2 Things You Must Focus On To Be Financially Secure

Do you feel financially secure?

What would it take for you to build a huge nest egg to become financially secure?

Conventional wisdom says it's mostly about investing better. It suggests you should focus on getting a higher return or lower fees.

My experience, though, is surprisingly completely different. I have seen the full finances of thousands of people. The ones focused on investing usually had small portfolios. I call these people "performance maniacs". Typical portfolios I have seen are usually under $200,000.

By comparison, when I meet people much less interested in investing with mutual fund portfolios and working with advisors, they tend to have much larger portfolios of $300,000 to $1 million and often much larger.

A comprehensive study by CIRANO showed people with advisors had 4.2 times more financial assets - after adjusting for age, income, gender and almost 50 other factors.

In my latest podcast episode you'll learn:

• 2 things you must focus on to achieve financial security.
• 4 key positive traits of people who work with financial advisors.
• Why financial planning – not investing – is the key to financial security.
• Why having a retirement plan is a huge factor in both achieving financial security and having a large nest egg.
• 9 benefits of having a financial plan.