In a typical cross-country flight, the plane is on autopilot 98% of the time. Does this mean the pilots are unnecessary? I don’t know about you, but I want an experienced pilot in the cockpit to fly the remaining 2% of time and to immediately take over if there’s a problem. Managing your finances is…
Read MoreIt’s Time to Invest! Now that you’ve created separate investment accounts for each of your major goals, identified the best Investment Strategy based on your Investment Personality, and classified your goals based on their timeframe, it’s time to get down to business. It’s time to invest! To help you reach your goals as quickly and…
Read MoreYou’ve heard the saying, “Time is money,” right? When it comes to investing, it’s absolutely true! The more time you have to reach your goal, the more your investments can help you. But before you can create an asset allocation and start buying mutual funds, you need to determine the initial timeframe for each goal.…
Read MoreEach Investment Personality requires a specific Investment Strategy. If you have a Hands-Off Investment Personality, you aren’t going to want to read the Wall Street Journal every morning, track the Federal Reserve’s decisions, and perform regular research on your investments. Likewise, if you have a Consumed Investment Personality, there’s no way you’re going to be…
Read MoreWhat’s Your Investment Personality? Do you read the Wall Street Journal every morning and actively monitor your investments throughout the day? Or do you want as little to do with your finances and investments as possible? Maybe you’re somewhere in between these two extremes… One Investment Personality is no better than another. They each have…
Read MoreThe First Step to Investment Success If you’ve created your goals, this step should be easy. You’re just going to create separate investment accounts for each of your goals. There are dozens of account types to choose from. For most of your goals, you will want a plain vanilla taxable account or, if you have…
Read MoreThe single greatest formula that will help you attain the life of your dreams is your ability to spend less than you earn, save consistently, and invest with a purpose. You’ve already identified the life of your dreams and aligned your income with your goals. The next few lessons will introduce you to Purpose-Driven Investing—a…
Read MoreDoes Purpose-Driven Investing sound a little too touchy-feely for you? Don’t worry, it has many real-world benefits. Benefits of Purpose-Driven Investing: It fits your personality. Trying to fit a square peg in a round hole usually ends in frustration and failure. Many investors have been trying to do just this. Not all of us have…
Read MoreHow We Achieved Our Goals as Kids We can learn a lot from our youth. Do you remember what it was like to save for a goal when you were younger? I didn’t get an allowance, so I earned all my money. The process was the same every time. I would get an idea for…
Read MoreInvesting in the Age of Information The average investor has more data and information available at her fingertips today than entire investment departments had twenty years ago. The Internet and software has opened the floodgates and unleashed more investment information to you, the consumer, than we’ve ever had access to before in our history. Do…
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