{"id":2994,"date":"2022-12-20T15:07:28","date_gmt":"2022-12-20T20:07:28","guid":{"rendered":"https:\/\/www.thewealthguardians.com\/staging\/3023\/?p=2994"},"modified":"2022-12-20T15:09:17","modified_gmt":"2022-12-20T20:09:17","slug":"improving-your-financial-health-is-not-very-hard","status":"publish","type":"post","link":"https:\/\/www.thewealthguardians.com\/staging\/3023\/improving-your-financial-health-is-not-very-hard\/","title":{"rendered":"Improving Your Financial Health is Not Very Hard"},"content":{"rendered":"

<\/p>\"\"\u201cKeep it Simple, Stupid\u201d is a great approach to organizing your finances<\/em>\n

The best approach to organizing your finances is the KISS rule: \u201cKeep it Simple, Stupid.\u201d\u00a0 \u00a0While some details such as constructing the right asset allocation to meet your goals require experience and expertise, the basic concepts are not that difficult. There are relatively simple and straightforward ways to improve your financial health. If you look at this list and need help implementing it, consider leaning on a trusted financial advisor who does thorough financial planning.<\/p>\n

Banish Toxic Debt<\/strong><\/p>\n

Work to eliminate all credit card debt. Consolidate accounts and create a realistic plan to rid yourself of insidious and toxic debt.<\/p>\n

Streamline Your Investments and Reduce Costs<\/strong><\/p>\n

Two factors contribute greatly to your returns and risk: asset diversification and investment expenses. Asset diversification, especially with professional guidance, helps you avoid putting too many eggs in one basket.<\/p>\n

The cost to run your portfolio (e.g., mutual fund fees) affects how it performs as high costs can eat away at growth.<\/p>\n