The Three Wells - Well 2Nov 20, 2020
To continue our conversation on the three Wells, today I get into further detail on Well 2.
Well 2 is the Living, lifestyle, and leisure well. (2 to 5 years)
It is 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.
Now five years is a longer period of time, and you don’t just want these funds sitting idle in a bank account when they can be working much harder for you. This well can be actively managed to optimise returns.
The well of money should be comfortably large enough to cover upcoming living expenses. Listen to more in my video above.
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