Posts tagged as:

financial goals

Do you change your investment strategy in a falling market?

by DR

I read with dismay the following from an “investment professional” in yesterday’s Washington Post:
Now is not the time to drink the “buy and hold” investment strategy Kool-Aid. Be conservative, limit your risk–and sleep well knowing your investment principal is not going to continue to decline.

The comment was in response to the following hypothetical question: [...]

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Chess and the Art of Financial Goals

by DR

The objective of chess is to capture your opponent’s king. That sounds easy enough. But as early as the first move, you quickly realize that knowing and understanding the ultimate goal of the game doesn’t help you make your first move. Finances can be the same way. You may have as [...]

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Motivation and Money Tip # 6: Slow Down

by DR

Do you ever bite off more than you can chew? I do. This blog is a great example. When I started it, I planned to write a gazillion articles each day, post 10 comments on other blogs each day, interact with the blogging community daily, and on and on. Then came [...]

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Motivation and Money Tip # 5: Track Progress

by DR

Photo Credit: chefranden
Not everything that can be measured is important, and not everything that is important can be measured. In the case of financial goals, however, tracking progress is an important habit to develop for at least two reasons:
Mid-course corrections: Tracking progress allows us to see if we’re moving in the right [...]

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