Striking a balance between not doing enough and doing too much is tough for money, as it is with relationships. Do too little and a guilt nags at you each time you have a moment. Do too much and you sacrifice your today for limited future gains and life becomes about not living. I’ll leave the relationship bit for you to sort, but let’s at least put the money issue in perspective. While each situation is different and each family needs its own unique financial plan, it is good to at least have some basic rules of the road to know if you are at least going in the right direction. Remember these ratios are just very rough rules that point you in a direction rather than a detailed Google map. For that, find a planner, pay his fees and get your bespoke plan made.
Key to long-term investing: ‘Time in the market’ more important than ‘timing the market’
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