As much as financial advisors love to solve our clients' financial planning needs and have all of the answers, the truth is sometimes we don't have all of the answers. And sometimes we have the answer, but the solution isn't necessarily easy to accomplish--the most common example/issue is the need for additional income. There are many families who have trimmed the fat from their budget and the only way to really make progress toward their goals is to increase their income.
This is a hard recommendation to give because increase one's income is not as simple as making some minor decisions. In today's Rundown, I discuss the need for additional income as the solution that is right for many financial plans, but so hard to accomplish.
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.