Does your money tend to run out before you run out of month? If your like many Americans that might be a common occurrence. It doesn’t have to be that way! Wealth is the result of increasing the difference between what you earn and what you spend, and developing a habit of setting some of that aside. Most of us make the mistake of increasing our spending as our disposable incomes rise over time. This is self-defeating. If you do not develop an understanding and respect for money, it will always seem to slip away.
Something most rags-to riches stories have in common is that at some point a good budget is needed to help achieve long term security. If you want to significantly improve your credit, your net worth, and your sense of financial stability, you have to learn how to control your spending and increase your savings.
Benchmarking your investments plays an important role in evaluating the performance of your investment portfolio. If there were only one benchmark to use, and one that could be universally applied, that might be an easy proposition. But the reality is that investment performance is not so simple.