Wealth management is often a complex and stress-ridden task. By learning to track your portfolio in a simpler and smarter way, you’re in a much better position to reach your financial goals and alleviate the ensuing stress.
Read the following four and a half tips to become a smarter investor and ease your path to retirement and beyond:
To reach your expected future net worth, you must first determine your current location on the wealth map. From there, you’re equipped to create a realistic plan to achieve your long-term financial goals. Account aggregation gives you a real understanding of your total wealth.
Once you’re able to “drop a pin” on your current and future net worth, evaluate your risk profile to determine if you should expect to achieve your financial goals within your estimated time frame.
Studies have shown that if someone showed you a photo of yourself and then digitally aged your face to depict what you might look like later on in life, you’d be far more receptive to changing your current spending and saving patterns in a discussion regarding your future net worth. Try envisioning your future self now to set yourself up for success. What you do today and what you did yesterday determine your tomorrow.