An investment banker who quit her job to become a YouTuber — just two months before a six-figure bonus — now has over 1 million subscribers.
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ex-Singapore Airlines || Thought Leader || Speaker || Change Maker || Investor || Entrepreneur || Bullish on Bharat
One of my only goal is to be a $ Billionaire or lay the foundation for kids to be $ Billionaires. I 💯 % know this is possible only through Equity investing, apart from running a business. When I first met my mentor Global VP of CITI bank 26 years back this is what he said about Money. When people say Money is not every thing, I agree to that too and reply them saying " Money is not everything, but everything needs money ". When people go to restaurant why do they read the menu from right to left? ➡Money. Why people live in the house they can afford and not in the house they like? ➡Money. Why people drive the car they can afford and not drive the car they love? ➡Money. Why do people go to the vacations they can afford to and not the places they love to? ➡Again Money. The more money you have, the more choices you will have. Period. This opened up my eyes. I see lot of people wanted to be financially free too, but very few of them wanted to be financially literate. The more you read, the more you learn, the more you learn, the more you EARN. Agree?😊
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What are your financial 'blind spots' ? Here at Carbon it is our job to spend the time to find out - your motivations & goals will be the very first thing our Planner will want to know about you. Carl Richards #financialplanning #financialwellbeing
We all have blind spots, and by definition, you can’t see your own. Let me give you an example. One time, I was having a conversation with a friend of mine. Let’s call him Dave. Dave was a retired investment banker who really knew his way around money. If anyone knew how to invest, it was him. But he was looking for help managing his portfolio. I asked him, “Dave, of all the people I know, you’re in the best position to deal with your own money. Why do you need help?” “Carl,” he replied, “I could manage my own money, except for the ‘I’ part.” He recognized that when it came to his own money, he had blind spots. He recognized the value of having someone else help him see the mistakes he might make. This is an important point to understand: You don’t hire a coach, a financial advisor, or a consultant because you’re stupid. You hire one because they are not you… and by definition, that means they will see things about you that you cannot see about yourself. And that, my friends, in and of itself, is invaluable.
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Financial advisors aren't bad. I feel a kinship with with them in that we're working toward a shared goal: Helping people with money. Any individual would absolutely be better off using a financial advisor for investing compared to not investing at all. If that's the realistic choice in your life, stick with the advisor. Additionally, certain situations like those with very high net worths or dealing with complexities around estate planning or tax strategies in retirement may be well served by using a financial advisor. That said, for most young investors in the wealth building phase of their career using a financial advisor is absolutely not worth it. There's almost nothing tricky to be done with investing when you're building wealth. Plow money into a low fee index fund. Set up automated contributions. Leave it alone for years. If an investor charges just a 1% annual advisory fee and recommends actively managed mutual funds that charge (an additional) 1% expense ratio, that 2% net fee will erode about HALF of your portfolio over a 40 year investing career. And for those investing less than $250K or so, you won't get such a sweet deal. The advisors who will work with lower net worth individuals will charge front loads, statement fees, and more making the net impact that much worse. During your wealth building years, minimizing fees is one of the few things you can actively do to maximize your return. Some quick tips on sending a firing email: Keep it short and don't air any grievances. Choosing this time to complain will just give them an opportunity to respond, making it more drawn out and ugly. Genuinely thank them for their service, be polite, and wish them the best of luck. Once your assets are transferred over, make sure to set up your new account with the index funds of your choice. If you're new to DIY investing, check out the "start here" series (https://lnkd.in/g4usXdbg) As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often. -Jeremy #financialadvisor #financialadvisors #moneymanagement #learntoinvest #savemoney
