What is lazy money? It is money in your tanks that is not performing well for you or is being wasted through inefficient systems or structures, thereby creating unnecessary wealth transfers. Do you have money that could be working better for you?
Here are a few areas where you may have "lazy" money1 that could be better utilized to work more efficiently for you:
Are you ready for the New Year? It's time to make sure your finances are on track for the year ahead! If you haven't already, this is a great time to meet with a financial professional and take stock of your goals and objectives. The New Year is also a great opportunity to reassess old habits and set some goals for working toward improved health and wealth in the year(s) to come.
College represents a new period of independence in a young adult’s life. It may be the first time that your child has almost complete control over their own finances. From deciding how to use their spending money to deciphering student loan options, it can be difficult for students to adjust to the financial side of college living. But it’s a great time for them to learn how responsibility and planning can lead to success, both for their wallets and their lives after college!