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  • Kiplinger

    Managing Your Monetary Workforce

    by Chris Gullotti, CFP®, Financial Adviser, Partner, Canby Financial Advisors Jun 25, 2019 4 minutes

    How many times have you seen, heard or read market commentators, popular financial writers and stock pickers nebulously talk about "your money"? They act as if all of your money is sitting in one big, undefined pool that either instantly heats up or cools down based on the ever-changing conditions of unpredictable markets.

    But this really isn't true -- or if it is, it shouldn't be. A better analogy is to think of yourself as CEO of a monetary workforce, which has a variety of different jobs. These jobs determine how aggressively or conservatively your capital should be invested.

    If you're like most people, you tend to pay the most attention to money you spend on food, your home, clothes,

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