How Do You Manage Your Money?

TMBA328: How Do You Manage Your Money?
Date: 2016-03-17
Link: Tropical MBA
 
Tropical MBAWe live in the economy that is driven by spending.
At the end of the day you have to do what is right for your client.
You’re not going to survive the market on your own.
25% of Americans have less than $1,000 saved.
50% of Americans have less than $5,000 saved.
90% of people have less than $100,000 saved.
You need to understand the tax implications of assets.
Every decision you make has a consequence.
You always want to look at the underlying investments to make sure you are not exposing yourself to too much risk.
Long-term this country is poised for incredible growth.
Systematically over time put money away and do it wisely. Have a goal in mind.
The average person spends more time planning their vacation than they do their retirement.