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  • Nate Baim, MBA, CFP®

Attaining Your 2020 Goals


Enjoy this week's edition of the Planner's Beta


Beta (n) - climber's jargon that designates information about a climb This digest's purpose is to share observations, ideas, and treasures found this week which you may also find insightful. Sharing does not mean it's an endorsement. I am endorsing the pursuit of knowledge and exploration.



Something from Nate

Using a calendar and task reminders to stay on top of your finances.


Something Fun

Glamping is hotter than ever, just ask millennials (Curbed) - Sure, Millenials may be killing off specific industries (cereal, napkins, cable TV, etc.). But recent data from Kampgrounds of America shows Millennials and GenXers may be helping (or creating?) the Glamping industry. Nearly 1/3 of American's went Glamping within the past two years. And, about 2/3 of Millenials and GenXers who have Glamped (not-roughing-it camping) want to Glamp again. And guess what? Many Millenials have cash strapped budgets, and Glamping is usually more cost-efficient than a traditional vacation. So, those Avocado Toast loving "kids" can be a bit creative.


Something about Financial Planning

Creatures Of Habit: How Habits Shape Who We Are — And Who We Become (Hidden Brain - NPR) - Trying to tackle New Year's resolutions? Changing behavior is hard, especially when tackling your budget, saving, or paying down debt. Will power alone is usually not going to result in the desired outcomes. Determination is essential for the start of creating new behaviors. But creating more sustainable changes requires setting up your life so that you don't have to think about your desired new habits. Reduce friction and stress in the tasks you want to become a habit. You can do this by creating small and easy steps that support your desired patterns. The goal is to automate the hard work, so it takes less conscious action to create a habit. At Pursuit Planning and Investments, LLC, we try to do this by creating small weekly and monthly tasks throughout the year and by being your accountability partner.


Something about Economics / Investing

70% of American investors wish they’d handled money differently in 2019 — here’s their No. 1 regret (CNBC) - According to a NerdWallet survey of over 2000 investors, the most often cited regret was not investing more in 2019. Hindsight is always 20/20. 2019 was a stellar year for investment returns. But don't let recency bias have you think 2020 is going to be like 2019. Investing is about having a plan. Your plan should have clearly defined goals, and it should outline the amount of risk you are willing and able to take.


 

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Have something on your mind? Feel free to schedule a free call with Nate.

 

Pursuit Planning and Investments, LLC is an Investment Adviser registered with the State of Oregon. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Past results do not guarantee future results. Please contact us at 971-803-5948 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from PPI with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, www.planyourpursuit.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.


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