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Investing with Tim: Financial lessons from football

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November 8, 2018 11:50 am Updated: November 8, 2018 12:05 pm

 

When the game isn’t going your way

Review your game plan

You haven’t saved enough for retirement…or for college. Your credit card debt is spiraling. You’ve been blindsided by unexpected expenses. When your finances hit a rough patch, call a time out and review your game plan. Rethink your strategy to account for changes in your personal life, the economy, or market conditions.

Focus on fundamentals

Big plays are important, but so is steady execution. Even seasoned players need to focus on game fundamentals. One important financial fundamental is your budget. Once you know exactly how much money is coming in and how much is going out, you can identify what plays to call to get your finances back in shape.

Make adjustments

Football teams make adjustments throughout the game. As you begin to make forward progress, keep the momentum going by regularly reviewing and fine-tuning your own game plan to balance competing priorities. Soon you’ll be better prepared to tackle the challenges that stand between you and your financial goals.

“It’s not whether you get knocked down, it’s whether you get up.” — Vince Lombardi

Tim Bartholomew is an Investment Representative with Greene Investment Services located at the Bank of Greene County. Call 518-943-2600 ext. 2153 with your comments or questions.