The Three Wells - Well 1

accumulation investment liquidfunds well1 Nov 20, 2020
 

There’s no one size fits all when it comes to choosing how to live your life.

And the same applies to designing a career or business, and where and how you are going to live.

What’s right for one person may not be right for another. Today, a short discussion on some of the ways in which people seek to invest for financial independence during the accumulation phase of life.

Well 1 – Liquid funds (<12 months)

These liquid funds can be actively managed, and while not a significant percentage of your overall wealth, should be large enough to cover your day-to-day bills and living expenses for the coming year;

Well 2 – Living, lifestyle, and leisure (2 to 5 years)

A second well of money which can also be actively managed to cover upcoming living expenses, holidays and travel, car upgrades, home renovations, school fees, and whatever else is on your 2 to 5 year horizon.

These tend to be reasonably liquid funds, most often a balance between stocks and cash; and

Well 3 – Longer term and legacy (to retirement & beyond)

These are your safer, long-term investments that you ideally never have to sell until your retirement, typically including property and, for some, safe investments in large, established, systemic companies which throw off strong income streams.

Watch the video to learn more. 

If you would like to learn more about the other wells, see my blog post on Well 2 & Well 3.

 


Whenever you’re ready… here are 4 ways we can help you manage your own money and go next level wealth:

  • Boom or Bust in 2021 – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan for 2021 - book in here

  • Subscribe to our Top 100 Podcast for Investors

 Listen in to our new podcast - The Low Rates High Returns Show - Apple Spotify , SoundCloud

  • Join our Implementation Program

We’re putting together a new coaching case study group this month for private investors. If you’d like to get the plan, tools and timeless principles for managing your money and creating next level wealth … just send an email to [email protected] with the word “Case Study” and we'll get you more details.

  • Work with me privately

If you’d like to work directly with me and Stephen Moriarty directly to help you map out and action your next level wealth plan… just send an email to [email protected] with the word “private”… tell me a little about your situation and what you’d like help with, and we’ll get you all the details!