Episode 9 is all about INVESTING convictions and the EMOTIONAL afflictions that come with market volatility. The first step is knowing your number.
How much do you need for that vacation?
How much do you to buy a house?
How much will you need to retire?
As we have written about before, the magic of compound interest is the driving force behind the power of investing in 401ks, IRAs, 457s, 403b plans, etc. Simply put, if you are not investing your money for the long-term, you will be SIGNIFICANTLY less well off than if you did. However, the process is much more complicated than simply contributing money. You have to pick your investments, and then you have to adjust your strategy as your priorities change. While all this is happening, major headlines are pulling at your heartstrings, friends pretend to experts with conflicting advice, and your 401k broker is having a hard time emailing you back.
You are not alone, and that is why we made this episode. For many, investing is a firmly held belief or opinion which also causes stress, pain, and suffering. However, it does not have to be that way!
Watch as we share our tips and tricks to help enable you to secure your future without developing anxiety issues!
If you have any questions or comments, let us know in the section below, and I will respond! Who knows, it might even make it onto our next podcast!