218: 11 Financial Moves to Make in 2017

Learn 11 financial moves to make in 2017

1. Identify any mistakes made in 2016

- Stocks to sell, trim losses

2. Review & rebalance portfolio

- Make sure you own some small caps

3. Consider strategic investments in high growth areas

- Spice up your portfolio with India, silver, China, tech, etc.

- What can you buy low? Commodities? Uranium? Miners?

4. Reduce debt

- Refi or pay off

5. Avoid long-term bond funds

- 30 year bonds have the most risk in a rising interest rate environment

6. Save and invest more

- Savings accounts have low interest rates, investment accounts offer potential of higher compounding, but have more risk.

7. Think over large purchases - Do you really need a new car? - Could you invest instead?

8. Start a side hustle for extra income?

- Never easier to start a business

9. Consider how big picture changed and how it will affect you

- New President, lower taxes? - Interest rates rising - Banks in Europe in crisis?

10. Things that didn't change

- Debt in USA - Your work? Income? Mortgage? - Your goals? - Your retirement age?

11. Time, Money, Compounding Rate are the 3 things that effect your wealth.

- Time = years to retirement - Money = amount to invest - Compounding rate = % you compound money

Make it a priority to learn about investing.

To get "11 Quick Financial Tips to Boost Your Wealth", go to www.lindapjones.com.