The “Freedom To” Future

Key Takeaways

  • The current generations heading in to retirement no longer like to use that word as it holds a negative connotation, instead, think of that life transition as freedom from to freedom to.
  • The Millennial generation has a different outlook from previous generations in terms of how they want their life to look and when they want to retire. They are also saving more money than any of the previous generations.
  • It’s important to have a plan and a path set out to achieve your “freedom to” future, and making good decisions about your money throughout that plan is a big part of it.

How to Tame Financial Anxiety

Key Takeaways 

  • A recent Northwestern Mutual study found that 28% of Millennials have financial anxiety that affects their job performance; twice that of the rest of the population.
  • If you know you have money in the bank, you can give yourself peace of mind to know you can handle something if it comes up.
  • If you don’t currently have money saved up somewhere, start now by saving a certain amount of money you determine every month, in an account that you do not touch.

Financial Confidence Versus Competence

Key Takeaways

  • There is a big difference between having confidence in your knowledge of something, and having actual competence in it.
  • To bridge the financial confidence to competence gap, you need to look at your dangers, opportunities, and strengths.
  • Making good decisions about your money requires understanding your limitations, and sometimes seeking additional experienced help.

Thanksgiving: A Look at Gratitude and Finances

There are a lot of great traditions families have when it comes to Thanksgiving. Sometimes it’s food related, such as a secret family recipe for candied yams, deep frying a turkey, or just knowing exactly what dishes to expect at the table. Perhaps your family always participates in a local Turkey Trot race, or watches the Macy’s Thanksgiving Day Parade, or takes turkey coma naps after the big meal.

There are all kinds of traditions that our families look forward to every year on Thanksgiving, but gratitude is something that can be practiced and expressed every day of the year, and can actually have a positive impact on your finances.