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
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Sensibly Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Nick Shanley, Steve May, Luke Styles and Shanley Financial Planning T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Sensibly Pty Ltd, AFSL 533923. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guides.
Shanley Financial Planning Pty Ltd trading as Steve May Financial Services (ABN 19 612 825 180) is a Corporate Authorised Representative of (1265706) of Sensibly Pty Ltd (AFSL 533923)
Nick Shanley, Steve May and Luke Styles are Authorised Representatives of Sensibly Pty Ltd (AFSL 533923)