The purpose of this series is to educate consumers on some simple principles that will take the mystery out of the often-complex world of managing one’s financial affairs. The first distinction is to realize there are only seven key variables that can be managed in creating your financial future and wealth. These variables are:
- Career Earned Income
- Lifestyle
- Savings as a percentage of gross income
- Risk Management
- Tax Planning
- Rate of return on invested savings
- Legal and other considerations