While there’s nothing wrong with being frugal if that’s your preference, I don’t think the world will end if you aren’t frugal.
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While there’s something sexy about finding the right index fund for your Roth IRA, there are plenty of other unsexy things that you just have to do. Unfortunately, some of the most important items related to your financial situation are often the things that are overlooked.
If you are trying to figure out what you want to accomplish with your money, you can gain a little clarity with the help of financial mission statement.
It’s important to make financial plans, and to try to stick with them. However, it’s also important to be ready in the event that your financial plans fail.
Investments with a fixed rate of return can be useful in your portfolio, but there are some things you need to be aware of before you tie up too much of your money in these types of investments.