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Welcome to the Money Agony Aunt series where we address some of the common things that we have been asked. Meeting an adviser for the first time can be a daunting experience. We look at the top tips to make your first meeting a success. 1) Take stock of where you are now, financially. An adviser needs to have a good grasp of your situation before they can advise you on the best solution. Don’t worry, you don’t need to have the answers to your financial situation. You just need to describe it. At the end of the day, it is the adviser’s job to provide the answers and help you get to where you want to be. So ahead of your first meeting, get an idea of: > Your income & expenditure. > Your property. Do you own or rent? Do you have a mortgage? > Any debts. > Pensions. If these are scattered around, this is completely normal. > Any existing investments such as Stocks & Shares ISAs or General Investment Accounts. > Cash savings including Cash ISAs and anything in Premium Bonds. 2) Take time to think about your objectives. Money is a means to an end. Defining where we want to be is the tricky part. Take time to think about what the money is for. It doesn’t have to be financial – in fact, very often it is not financial. It could be a change of lifestyle, change of career, or retirement. Having goals for your money is important. First, it helps you and your adviser determine whether investing is right for you and how much risk you need to take. Second, investors who have specific goals tend to stick to their investment plan. By doing so, they avoid one the most common mistakes that retail investors make – selling investments in a market downturn. 3) Find a good-fit. Find an adviser that you feel comfortable with. You will speak or meet your adviser on a regular basis, so choose someone with whom you feel you could build a good rapport. Have a money question? Don’t hesitate to get in touch: Fulham@RaymondJames.com #personalfinance #moneyagonyaunt Risk warning: This post is intended for information purposes only and no action should be taken or refrained from being taken as a consequence without consulting a suitably qualified and regulated person. Your capital is at risk when investing.
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Head of Research at iVentures Capital | Wealth Management | Family Office | Alternative & Global Investment Enthusiast |
I have been in private wealth for over 7 years now! Many clients ask me what is the best way to allocate their wealth? I say, none! Social media has made us believe that there are several rules we should follow to multiply our wealth. Frankly, no rule will cater to everyone and anyone's needs. Everyone has different goals, attitudes and experiences with money. You can't just minus your age from 100 and invest that % into equities! An aged risk-taking businessman might want to invest in midcaps, while a hybrid fund can be the best option for a retired professional wanting to be self-dependent. Portfolio planning is more based on psychology and circumstances. And learning just this has helped me achieve the financial goals of more than 100 clients! #invest #finance #personalfinance
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I help young adults kickstart their lives | Tips and tools to navigate adulthood + build a career and life you love
In a world where working is non-stop, what can allow you to retire? 6 years ago, I started learning about buying assets. I tried to acquire it but was met with numerous MLM bros and "Forex mentors" who wanted to sell me their programs. I was naive and enrolled. Years later, I had my bank account close to zero. But these experiences weren't wasted, I learned 3 things about buying assets: • I didn't have to go into trading • I didn't need a degree in finance • And I certainly don't need to listen to "finance bros" Most people are fooled by that. They are still trying to become the next millionaire and are spending $55,000 to get rich quickly. Now you know my story, it's time to stop trying to become a millionaire overnight. This doesn't mean you don't buy assets and hold cash (which loses value to inflation). All you need is a well-diversified index fund and hold for the long term. Here's a simple process to do that: https://lnkd.in/dUGGYPtH Are you acquiring assets? What type of assets do you favour? Let me know in the comments.
