The Art of Earmarking

This week's blogpost -

This may seem silly, but I do believe it’s important for you to be aware of who you are, how you operate, and what type of financial environment suits you best. Sure, we could poke fun at smaller plate sizes or coloring books during lesson time, but we also have to realize that our success will depend on these types of strategies and approaches that help protect us from our most common financial obstacles.

For me, the art of earmarking is such a key component of my own financial plan. I’d actually argue that it’s often these types of concepts or habits that yield the most meaningful results. Sure, you are most interested in the complex tax strategies or the intellectually stimulating investment approaches, but in the end, it’s the simple blocking and tackling that differentiate financial success from the struggle.

Give it a try. Make a list of what’s important to you - retirement, medical, charity, education, financial freedom, etc. Prioritize this list and see if you can begin to earmark and allocate your portfolio and income to match your priorities.

Let me know how it goes…

Links mentioned in this episode:

• http://thoughtsonmoney.com
• http://thebahnsengroup.com