Financial Wellness

A Guide To Help Your Long-Term Financial Health

Photo by me, Rocky Mountains

Long-Term and Employee Benefits:

When you turn 18, start a Roth IRA. Try to do the max per year, if not, do 10-15% of all income

When you get a job that offers 401K, contribute the company match at the minimum.

Maximize all employee benefits.

Save 15% of your income in a retirement account.

Rebalance and review your portfolio yearly.

Budget:

Make a budget, and know where all of your money goes. Today it is easier than ever with all of the apps, notes, etc that help you track your spending.

Stick to a budget, and never live above your means.

If you can afford a 10k car, drive a 10k car not a 30k.

If you can afford a 150k, buy a 150k house, not something more expensive.

Follow the road map to success. Until you are stable, don’t try and be a trailblazer. Follow the map. If your GPS tells you how to get to a certain location you have never been to before, you don’t try and go rogue on your own. You follow the map. Same with life. Until you are financially independent or have found a better path, don’t try and make your own. Be…