Dr. Leslie Griesdorf trades in the stock market and has dedicated himself to succeeding as an investor since he retired from his decades-long career as a dentist in 2004. He’s enjoying semi-retired life and enjoying the process of improving his wealth management abilities, and he offers advice to friends and family when they’d like to do the same.
Saving for the future allows you to pursue endeavors like Dr. Leslie Griesdorf’s stock marketing trading, which can then help you accrue even more wealth to protect yourself in retired life. Tips like these can help:
- Save Every Month
Even if you’re in an unfavorable financial situation and can only save a few dollars every month, make it a habit. As saving becomes engrained in your mind, you’ll come to enjoy it more and prioritize it even higher for every monthly paycheck. Automate the minimum you can afford each month so you don’t forget.
- Plan for the Unforeseeable
Life will always be full of unforeseeable expenses. From emergencies like a car breaking down to spontaneous events like a fun night with an old friend, you can’t avoid the unexpected, but you can expect it. Create an emergency fund in your savings account with enough money to live on for at least three months and carve out space in your budget for one unexpected event each month. If nothing unexpected happens, put that chunk of money in savings.
- Reduce Monthly Bills
To save as much as you can every month, follow the lead of people like Dr. Leslie Griesdorf and reduce your monthly bills. Eliminate things that you don’t need, subscriptions you don’t use and habits that aren’t good for your finances. Also, call the companies you pay your bills to and ask for lower payments.