Wishing you all an early happy St. Patrick’s Day! As we spend the day celebrating Irish heritage, the Waypoint team has come around to the discussion of luck. Are you lucky like the Irish, or do you have to work for things?
After a very short discussion, we all agreed that our team isn’t overly lucky. It seems like we are constantly working to improve ourselves and what we can do for people as a company.
Our advice to you all, in regards to your finances, is that it is important to not leave it up to luck. Saving for life after pharmacy is a long process that must be planned and improved upon from time to time. Hoping to win the lottery or find a pot of gold at the end of a rainbow probably won’t get you very far.
Here are some tips from our team on improving your luck for living a financially stable life after pharmacy:
- Check on your strategy. Make sure you are taking enough risk. Not taking enough risks can jeopardize what you need to achieve your financial goals. Most people tend to choose less risky plans, which can end up costing you in the long run.
- Work on that budget. While splurging can be fun, the more you plan, budget and watch your expenses, the more likely you are to find ways to stop increasing, or even decrease, how much you spend on things. You won’t need luck if you have a realistic and achievable budget set.
- Get out of debt. Debt is the number one reason people don’t save enough for retirement. While it is always easier said than done, we can help you set up a debt reduction plan to get you on the right track towards being debt free.