It's tax season. It's the time of year where tax commercials are played constantly. From the H&R Block's "It's Refund Season" to the Jackson Hewitt "This is how we do it" commercials, we are lulled into sleep by the fact that it is a good thing to get a tax refund. In all reality, a tax refund is just the government paying you back the money that you loaned them over the course of the year.
The Importance of Keeping Track of Your Finances
Over the weekend, I was checking my Personal Capital dashboard to see how bad the down market has hurt our net worth. As you would imagine, our net worth took a hit, just like everyone else. This does not mean that I am running to the hills and selling everything. We have to remember that retirement investing is an investment for the long haul and we can't get scared by a dip in the market. It is always important to remember this fact whenever the nightly news scares you into thinking that this is the crash to end all mankind. Don't worry, the market will recover and we will be better off than we were before.
Rule Yourself
Under Armour is an athletic clothing company that created this commercial. This commercial made me think about how this connects to so many aspects of life. This of course connects to working out, but there are many others from eating to finances. I have always struggled with eating too much, since I was a kid. It is a constant battle. Look at the tag line from this article. It states, "You are sum of all of your training." This is so true, when it comes to anything in life.
Steps to Financial Independence: Step 4
Step 4 is the biggest step to financial independence! This is the step where you are investing tons of money for your future self. There is a lot of history and a lot research that shows that the best way to save for the future is to invest. These investments will grow over time and you will have a substantial amount of money.
Steps to Financial Independence: Step 3
Are you prepared for the next emergency in your life? How will you pay for this emergency? What is the best way to prepare?