ST. CROIX INSIGHTS
It’s not about how you much make, rather how much you keep
BY BRETT ANDERSON/ST.CROIX ADVISORS, LLC
Its not about how much you make, but rather how much you save. It’s not too often I get surprised in my day to day life. I feel like at my young age I’ve lived a lifetime, but for others looking at my life, I haven’t seen anything. Being in this business, “money” is a daily topic in most conversations.
In our world, it not matter how much you make, rather it is how much you keep. It’s common that a good percentage of American don’t have any retirement savings. Zero savings. That’s not really the surprise.
We live in a world of consumption.
It’s a world where we are judged our jobs, clothing, cars, home, etc. As a financial advisor, I find it refreshing when I meet a family of four making $100,000 and the have money in their savings/checking account, don’t live check to check and have $100,000+ in their retirement account. They made a choice about their spending, values, and desires to not keep up with the Joneses.
Wanting to keep more of their own money, are living their values and want to be a good steward of their money. They know it’s easy for money to go out the door and the effort that it takes to earn it.
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Ask yourself- can my portfolio support my lifestyle in my retirement?