How do you manage your money? Do you manage with products or strategy solutions?? There are 3 key concepts that I believe are important to keep in mind.
First is the lost opportunity costs, which is the amount left over after you subtract the decision you made from the most valuable decision available. What’s left is what you missed out on.
Secondly, build momentum in your plan. Or in other words, having your money do more than one job.
And finally, having active money management for downside protection. What do you do when the market is taking a nose dive? It’s important to have a strategy in place to roll with the market’s ups and downs.
These concepts are important to make sure that your plan is set up for success and has that resiliency built-in. What kinds of strategies do you have in your plan?
