Hello, Wienavers. My name is Jesse Meekham. This is podcast number

372 for Wienab, where we teach you four rules to help you stop living

paycheck to paycheck, get out of debt and save more money.

If, this will be a quick one this week, I hope, if budgeting is all about setting up your plan,

looking at it, looking at the here and now, looking just a little bit ahead

into the future, and then as new information comes in, adjusting your plan, investing is the exact

opposite.

They're both plans, but the investing plan is long term.

The investing plan involves forecasting, looking at how much you'll need to contribute,

what your rates of return might be with different asset allocations,

looking at all sorts of different variables that come into play, but all over the long term.

With investing, once you have your plan, you set it up and then you never look at it again.

I love the budget morning routine where you just wake up,

it's early, you've gotten your wits about you,

you crack open the laptop

and you manually update your budget, you enter those transactions,

everything balances perfectly, birds are chirping, the sun is creeping up over the horizon.

And then with investing, no, you don't touch it, you don't look at it. It's not part of your morning

routine, your weekly routine, your monthly routine. Maybe semi-annually, you'd look at it and do a

rebalance if needed. Although there are services you can use that are dirt cheap

that will do all that rebalancing for you.

You really never have to look and revisit your investments.

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