What do you want do?

Being passive, aggressive about your money guarantees failure

You put your money in an account that has no guarantees, usually a 401(k) or something ‘qualified’, and expect something magical to happen. What are you expecting? Enough money to live on from the day you retire until you die?

People, it will never happen this way. Systematic, stealth deposits from your paycheck with no taxes, investing in stocks and mutual funds with no clue as to how much risk you have. It sounds great, but will this strategy pay off?

You must actively be involved in your money’s future.

Here is your action list:

1. Re-assess your risk semi-annually. Complete a risk questionnaire for your portfolio analysis to remind of you of your reasoning behind your investment and protection choices. [Click here to download]
2. Analyze your cash flow quarterly. Take a look at your last 3 months checking account and income statements by using a cash flow analysis worksheet. This exercise could make you realize that your money is flowing in the wrong direction. [Click here to download]
3. Save More Money Every Month. I don’t think I have to say anything more about this.

We all want to get to a point in our life where do not want to worry about money, RIGHT? I do. You have to keep some of the money you are making now to achieve this dream. The whole point is to live off the money you earned while working OR to live off the income from businesses or assets you built or purchased.

I am luckier than most. I own my own business and I was blessed with parents that told me not to do the usual. Being non-traditional is in my blood. Doing things different is what has made me successful. If you continue to do what everyone else does with their money - being passive, being satisfied with meager savings, being susceptible to volatility in their investment portfolio (which has a lot more involved that just stock markets) - YOU WILL LOSE THE GAME, YOU WILL END UP IN EGYPT, YOU WILL WANT MORE FROM YOUR GOVERNMENT, YOU WILL NOT HAVE THE FREEDOM THAT YOU DESERVE.