One of the core tenants of a strong family focus is FREEDOM. Here in the United States, we are free. But not all of us live in freedom in certain areas of our lives…such as our Finances and Health. We discuss those areas primarily here.
Investing or Gambling? This isn’t an either/or question for you. It’s a question about which of these money management approaches you use when it comes to how you invest your money. For many people, it’s more of a both/and approach. You see, for many people, putting money into retirement accounts, 401ks, IRAs, or anything similar is like an investment and a trip to the casino all at the same time. It feels like investing to them, but the way that they think of money and what they understand about what they’re doing is a lot more like gambling. The average investor simply doesn’t understand the rules of the game and their main approach is to rely heavily on “hope” or “good luck” to win in the end. After a decade of working in this industry (I am retired now), I can tell you that this is not a compliment, nor a good thing. So here’s how you can make sure that you’re doing it right. […]