“A vision without a strategy remains an illusion.” Lee Bolman
While the quote above applies to almost any situation in life, I’ve found it to be most useful when it comes to money. For example, if you want to buy a new car, you will need a strategy for the down payment. Want to avoid falling into a retirement trap. You guessed it. You need to have a long-term strategy.
But, how exactly can you develop a winning strategy for your money? Well, here are seven ways to get you on your way.
1. Don’t Invest in Anything You Don’t Understand.
“I’ve worked super hard for my money and don’t gamble it on investments I don’t understand,” says Grant Sabatier, founder of Millennial Money. “So many people, especially now that they know I have some money, try to sell me stupid investments. I don’t listen to pitches unless I solicit them.”…