What should you know?
Your financial success is influenced by various factors, some you have control over, and many you don’t.
Things you can’t control:
- Government tax policies
- Inflation
- The stock market
- Property prices
- GeoPolitics
Things you can control:
- Your spending
- Your investment contributions
- How you invest your money
- How you insure yourself against the unforeseeable (death/illness)
- The time you spend doing the things you enjoy
Why should you care?
Trying to influence factors that are out of your control is futile and time-consuming. The uncontrollable elements will affect the end result but cannot be relied upon, or blamed, for the outcome.
Concentrating on the things that are within your control, and getting them right, is the only way to ensure a solid pathway to success.
