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Titled: Financial Goals Checklist Get the Finance category RSS Feed

Financial Goals Checklist

Article Summary: How to make sure you are making the right investment choice. Due diligence is important even thought it can take some time. You are the only one who cares about your money, so think smart!

Probably because it is time for New Year's resolutions, a lot of us focus on our finances around this time of year. Everyone I know has the same resolutions. They want to make more money, find their soul mate, lose weight, exercise more and get healthy. I am terrible at keeping resolutions, so this year I am focusing on my goals. That way I won't fail in the first month of the year!

So, what kind of financial goals should we work on this year? I was reading an article in one of my magazines called "10 Rules For Building Wealth". As I read it, I realized that it was a pretty negative article. Some aspects were good, but most point to the fact that we really are not choosing our investments correctly. It suggests that we need more education in the area of wealth accumulation. Our net worth needs to increase and be protected. Risk is really not an option when it comes down to it. I work with clients daily who need to know what there portfolio really says. I find it true that most of us receive our quarterly statements, see if there was an increase or decrease, than file it away. Never looking deep enough to decide whether a change is needed.

Maybe it is time to set a goal to really read your statement! You might need to make some course corrections or move your money to a risk free product. But, whatever it is, education is the key to our financial health!

I do not play the stock market any longer after losing half of my retirement in 2001, and this article made me feel I made the right choice. But if you are looking into investing in something new, here is my advice;

1. Whether it is a stock, mutual fund, real estate or any other investment product, make sure you do your due diligence before buying the investment. This is a process that cannot be avoided.

2. Get expert advice to be sure you have all your "ducks" in a row.

3. Know what fees you will be charged for the investment you are looking at.

4. Don't take your financial advisor's word for it.

5. Ask yourself, Will this investment work for me? Will it get me on the road to financial freedom and a secure retirement?

The main thing here is to "Think Twice" before making any financial decision. The only one who really cares about your money is you!

Article Source: http://www.upublish.info

About the Author:
Janet Majoulet Foust
We teach women how to take control of their financial futures so they can gain confidence and financial competence to live a life of financial security. We provide personal wealth coaching, in an encouraging and stress free environment that is results-driven and will give you the financial direction to lead you to a fulfilling, financially rewarding and prosperous future. Go to http://www.wealthharvest.com and sign up for my FREE Newsletter now!