Women are notorious for putting off making important financial decision or even facing their financial life, why? The most common answer is “I don’t know enough” or “I don’t understand it all.”
As a result they hold off and procrastinate until a crisis forces change (not a great strategy).
So how much do you really have to know in order to make progress with your investment? It really all starts with three simple steps:
- Know how to read your statements: Come to us and we will gladly coach you through these statements so that each month you are crystal clear as to what your money is doing for you.
- Know what returns you are trying to achieve: We have determined a number of factors that can help you achieve financial independence, one of those factors is your “Average rate of return” If you can’t remember this number ask us. This number should be your guide as to how well you are doing because it’s really all about you achieving your goals.
- Know the function of each of your investments: You don’t necessarily have to understand the inner workings of the investment but you should know whether the investment is designed to protect your principle, generate income, grow at a steady pace, reduce risk or provide tax deferred growth.