How to invest your precious earnings is a delicate matter and requires a lot of thought. It depends on so many factors, and that makes it complicated. But it is crucially important, so please do not ignore it just because you get overwhelmed. Let us clear it out together.
In this post I will try to simplify it for you. I will give you general advice and I will tell you how I have solved the financial puzzle for me and my family.
First advice: Go and see a financial advisor, it is worth every penny. This is their line of expertise, not ours.
But before you go to seek advice, you need to find your purpose and your goals. As with everything in life it is important to now why and to map out the overall picture. The chance of getting the right advice’s on how to invest in your financial situation will increase significantly if you come prepared.
The second advice: Divide your future economic goals into different plans. Or let’s use the very popular term “buckets”.
Let’s say you have a bucket list that you want to complete during the rest of your life. Let’s split this list into different “buckets” depending on time frames.
First bucket: Things you want to do when the golden years of retirement comes.
To get a nice retirement we need to play safe. And we do have plenty of time to make it.
Second bucket: Things you want to have or experience until retirement.
To have a good life until then, we need to maximize the return without risking too much.
Third bucket: Things you plan and dream about buying or doing now.
To get wild and do what we really want, we need to get crazy…
Do you start to see the picture now? If you divide it like this, your financial advisor will know exactly how to lay out the investment plans for you.
Third advice: Make sure you have plenty of monthly savings. Preferably with different purposes (next car, next vacation, pension etc.)
As an example so that you understand it completely, I will show you my thoughts and how I have laid it out:
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My retirement plan consists of real estates, employment pension and monthly savings.
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My plan to afford new cars, renovations and great vacations etc. consists of monthly savings invested in mutual funds and stocks.
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My dreams and desires are funded by online programs like digital currency, traffic exchanges and high risk investments.
Who are you? The one who always spends and never saves. Or the one who always saves and never spends?
In my family I am the spender, and my wife the saver. We solved it by me paying all the bills plus most of the expenses, and my wife making all the savings. We live in a bought apartment and have bought one more that we rent out. We have saved all the child benefits for the sake of their future. And we have nice buffers if need be.
A couple of years ago I started spending money online and I am now starting to reap the rewards. I use these funds to buy things that I normally would not even consider. Last Christmas I bought a really nice gaming computer, piece by piece, for my son. We then built it together. This summer I bought the new MacBook for my daughter, and now I am about to buy us a robot vacuum cleaner. The “dreamplan” for summer is to make this years vacation trips luxurious 
As you may notice, the key is as always to diversify. You need long-term investments as well as short-term. You need low risk as well as high risk. And you need to invest in different fields, not to put everything in the same nest.
The Tony Robbins team wrote a nice post about the choice of advisor that you can find here: FIND THE BEST FINANCIAL ADVISOR
I will go and see my financial advisor on Friday, to get his view on how to invest and how to diversify our savings and pension funds.
Good luck, and take care
Peter Cernvall