Should Your Money Work Harder For You?
Do you ever feel urgency or stress around this idea of “I need to make my money work harder for me!”. If so, this one’s for YOU!
“I want my money to be working for me”. This is something we hear from people who reach out to us all the time. When we ask clients what their goals are, so many of them will tell us they want their money to be working for them. They want to be doing MORE with their money. They want to make sure they are making the best decisions with their money, etc.
And I love this! These are all great things! But one thing I often sense is that they are feeling some urgency or stress around this idea of making their money “work” for them. This is usually the way of framing that they want their money invested and earning compound interest. You know – earn money while you sleep sort of thing, right?! Which of course is a beautiful thing.
But what I want to talk about today is that there are many other ways that you can get your money working and none of them have to do with investing. In fact, I would argue that many of these things should be in place before you start investing, or before you put that PRESSURE on yourself to PUSH to invest more aggressively.
Main takeaways from this episode:
- Before you start putting this pressure on yourself to make your money be “working harder for you”, make sure it is all working smoothly to begin with.
- What you do financially should feel easy, predictable and boring. If you do not feel this way (yet!), then release this pressure you are placing on yourself and work to build a strong foundation first.
- The things we do with our money shouldn’t feel like a race or a sprint to the finish line. What we do financially is a marathon. It is something that should feel sustainable. Steady. Something we can do for LIFE.
- Schedule a free Q&A call with one of our financial coaches
- Read more about a Eureka session, or schedule your own!
- Read these client success stories. We are always inspired by what our clients accomplish!
- The Fiscal Fitness Podcast Episode 91: Are you INTERESTED? Or INVESTED?
- The Fiscal Fitness Guide to Saving
- The Fiscal Fitness Podcast, Episode 22: Active vs. Passive Investing with Financial Advisor Shanna Tingom