How do I not run out of money?
The question is a concern for all of us. It is of some concern when you are a young individual. It is a major concern when you are nearing retirement. There is no answer that will make you worry free. There are opportunities to consider that will make a few possible changes to you financial vocabulary as a starter.
Liquidity, Use and Control are the principals in your vocabulary that your money will do better with. This is not what what have found in the last 30 years. This is not what most individuals have desired over their financial life time either. It is what our history has shown us to make every individual financially successful.
Ask yourself these questions:
- In each area of your wealth. Do you have liquidity of your emergency account?
- Do you have an emergency account?
- Are you able to access your retirement account with no penalty or taxation?
- Is the equity in your home and income property available to take advantage of in case of an opportunity or a family emergency?
You may not have considered these and many other strategies and that is what the Hines Financial Group is all about. To make you aware of your financial situation is what we do.
Let’s talk money
Let us contact you and ask about who we are, allow us to get to know you because that is where “not running out of money†starts!