5 Reasons You Need More Money

They say money does not buy you happiness, but the lack of money can certainly bring you a lot of misery… which is why we want to highlight 5 reasons why you are going to need more money in the near future.

1. You’ll almost certainly out-live your money (unless you are really rich).
2. Inflation is a thief that will continue to devalue the money you have.
3. The older you get the more your health will cost.
4. Educating your children will continue to get more expensive.
5. The cost of living will continue to rise.

Here are our top 5 tips to deal with this:

1. Spend less than you earn today and save for tomorrow.
2. Create passive income outside of your current income.
3. Don’t spend money on things you don’t need.
4. Start saving for retirement as soon as possible.
5. Make saving a habit.