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The one that comes with a big paycheck, fancy dinners and the ability to buy whatever you want.
But just because youre earning a hefty salary doesnt mean you should let go of yoursavinghabit.
Heres why saving more should still be on your radar,even if you earn a high salary.
That person has built strong financial habits and knows how to live within their means.
The individual who earns $500,000 a year but only has $500,000 saved.
The more you make, the more you tend to spend.
Plus, when retirement comes, adjusting to alower, fixed incomecan be extremely difficult.
Retirement is a big adjustment.
When youre used to a high income, turning off that financial faucet can be a shock.
Life Can Throw Unexpected Curveballs
A Marist Pollsurveyfound that most Americans are dissatisfied with their savings.
And for good reason.
The truth is, no one has a crystal ball.
Even if youre rolling in cash today, life has a way of throwing curveballs.
Having that cushion makes lifes little hiccups a lot less stressful.
Without aggressively saving, Willis said many financial obligations can become unmanageable in retirement.
The earlier you start saving for retirement, the better.
Your future self will thank you when its time to kick back and relax without worrying about money.
Layoffs, downturns or a shift in your industry could make your job uncertain.
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