Measure Twice Cut Once

Paul Durso Academy, Income Planning, Insight Investing Video, Protect Against Consumer Fraud

Proper Measurement

When I was in High School I worked construction each summer. I learned very quickly how important it is to measure twice and cut once. Early on, I made all kinds of mistakes because I would forget what I measured and cut something the wrong length.

Since then, that principal has stayed with me even now as a financial advisor. I am not working construction these days, but I do know how important it is to properly measure something.

How do you properly measure your portfolio? We all want growth, but is that how you should be measuring your performance? Is all you need simply a higher portfolio balance? It seems like that makes sense, but what if you balance goes down and your income needs go up?

There are two different ways to measure your portfolio, performance and income. In the video you will see how important it is to properly measure your portfolio against what you need.