Controlling The Controllable When It Comes To Your Finances

For many people, when they hit a tough time in their life, the go to advice from well meaning friends seems to be “don’t worry about it” and while this is often easier said than done, the basis of this advice is to control what you can control, and let go of what you can’t. You can’t control certain things in life, such as other people’s reactions, and there are some things in finances that are also beyond your control.

Investments

Investing is a key component to financial planning, but there are uncontrollable factors involved with investing and if you can understand that, it may make your investing life easier. For example, you can’t control the markets. Despite your best efforts, you can’t time the markets, or control the companies that you’re investing in. What is within your control is how you react to your investments – such as not panicking or overreacting to your investing decisions.