In Part 2 of our discussion on the Order of Investing we discuss some of the mechanical components of aligning our values and investments in our short term and long term narrative.
Values - family values that dictate direction, risk and investment strategy
Emergency fund - the benefit of having a $1500 emergency fund set up to offset healthcare or automotive bills. This is especially effective when paying off debt and pushing any excess funds to reducing debt.
Debt - speaks for itself - every family and individual needs to utilize a plan for reducing debt to prepare for an investment future.
Hedge - a safety bet meant to protect market investments. Our discussion centered out the use of gold and silver, specifically.
Savings - self explanatory
Safety - this requires ongoing conversation and attention to the wills, trusts and insurance policies that protect wealth and wealth transfer
Cash Flow - one of many products or markets that can produce monthly remuneration for value.
Conservative Investing - stocks, bonds, annuities, 401k, IRA's etc.
High Risk Investing - futures and some options products
Wealth Transfer - we recommend working with a fiduciary to set up draws from your investment products and to protect the investments passed on to your family.
Equity Stakes - we believe that the new stock market will be holding equity stakes in small businesses.
Additional resources:
The Gospel of Wealth - Andrew Carnegie https://amzn.to/2AyOhV4
Convive Coffee - Pittsburgh, PA www.convivecoffee.com