Events
Principle 8: Keep your financial costs low
[dropcap background=”” color=”” circle=”0″]A[/dropcap]gents, brokers, financial analysts; practically everyone in the financial world is making money on their investors’ cash. When you buy insurance, your agent gets a portion of your payment. When you join mutual funds, fund managers take money out of the sum that you choose to give. When you buy a home…
Principle 7: Start building wealth through savings
[dropcap background=”” color=”” circle=”0″]W[/dropcap]hat is your attitude toward your paycheck every month? Do you consider it your reward for working hard and your key to unwinding through shopping, eating out, and the like? Or do you immediately feel that your salary is inadequate for your bills and spend the day sulking in a corner while…
Principle 6: Avoid big mistakes, especially early in life
[dropcap background=”” color=”” circle=”0″]E[/dropcap]ver heard that advice that says don’t be afraid to make mistakes while you’re young? Or quotes telling you to be “young, wild, and free”? I have to tell you, after listening to award-winning financial analyst Andrew Stotz’s thoughts on personal finance, I can say that while we should not be afraid…
Principle 5: Do it yourself
[dropcap background=”” color=”” circle=”0″]P[/dropcap]ros don’t always work for you… Internationally acclaimed financial strategist Andrew Stotz encourages people who have time, knowledge and interest to handle their own assets rather than paying fund managers hefty fees to do it for them. After all, fund managers are well-educated people who need to be paid in accordance with…
Principle 4: Be realistic about stock market returns
[dropcap background=”” color=”” circle=”0″]I[/dropcap]f you’re under the impression that investing in the stock market is your ultimate ticket to the life of the rich and famous, please wake up. Dreaming big is not a problem in the world of finance, but assuming everything will turn out great for your money is. If there is one…