Empowering You to Live Your Best Financial Life
Our expertise in financial, investment, and retirement planning will guide your path to financial fulfillment.
Pay No Attention to the Financial Media
The old school big firms in the financial industry make their stock market money one way. By processing transactions. They don’t care if you are successful as long as you do something and pay them a fee or commission.
Invest Everything Above Your Savings Target in Your Long-Term Portfolio
Your Savings Target is the amount you want in savings so by definition, anything above this amount should be invested in your Long-Term Portfolio.
Do What’s Always Worked
When tying your future wealth to something through investment, be sure what you are doing has always worked in the past. Don’t be distracted by the odd strategy or “opportunity.”
Be Optimistic
Things will improve, we just don’t know how. That’s what I mean by being optimistic and this is most important when markets crash.
Be Patient
I’m so glad that today’s culture has finally given a name to something that has killed many investors in the past. FOMO. When you hear about the fear of missing out, doesn’t it make you realize that this is something you should not be concerned with?
Be Diversified
We’ve all heard that we should be diversified, but what does that mean? It means to own a lot of things that you expect to do well over time but that don’t always do well at the same time.
Have an Investment Philosophy
Here’s how most people invest: Act on impulse, React to things they see in the news, Do what their friends are doing, Do their own research and convince themselves they can see what the future holds, Bet their life savings on tips and hunches. Don’t be like most investors!
Create a Savings Target
Your savings balances may fluctuate a lot during the year depending on stock vesting, property or income tax payments, and many other things. But your Savings Target should not fluctuate.
Build Margin of Error in Your Cash Flow Plan
Life Happens. No matter how much we plan or how much confidence we have in the future, it almost never turns out exactly as we expect. It might be fun to say you plan to die with nothing in your bank account but it’s not realistic.
Keep 5 Years of Net Cash Needs Out of the Market
Because we never know what the market will do in the short-term, we should not have any money invested that we plan to spend in the next 5 years.
Understand How Big Financial Changes Affect You in the Long Run
At least once each year you will likely experience some big financial change. It could be a large stock award or having a baby. Or it might be missing out on a bonus round or a major repair on your home.
Have a Cash Flow System
Every dollar you have should have a job. If you aren’t giving a job to every dollar then your dollars are working against you.