Why Bother With Bonds: A Guide To Build All-Weather Portfolio Including CDs, Bonds, and Bond Funds--Even During Low Interest Rates (How To Achieve Financial Independence) by Rick Van Ness

Author:Rick Van Ness [Van Ness, Rick]
Language: eng
Format: azw3
Publisher: GrowthConnection LLC
Published: 2014-11-13T00:00:00+00:00

Start With Your Goals.

KEY CONCEPTS:

● Plans only work if you make them

● A one-page plan will do

● Strive for a first draft now; improve it later

● Focus on high-priority goals

If you watch my video tutorials you know that I think everyone should have a 1-page plan that indicates some goals and how much money you will need for them. Write down your objectives and priorities. Don’t worry about correctness. Just strive for a first draft. You can improve it over time.

Key point: The best return on your time (ever) will be the time you spend setting goals.

Does it need to be written? I think so. But written on a napkin would be fine if you’ll promise to look at it at least once a year. Can you remember it instead? No. Write it down. One of your decisions needs to be your ratio of stocks/bonds investments and you’ll be very tempted to change them (in a bad way) every year if it is not in writing.

Start with a list and use placeholder estimates until you can improve them. For example:

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