Savings Tips That Work
It Pays to Save
Too often I hear people complain, “If I only made more money, all of my problems would be solved”, but sadly, this is not usually the case. While an extra $20,000 a year might be helpful, it surely will not solve all your financial problems. As a society, we are too focused on how much we make, and often ignore the way we manage the money we have. For example, even though the average salary in the NFL is well over $1 million, 78% of NFL players report going broke, or experiencing financial stress, within two years of retirement. Generally, we spend according to how much we earn, and unless you’re bringing home more than you could possibly spend, even a generous raise won’t change this.