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You know those things you tell yourself you should do – eat healthy, work out every day, sleep eight hours – but struggle to get done? We all do it, and skipping over financially healthy habits is another common way to cut corners.
In this episode, we’re running through five actions that we see many of the people we’ve met with skip, even though they’re essential to overall financial well being. Most of them are small, simple fixes, from making sure your estate plan is up to date to tracking your investment performance.
Overlooking seemingly small aspects of your financial life now is just like skipping flossing or skimping on sleep – they don’t have a huge impact immediately, but can really affect you down the road. Tuning up your financial habits is a good way to keep yourself in good shape for the long run.
On another note, we’d love to see and hear how you’re listening to the podcast. Walking the dog? On your commute? Let us know!
Facts and Links Mentioned In the Show
- People Don’t Exercise Much More Even If You Pay Them to Go to the Gym from The Wall Street Journal
- Prince’s Estate Issues Underscore the Importance of a Will
- Evernote
- “It’s only when the tide goes out that you learn who’s been swimming naked.” – Warren Buffett
- Every Great Investment Hurts from Morgan Housel
- Connect with Chad [csmith@financialsymmetry.com]
- Connect with Mike [meklund@financialsymmetry.com]
What You’ll Learn in This Episode
- Why you should evaluate your estate plan before and after major life events like marriage, children, divorce, or death.
- Make sure you’re contributing the full amount to your retirement plan – things change year to year and you might be cutting yourself short without realizing!
- How to choose and stick to a disciplined investment strategy.
- Why our tendency to think of ourselves as “above average” can affect our ability to make good financial decisions.
- How to make sure you’re protecting your biggest investments.
- Why it’s so crucial to track the real performance of your investments and make sure your goals and reality are in alignment.
Copyright: andreypopov / 123RF Stock Photo
