My Next Move

How do I know when I’ve made it?


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Are you “Well off”? Behavioral Scientist Michael Liersch thinks it all depends on how you define the concept of financial success. In this episode of My Next Move, Michael imparts some sound financial advice as he reveals a shocking statistic: more than eighty percent of the world’s population survives on less than ten dollars a day. That really puts things into perspective. And as this podcast points out, knowing you’ve “made it” in terms of wealth isn’t nearly as important as knowing how to be financially intentional and goal-oriented. Michael suggests labeling goals, exactly. What’s important to you and in what order? Money for education? Lifestyle? Philanthropy? And how much do you need for each? It’s this hierarchy that makes getting to where you want to be that much easier. There’s a good chance that all that’s standing between you and your definition of financial success is a healthy dose of structure and discipline.
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My Next MoveBy J.P. Morgan Asset & Wealth Management