HapiMoney

Economists and Money Managers have a dirty little secret: spending money now is better than spending money later.  It’s true, ask them.  Finance professionals even “discount” money to be received in the future – things like inflation, opportunity cost and risk of loss all eat away at its value. Hell, spending money now is even fun, and waiting sucks – adding to what economists call “utility”.

So why save money? Why risk inflation and loss, or why put off that prized purchase of a foosball table which would at long last complete your man cave? Why?!

Oh yeah, because you want to eventually retire. You want to have a house and kids (or at very least a few cats). You want to have an emergency fund in case you lose your job and your million dollar trust fund disappears.  You might even want to buy a jet ski for those weekend getaways that you like to take.

It’s going to take a few million dollars to retire, and those vet bills for your cats don’t come cheap. And how are you going to do all of this when you’ve been spending every last dime? Impossible. There’s the rub, and alas, our hero saunters in to the rescue: financial planning. With a few simple tools, financial planning is easy and we’ll show you how.

But enough for now…stay tuned – same financial time, same financial channel.