Goals based investing is a great way to make wise financial decisions when you are overwhelmed by the choice in investment options. Tony talks about how to navigate the myriad of investment products available today by clarifying what you are really aiming for in the future.
KEY TAKEAWAYS
- A variety of financial goals such as retirement, home purchases or saving for a child’s education can be specified specifically to make choices on investments.
- Focus on the long term. You are less likely to make impulsive, short term decisions.
- Have a disciplined approach to investing to avoid spoiling your progress with spending sprees and costs.
- When you have a concrete set goal you have increased motivation. Set yourself realistic goals.
BEST MOMENTS
‘Goals should be clear, concise, detailed and written down because, remember, unwritten goals are just wishes.’
‘In order to achieve all of your goals you will need a plan. Starting from assets you already have available, you will need to determine how much more you will need to accumulate and when you will require it.’
‘Decide what you want to achieve. This may seem obvious but it is important to take the time to really think about your goals.’
‘Give yourself realistic deadlines.’
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony’s official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
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