The fitness analogy is right on. In both money and fitness, it's easy to do a bunch of disconnected things never really accomplish much. Eg. In fitness: one month you try yoga, then cutting carbs, etc. Or in investing: buy some tech stocks, then gold, then try building a budget that you don't follow.
You put it well here that, if you want to accomplish something serious, you need to work backwards from your goals.
Stephen Covey put it similarly: "Start with the end in mind"
I'm realizing as we get closer to retirement that we should have done a better job at defining the actual goals. We could have spent more and enjoyed more adventures instead of just stacking as much as possible in the accounts.
Love how you reframe the conversation away from chasing investments and back toward having a clear destination and route. The GPS analogy is great! This is the kind of guidance that actually helps someone build freedom on purpose.
The fitness analogy is right on. In both money and fitness, it's easy to do a bunch of disconnected things never really accomplish much. Eg. In fitness: one month you try yoga, then cutting carbs, etc. Or in investing: buy some tech stocks, then gold, then try building a budget that you don't follow.
You put it well here that, if you want to accomplish something serious, you need to work backwards from your goals.
Stephen Covey put it similarly: "Start with the end in mind"
I'm realizing as we get closer to retirement that we should have done a better job at defining the actual goals. We could have spent more and enjoyed more adventures instead of just stacking as much as possible in the accounts.
Love how you reframe the conversation away from chasing investments and back toward having a clear destination and route. The GPS analogy is great! This is the kind of guidance that actually helps someone build freedom on purpose.