Summary: What are your financial planning intentions? Are you planning to spend all your money in your life? Because that would be awesome. But so would dividing your money when you pass away. Investing for retirement, do you actually want your money to last for 50, 100, even 200 years beyond your own lifetime? There’s also a fourth intention you might have in the back of your mind: Do you want your money to grow forever, as when in estate planning a family business is passed down from generation to generation and not only survives but thrives? These are very long-term money intentions, projecting beyond your own lifetime, which isn’t where many people go in their day-to-day thinking. Whatever your financial planning intentions are—to spend, divide, preserve or grow your money—in this episode, we look at certain thought processes and actions, drawing on behavioral finance, that you can take now, to have a real impact much later.
