HOW TO INVEST SERIES|3: Goal Based Investing
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HOW TO INVEST SERIES|3: Goal Based Investing
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Investing without goals is like getting in your car, turning on the engine and just driving aimlessly into the distance. Eventually you are going to get bored, distracted and just give up.
Hopefully you have a number of things you want to achieve in your life. Some of these things are going to need a financial commitment- you're going to need to plan, save and invest to make them happen.
However, should we treat all your goals the same and just bundle them all together?
In this episode we go through why we shouldn't do that and we also discuss:
-Why you need to have clarity on what you want to achieve, when you want to achieve it by and how much it is roughly going to cost.
-Why your investment horizon determines your investment strategy
-Which types of saving environments are most suitable for shorter term goals VS longer term goals
Letting your goals drive your investment choices will not only keep you motivated but it will also keep you consistent through the highs and the lows of investing!
For more information head over to www.theexpatblueprint.com
