From the course: Managing Your Finances in a Financial Downturn
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Understanding your time horizon
From the course: Managing Your Finances in a Financial Downturn
Understanding your time horizon
- Often when we first start investing, we'll have an idea of what we'd love to invest in and how much money we'd love to earn. But seldom, do we remember the importance of taking your investment time horizon into review. When you invest, there are two very important days to keep in mind, the day that you want to start investing, and the day you'll exit the investment and need that money. I want you to pay attention to things that will impact your bottom line. If the news of how the market is doing, what the president is saying and that kind of stuff doesn't really help you, it might instead stress you out and adds to your financial anxiety. Instead, I want you to focus on what really matters to you. Here's what I recommend. Jot down a list of your top five financial goals. These can be pay off my credit cards, buy my first or second house, pay for your child's college education, retire early, or pay for that Hawaii…
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