Procrastination: A Costly Foe

Written by admin on September 1st, 2008

Karen L Rutledge

Getting people to make a decision is the number-one problem I face when working with my clients.

Taxes, inflation, and procrastination are the three main barriers that most people face when trying to reach their financial goals. Taxes and inflation are almost guaranteed to occur, but procrastination has the potential to be the most costly, yet is the easiest to overcome. Why is it that people procrastinate when they should be preparing for their financial future? Here are a few of the reasons my clients give me.

Fear of bad decisions. People procrastinate because they are afraid. You miss 100 percent of the fun if you never attend the party! When it comes to making decisions about your retirement savings most people don’t know where to turn. How much do I invest, where do I invest, and how do I handle an underperforming investment? These are tough questions to answer. But even a bad decision can be more valuable than no decision at all because it presents a learning opportunity.

Lack of knowledge – Many people don’t know how to pick a suitable investment because this difficult task usually requires education and experience. One way to avoid this problem is by seeking professional guidance. Although there is no assurance that working with a professional will improve your investment results, a financial professional who focuses on your overall financial health can help you consider options that might have a substantial effect on your long-term financial situation.

Poor time management – Every day we have demands on our time, career, family and maintaining a home often take precedence over investment needs. Most people schedule time to get their hair done, and visit their doctor. Why not schedule regular appointments to review your investments and your financial goals? Don’t let procrastination potentially cost you thousands of dollars. Time is something that once spent is gone forever.

Karen L Rutledge
NettWorth Financial Group
18221 102nd Ave NE
Bothell, WA 98011
866-893-1119

Securities and investment advisory services offered through FSC Securities Corporation, Member FINRA/SIPC and a registered investment adviser. NettWorth Financial Group is not affiliated with FSC Securities Corporation or registered as a broker-dealer or investment adviser.

MANY THANKS AGAIN TO KAREN RUTLEDGE!!! She was responsible for the Coffee Van at Trafton and Puyallup Garages.

 

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