What If $1,000,000 Is Not Enough?

So, you saved $1,000,000 for retirement for “good measure”. But what if it’s not enough?

I want to put you to the test. It’s time to take a hard look at your financial life and figure out what habits you need to change.

Remember, sitting on a pile of cash does not equal a successful retirement. Here’s where most people go wrong:


You Have No Idea What You’re Doing.

This can be hard to admit. Put yourself to the test, do you resonate with any of these?

  1. You are constantly stressed and don’t know if your money is working for you.
  2. You don’t know your numbers, have a budget, or understand your cash flow.
  3. You don’t have a plan. Or maybe you did put together a financial plan at one point, but that old binder has become a decoration on your bookshelf. Plans need to be updated as life changes.


You Make Bad Choices.

Bad choices come in all shapes and sizes and can be extremely detrimental to your financial health and future. Here are a few examples:

  1. Bad investments. Think of it this way: the turtle always wins. Chasing the next winner seldom works.
  2. Life happens and how you react impulsively to your needs and wants can make your budget hurt you in the long run.
  3. Reacting Emotionally. This is simply an effect of not having a plan or budget in place to give you peace of mind.


Your Plan Is Not Working for You.

Most people tend to stand in their own way.

As a famous boxer once said, “Everyone has a plan until they get punched in the mouth.” Or to paraphrase a former US president, “Plans are of no particular value, but planning is indispensable.”

It’s not enough to have a plan on paper. You need something that can adapt to unforeseen circumstances. And you need someone who can help you to update the plan and carry it out. That is what a financial advocate can do for you.


You can do better. Hope is not a strategy.

It’s time to master your money and take back control. If you effectively manage your finances to make your money work for you, you can enjoy life today and in the future.

Remember it’s not about how much money you make, it’s about how much of it you actually keep.

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