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Take the Points!

Every Try Matters

How often do we see teams pass up opportunities for easily kickable points in favor of a quick tap or lineout, and end up with nothing? Aggressiveness is important, but only in the right circumstances. Sometimes, it is just better to take the points.

Having a smart approach to winning is important both on and off the pitch. When it comes to tackling your finances, never forget to take the simple approach on certain things. If you are graduating in the coming months and have found your first job or you are well into your career looking for a new opportunity, you may not be thinking about the financial ramifications of a move but it essential to start planning ahead.

Here are four tips to making sure you take every point.

1) Start Saving Early

It’s never too early to start putting money into a 401(k), especially if your employer is offering a matching contribution. It is important to find out how much your company is willing to contribute and make sure that money does not go to waste. A 401(k) is a great way to save for retirement and a company match will go a long way in increasing your retirement savings.

2) Keep Up With Student Loans

You may feel like you are behind and need to be aggressive but it is early in the game! There are several different strategies for attacking student loans. First, a slow and steady payment method can gradually pay down the loan and improve your credit score. Another option is to consolidate your loans to lower interest rates. Be cognizant of the different options and take advantage of any easy opportunities to improve your situation.

3) Build Credit, But Manage Your Credit Cards Carefully

Credit cards are a great way to build credit when used sparingly. Putting small monthly purchases on a credit card charges (like gas charges) can help set you up for bigger purchases down the road.

4) Make a Plan

In rugby, you know the instances where you should take the points. You have carefully strategized and just need to execute during the game. The same can be said for life. Make a plan and implement that plan. In both cases, you might need to adjust your game plan based on unforeseen events. Be sure to revisit your game plan from time to time to ensure that you are setting yourself up for an easier end game.

“Taking the points” early in a game or in life is essential to winning. Building an early lead could provide a comfortable stroll to the final whistle or to retirement as well as provide you the resources you need to get over the hump as time is expiring.

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This article is provided for educational purposes only and should not be considered financial advice or strategy. Depending on individual circumstances, the strategies discussed may not be appropriate for your situation. You should consult with a qualified financial adviser about your specific circumstances and individual goals.