The document provides tips for avoiding common wealth management mistakes. It advises starting a long-term savings plan now while prioritizing paying off debt and building a cash reserve. Investors should focus on net returns after expenses and taxes to maximize profit. It also stresses the importance of open communication with an advisor who understands personal goals and can incorporate financial factors into a long-term wealth building plan. Researching pricing mechanisms, deciding between accumulation and distribution of assets, diversifying investments, and balancing portfolios are also discussed as important considerations for strategic wealth management.

1. HOW TO AVOID
COMMON WEALTH
MANAGEMENT
MISTAKES
Jeff Ber

2. START NOW!
The ultimate goal is to
save up for the long
term, pay off debt, and
build up a cash
reserve. In good
proportion, start now
and prioritize in equal
measure.

3. FOCUS ON
YOUR NET
RETURNS
Profit is not profit until
you reduce all expenses
that are inclusive of tax.
Hence, maximizing net
profit returns should be
your driving force.

4. WHAT
RELATIONSHIP
DO YOU HAVE
WITH YOUR
ADVISOR?
Communication is a primary key! Get an advisor
who understands you, who understands what you
want, and can incorporate financial factors to
build your long-term wealth.

5. BE UP TO DATE
WITH PRICING
MECHANISMS
Disregard traditional
mechanisms and your
peer’s opinions. Get
facts and do intensive
research into your
financial deals.

6. DISTRIBUTION
OR
ACCUMULATION?
Is it advisable to
protect your wealth, i.e.,
accumulating or
distributing it to various
viable investments to
generate income in the
long run? Find the
answers to this question
if you want to manage
your wealth
strategically.

7. DIVERSIFY YOUR
INVESTMENT
It’s been said that one should not put all their
eggs in one basket. Ensure your portfolio is
balanced to avoid business failure.

8. For more money management
tools, visit Jeff's website!
w w w . J e f f B e r . n e t