Holly
Happy Thursday!
Do you recall the lesson from the Children’s story of the Tortoise and The Hare? In the story, there is a test; a race between a slow-yet steady-tortoise, and a fast-yet arrogant-hare. The speedy hare ultimately loses the race, due to his carelessness. The hare learns that he can’t simply rely on his speed to win. The tortoise learns the value of slow, steady progress. The lesson that we’ve all learned, somewhere along the way, is simple: sometimes you can get lucky, but slow and steady always wins, in the end. How does this relate to your financial future?
First: Have a discussion with your future self. Will you respect your decision to buy that brand new car? Would it make more sense to allocate funds to your future self-for retirement?
Second: If your future self wins the internal discussion-that’s the one I’m rooting for-how much money are you going to allocate to your future self?
Third: And, if your future self is still winning-CONGRATULATIONS-how are you going to determine which investments will provide you with the lifestyle you are seeking?
Fourth: How can you keep more for your future self, without paying so much in fees, miscellaneous expenses, and taxes?
Fifth: Are you willing to go the distance, regardless of the challenges you will face along the way?
The tortoise’s victory is a perfect analogy as to how one can stay the course, regardless of-and in spite of-the situation. We, at Coffeehouse, are here to guide you through the challenges along the race called life. You do not need to navigate uncharted territory, or through thousands of stocks and mutual funds. We can help you simplify the process, and help you create order out of chaos. We’ll start the conversation, tomorrow, as to where to go from here. In the meantime, consider your goals for the future. Where do you want to be five, ten, fifteen years from now?
To your future self…and have a great day!!
Lori