The 3 best financial moves I’ve ever made

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I’ve made my share of good and bad financial moves over the years, but these are the best.


Key points

  • When it comes to money, it’s easy to obsess over our mistakes.
  • After 25 years of financial experience, I’ve learned that the best financial moves you can make have little to do with money.
  • Investing in yourself, learning the difference between goals and systems, and focusing on the long term can help put you on the path to financial independence.

After that I invested in my first share in high school, I was hooked. Since then, I have experienced the tech bubble, the 2008 financial crisis, the pandemic, and more. It’s safe to say that it hasn’t been smooth sailing all along.

When it comes to money, it’s easy to obsess over our mistakes. However, focusing on what you did well can help you stay motivated and keep moving forward. After much thought, here are the three best financial moves I’ve ever made and continue to focus on making. The great thing about these three moves is that anyone can do them too.

investing in myself

Many people are always looking for the best investment to make money. It can be a stock or real estate. However, there is an investment that many people overlook. It is the best investment you can make: yourself! You are your greatest asset.

I learned that becoming a valuable asset personally and professionally is much more important than my 401(k) account. I lost all my savings during the tech bubble of 2000. By investing in growing my financial knowledgeI learned to invest for the long term so as not to make the same mistakes. When the 2008 crash hit, I saw it as an opportunity to buy stocks at a discount, a lesson I had learned from 2000.

I focused on investing in myself to increase my human capital. Your human capital consists of things like your education, professional experience, relationships, and your health. By investing in obtaining an MBA and multiple professional certificates, I increased my financial opportunities despite the different financial crises I faced.

Learn the difference between goals and systems.

objectives they are needed to set direction and keep you focused. TO system it sets the framework and is the means to achieve its goals. Systems-based thinking is not about hitting a certain number, but about sticking to a process where you can continually build on your progress. Systems help you focus on what you can control.

One of the main financial goals that people have is to save more. Saving $1 million dollars is the goal. Creating a budget to save 20% of your income is the system. Losing 10 pounds is the goaleating healthier and exercising more is the system.

Instead of focusing on a certain amount to save, my system is to invest a certain amount per month (dollar cost average), regardless of what the market does. If my success was tied to reaching a certain financial goal, the financial crisis of 2008 would have undoubtedly increased my stress. But by focusing on my dollar cost averaging system, it helped me keep moving forward and reap the benefits of the market recovery.

Focusing on the long term and the future

When the pandemic hit, the 2020 US stock market crash included the three worst point drops in US history. From February 12 to March 23, 2020, the Dow Jones lost 37 % of its value. The Dow in the financial crisis of 2008 lost about 50% of its value. However, with each dip, the market has rallied, historically generating a 10% annual return.

Focusing on the long term can help prevent emotional and panic selling. Investors who sold out of fear in 2008 and 2020 lost out on the remarkable rally. By staying invested through the financial crises of 2008 and 2020, I was able to see record gains on my investment portfolio. By focusing on the long term Financial planinvestors are more likely to get the results they want over time.

Over the years, I’ve learned to focus on what I can control. I can’t control the stock market, but I can control investing in myself, set up disciplined systems, and focus on the long term. This helped prepare me to take on any future financial challenge and turn it into an opportunity.

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