06 Jan How Diligent Cash Flow Management Can Help You Save For A Better Retirement
Article for the International Business Times
by Michael Lackwood
How diligent cash flow management can help you save for a better retirement
Many pre-retirees fear they could run out of wealth during their lifetime. But rather than focusing on how long your nest egg can last, it’s far more productive to focus on managing your monthly cash flow in the present and actually writing down and reviewing what your expenses will be when it comes time to take the leap into retirement.
Knowing none of us can predict the future, we can plan for it in such a way that we are prepared for the inevitable changes in life
Getting your cash flow squared away can help manage peace of mind and has the potential to drastically increase your retirement income because it makes long-term goals more feasible through strategic savings plans.