C
hews
V
iews
By Richard Chew
Bonus Time!
Mo’ Money, Now What?
hewsViews hopes August is
treating you well and you
are enjoying not the last
month of Summer, but the third month. Summer is technically here until September 22nd for you “seasonal and equinox” nerds.
This month I wanted to send a few pointers on what we often recommend to our clients when they receive a bonus at any time of the year.
Sometimes people feel that receiving a bonus is like winning the lottery. Well, not particularly! Frankly, the lottery is random and cannot necessarily be controlled. Your bonus, on the other hand, is something that is in direct correlation with the work you put in. You and your employer will usually have a discussion to determine what it would take for you to earn extra money. If you follow through with that plan then, Bam! Mo’ Money! So, with all the hard work that went into you getting this extra chunk of change, it would be a shame if you just blew it on things that do not benefit your long-term wealth and financial lifestyle.
Here are a few lifestyle pointers on how you can maximize the power of your well-earned bonus.
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Photo Credit Bob Ghost