When it comes to investing and building our wealth, we can’t control whether the market goes up or down. We can’t control whether interest rates fluctuate or what decisions the Federal Reserve will make for key interest rates. We can’t control whether the economy is heading into or out of a recession nor can we control what happens in Greece or China. We can’t control what happens with inflation, the price of gasoline or the cost of our basic food items. The list goes on and on.
Thankfully, these items actually have little impact on our retirement plan, college savings strategies or any long-term financial goal for which we are saving.
As you might guess, building our wealth has a lot more to do with the things that we can control.
So, if you want to be on track, in control and achieving what matters, then you need to focus on
what you can control. The remaining rules of BetterWealth are disciplines you can control.