How we doing? Are you getting anxious about where the summer’s gone? Don’t worry. There’s plenty of time to do what you want to do. A close family friend is staying with us before heading out to Nantucket for a few days. The weather’s been gorgeous in Newport, RI. Not Tuesday, though, where the wind was howlin’ to the point the sailboat races were canceled. That never happens because of wind.
How can we survive in times like these? That’s on my mind this morning. My simple solution is to just keep moving forward. You don’t need to save the summer in a day. Pressure is a terrible emotion, especially with investing. The beauty of having a plan is it removes pressure. You don’t have to think. You just do.
For investors with a balanced portfolio, bonds are suddenly paying 4% or more and are probably about to get even better. Keep investing. And if you’re not retired, keep working and saving. Imagine making $400 at a part-time gig in retirement. Run the numbers. If you save $10,000 at 4%, that’s $400. That’s winning. Add some zeros, and you quickly see how valuable you are.
You didn’t get here by spending. You’re a saver through and through. Compound experiences like you do your money, and you’ll look back over a year or two and think, “Wow, I did a lot.” You can do this. Let’s go.
Action Line: Keep it simple. Believe in yourself. I do. If you need help building a plan for your savings, click here to get in touch with me. I’d love to talk with you.
E.J. Smith - Your Survival Guy
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