The Business Cycle
How will you weather the ups and downs of the business cycle?
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Financial planning often doesn’t take place on a beach. But the next time you find yourself there, try this experiment, courtesy of management and motivational guru Stephen R. Covey: You’ll need a mason jar and an assortment of big rocks, smaller gravel, sand, and water.
It sounds simple, but paying yourself first can really pay off.
Understand the concepts of horizon, compounding, and risk tolerance, and create an investment plan.