Financial Fitness

May 14th, 2015


Budgets distinguish between needs and wants. Most nondiscretionary expenses (utilities, mortgage, etc.) are needs. Many discretionary expenses (entertainment, gifts, etc.) are wants. Accurate budgets help identify items that you can forgo today in exchange for attaining larger goals sooner.


Economic uncertainty brings danger as well as opportunity. Those who have saved three to six months worth of living expenses in a liquid account are positioned to adjust to a job loss, health scare, or unexpected repair without derailing longer term goals.


Most people make more money as they get older. With this added financial strength comes the responsibility to continuously work through savings plateaus and increase your financial contributions.


Wellness is a happy balance of physical and mental health. Financial fitness is an integral stress reducing component of wellness. It includes a diversified portfolio with the right mix of stocks, bonds, cash and alternatives. Assets are optimized consistent with goals, timeline and risk. Financially fit people also have the peace of mind to pursue hobbies, sports or spend time with family and friends. They work hard and play hard.


Posted in: Financial Planning,