The attitude of YOLO is one we see a lot in members of the younger generations. A “you only live once” attitude is one that has some benefits in creative expression, gathering experience of life’s joys and adventures. However, when it comes to finance, this ethos can lead to challenges that can compromise greater dreams. This is where Jason Vitug, in his book You Only Live Once, warns us and our younger people to embrace the attitude but control your finances and invest in your future.
In his roadmap, Vitug outlines some simple rules to follow for mindful management of finances as opposed to mindless spending:
“Eliminating debt doesn’t just improve your financial life; it improves your entire life.”
The key message is that happiness doesn’t come from possessions, but living a fulfilling life. A financial adviser can help you use the Vitug roadmap in You Only Live Once by looking at your cashflow, analysing your position, leveraging the magic of compound interested so your one life is the best life. Talk to us today to get started.
Image thanks: getabstract.com
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Steve May, Luke Styles and May Wealth Pty Ltd T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Futuro Financial Services Pty Ltd ABN 30 085 870 015, Australian Financial Services Licensee, Licence number 238478. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guide and business/adviser profiles.
May Wealth Pty Ltd ABN 71 612 234 518 trading as Steve May Financial Services is a Corporate Authorised representative of Futuro Financial Services Pty Ltd ABN 30 085 870 015, Australian Financial Services Licensee, Licence number 238478.
Steve May and Luke Styles are Authorised Representative’s of Futuro Financial Services Pty Ltd ABN 30 085 870 015, Australian Financial Services Licensee, Licence number 238478