From the course: Managing Your Personal Investments
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Buying options in life
From the course: Managing Your Personal Investments
Buying options in life
- Here's a secret about big investment companies. They're all trying to get wealthy people to move their pile of money to them. That's why most retirement ads feature a happily retired couple at their beach side home. For many people, this is just too big, a conceptual leap. The ideas most associated with investing are wealth, retirement, interest. And when you're younger, not wealthy and maybe living paycheck to paycheck, it's hard to imagine what investing could do for you. I'm going to explore a different idea. That investing isn't all about a happy beach side retirement, but instead, about buying options in life. So what does that mean? Options in life mean different things to different people, and they are different to goals. Your goals may be to get 8% return a year or have $500,000 in 10 years. These are good specific goals, but they don't take into account changes to your life along the way. Options in…
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