When folks turn the big 50, many people seem to question their life and their money and they tend to go through a crisis as they head for retirement. What many people tend to do wrong is spend their money on a big items such as a sports car or new toy that is very expensive.
However, when you’re headed towards retirement you want to come to a sense of financial independence before you go off and do the things you enjoy. It is important to know where you personally stand financially by make sure you have investments and some form of income coming in so you can do what you love and buy that new sports car or that new toy without sacrificing your entire financial future!
It’s easy! The more you have saved and the more you invest the better off you will be. Still be sure to budget as you begin to splurge for those items of your choice! This is suppose to be a fun time in your life not a crisis so plan ahead.