Episode #42: Saying One Thing But Doing Another With Your Investments

Today’s Prep:

Do you follow through on your investment plans and goals? Maybe you think and say one thing, but then never get around to making it happen. Does your retirement plan reflect you and your values? Let’s make sure your goals and actions are aligned in this episode.

(Click the featured times below to jump forward in the episode)

Equipping Points:

Have you ever said one thing but done another? Maybe you had the best of intentions, but the reality just never caught up to what you were saying was going to happen? Unfortunately, this happens a lot when it comes to finances. You might be striving to do all the right things but completely overlook major details.

For instance, maybe you are the type that looks constantly for good deals but then fail to understand what kind of fees you are paying on your investments. Those with variable annuities are especially prone to this. How much are you paying in fees and do you like the benefits you’re getting?

What about your investments? Do you know if you are conservatively or aggressively invested and does that align with your investment goals? Or are you just guessing when choosing investments and hoping for a different result? What about your plan for retirement? Do you have one?

Make sure what you say you’re doing is actually what you follow through with so that you are best set up for success in the future.

Listen to the full episode or click on the timestamps to hear David further discuss a particular concept.

0:48 – When the meticulous saver and coupon cutter doesn’t pay any attention to investment fees.

2:15 – When someone has a low risk tolerance but they have no idea that their portfolio is full of risk.

4:15 – When someone loves their spouse but doesn’t make sure their spouse is taken care of after they pass away.

5:36 – When someone wants to retire as soon as possible but hasn’t made a plan.

6:58 – It’s foolish to retire without knowing about your retirement income.

 

Today’s Takeaway:

 

Additional Resources:

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