Comments on: Funding the Future: The Benefits of Being Flexible http://www.getrichslowly.org/blog/2008/07/30/funding-the-future-the-benefits-of-being-flexible/ personal finance that makes cents Fri, 09 Jan 2009 13:14:27 +0000 http://wordpress.org/?v=2.5.1 By: Debbie M http://www.getrichslowly.org/blog/2008/07/30/funding-the-future-the-benefits-of-being-flexible/#comment-142473 Debbie M Wed, 30 Jul 2008 20:16:09 +0000 http://www.getrichslowly.org/blog/?p=1927#comment-142473 I don't think this topic is so obvious. But for the flexible part, don't forget you could get more than expected. So you could either buy a bigger lake house or do it earlier. So the question is how much you are willing to risk having less or taking longer in order to increase the possibility of having more or getting it quicker. I really like that thinking for things like buying a house or retirement. I don’t think this topic is so obvious.

But for the flexible part, don’t forget you could get more than expected. So you could either buy a bigger lake house or do it earlier. So the question is how much you are willing to risk having less or taking longer in order to increase the possibility of having more or getting it quicker. I really like that thinking for things like buying a house or retirement.

]]> By: WiseMoneyMatters http://www.getrichslowly.org/blog/2008/07/30/funding-the-future-the-benefits-of-being-flexible/#comment-142426 WiseMoneyMatters Wed, 30 Jul 2008 15:21:59 +0000 http://www.getrichslowly.org/blog/?p=1927#comment-142426 I agree with Seth on this one. It's just obvious information. If you need a certain amount in 4 years, you will need that amount in 4 years. Nobody needs to tell me I need it in 4 years. Now, a better approach to handling the possibility of down markets is to set your goal higher than reality. This will force you to put more into your investments on a monthly basis. If the markets do poorly, you won't be strapped. If they do great, you will have extra funds to use for other things or a better retirement. Hope for the best but prepare for the worst. I agree with Seth on this one. It’s just obvious information. If you need a certain amount in 4 years, you will need that amount in 4 years. Nobody needs to tell me I need it in 4 years.

Now, a better approach to handling the possibility of down markets is to set your goal higher than reality. This will force you to put more into your investments on a monthly basis. If the markets do poorly, you won’t be strapped. If they do great, you will have extra funds to use for other things or a better retirement.

Hope for the best but prepare for the worst.

]]> By: Seth http://www.getrichslowly.org/blog/2008/07/30/funding-the-future-the-benefits-of-being-flexible/#comment-142423 Seth Wed, 30 Jul 2008 14:33:55 +0000 http://www.getrichslowly.org/blog/?p=1927#comment-142423 I'm sorry, I welcome more posts by Mr. Jones but this one has no information and presents variables that would be obvious to anyone who thinks about saving. I’m sorry, I welcome more posts by Mr. Jones but this one has no information and presents variables that would be obvious to anyone who thinks about saving.

]]> By: jeffrey strain http://www.getrichslowly.org/blog/2008/07/30/funding-the-future-the-benefits-of-being-flexible/#comment-142414 jeffrey strain Wed, 30 Jul 2008 12:05:13 +0000 http://www.getrichslowly.org/blog/?p=1927#comment-142414 Being flexible is so important as life throws a lot of curveballs along the way. That being said, it's also quite important to make sure that you don't let wanting to be "flexible" keep you from going for your true goals. It's finding the balance that is always so difficult. I also believe that having the flexibility to reevaluate and change your goals with circumstances that arise is critically important. When I was younger travel was a high priority, but health issues with members of my family has changed it having time being much more important. Being flexible is so important as life throws a lot of curveballs along the way. That being said, it’s also quite important to make sure that you don’t let wanting to be “flexible” keep you from going for your true goals. It’s finding the balance that is always so difficult.

I also believe that having the flexibility to reevaluate and change your goals with circumstances that arise is critically important. When I was younger travel was a high priority, but health issues with members of my family has changed it having time being much more important.

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