A few months ago, our five-year old daughter Alyssa started picking out her own clothes. Some outfits don’t match very well, but she was so proud of herself that we are letting her run with it. It’s good for her to begin learning from her own, great and not-so-great decisions. That way, we hope she’ll be better prepared for when her choices begin to matter.
For example, it’s one thing when you’re wearing mismatched socks. It’s quite another when your stock risks are misaligned with your need to build or preserve your and your family’s personal wealth. By the time you’re making decisions about your financial well-being, there are real consequences if you make bad choices that don’t complement your financial goals.
That said, as we touched on last week in “Our Ode to Simplicity,” investing doesn’t have to be overly complex to help you put your best foot forward. In fact, we believe that elegant simplicity (sophisticated, yet simple) is the key to building and maintaining a personalized financial plan that will remain timelessly well-suited for you and yours.
How else can you simplify your financial life? For starters, keep reading this blog.