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  • 2 years ago
PPR 53: Keeping a Budget & Should You Pay For Your Kids Wedding

PPR 53: Keeping a Budget & Should You Pay For Your Kids Wedding

In this episode, I answer some great listener questions.  Conventional financial wisdom says EVERYONE SHOULD HAVE A BUDGET. That sounds good but making and keeping a budget is time consuming and is not for everyone.  So what if you are like me and you are not a budget person?  There is a way that you can keep close tabs on your money and cash flow.
Also in this episode, I tackle the topic of our kids sucking the life out of our retirement.  Sounds harsh but paying for a wedding can cut hundreds of thousands of dollars out of your retirement income stream.  My own daughter is 18 so my answer is probably influenced by my own looming "wedding talk".  I still think the best on this topic was to set  good example for your kids by being fiscally responsible with your own money first.  Teach them
Maximum retirement income and a great lifestyle is not found in a single product.  Achieving your ideal retirement lifestyle takes planning and a strategy that involves the proper balance between you