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The importance of rebalancing your portfolio to meet your changing financial needs and goals: A journey of FIRE (financial independence retire early)…

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  Dave Ramsey:  “You must gain control over your money or the lack of it will forever control you.” In my early days of investing, way back in 1996, I honestly didn’t know squat about investing.  That is fact.  I didn’t know how 401k’s or IRA’s worked, nor did I understand what all different types of mutual funds did.   Back then, it was just too much to take all that new information in.  I mean, I was barely 25 years old.  I knew retirement was probably 40 years away and besides, why worry about the future when you need to enjoy life right then and there? I didn’t care to learn about investing.  I just took the advice of my colleagues and selected the mutual funds that they themselves chose.  It was investing on cruise control.  I didn’t want to know and I didn’t really want to spend the time to learn about any of this complicated stuff. After putting away portions of my paycheck every two weeks, I found out my 401k account was growing....