During my life as a Financial Life Planner, conversations often revolved around investment performance, especially after a poor year in the markets.
The central question always arose: How does one measure performance? Is it based on daily, weekly, monthly, quarterly, or annual increments? Or is it in relation to the overall goal?
For example, if you’re in your 20’s or 30’s and your investment is geared for retirement (say at age 68), does it matter if the numbers are up, down or flat? There’s a perspective here in which to apply—if the goal is two years away, it might matter a great deal.
The same idea applies to Chapter X and how you approach this period in your life. By examining what is important to you, you probably should be looking at it from the perspective of at least time and health.
If your attitude is “I’ll do it later…” perhaps you need to examine the probability of success based on your current situation. Can you afford to put off the things you want to do? When is it too late?
Just sayin’
