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| Personal Finance Our contributing Advisor, Jenifer Madson's "A Financial Minute" newsletter posted weekly for discussion. Have your own thoughts to add on personal finance? Post a new thread! |
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When you choose to make an investment, in a mutual fund or stock for instance, you make a series of decisions.
First, you decide to invest. Then you choose the vehicle in which to place your trust. That decision is driven by many factors: rate of return, area of investment, maybe social consciousness. Then you commit to systematic investment. You watch for the returns, and analyze how the investment is doing over a period of time. Depending on the performance, you go on to make other decisions, such as whether to hold on to the investment, or re-allocate the funds. All in the interest of financial success. How about your personal or business success? Are you being as diligent at getting the best possible returns on those investments? Take A Minute: Pick an area of your life for which you’d like to see a better return. Make A Minute: Use the steps above, as though you or this goal were its own stock, and record the results. For many people, success comes as a surprise, instead of an inevitable consequence of consistent effort. Be very clear about where you're trying to end up— whether in your investment of time, money, or other discipline—consistent in your efforts, and conscious of what brings success on your way. Resolve to duplicate that success, and you'll be amazed at the return over time.
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Jenifer Madson Financial Success Coach www.afinancialminute.com |
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