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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. In 2022, YNAB launched a financial wellness benefits package for employers that includes access to online classes, workshops and more.
When Jim came into my office at age 52 to see about retiring early, I was surprised. I fully expected to inform Jim and Sue they couldn’t retire early only to discover they were multimillionaires. The rich get richer because the system is designed so that those two asset classes increase. They had zero debt.
This way you can rest comfortably knowing the bulk of your nest egg is backed by steadier asset classes. Now there are even cryptocurrency creditcards that reward you in crypto, much like you would earn hotel points or airline miles. Don’t believe the hype.
How many bath bombs have been purchased on creditcards in the name of self-care? Take a moment to list your financial priorities : remodeling the house, saving up an emergency fund, freeing yourself from creditcard debt, building a college fund. How many unused vitamins and supplements under the name of wellness?
Join a class at your fitness club, an exercise group or a team sport. I want my financial future to be bright and to have no worries when I’m older and ready to retire. Take a dance or fitness class. Cut up creditcards. Make a commitment to fitness. Or, if you can afford it, hire a trainer. Build value every day.
Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals. Most people enter the workforce with over 30 years until retirement, so the sooner you can start saving, the more wealth you can build.
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