We get this question all the time! Most people are looking for us to give them a dollar amount they should be aiming for or at least get a sense of how to measure their progress. Coming up with a ballpark number is easy (and you can typically find those answers with a quick Google search!) But general advice will only get you to a certain point.
When most people think about creating a family budget, they tend to focus on looking at income and expenses. Much like the planning we do here at our firm, I think the most effective family budgets are goal-based. Here is some insight on how I manage my own.
Sometimes things in life are so simple, yet for some reason, people like to make things harder. Everyone dreams of having financial security, life options, and financial peace of mind but only a small percentage of people ever get there. Why is that? In talking to many of those who have personally solved this riddle, we’ve identified two critical elements that must exist. In tandem they become your personal “Rocket” to building wealth.
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