"Perhaps the arithmetic of personal wealth should be much simpler, but like it or not, the rules of economics are riddled with fine print, unexpected or inadequately explained conditions, and loopholes.,” says Bryan S. Slovon, founder and CEO of Stuart Financial Group in Greenbelt, Md.
Further complicating matters are various professionals in the financial industry. Whether or not a professional means well, the fact remains that many are actually trying to sell products, he says.
Individuals need to be their own most valuable player for their well-being. Slovon reviews basic measures to quarterback your life to financial wellness.
• Focus on your taxes, and perhaps tax-favored investments. An important part of understanding your budget, and making it work better for you, is getting reliable professional analysis on your tax situation. You may be paying much more than is necessary. If you are expecting to retire in the near future, you may especially benefit from analysis of your tax budget.