Have you ever noticed that you become like the people you spend time with? The longer you’ve had a relationship with someone, whether it be a family member, friend, or neighbor, you tend to pick up their habits and tendencies and be drawn to their hobbies and passions. There’s nothing inherently wrong with this, except when it comes to your finances.
The stock markets do not like uncertainty, as uncertainty provides the markets with volatility. Volatility changes investors’ raw emotions, and emotions cause people to make rash decisions.
many people don’t treat their finances with the same seriousness as they do their health. Let me explain why this matters.
When you know enough about your finances to be dangerous, you could get into some tricky situations.
How do I pay as little tax as possible over my lifetime?”
We are often told that we need $-X amount for a 20-year retirement, or that we should contribute $-X amount to our 401(k).
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