{"id":512,"date":"2012-02-23T03:03:33","date_gmt":"2012-02-23T11:03:33","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=512"},"modified":"2012-02-29T21:35:38","modified_gmt":"2012-03-01T05:35:38","slug":"secrets-of-fantasy-baseball-that-can-help-your-finances","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/secrets-of-fantasy-baseball-that-can-help-your-finances\/","title":{"rendered":"Secrets of Fantasy Baseball that can help your finances"},"content":{"rendered":"
\"Can<\/a>
Can you win with your financial fantasy team?<\/figcaption><\/figure>\n

The secrets to a great fantasy baseball draft can help you draft a winning financial team.\u00a0 Balance power and speed, and make sure you don\u2019t put too much money into a single position.\u00a0 Additionally, your financial team will hit injuries during the season so you\u2019ll need to adapt on the fly.<\/p>\n

First and foremost, both with your finances as on your fantasy baseball team, you need a strategy.\u00a0 Whether your strategy is to focus on pitchers first, to have a balanced team or decide you\u2019re going to punt a category like homeruns and focus on dominating in the remaining categories, the important part is you have a strategy.\u00a0 Just as with your finances, you can track all your spending every month, or you can punt and just focus on just the largest categories.\u00a0 The important part is to have a strategy and follow it.\u00a0 The details of the strategy you choose are less important than your decision to follow one.<\/p>\n

\"What's<\/a>
What's your strategy, balance or domination?<\/figcaption><\/figure>\n

When a new season starts, you usually have a few players you keep from the prior year, and the remainder of your team you draft fresh.\u00a0 You should keep just the best portions of your financial team in place, and feel free to add or change the other positions so that you have the best team going forward.\u00a0 You could evaluate if you want to keep your credit cards or open a new one with a signup bonus.\u00a0 Are you happy with your lawyer and accountant?\u00a0 Do you need a lawyer or accountant and you don\u2019t have one?<\/p>\n

During the draft, you need to make sure that you address every position. \u00a0You won\u2019t be competitive without a first baseman, just like you won\u2019t be financially competitive if you don\u2019t have any investments.\u00a0 Make sure every position is filled, even if you don\u2019t get exactly the player you want.\u00a0 Make sure that you\u2019ve got your investments, savings, emergency fund, credit cards at zero balance, and an income of some kind.\u00a0 You need to make sure all these positions are addressed before you add other players to your team.\u00a0 While assembling your team, make sure that you don\u2019t put too much of your budget into a single player, just like with your finances.\u00a0 You need to make sure that you have enough cash to cover all your monthly expenses.\u00a0 If you get a star pair of earrings early on, you may be eating Ramon the rest of the month.<\/p>\n

\"How<\/a>
How do you deal with financial injuries?<\/figcaption><\/figure>\n

Just like in real baseball, things go wrong, and players get injured.\u00a0 Same thing with your finances, things go wrong, emergency home repairs pop up, you\u2019ll get sick or injured, and you\u2019ll need to deal with the fallout.\u00a0 Being flexible is a virtue in both fantasy baseball and your finances.\u00a0 There are a lot of ways to be flexible in baseball, but not so many with your financial team.\u00a0 The biggest idea that will give you flexibility is having a substantial emergency fund.\u00a0 Without this, you\u2019ll need to be willing and able to cut expenses quickly and deeply should the need arise.\u00a0 This could include cutting cable TV, selling your car, or trying to work a second job.<\/p>\n

Whether in fantasy baseball or your finances, the goal is to put together a team that will give you the best chance of winning.\u00a0 Whether that means paying down all your credit card debt, beating the market with your investments by 10%, or adding to your income with a new side venture, you want to put yourself in the best position with the best team.<\/p>\n

Readers, who are the star players on your financial team? \u00a0How do you deal with a setback or an under-performing player?\u00a0 What about a sleeper, something that delivered value far in excess of what you paid?<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The secrets to a great fantasy baseball draft can help you draft a winning financial team.\u00a0 Balance power and speed, and make sure you don\u2019t put too much money into a single position.\u00a0 Additionally, your financial team will hit injuries during the season so you\u2019ll need to adapt on the fly. First and foremost, both […]<\/p>\n","protected":false},"author":1,"featured_media":513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[13,48],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/512"}],"collection":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/comments?post=512"}],"version-history":[{"count":0,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media\/513"}],"wp:attachment":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media?parent=512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/categories?post=512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/tags?post=512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}