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How much ink has been spilled about repositioning assets to take advantage of the new U.S. presidential regime?
You will face setbacks, Franklin said.
Employer benefits are a good place to start.
He also recommends keeping expenses low and avoiding temptations to overspend.
Our daily lives are full of surprises, he said.
In the absence of perfect planning, emergency reserves are the shield protecting you from financial folly.
Behaviorally speaking, its best if these assets are at a completely separate institution, Franklin continued.
Not Seeking Professional Help
Some people need a helping hand to keep their finances on track.
More people should be speaking about their financial issues and learning from each other, Franklin said.
Look for people you already trust or for mentors who can help effectively structure your next best steps.
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