Lesson Learned 4: Money Is Relative
Channel: Ken Beauvais
Date: 01/02/2021

Lesson Learned 4: Money Is Relative 

There is always so much noise around what you should do with your money. Today it is the stock market, yesterday it was the stimulus checks and tomorrow there will be something else. 

Depending on your stage of life, risk tolerance, family situation, understanding of money and financial goals, your decisions with money could be completely different from your peers. 

Example: My wife and I have absolutely zero debt. We have no student loans, car payments, credit card balances or even a mortgage on our home. 

That seems like an extremely good thing to me. However, some would prefer to be more liquid because of upcoming life events, put it in the market, double up on investment properties, live life a little more luxuriously or do not really have any negative connotations towards debt. 

Regardless of how you feel about each of the above, I believe it is important to completely understand the value of money, it is okay to do some things outside of the norm and hire a professional to manage some of it.

The lesson here is, do what is best for you, your family and your future.

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