I’ve been reading the book Retire Inspired by Chris Hogan. It’s helped me to realize three mistakes many parents (including me) can make. In the moment with kids, we can pull out the credit card to furnish a room, take that dream Disney vacation, or fund a college dream. BUT wait! There’s more to think about than just today. There’s tomorrow – your tomorrow. Your financial future will really either allow you to spread your wings and fly, or it will chain you down in debt. Let’s talk about it…
So here are those three mistakes I talked about:
Mistake #1: Taking a vacation you can’t pay for.
Mistake #2: Funding your child’s college to the detriment of your retirement.
Mistake #3: Postponing saving money for your retirement.