Control What You Can Control

When you think about your own personal wealth, your first reaction might be, what is a great investment product or give me a hot stock tip. What many underestimate is the notion of preserving wealth or managing wealth efficiently. So instead of first thinking about growth think about preserving

1. Risk-strike a balance, do I have enough or too much? Am I managing risk correctly, do I have enough insurance.(health, life, home) 

2. Taxes- have you thought about after tax returns or tax efficient vehicles? 

3. Income- do you have a nest egg, dual family incomes, or thoughts on retirement income? 

We cannot control the financial markets, life events, acts of nature, loss of employment or taxes. We can control understanding risks and being prepared.