Winning At Investing

Investing takes patience. It also takes a mindset.

You hear about your friend’s big investment win. You see the car he bought or the trip she took, claiming it was from some hot stock pick. How do you react?

Do you start to doubt your strategy? Do you fear you’re losing in some way? 

When you feel this doubt, look at your lifetime returns.

Has it risen? Has it…

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Betting On The Next "Can't Miss" Investing Trend

When you see the next big investing trend skyrocket in value, do you buy in?  

If so, why? 

Do you believe it will allow you to escape your job? Do you see it as a pathway to explore your dreams? Have you convinced yourself this trend is somehow different than all the other bubbles of the past?

Instead of buying in, maybe it’s time to return to your life goals.

Your investing strategy should mimic those goals, providing you with the expected returns that will provide the funds for your future.

If that investment you made into the next big trend plummets…

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It Takes Time

A word of warning: getting your financial house in order takes far more time than you expect. 

That doesn’t mean you should avoid it.

While everyone wants to put a dollar value on their time, the benefits of understanding these numbers will outweigh any dollar value you might lose by accurately understanding your true worth.

Moving your investments around so they’re in the right vehicles, invested in the right funds with low fees will provide you comfort knowing you secured future income.

If you’re not trying to beat the market, then all of this can be done…

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The Power of 1

Think small changes can’t make a difference in your finances? Then think about the power that the lowly number 1 has in building your wealth.

By upping your savings rate by just 1% a year, you can increase it from 10% to 20% in ten years, vastly improving the probability you can safely retire one day.

Saving $1 more per day can save you $30 more a month, and $365 more a year.

Having one car versus two can save you over $800 a month, on average, or nearly $10,000 a year.

A difference of 1% in investment fees can result in a difference of hundreds of thousands of dollars by the time you retire.

Imagine…

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Meddling With Your Finances

We’re natural meddlers. We want to tinker. We see something that doesn’t quite work right, and we want to find a way to do it better.

It’s what created self-help. We see people tired of their jobs, sick of low pay, need new outlets for creativity and an entire industry has grown from advice.

It’s inherent in being human, engrained from childhood. If something doesn’t work this immediate moment, how can you do it better? It’s a natural impulse.

This tinkering has led to technological innovation, allowed us to reach the moon, and cure cancers. It’s a human marvel!

Except when it comes to finances

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Experts & Speculators

Be cautious of anyone claiming they know exactly what will happen.

When bitcoin hit $20,000, there were “experts” claiming the rise would continue.

When stocks stumble, “experts” claim you should immediately sell.

When the Federal Reserve moves interest rates, “experts” claim it will upend the economy.

If these “experts” actually believe what they’re saying…

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Beating Your Neighbor

Want to do at least as well as your neighbor?

It’s not a riddle, a secret or even that difficult:

15% of your income + broad based index funds = Market Returns

If you stick with that formula when investing then, overtime, your money will grow faster than inflation. And if your neighbor does the same, then your money will grow in lock step with his.

If you want to outperform your neighbor…

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My Money Regrets

Why didn’t I invest more in my 20s, when the impact of compounding would have been even greater than it already will?

Why didn’t I ensure I earned the company match in my first 401k, losing out on the free money?

Why didn’t I look towards homeownership earlier since it’s one of the best buys of my life?

Why didn’t I read more, beyond the basics of finances, as my professional career began?

Why didn’t I diligently budget when I…

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