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The Magic of Goal Setting

2024/11/27
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Sound Investing

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Paul
投资专家和教育者,专注于小盘价值基金的分析和教育。
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本期播客在感恩节前夕录制,Paul首先感谢了听众的支持和贡献,包括订阅邮件、阅读文章、收听播客、观看视频以及捐款等。他还谈到了2024年在三个不同住所居住的挑战,以及由此可能导致的捐款丢失问题,并提醒捐款人检查捐款记录。Paul还分享了他对加密货币的看法,认为其具有投机性,并难以向年轻人解释其价值。最后,他重点讨论了目标设定的重要性,并以投资为例,阐述了三种不同类型的投资目标:跑赢市场、在风险承受范围内获得最高回报以及以最低风险获得所需回报。他还探讨了退休规划、遗产规划以及如何处理留给子女的遗产等问题,并强调了与专业人士合作进行目标设定的益处。 Paul在播客中强调了设定财务目标的重要性,并详细阐述了不同类型的投资目标以及与之相关的风险和回报。他指出,设定目标需要考虑个人的风险承受能力、对退休和死亡的看法、以及对未来生活的规划。他还讨论了其他类型的目标设定,例如退休时间、生活方式、遗产分配等,并建议听众寻求专业人士的帮助,以更好地制定和实现目标。

Deep Dive

Chapters
Paul discusses the challenges of managing multiple residences and ensuring donations reach their destination, emphasizing the importance of checking if donations have been received.
  • Paul and his wife have lived in three different homes in the last year.
  • They use a forwarding service from the post office but acknowledge some donations may have been lost.
  • Paul urges donors to check if their contributions have been received to avoid incorrect tax deductions.

Shownotes Transcript

As this podcast is being released on Thanksgiving Day Paul begins by thanking those people who choose to follow the Foundation’s work, those who forward our articles, podcasts and videos to others, and those who donate time and money to the Foundation.

He also addresses the challenges of living at three different homes (Bainbridge Island, Portland and Rancho Mirage) in 2024.  We know some donations have been lost in the mail.  

Our concern is people will declare a charitable deduction that did not actually happen.  By the way, the permanent address of the Foundation is now -

2445 NW Westover Road #311,

Portland, Oregon 97210.

Paul comments on his challenges in recommending cryptocurrency.

Finally he discusses the life changing impact of goal setting.  

The following are articles and videos on goal setting from some of the Truth Tellers Paul recommends.

Jim Dahle) writes to young doctors but the information is usually good for all people who are putting together a financial plan. The Power of Focus in Your Financial Life)

Jonathan Clements is struggling with cancer and for anyone facing death sooner than expected, and the goal setting that might be considered, I think you will find his journey worth reading. The C Word.)

William Bernstein has recently updated his best selling , “The Four Pillars of Investing.” ) In this short introduction you will hopefully decided it’s worth reading the rest of the book.

Here is a podcast that you won’t want to miss.  Larry Swedroe is interviewed by another Truth Teller, Ben Felix and Cameron Passmore.  The book they discuss has been updated since the interview.  "Your Complete Guide to a Successful and Secure Retirement")* is one of the best books I know for those trying to address the many important retirement goals. *

 While Christine Benz is the Director of Personal Finance at Morningstar I thought it might be interesting to get her take on the non-financial plans we should consider.  Her new book has  become a best seller.  How to Retire: 20 lessons for a happy, successful, and wealthy retirement.)