Some people are optimizers, carefully analyzing every choice, while others are satisficers who make quick decisions. To make good financial choices, eliminate individual stocks and embrace simple building blocks. Use total market index funds and automate investments to simplify your portfolio. Consider paying for professional financial planning guidance if needed.
If you’re a satisficer, simplify your financial relationships – focus on a single, well-chosen credit card instead of managing multiple cards. Automate your investments to eliminate questions about when to invest and track expenses. Consider paying for financial planning guidance to free up time and gain peace of mind with decision-making.
Read more at Yahoo Finance: What’s a ‘Good Enough’ Financial Plan?
