Today’s Hack
One of the most difficult scenarios for investing is what to do with money you know you’re going to need within a few years for a large expense. You don’t want that money to be stagnant during that time but you also can’t afford to take on much risk either. Today we’re going to talk about strategic planning for short-term needs and explore the best ways to invest money you’ll need in the next three years.
From weddings and car purchases to second homes, Phil provides insights on how to strategize your finances for upcoming expenses. Learn about risk management, the bucket strategy, and the importance of conservative investments in volatile markets.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:35 – Larger planned expenses
3:05 – Things to think about
5:55 – What tools are out there?
8:10 – Strategizing for expenses you know are coming but aren’t sure when
10:24 – Final thoughts
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.