Feng Shui Your Financial House — Day 4

𝐘𝐎𝐔𝐑 𝐃𝐀𝐘 𝟒 𝐓𝐀𝐒𝐊 𝐈𝐒 𝐓𝐎 𝐃𝐄𝐂𝐋𝐔𝐓𝐓𝐄𝐑 𝐘𝐎𝐔𝐑 𝐌𝐎𝐍𝐄𝐘 𝐇𝐎𝐔𝐒𝐄!

If your couch sticks into the hallway,

and your philodendron whacks you in the face, you are living in a hostile and cluttered environment.

Don’t do that with your money!

𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐫𝐨𝐨𝐦 𝐟𝐨𝐫 𝐠𝐫𝐨𝐰𝐭𝐡.

Consolidate your accounts.

The easier you make it to track your money, the more likely you are to steward it or notice when something’s amiss.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚 𝐬𝐦𝐚𝐭𝐭𝐞𝐫𝐢𝐧𝐠 𝐨𝐟 𝟒𝟎𝟏𝐊𝐬, 𝐫𝐨𝐥𝐥 𝐭𝐡𝐞𝐦 𝐨𝐯𝐞𝐫 𝐢𝐧𝐭𝐨 𝐚𝐧 𝐞𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐈𝐑𝐀.

Creating one asset allocation plan and monitoring one portfolio’s performance is easier than many. If you are going to use a financial advisor, though, make sure you won’t be paying a lot more in fees.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐨𝐫 𝐜𝐡𝐞𝐜𝐤𝐢𝐧𝐠 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐬, 𝐦𝐞𝐫𝐠𝐞 𝐭𝐡𝐞𝐦.

Why?

It’ll mean one fewer 1099 at tax time to track and one less pot of abandoned assets sulking. Your money wants to be deployed intentionally.