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Wealth Manager - Private Wealth at Fintoo - Building Trust and Technology in Wealth | MBA (Finance) | NISM VA
TRUE WEALTH Wealth can have different meanings for different people, for some it is in terms of money alone and for others it has more to do with emotions of flexibility and freedom than actual money in the bank. There is a big difference between becoming rich and building wealth. Some individuals become rich through financial windfalls, or unexpected large sums of money. Financial windfalls include things like an inheritance, or a professional athlete landing a big contract. Sadly, though, you can blow through lots of money in the blink of an eye! That is because the good habits that allow people to build wealth (generosity, planning, discipline and consistency) are the same habits that help people stay wealthy. No one becomes wealthy by accident. For financial advisors, wealth goes beyond just having a high income. They define it through net worth, the total value of assets minus debts, indicating financial stability and future growth potential. Building wealth involves diversifying assets across different categories, prioritizing assets with growth potential and income generation, and managing debt effectively. Financial advisors also emphasize the importance of long-term financial planning and risk management to ensure wealth is not only accumulated but also protected and sustained for the future. Ultimately true wealth is about three things: making an impact through giving, leaving a legacy, and having options for how you live your life. #Wealth #Wealth_Advisor
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Financial Life Planner 💰| Adjunct Professor of Finance at GGU 🎓 | Host of the Wealth In Yourself Podcast 🎙️ | Dog Dad | Hockey Player 🏒 | Motorcycle Rider 🏍️
I was glad to be able to share my thoughts on this important question. "𝗜𝘀 𝗵𝗶𝗿𝗶𝗻𝗴 𝗮 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝘀𝗼𝗿 𝗿𝗲𝗮𝗹𝗹𝘆 𝘄𝗼𝗿𝘁𝗵 𝘁𝗵𝗲 𝗺𝗼𝗻𝗲𝘆?" Sound familiar? This one is for you. Make sure to check it out! MarketWatch #finanicalplanning #financialadvisor #savemoneylivebetter
I’m ‘clueless’ about investing and ‘don’t know where to start.' I am considering a financial adviser, but is it really worth the money?
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Financial Adviser helping individuals meet financial goals | Financial Planner | SEBI Registered | Co-Founder | Speaker
This made my day today! A client sent me this message today morning. And it made me really happy. Driving financial literacy is not my profession. But it is something that is innate to what I do. I will tell you why. Till several years before, a bank RM used to visit my father. He used to recommend investments to him. Mostly ULIPs and sometimes Mutual Funds. Every time he used to say the following - 👨Sir, aap X amount invest kariye, Y years ke baad Z milega. Free mei insurance and tax benefit. (It was always a one line product pitch / explanation) 👨Mai toh roz yahi kaam karta hu Sir, I help people invest money. You can trust me (I know this best, I know it all) And my father did buy a few sub-optimal policies from him. Not because he understood the products. Not because he thought they were suitable to his circumstances. But mostly because long term investing was not his core competency and he didn't know how to educate himself. I realized long back that #wealth is not just a business of selling products. It is also a business of walking alongside the investor, making better decisions together and adding real value. And to do this, it is imperative that we educate our clients and people in general. Not give them conclusions about what is good or bad but tell them about variables which they should consider in decision making. Unfortunately, none of this happens in schools and colleges. But fortunately, a lot of us (like this client of ours) implement parts of it with kids at home. I can't even imagine how smart, prudent and judicious this child will grow up to become. Because, when I was 10, I hardly knew what a bank account was. This not only made my day but also motivated me to do more of what I do. This made me feel very fulfilled today. ❤
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Investing during bull markets is so easy, but when things don't go as you planned there is where people do and say the opposite things they were saying in the first moment. I just wanna say, that if you do your homework and keep investing the rest of your life, you will achieve big things, despite the money you invest. It's better to start with 50$ every month rather than nothing. Don't let short-term volatility affect your life or your financial planning. I made plenty of errors when I started investing such as investing all my money in a single stock or using leverage to achieve financial freedom faster, but then I realized this is not about that. If you wanna be a millionaire from day to night, don't invest your money over here. What I seek is to slowly and with time being our best friend compound my wealth over the years. And the only way to achieve that is with discipline and patience. Keeping your money in the bank is making you poorer every day. What I recommend as I do have a 6 month emergency fund and the rest start investing wherever you want. Some people who are close to retiring might not be interested in the stock market because short-term volatility can damage their wealth very fast. They may want to invest in bonds or short-term deposits. But if you are young and invest every month till you die 15/20 % of your income, I have no doubt that you will achieve something big.
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