I didn't notice the weight slowly piling on week by week. A year passed and I was obese! I hadn't noticed the small change each week until it was too late.
Fees are very similar. They are small enough that you don't really notice them at the time, they are hidden from you and they just gradually erode your wealth over time. You wake up a decade or two later and you aren't worth what you thought you would be! Fees are the hidden element in investing that makes everyone else wealthy apart from you! Let's tackle fees together
Therefore success is determined not by the elimination of problems but by how you react to them. This week I and Katie have had some problems. The Donegans are human after all. It is how we react that is important.
You panic, close the laptop and go back to watching Netflix! When Katie and I started to look at the Vanguard site to choose which fund we had several false starts and were nearly put off investing! Open up the Vanguard site and let's go through it line by line together...... (this is the UK site but most of the terms are the same globally)
Alan Donegan: PopUp Business School Co-Founder, Entrepreneur, Financially Independent Pizza Lover, Marvel Movie fan and soon to be Script Writer
I built this website to share the life lessons I learn along the way, the cool stories, the adventures, the amazing people and everything I learn from all the stupid mistakes I make! If you want to keep up to date then stick your email in below. I promise to never share your email address or spam you! Alan