You’re not as far from financial liberation as you think you are—in fact, you’re only 5 simple steps away.
All the nonsense you hear about now having to wait until 70 to retire shouldn’t phase you, unless you avoid some vital tools that will bring that liberation from financial burdens within reach.
These easy-to-use tools should be a part of every retirement strategy, but they’re often overlooked.
Are you missing any of these necessities that’ll complete your financial liberation?
Whether you’re at a comfortable place in your retirement savings or you’re panicking every time you hear the term, these retirement tools can help you take that final step to the financial liberation you deserve.
When most people think about saving for retirement, they automatically think about the debt they’d have to pay off before being able to contribute a healthy amount.
This puts a lot of people off saving for retirement, as they have a hard time getting out of debt altogether.
That’s why the first tool you should use to set up your wealthy retirement is Undebt.it.
Undebt.it is a free debt management tool/payment planner. It’s a vital tool in order for you to unclog your finances from nasty debt, and allow you to start saving for that retirement you’ve always dreamed of.
It works so well because it sets up payment plans for you to follow and allows you to visualize your goals, one step at a time.
After using Undebt.it, the next tool you should use is called Stash.
Stash is a fantastic tool for those who want to start their retirement fund, but only have a small amount that they’re able to invest.
With a minimum investment of $5, it’s one of the only investment tools that can be accessed by those who aren’t able to afford the fees that come with other investment avenues.
Another great perk of stash is that it allows you to invest in fractions of a stock’s share, if you can’t afford to invest in whole shares.
This allows your retirement fund to gain exposure to Wall Street’s biggest earners, without throwing all you have at it.
Another similar tool is Acorns. The brilliance in Acorns is found in the fact that you forget that you’re investing your money, until you look later on and realize the profits you’ve accumulated.
It does this by rounding up any purchase you make to a whole number and investing that spare change into personalized funds.
For example, you spend $3.19 at Starbucks, Acorns will then take 81 cents and invest it. If you drink at Starbucks every day of the week, you’ll have invested a nice $210 by the end of the year without even thinking about it.
As your retirement funds begins to grow, you’ll want to look into these next two tools that are great at managing your money.
The first one is Mint. Mint is great for managing your money, and giving you a detailed visual of where your finances stand.
It categorizes your money for you, allowing you to set budgets in different categories, such as restaurants, shopping, bars, travel, etc. so you can grasp where your money is actually going.
By cutting down your budget on the non-essential categories, you’ll be able to shovel more cash into that retirement fund that could have you sitting on the beach every day of the week.
The second vital tool for managing your money is Level. This tool is great for separating any upcoming bills you may have, so you’re not scrambling when they come around.
Level informs you of any bills that may be approaching in the near future, while indicating how much money you have for spending.
By taking a magnified look at your bills and other expenditures, you’ll be able to allocate a comfortable amount of money to your retirement.
Retirement experts suggest that you should aim to save around 15% of your income per year. I’m positive that by using all these tools, you’ll soon be able to take that step into the relaxing and wealthy lifestyle you’ve always dreamed of.
