Your Why and Determining Your Financial Goals!

Traditionally, investors have focused on generating the highest possible returns or beating the market, while staying within their comfort zones in terms of risk. My preference to wealth management is goal-based investing, which emphasizes investing with the objective of reaching specific life goals.

Whichever approach you prefer, the important thing is to do something, and not just leave your financial health to chance!

Are you investing to: Build a nest egg for retirement? Buy a vacation home? Create an income stream during retirement? Start a new business? Leave a financial legacy to your family? Do all of these?

Arrange your goals by the time horizon for achieving them. Do some research and take advantage of financial and retirement calculators available to put a value/cost on each of your goals.

After you define your goals and figure out how much money you need and when, the next step is to reverse engineer an investment strategy that will make it happen. An investment strategy is basically a plan of attack that guides your decisions based on your goals, risk tolerance, and future needs for capital. Some keys to making a sound investment strategy:

Start now. Seriously. Stop putting it off

? Know what you're looking for so that you are anchored by the must-haves and not distracted by the nice-to-haves

? Take advantage of the power of compounding

? Think twice before investing in anything with high costs/fees

? Diversify your investments.

I hope you find these tips helpful!! Looking forward to adding value and helping each other reach our goals!

Jorge Abreu - Co-Founder and CEO

Elevate Commercial Investment Group?and JNT Construction

Free Investor Content:

How to Properly Perform Due Diligence: Click Here

Questions to Ask a Multifamily Deal Sponsor: Click Here

How to Properly Hire a Contractor: Click Here

List of Recommended Books: Click Here

Investors,

If you have deals and are looking for someone to help you close on them or you can bring over $1M in equity then visit my site and fill out the partnering forms.

?If you are looking for a mentor or coach then check out my program here.?

Investor Fuel will be the premier mastermind group for Multi-Family investors before 2022 ends,?If you're interested in learning more, we'd love to have a quick conversation. You can schedule a call with my team here.

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