Risk tolerance means different things to different people. Bring up the concept with your teenager, and he’ll probably think of the snowboarding trick he’s been gearing up to try. Your average banker, on the other hand, thinks of the volatility of the stock market. Today, we’re talking about risk tolerance as it relates to your investment portfolio, which means it’s just fine if you’re a little averse to extreme sports.
If money worries are keeping you up at night and hurting your ability to focus at work, you’re not alone. Not even close. Financial stress distracts 1 in 3 Americans in the workplace, according to a recent Center for Financial Services Innovation study. In fact, they’re taking twice as many sick days — proof that for some of us, financial stress is simply overwhelming.
Like chocolate and social media, credit cards are wonderful as well as potentially terrible, depending on how they’re used. When handled correctly, credit cards are an excellent way for you to demonstrate fiscal responsibility and boost your credit rating.
