Money’s not the only thing, but it sure helps to make other things possible.  A recent article in the Atlantic by author Neal Gabler, titled “The Secret Shame of Middle-Class Americans,” describes the financial insecurities and travails of the American middle class.  The lengthy article begins by saying that nearly half of Americans would have trouble finding $400 to pay for an emergency and Gabler admits that he’s one of them.  The author describes many of the decisions he’s made that have resulted in his own precarious financial position.  Lack of savings and unwise spending are a recipe for financial difficulty.

The article is a cautionary tale for those beginning their careers to be sure they make plans to save money for the things that are, or may be, important to them in the future.  It may also be a bit of a wake up call for those who find themselves a member of the large group of Americans described in the piece who have not established their own financial safety net.

The big take away?  If you want financial security, it’s up to you to provide it.  And while it’s nice to think that you will receive (and save!) a bonus or inheritance, there is no better way to build capital than regularly and faithfully saving a little money over a long period of time.  Further, there is no time like the present to begin.  So whether you are just beginning your career or nearing the end, take stock of your goals and make plans now to reach them.

Horizon Wealth Advisors is a Houston based fee-only wealth management firm. Horizon is a fiduciary advisor. We specialize in helping successful individuals and families understand, organize, and manage their often complex financial situations. Horizon offers integrated financial planning and investment management services.