2) Grasp Your ‘Assets’
You know exactly how much money you bring in each month, how much you have in your bank account, and how much you have in your retirement account (if you do not have one, start one). Knowing this information is great, but what about other nontraditional assets that could help financially with your retirement. Many hobbies and skills can be turned into financial income before and after retirement. Some examples would be collecting antiques, teaching music lessons, restoring cars, writing novels, and more. Think about what your passions are and make a list of them. Circle an item if you see that it can be used to help your money flow later on. If you have a short list do not worry, write your hobbies and passions down and you are sure to have one untraditional ‘asset’.