Accomplished financial professional Edward Marsi serves as a senior consultant in New Hampshire. When he’s not busy helping individuals and families understand their retirement prospects and meet their financial targets, Edward “Ed” Marsi enjoys cooking.
Below are four common cooking mistakes to avoid:
1. Overcrowding the pan. When pans are overcrowded, they produce steam and prevent browning. This dramatically alters the taste of meat and other items. Always leave enough room in the pan that pieces of food are not touching. If necessary, use two pans or cook in batches.
2. Using the wrong oil. Extra virgin olive oil is great for cooking a huge range of foods. But it doesn’t work with everything. Since it starts burning at a low temperature, it is not suitable for cooking at high heat.
3. Not reading the recipe. Many people read the recipe as they go along, when they should really be reading the entire recipe first. By reading the whole recipe, cooks can get the ingredients and equipment they need without rushing.
4. Not taste-testing. One of the great things about cooking is the ability to toss in extra ingredients or use substitutions. Since these alter the flavor of the dish, cooks must taste-test as they go. Taste-testing is also important for cooks who follow the recipe carefully, because some ingredients or amounts may be off.
A senior financial consultant in New Hampshire, Edward Marsi has worked in the field for more than seven years. In his current role, he provides tools, solutions, and resources to families to help them reach their financial goals. Edward “Ed” Marsi also helps clients prepare for retirement, going through each client’s entire retirement plan so they can find any shortcomings.
If you haven’t saved enough for retirement, the first action you need to take is figuring out how big the problem is. Calculate your monthly expenses. At the beginning, look only at the expenses needed for a basic lifestyle. If you have enough to cover these basic needs, start adding in luxuries to see where you fall short. After you have the totals for your monthly expenses, compare it to the monthly income you expect after retirement.
If the difference is $100 or less, you can make up the difference by downgrading insurance or cell phone plans. You also can cut monthly subscriptions and entertainment budgets so you have enough to live on. It’s also possible to make do with what you have by getting cheaper dinners or lunches a few days each week.
If the gap is between $100 and $200 per month, focus on saving as much as possible. Consider working for an extra few years to give you some extra money. Delaying Social Security benefits also may be an option. If these options aren’t viable, look into moving to a smaller house or apartment. Moving to a cheaper area also can help.
Finally, large gaps of $200 or more need a more disciplined solution. In this situation, cutting your expenses will help, but it won’t solve the problem. Instead, look into working part-time after you retire, or developing extra income from your skills or a hobby. Also, look through your investment portfolio to ensure it is bringing in as much money as possible.
New Hampshire-based senior financial consultant Edward “Ed” Marsi helps clients meet financial goals by leveraging the services available through his employer. When he’s not busy working with clients, Edward Marsi enjoys traveling.
Following are four questions to ask when figuring out where to travel next:
How long of a trip do you want?
Perhaps you only have a certain amount of time for traveling before going back to work. Or you just want a short vacation to get away from everyday life. Either way, the length of your trip limits potential destinations.
What’s your budget?
You can’t visit somewhere if you can’t cover the cost of travel. Even with a favorable exchange rate, food, airfare, and hotel costs may make some destinations too expensive. Think carefully about how much you have for travel and make sure you’ll comfortably cover everything when visiting a potential destination.
Why do you want to travel?
Whether you’re traveling to learn something new, have an adventure, or spend time with loved ones, your reason for traveling affects where you go. Some destinations fulfill certain goals better than others, so it’s important to consider your motivations for traveling.
What’s your ideal environment?
Figure out what your dream vacation looks like – weather, accommodations, and landscape – and find a destination that meets those characteristics. Although an unknown place may be cheaper, it may lack the environment you want.