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Lets face it: Keeping your finances in order isnt as easy as it used to be.
Over the years, Ive seen what separates families that thrive from those that struggle, Francis noted.
Here are key financial stepsthe upper middle classcan take to protect their financial future.
And dont wait until tax season to strategize: Smart families make tax-advantaged investments all year long.
Inflation can erode savings if you dont diversify.
He recommended regularly reviewing your investments and adjusting as needed.
Families who stay ahead know when to call.
And dont overlook long-term care insurance, Francis warned.
Many families drain their savings for unanticipated assisted living costs.
Teach your children how money works.
Schools dont do it, so its up to you, Francis emphasized.
Open them a deposit brokerage account.
Tell them the power of compound interest.
Let them makesmall financial mistakesnow, so they dont make big ones later.
Strategic investing, tax planning, spending control, and financial literacy all play a role, he noted.
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