Snippet from Ozy:
"Financial advisor Spencer Sherman urges his clients to boost their savings game by making a plan to save a small amount of money at regular intervals or with every paycheck, and make a note on the calendar to slightly increase that amount every six months (and proportionately for any salary increase or bonus). This will lead not just to more wealth creation, but to an increased confidence and sense of financial well-being,says Sherman, who founded financial consulting firm Abacus Wealth, which today manages more than $3 billion in assets.
Rather than regarding saving, or saving more, as something you always mean to do but never quite get around to, consider it like buying gas for your car: You’d never stop buying gas and then complain that the car won’t go. Sherman says that saving should be similar, in that you plan to always do it."
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All materials are for educational purposes only and are not to be considered investment, financial, or tax advice, nor do any of the author's opinions represent the opinion of Abacus Wealth Partners. Please consult with a financial advisor or CPA before making financial decisions. Should you wish to connect with a financial advisor that fits your situation, we welcome you to schedule a free introductory 15 minute phone call.