Daily Dupaco

Wednesday, January 03, 2018

Mairzy doats, goals and oats

Welcome to another year with Dupaco! Hopefully 2017 went down as smooth as that last cup of RumChata and coffee. Or, perhaps the year was a bit more challenging, like a spoon cutting through overcooked beef tenderloin?

Regardless, our aim is to start 2018 with renewed spirit and the steel resolve of the Quaker Oats man! Speaking of which, January is National Oatmeal Month. What better way to address financial goal planning than utilizing the hardy, stick-to-your-ribs, pantry mainstay.

The message: Make SMART goals

To save money, or eliminate debt, it is best to use concrete numbers to establish such a goal.

To say, “This year, I’ll pay down debt,” or “I’m saving more money,” is a losing proposition. Instead set goals like, “I’m going to add $100 a month to my mortgage payment,” or “I’m going to increase my 401(k) contribution by 2 percent.” By using solid numbers, we are ultimately more accountable to meeting a specific objective.

For some, the stress of goal planning is much like the texture of oatmeal. The course, gluey texture can distract one from realizing the health benefits and end results. But just try to get one spoonful down the gullet, then the next; you’ll realize it’s not too bad.

by Michael Poppen

Securities and Advisory services offered through LPL Financial, a Registered Investments Advisor. Member FINRA/SIPC Insurance products offered through LPL Financial or its licensed affiliates. Dupaco Community Credit Union and Dupaco Financial Services are not registered broker/dealers and are not affiliated with LPL Financial.

The investments products sold through LPL Financial are not insured Dupaco Community Credit Union deposits are not NCUA insured. These products are not obligations of Dupaco Community Credit Union and are not endorsed, recommended or guaranteed by Dupaco Community Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

Not NCUA Insured – Not Credit Union Guaranteed – May Lose Value

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: Iowa, Wisconsin and Illinois.

Check the background of investment professionals associated with this site on FINRA's BrokerCheck.

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