When considering one’s legacy, deciding how much to leave your children, grandchildren and other beneficiaries is one of the most important questions families face particularly the wealthy. The range of possible answers is ‘everything’ to ‘nothing’.
When the media raises the subject of beating the market through astute stock picking, the name ‘Warren Buffett’ is usually cited. But what does this legendary investor actually say about the smart way to invest?
Over the years we have attended many local schools and presented financial seminars to Year 11 students on the fundamentals of managing money. What really amazed me was the reaction we would receive when handing out the following projection showing them the benefits if they were to start saving earlier in life. Silence would usually descend on the classroom and amazement as to how someone could put less away over a shorter time period and have more money in the future, as opposed to someone who has saved more over a longer term.
Financial literacy is one area that is not widely taught at school but is definitely required for everyday living.
For this week’s blog we have attached a Cover Story Article from Money Magazine written by Frances Easton as the contributing expert.
Hope you enjoy the case study.
In many areas of life, intense activity and constant monitoring of results represent the path to success. In investment, that approach gets turned on its head.
When you haven’t got much capital of your own, the road to financial security can seem long, hard and complex. But the truth is that wealth building is relatively simple. All it takes is time and the price of a cup of coffee.
People who make bad money decisions can often rationalise them. Here are 10 common excuses.
