Consistency

People often like to ask: “what is the best piece of financial advice you can give?”. Normally they are looking to hear what stock we currently think is hot and will make them a lot of money quickly. While these things can happen when investing, if we were to boil down financial success to on simple piece of advice – consistency.

Be consistent.

Whatever your plan is, stick with it. Take that monthly amount off the top – no matter what. When investing in funds, think long term. Don’t panic every time the market dances around. Know your plan, time horizon, and stick with it. That doesn’t mean you don’t make adjustments along the way, it just simply means you can have financial success without doing crazy things or having to find “the next big thing”. The people that are the most prepared for retirement are often the ones that started early and just saved consistently.

So if you haven’t started saving – start today. Make the commitment and start. The New Year is the perfect time to start with a fresh plan!

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.