In another scenario, one might be challenged with affording their current lifestyle versus ensuring that the same quality of life will exist after they retire. Once again, this requires balance. You have all heard the rule of thumb on this; save 10% first and live on the rest. By striking this balance you can ensure that you do not jeopardize your future self for your current self.
Another point of balance is in how you treat your money sources, both savings and income. You all understand that you cannot spend more than you make, and you take careful effort each month to ensure that you do not out-spend your income. However, in the interest of balance, you should be equally careful of how you are “spending” the money that you have saved. For example, if you have a lot of money sitting in cash or have bought into a bad investment, you are effectively diminishing what your future self will rely on for income.
The bottom line here is that planning for retirement requires balance. It is not that you should save everything, but to save enough. It is not that you should never pay off debt, but to ensure you are saving for the future as well. You can balance your lifestyle with your savings, your debt with your investments, and thereby balance your present with your future.
At Strategic Planning Group we have learned that by balancing the various incomes, savings, debts, and spending, people can have enough for now and later. This can eventually amount to you being able to live your Perfect Calendar in retirement.