{"id":1916,"date":"2022-03-28T18:41:50","date_gmt":"2022-03-28T18:41:50","guid":{"rendered":"https:\/\/www.gunderwealth.com\/?p=1916"},"modified":"2022-03-28T19:47:57","modified_gmt":"2022-03-28T19:47:57","slug":"stay-on-track","status":"publish","type":"post","link":"https:\/\/www.gunderwealth.com\/stay-on-track\/","title":{"rendered":"How Do You Stay On Track?"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Section” _builder_version=”4.15″ da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row admin_label=”Row” _builder_version=”4.15″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.15″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.gunderwealth.com\/wp-content\/uploads\/2022\/03\/Untitled-design.png” alt=”Stay on track” title_text=”Stay on track” align=”center” force_fullwidth=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|phone” _builder_version=”4.15.1″ max_height=”800px” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.15″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” collapsed=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.15″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.15.1″ ul_line_height=”1.7em” header_line_height=”1.5em” header_3_line_height=”1.5em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

\u200bDo you feel like your finances are out of control? \u00a0Or do you assume you\u2019re \u201con track\u201d because you choose to ignore the topic altogether? These are normal feelings! Money is just as much about emotions as it is about spreadsheets.<\/p>\n

Here are 5 tips to gain confidence in your financial health and help you stay on track.<\/p>\n

Develop the foundation of a plan<\/strong><\/h3>\n

Why just the foundation? A plan is only a point in time; however, life isn\u2019t static. Once you build the foundation, it\u2019s much easier to adjust for changes along the way.<\/p>\n

For example, if you anticipate a bonus or quarterly commission check, don\u2019t freeze. Determine where to allocate the funds in advance and set up the investment into the respective accounts before it\u2019s received.\u00a0 For example, 25% for savings, 25% for spending, 25% in your brokerage account, 25% for a specific goal (i.e., travel, home improvement, etc.).<\/p>\n

Automate your investments<\/strong><\/h3>\n

In his book, The Laws of Wealth, Daniel Crosby describes the importance of \u201cdesigning a systematic process to avoid certain risks<\/strong>.\u201d\u00a0 He explains that risk in investing (and life!) is certain.\u00a0 However, the magnitude of that risk is not. The last two years are living proof of this.<\/p>\n

If there is no systematic process in place, it\u2019s easy to abandon the plan when challenges and emotional events come your way.\u00a0 Just as you might automatically invest in your employer-sponsored plan, do the same for your:<\/p>\n