Quick shoutout to Brendan Mullooly, former All About Your Benjamins Podcast and Talkin’s Shop guest for his blog post reminding us that our financial plans do not act as a map, but a compass. A financial plan as a map would suggest there is one guaranteed path to reach our goals, but the path to our goals isn’t as direct as a road. As Brendan explains, a compass is better served to help guide us to our goals.
Be sure to follow Brendan’s blog, Your Brain On Stocks as he claims the title as the next great writer on behavioral finance–big shoes to fill, but I know he’s got it in him.
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.