How to Invest Like a Boss: What to Know About Goal-Based Investing

We had a #CreditChat on Twitter with Dr. Daniel Crosby @incblot to discuss goal-based investing. Dr. Crosby is a behavioral finance consultant to some of the finest brands around – and a monthly columnist for Investment News and Wealth Mangement. Learn more about his work at

During this tweetchat, we also had a Google+ hangout to discuss favorite tweets. Video panel included: Tarra Jackson, Clair Murdough – ReadyForZero, Rod Griffin – Director of Public Education – Experian, and Mike Delgado.  If you’d like to join our next video hangout, let us know.

Questions discussed:

Q1: What are reasons why many people aren’t investing?
Q2: How can we motivate ourselves and others to invest more for the future?
Q3: What is goal-based based investing? Why does that approach work?
Q4: Do you have advice for newbies just getting started with investing?
Q5: Do you have any favorite tools or resources to help you with investing?
Q6: What do you wish you knew about investing earlier in life?
Q7: Is it ever too late to invest? Do you have advice for those nearing retirement age?
Q8: Any final tips for those who want to make smart investments?



Tweetable Tips and Resources:

Excluding their primary home value, most Americans have less than $25,000 in retirement savings. [Retweet]

We need to think of saving/investing as a future benefit rather than a current loss. [Retweet]

Instead of worrying about the risk, acknowledge the positive gains that can come with investing. [Retweet]

Set retirement goals to plan for living life to the fullest. [Retweet]

Realize the time value of money – spending $1,000 today means robbing yourself of many thousands later. [Retweet]

Goal-based investors have been shown to save a great deal more and are much better at staying the course in a choppy market. [Retweet]

Goal-based planning gives you an incentive to invest – such as paying for a child’s college, retirement, etc. [Retweet]

Investing Tips: Look for these three things: Price (low P/E), Profit (good margins)  and Pitfalls (e.g. debt) [Retweet]

Pick an advisor who is knowledgeable, has reasonable fees, and is a good behavioral coach you can trust. [Retweet]

It is just about impossible to reach financial goals without investing. We all have to get savvy. [Retweet]

Buy inexpensive, highly profitable companies with low debt load and sit on them for longer than you’d like. [Retweet]

 Invest Like a Boss: What to Know About Goal-Based Investing [Retweet]

Check out all the tweets here:

Experian Blog

Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. This news blog provides our perspective on issues and trends affecting our businesses and our constituents in North America, while occasionally touching on Experian global news. Learn more.

Subscribe by Email:

Delivered by FeedBurner



Latest Tweets