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How To Build a Net Worth - And How To Keep It
Manage episode 376754575 series 3428540
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Building up a nest egg over a period of years does not have to be complicated, in spite of what many investment professionals might tell you. The real "secret" is to simply save money, and save it on a regular basis.
When time is on your side, you have a certain amount of freedom to take an element of risk. Doing so, investing even during market downturns, can potentially pay big rewards down the road. But when it comes time to live off the savings you've built, you must employ an entirely different set of skills in order to keep that money from running out.
What do you need to do to build enough money to retire, and then what do you need to do to keep it from running out? Find out from podcast host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
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