Spending Problems
Really, RSF works with people who have spending problems?
Yes we do. Most of our client-friends live paycheck to paycheck and never touch their investment portfolios. In other words, their problem is not that they spend too much but rather don’t spend enough. Just like spending more than you make isn’t healthy neither is not spending at all.
Our client-friends have been raised in a such a manner to delay gratification and save for a rainy day. Well what happens if it doesn’t rain? What happens if you have enough set aside to last a couple large hurricanes? We’re all in favor for saving and investing for future generations however not at the expense of not enjoying one’s own life.
Here are a few of the spending conversations we’ve had:
- Encourage elderly clients to hire a caregiver, physical therapist or housekeeper to come into the home.
- Assist clients make family loans for first homes, remodels, etc.
- Match a retirement contribution for child and/or grandchild.
- Multi-generational family vacations and bucket list adventures.
- Unable to spend on one’s self – encourage being overly generous to church, charities and those in need.
- Creative financing and angel investing
- Permission to retire early