PURPOSE

One of the 1st steps to eliminating investment frustration is knowing the purpose for ALL of the accounts you hold.

You see, if you try to use a hammer on a screw you probably would be prepared less than desired results because you are usingthe wrong tool for the job. However, if you take the time to find a screwdriver or a nail, you could now make a proper match and make the task at hand much easier.

Doing the same thing with your financial accounts may not be as easy, but every bit as important.

A good place to start is just labeling accounts, NOW, LATER or NEVER. Meaning,when do you plan to use these accounts?

Just this one simple little exercise will go a long way to establishing the expectations of the account and maybe avoid the turmoil you face everytime you try to hammer in a screw.

That's it for now because I have some homework on a two day training program I'm taking to help my clients save more taxes.

Wish me luck!