#60 How to stay on track and avoid shiny object syndrome

Passive Income Project

English - October 09, 2022 23:00 - 41 minutes - 28.4 MB - ★★★★ - 5 ratings
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Previous Episode: #59 Helen and Chace Rankin | How to compound your efforts and fast track your results

Next Episode: #61 Surviving stagflation | Lyn Alden on learning from the past to better invest for the future

In this episode, Ryan and Terry discuss the most important mechanism for developing a sense of conviction and direction for your financial future: your financial plan. It's well known that behaviour accounts for the majority of investor returns, and a well constructed financial plan is one of the most important behavioural tools that exists. And, it is much simpler than we're often led to believe. If you want to know how to avoid the biggest mistakes most investors make, this episode is for you.

Also in this episode:

What a financial plan actually is (and what it's not) The three 'jobs' a financial plan must accomplish The 6 core elements any financial plan should have

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