Back to the basics: Maybe it’s time to recall what creating a rich life is all about.
“The stock market should not be viewed as a way of making money. Working is how money is made—saving and investing is how it’s kept.”
E.J. Smith, “Teach a grandson how to invest,” Young Research and Publishing, Inc.
This serves as a reminder to advisors and clients alike that the greatest impact on your ability to build a solid nest egg comes from the lifestyle, spending and career choices you make, not from whether you invest in the latest hot stock or not.
Boring but true. You create value by earning your educational credentials, honing your professional skills, spending less than you make, making good financial decisions, and saving the right amount in the smartest possible way.
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