Earnings go a long way toward determining an individual’s financial security. However, high wages do not guarantee long-term financial security any more than lower wages ensure a future marked by a lack of financial flexibility.
Individuals are a variable in any financial equation, and those who can exercise and maintain some fiscal discipline are more likely to secure long-term security than those who cannot.
One way anyone can improve their chances at a secure and flexible financial future is to identify and avoid some common mistakes.
• Delay saving for retirement: Conventional w...