PRLog - Jan. 7, 2013 - WINTER PARK, Fla. -- Bill Losey, author and retirement expert (http://www.BillLosey.com)
Bill Losey, www.BillLosey.com
Bill writes, “Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year is as good an occasion as any to alter your behavior.”
Five of the ten habits that Bill warns about include:
· Lending money to family and friends
· Spending more than you make
· Saving little or nothing
· Living without a budget
· Frivolous spending
On “spending more than you make,” Bill writes, “ Living beyond your means, living on margin, whatever you wish to call it, it is a path toward significant debt. Wealth is seldom made by buying possessions. Today’s flashy material items may become the garage sale junk of 2025.”
On “frivolous spending,” Bill warns, “Advertisers can make us feel as if we have sudden needs; needs we must respond to, needs that can only be met via the purchase of a product. See their ploys for what they are. Think twice before spending impulsively.”
To read the entire blog and learn about the other five damaging habits, please visit http://www.billlosey.com/
Bill Losey is a nationally known and respected retirement expert, specializing in 401k rollover advice, self-directed IRA rollovers, 401k direct rollovers, and many other investment and retirement strategies. Bill’s company, Bill Losey Retirement Solutions, LLC, is an independent registered investment advisory firm that caters primarily to couples as well as divorced and widowed women nationwide (age 50-70) who demand objective financial and retirement advice; customized, fee-only investment management; attention to detail; and impeccable service.
Other recent blogs written by Bill Losey include "Big Spenders vs. Big Savers", "Ways To Increase Your Social Security Income", and “5 Ways To Make Your Retirement Savings Last,” among others.
Each issue of Bill Losey’s award-winning free weekly email newsletter, Retirement Intelligence®
To learn more about Bill Losey Retirement Solutions, please visit http://www.BillLosey.com and www.MyRetirementSuccess.com.
About Bill Losey, CFP®, CSA
America’s Retirement Strategist®
Bill Losey, CFP®, caters to women and couples (age 50-70) who seek to reduce post-retirement risk and generate a predictable, sustainable, increasing stream of retirement income they won’t outlive. As a qualified professional in the areas of retirement strategies, personal finance and investment management, Bill has been seen and heard on hundreds of TV and radio stations such as FOX News, NPR, CBS News, CNBC, Business Week, TIME, AARP, U.S. News & World Report, and Oprah & Friends.
Bill has over 20 years experience in the financial services industry and is a Certified Financial Planner™ practitioner and Certified Retirement Coach. He is the owner of Bill Losey Retirement Solutions, LLC, a fee-based registered investment advisory firm serving a small nationwide clientele. Bill is the author of Retire in a Weekend! The Baby Boomer’s Guide to Making Work Optional (http://www.retireinaweekend.com/
In his leisure time, Billy, as his friends call him, loves to sing. He is an accomplished vocalist and has performed the National Anthem at Madison Square Garden, the Pepsi Arena, and other sporting venues. Currently Bill is the lead singer of a vocal duo called The New York Lounge Lizards (http://www.billlosey.com/
Learn more at www.BillLosey.com (http://www.billlosey.com/)