[This article by Mitch Anthony and Steve Sanduski of Advisor Insights so perfectly aligns with my philosophy here at SecondHalf that I'm sharing it as a kind of "guest post." Used with permission.]
When it comes to investing, the current standard of Return on Investment (ROI) can be self-limiting, adding pressure that is counterproductive. So much of ROI is not within our control. We can diversify investments––always a good strategy––but we cannot control how the markets perform or how global events affect the markets. Just as meteorologists can predict the weather but still be wrong, we can try to predict and plan for market upheavals, but we cannot control them.
It’s important to balance Return on Investment with Return on Life™ (ROL). ROL is defined as: "How well you are doing in living the life you want with the money you have."