Interview with Mike Smith, Financial Advisor, Advanced Financial Strategies
Mari: So many workshops and books on financial planning seem to focus on very general advice - reduce debt and spending, increase savings etc. It’s hard to gain momentum with the very fist steps seem so big. What are some things people can do right now, say in the next 15 minutes to an hour, to improve their financial situation?
Mike: The very first thing you need to do before anything else is to decide what you want out of this. What do you want to accomplish? Do you want to early? Do you want to travel? Deciding that will help you make a successful plan. Don’t make the list more than three items - stay focused.
There is tremendous power in writing it down. Having it in writing means you’re committing to it. You’re responsible for it. Now it can look back at you and ask, “What are you doing to accomplish this?” Keep it in sight and make it really alive to you.
Second, find someone to...
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