Equipping Points:
What is lazy money and why do you want to not have too much of it in your retirement portfolio? Simply put, lazy money is money that isn’t growing as much as it could be. Having your money grow and work for you is a key part of building a solid portfolio, so Eric breaks down some strategies to help get the most out of your money in this episode.
We’ll discuss how lazy money can be dangerous, getting the most out of your accounts, and the relatively new concept of “moral investing.” Moral investing is when folks only invest in companies that align with their beliefs, whatever those beliefs may be. There are some pros and cons with that, and we’ll discuss those here as well.
Here’s some of what we discuss in this episode:
- Defining the term “lazy money.”
- Making sure that you are getting the most out of your money.
- The concept of investing with your conscience or “moral investing.”
- How lazy money can be dangerous.
- Getting your money to make more money for you.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
Related Episodes:
Healthcare in Retirement
Most Common Retirement Planning Mistakes
Do You Have These Blind Spots In Your Retirement Plan?
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