One of the few perks of the two-month-long coronavirus lockdown is spending more time with my kids. While family time is worthwhile, it can also be a bit dangerous. They will stake claim to a couch and lie there on their backs playing games on their phones and tablets. If you also want to enjoy sitting in our living room, be prepared for a fight. It’s not a given that someone will get up and move to make room for another sitter.
我的优点是比我的孩子战斗更大，更重，更强的是，我可以拉他们关闭，腾出空间给自己。虽然他们的远程学习是一场灾难，至少他们已经了解了基本的经济原理 - 供求规律。我们有两个沙发和一个躺椅 - 我们是七人。这意味着，在沙发上的座位是作为浮桥和公园广场上的大富翁游戏的宝贵！我已经注意到了，因为它们是趴玩他们的游戏是那个时代并没有改变。
Writing about the need to get back on track financially, Kara Fleck of “The Art of Simple” relates a story that we can all relate to. “It is 90 degrees inside my house. I’m nursing the baby and we’re both drenched in sweat. Two of my children are sick and sad with the chickenpox, tossing and turning on the small mattress we’ve set in front of the window for them to sleep on. They are uncomfortable from the heat and the itch. The air conditioning is broken, we don’t have enough money to cover the cost of the repairs, and we are just one more disaster away from the breaking point. My whole family is sad, tired, and miserable. We needed a financial fresh start and we needed it now. And, the only way to make that happen was to give it to ourselves; no one was going to come along and rescue us or bail us out. We had made this mess and we needed to get ourselves out of it.”
Get off the path of destructive behavior and get back to fundamental basics. When it comes to finances, the inability to correct missteps can be quite costly. Too often I see people get stuck in a rut and continue making poor money decisions, intellectually aware of the harm they are doing to themselves but emotionally unable to get a break.
If your financial situation is derailed, remember the child and her video game. Hit exit and start again. Get back to the ABC’s of personal finance. The first thing I would do is to remember that you are a team. Don’t start with the blame game. You are starting fresh. Then figure out how much income you have coming in every month. Then figure out how much you are currently spending. If it’s more than you earn, you need to cut. It’s imperative that you live within your means. You will not spend your way to prosperity.
Then sit down with a pen and paper and figure out your goals, both short and long term. Invest. If you haven’t now is the time to start. If you have a portfolio, it should serve as a conduit to enable you to achieve your goals. Your investments should be allocated in a way that will help get you where you want to be financial. Not all portfolios should be constructed the same way. If you are retired and your portfolio is all that you have, your investment allocation should look different than if you are 35 years old and your sole goal is to save for the next 30 years.
Be honest with yourself and if a change is needed, don’t repeat the same mistakes that got you into your current situation. Hit the reset button and get back on track financially.
The writer is author of the book ‘Retirement GPS: How to Navigate Your Way to A Secure Financial Future with Global Investing’ (McGraw-Hill), and is a licensed financial professional both in the US and Israel, and helps people who open investment accounts in the US. Securities are offered through Portfolio Resources Group, Inc. (www.prginc.net). Member FINRA, SIPC, MSRB, FSI. For more information, call (02) 624-0995 visit www.sisoftball.com or email firstname.lastname@example.org.