Aired: 7/18/2015 10 AM:: Risk Vs Reward If you want reward you have to take risks. Take risks that are appropriate for yourself Asset Allocation- Money in stock vs bonds vs cash. Habits for Financial independence 1- Avoid Consumer Debt. Pay Cash for stuff. 2- Ignore the Jones. Don't try to keep up with friends and neighbors. Spend less than what you earn. 3- Pay yourself first.(401k, Roth RIA) 4- Keep Investing. 5- Be Flexible How to Retire Happy Are you Ready to Retire? Practice retirement before you retire. How will retirement change your life? How will you keep money coming in? Your expenses. What will your budget look like in retirement? Moving out of USA for Retirement? Taxes?