Financial Investing Radio

FIR 38: Honey...where is MY CLIMBING Gear?

Informações:

Sinopsis

Recently I was on a flight out of Seattle and we passed right next to Mount St Helens. It’s peak jettisoned into the sunlight as it’s base was surrounded by clouds. Such a stunning sight. As I took in the scene; in awe at the beauty of the snow capped peaks, the person next to me stated that he had just been on the top one week earlier. He began to describe the preparations he and his team had done, the gear they took, and the precautions they considered. This got me thinking about the financial climb that we each make. There are multiple steps up the financial mountain which represents different levels of our financial state and awareness, including the following: 1. Unaware financially 2. Aware of our financial state, but missing some tools 3. Doing some budgeting, still difficult to save 4. Saving some but not investing 5. Doing some passive investing, like 401K 6. Actively investing, in the markets or perhaps real estate 7. Trading the markets long term 8. Intra-day short term trading There are beautiful