How to Break an Online Addiction


Since its inception, the Internet has been seen by many as both a help and a hindrance. The web has made it much easier for people to find information, for students to learn and for people to share stories with others. But, it has also created a new world of addiction. Online addiction comes in many forms, including online gambling addiction and online investment addiction. Online investment addiction is a common complaint Mark Matson addresses with advisers and/or clients.


Inform Your Family


If you have created separate investment accounts online from your spouse, this could be a sign of addiction. You should tell your spouse about the accounts immediately and give them access to the accounts as well. Whether this includes providing them with the username and password or adding them as an authorized user, they can likely help you with your addiction to online investing.


Set Limits


It is typically very difficult to break an addiction, especially when it comes to the Internet, which tends to be so readily available. You need to set limits for yourself and must stick to them or you might never break the cycle. If you use a computer for work, limit the time you spend on your investment accounts while at work. Make it a rule that you don’t access them at all while at work. When at home, try to spend as much time off the computer as possible and with your family.


Don’t Use a Computer for Fun


Anyone with an online addiction should shy away from using their computer for fun. Use it simply for emails, work and to pay bills. That’s it. Remove all computer games from your device and don’t even check your social media accounts on the computer. The more your computer entices you to use it, the more likely you are to deepen your addiction.


Monitor Your Progress


Always monitor your progress. It helps remind you how far you’ve come in the battle with online addiction. For example, take a look at the time you allotted for online usage for the week. If you allotted eight hours and only used six, you are making progress.


3 Smart Strategies for a Comfortable Retirement


No matter how long you’ve been in the workforce, everyone typically looks forward to the day when they can retire. For many people, it will be a very joyful day when they can finally ditch the desk job and start traveling the world.


Despite your dreams for retirement, the unfortunate truth is many Americans just aren’t saving enough. When it’s time for you to retire, will you have enough saved up to live comfortably? Or, will you have to take up a part-time job to get by?


Consider the following tips from Mark Matson to help you on your journey towards a comfortable retirement:


Start saving as early as possible


When you’re in your twenties, saving for retirement is likely the last thing on your mind. But, this is the time to start saving. Most twenty-somethings have fewer bills and responsibilities (such as children) and are able to contribute more to their retirement. You should enroll in a 401k or Roth retirement savings plan as soon as you are eligible to enroll. The longer you save, the more you’ll generate from compound interest.


With that said, it’s never too late to start saving. If you haven’t saved anything in your twenties, start saving now. As a general rule of thumb, you should be saving 15 percent of your income. You should save more if you’re getting a late start.


Make a plan


It’s not always enough to save for retirement; you may also need a well-formulated plan. Calculate what you expect your living expenses and savings to be when you retire. There’s a difference between living comfortably and lavishly. You’ll likely need to make some cuts so that your money will last you through your golden years. Once you know how much you’ll need, create savings goals and develop a plan for how you will achieve them.


Don’t withdraw early


You never know what life will throw at you. While you may encounter unexpected medical bills or rising debt, it’s important to not prematurely withdraw funds from your retirement savings. Not only would you be taxed on what you take out, but you could also face a penalty for the early withdrawal. You should have a separate contingency fund to help cover the cost of emergencies and things you didn’t plan for.