American investors are known to avoid financial decisions, even when it’s not in their best interest. Trends in household savings and retirement plan participation rates are great indicators of this risky behavior. While most believe financial decisions to be complicated, time-consuming and unrelated to feelings and emotions, it’s important to remember that a different perspective can give you the motivation to take control of your personal finances now.
When making financial decisions, incorporate these actionable tips to create a sense of urgency:
For helpful guidance in making financial decisions, work with your Enso | Sonoma financial advisor.