Managing financial assets is something that is popular to many individuals thinking of their future. There are several financial management firms that take the responsibility of managing a person or companys worth to try and make the most with the money. Financial asset management is a field of work that consists of usually finance majors that are qualified to work with investments. The longer the consultant/broker is with the same client or...more
It is true, you can build personal wealth. When you choose the right scheme for your financial budget, when you understand the importance of savings and good investments, and incur fewer debts, it is possible to achieve your financial goals. In setting your financial goals, it is important to define wealth. What does it compose of? What are the scopes of your financial goals? Make a list of all your financial goals and refer to it periodically,...more
People who are successful in achieving their financial goals know that it did not happen overnight, after a week, a month or even a year after that. In contrast, it took them years to build personal wealth. They set specific financial goals, managed the risks and strive hard to achieve them. In making strategies, it is important to focus them on specific goals. Now, in preparing and setting your goals, do not forget that you are human. No matter from which angle you will take a peek, you have limitations. Here are few considerations to remember:1. Be realistic. Study, analyze and evaluate your resources, which include not just your finances, but also your knowledge, skills, abilities, manpower and your environment. 2. Set time restrictions. Depending on the type of goals that you pursue, you must set time limits on each of them; and do your utmost to achieve your goals within the time frame that you have given. Avoid procrastination.3. Create a plan. Your plan should help you materialize your goals. It should purport to its achievement, and should help you get back on the right track should you deviate from your plans.4. Be flexible. Do not become narrow-minded. There are...more
Author: Dolph LundgrenWhat could feel more liberating than the idea of financial freedom? The fantasy is usually manifested in the ubiquitous question, “What would you do if you had a million dollars?” Almost always, the answer involves the freedom to do the activities one loves, to pursue a precious hobby or realize a life dream without the...more
Individual Retirement Accounts are investment tools that many people use to help build personal wealth. These are earmark funds for retirement security. The funds on the IRA grows tax-free until your retirement, at which time, your money is ripe for withdrawal. You can open an IRA at a bank, insurance company, and mutual fund company or brokerage...more
It is human nature to build personal wealth. There are different concepts that can be inferred from wealth. It could mean financial freedom to most men and worry not about their family's future. It could also mean retirement security and never have to worry about the expenses after working years; some even consider early retirement when they have found financial security. While it may take huge steps to have financial wealth, there are people who find success even in making smalls steps each day. In fact they believe that even small decisions can provide great impact on their financial goals. Here are few of them:1. Make it a goal to have regular savings. It could be savings everyday, every week, every two weeks, or monthly, it does not matter, as long as it becomes your habit. You can even make it an automatic deduction from your salary at each time. It may not build personal wealth, but it does have its contribution.When you receive your salary through bank payroll account, you can give instructions to the authorized bank personnel to transfer some funds to another bank account under your name whenever pay day comes.You may also find it useful what other people does everyday....more
Saving and Investing are two tools that can help build personal wealth. Saving money is a result of a well-developed budget. When it comes to investing, there are risks that you need to consider and managed. At most, people who are financially...more
Financial freedom is a state where money is no longer an issue in your life. You never need to worry about not having enough money. You never need to think about having to make money. And your choices are not determined solely by the cost. Financial...more
If you have ever wanted to get into business for yourself, now is the time. Never before have people needed the freedom that comes with self employment as they do now. And never has there been so much opportunity. Sure, the job market may be scarce,...more
Traditional retirement means retiring at age 65 and do one or more of the following: stay at home and wait for your pension every month; do some hobbies for the elderly, such as knitting and gardening or golfing and traveling the world for those who...more
If your primary goal for 2010 is to become wealthy, you will need to learn these three steps on how to be wealthy. One of the best things about these steps is that you can apply them to other aspects of your life which will help you achieve...more
A purposeless retirement means spending the rest of your retirement years doing practically nothing. Leisure and travel right after your retirement is like your gift to yourself. These things do not last for long though even if you have a big fat...more