Financial Peace of Mind Not Always About Dollars and Cents
Readers detail times they made financial sacrifices in exchange for a better night's sleep.
In an age when our financial well-being is usually expressed in terms of numbers--the size of our paychecks and bank accounts, the amount we need to have saved up before we can retire, and so on--it's easy to forget that the ultimate goal isn't just having enough, it's how having enough makes us feel. If you look deeply enough, you may find that the real goal is to have peace of mind--secure in the knowledge that you can afford the lifestyle you want now as well as later in life, and that you can weather any financial storm.
In some cases, achieving peace of mind may mean making financial sacrifices. Think of a retired investor who is content to settle for the lower returns offered by a 50% stock/50% bond portfolio rather than risk the volatility (and sleepless nights) of a portfolio made up entirely of stocks. Or think of someone who prefers to keep an unusually high allocation to cash in case of emergencies or just to be on the safe side in case the market heads south.
Adam Zoll does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.