Your Best Tactics for Tuesday after Market Mania on Monday

Use Bad Financial News as a Catalyst for Evaluating Your Money Strategies and Tactics 

If you read about Mr. ToughMoneyLove, you know that I am a baby boomer and self-proclaimed money strategist.  Being a money strategist includes facing up to hard truth in the form of bad financial news.  I use such news as a reason to re-assess the money strategies and tactics that support the financial goals my wife and I have established. Read more

How to be a Money Strategist to Reach Your Financial Goals (Part 2)

How to be a Money Strategist

In Part 1 of this article, I explained that I was a “money strategist.”  Then, using the financial goals agreed on by me and my wife, I discussed how money strategies and money tactics work together in a personal financial plan to achieve those goals.   I then proposed that anyone can and should be a money strategist.  In this Part 2, I want to suggest a plan for becoming a money strategist in your own financial life, using what we did as a teaching example Read more

How to be a Money Strategist to Reach Your Financial Goals (Part 1)

Mr. ToughMoneyLove is a Money Strategist

Setting and reaching financial goals is at the core of personal financial planning and retirement planning.  This two part article explains how being a money strategist provides a structure for me to reach my family’s financial goals.  In this part 1, we define financial goals, money strategies, and money tactics.  I provide examples of these in my financial life.  In tomorrow’s part 2, I will suggest how others can become money strategists themselves. Read more