In today’s society, there are many, many things that we feel we need.  But in reality, many of those things are not needed, they are wanted.  To be clear, there is nothing wrong with wanting things!  In this episode of Financial Clarity for Doctors, Rachelle and Corey will chat about how to differentiate between needs and wants in your life to help keep things in perspective.

This can apply in many areas of our lives including:

• Housing – Yes, we all need a roof over our heads. But beyond that, how much house do you really need?

There is nothing wrong with spending money on things that you want and enjoy.  Where we run into trouble is when we overspend by telling ourselves we need something that we don’t.  Housing is a great example, where we can decide we “need” a 2,500 square foot home when a 1,700 square foot home may be very livable.  If you can afford that 2,500 square foot home – go for it!  Just keep things in perspective!

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.