Procrastination and Your Finances – May 5, 2021

Why should I take action today when I can do it tomorrow? Procrastination is the enemy of your finances.

According to the Charles Schwab Modern Wealth Survey 2019—

• 60% of those who have a written financial plan feel financially stable vs only one-third who feel the same way without a plan.
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Investor’s corner

77% of those with a financial professional reported they were able to stick to their financial resolutions in 2020, compared to 50% of those without one, according to Fidelity’s 2021 Financial Resolutions Study.

A written plan is an investment strategy and a blueprint that helps minimize taxes, lowers risk, and helps with orderly withdrawals in retirement.

If you are adhering to such a plan, we congratulate you because you have chosen the narrow path. It’s your roadmap to your financial goals.

Returning to the question at the top, why should I take action today when I can do it tomorrow? Avoid the urge to procrastinate.

Created 2021-05-05 15:49:43