Most doctors aren’t on track to reach financial independence. For most, it’s due to excessive personal spending which jeopardizes their ability to save what they need to achieve financial security in retirement. Here’s how to correct the problem and get back on the road to financial freedom.
A recent J.P. Morgan survey revealed that only 26% of Americans are financially prepared for retirement, despite rising stock market and real estate values. For most, the culprit is excessive personal spending. Fortunately, reviewing your personal spending and taking action to cut it can prove quite profitable. For example, reducing your personal spending by $2,500 a month will reduce the assets required at retirement by $811,500! More importantly, it frees up an extra $2,500 monthly for you to save and invest. Here’s how to make it happen...
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