Oh, I'm not talking about money. Did you think I meant the Dow Jones? No way! I'm talking about me. I made a decision with my family and I thought I made the right choice. I was pretty sure, in fact, that the case I was making that was proving my point was really going to make my stock rise. In other words, make them really believe in me. But instead, I shot myself in the foot and my stock plummeted. I made the wrong call, the wrong decision and it was a disappointment to my family.
Have you ever had that happen? I don't know about you but it made me feel worse than any money I could have lost. We all seek validation in just about everything we do. We look for it in our jobs, at school, at church and with friends but I think the most sought after credibility we crave is from our family. That's because they know us best and most of the time love us anyway. Their investment in our lives is precious. It compounds daily and is priceless in terms of value.
If you are a young person, financial analysts will encourage you to choose riskier stocks. That's because they usually produce a greater return and you can afford to ride out any financial storms being farther away from retirement age. If you start in your twenties, for example, you will have a good forty years to save for retirement. It's not the same with your family. You don't have as much time. Your kids will grow up in the blink of an eye so it's important that the decisions and choices you make in regard to them will yield a good return that will benefit them while they are still young and growing.
The goal for parents is to invest in moments in your family where it causes your stock to rise. You need to ensure that your portfolio is well-maintained so you are presenting new and good products to your family. Even though there will be moments when you don't choose so well, I would encourage you to think about the long-term investment in your family. Ride out the short-term and think about the example you have been and will be for them in the long run. Don't dwell on just a snapshot in time, but focus on how you can make the right decision more often than the wrong one.
There will always be uncertainty in the market causing a lot of hesitancy and doubtfulness, but one thing is for sure, you can bring stability and security to your family everyday just by telling them you love them. Don't wait until conditions are right. Make that investment now and see an immediate rise in your stock.
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