Thoughts and observations for those investing on their own or contemplating doing it themselves.
If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Thursday, September 9, 2010
Soccer and Personal Finance
Soccer, personal finance and creativity - what's not to like? Rupee Manager shows how the different parts of a soccer team relate to the different parts of a financial game plan.
In my opinion, it is a terrific way to turn on the light bulb for many people who focus on only one part of their finances and think they have all the bases covered - like the soccer team with excellent strikers but glaring weaknesses elsewhere.
My posts from the last 2 days are related, especially the bottom line showing the impact of increasing your saving rate, working slightly longer, and getting a bit higher return on your investments. Many times, it's not about just doing one thing well but doing several things in small increments.
I believe Rupee Manager's succinct post is worth sharing in the classroom with young people learning the basics of financial literacy. What do you think?
Posted by Robert Wasilewski at 7:45 AM
Labels: DIY investing, Personal Finance
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Good post by Rupee Manager. Helps people visualize asset allocation and the different roles on money management.ReplyDelete
I agree. One of the difficulties people have is they get wrapped up in the minutia of finance (of which there is a lot) and miss the big picture. Rupee Manager does an excellent job of providing perspective.ReplyDelete