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Michael Hutton

Retiring wealthy? You still need a budget

Drawing up a budget and sticking to it is essential for wealth creation, regardless of income level.

Michael HuttonContributor

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Achieving financial comfort in retirement means establishing a budget well before reaching exiting the workforce.

Having extra money, and a plan for where to put it, is what creates wealth over time. While this may sound fairly obvious, it is surprising how many people don’t really think about wealth in these simple terms.

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    Original URL: https://www.afr.com/wealth/personal-finance/retiring-wealthy-you-still-need-a-budget-20240223-p5f7fl