Mistake #9: Not being willing to pay for professional financial advice. Many people rely only on free online advice rather than paying an expert to analyze their unique situation and recommend tailored solutions. While general advice can help, professional guidance may be needed for complex financial decisions. Not paying for expert advice can lead to missed opportunities or mistakes that end up costing more in the long run.
13 things getting rich will you changeSaleem Qadri
Your life will never be the same once you get rich, and that is a proven fact. Have you ever wondered why some people always say bad things about rich people? Yes, most of the time, it is because of the changes that take place in their lives.
13 things getting rich will you changeSaleem Qadri
Your life will never be the same once you get rich, and that is a proven fact. Have you ever wondered why some people always say bad things about rich people? Yes, most of the time, it is because of the changes that take place in their lives.
Delivering the Millennial Experience: How to Engage Generation YBen Puffer
2016 MCUL Lending & Marketing Conference
In 2015, Millennials surpassed Baby Boomers as the largest group of the U.S. voting population. As Boomers transition into their well-earned retirement, Millennials will take the stage as the focal group for marketers, lenders and managers. This session will explore who the Millennial Generation is, what is important to them, what they expect from credit unions and how to engage them with credit unions on multiple levels.
This presentation focuses on helping educators understand their role when faced with students using social media and how the choices our students make affect the learning environment. It also gives educators resources to help them be proactive in teaching students how to be good digital citizens.
Are you a business owner? Then here’s a financial planning boot camp that just might be fun. We’ll cover the six main items you need to understand and review key questions to help you figure out the finances of your business. Topics include investment strategies, how much insurance you need, setting up financial filing systems and who to turn to for help. Come with questions and leave with a plan and checklist to get you on track.
Speaker: Dave Caruso, Founding Chair & Managing Director, Coast Capital Group
Twitter: @CoastalWealth
LinkedIn: linkedin.com/in/davecarusoccg
Blog: coastalcapitalwealth.com/news/
Facebook: facebook.com/CoastalCapitalGroup
his presentation was given to business owners and other leaders in Massachusetts’ North Shore April 2014.
Venue: Enterprise Center, (Hawthorne Hotel), Salem, MA
Speaker: Dave Caruso CFP® | Founding Chairman / Managing at Coastal Capital Group | WBZ1030 Boston Financial Editor
Topic: ‘Getting Your Financial Act Together’ (View the presentation slides below.)
Coastal Capital’s major themes of focus in educating you as to how to ‘Connect Your Money With Your Life’ are: Mindset & Psychology; Lifestyle; Investment Services; Financial Plans and Health.
Its not only about getting a solid financial plan in place to handle your investments, its also about helping with the other important parts of your life so that there is balance. One should understand what your mindset is in the psychology of the markets and behavioral science as well as understanding investments and putting a plan together
Theme: Beauty Money Sex Love Faith Substance, the six entities that most acutely influence the choices and aspirations of urban young Indians. It also features our proprietary "mindset archetypes" which help understand factors that influence brand decisions better.
The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet.
https://www.entireweb.com/free_submission/?a=jinghua
One of the keys to reducing debts when studying is to save money and spend
less. Whether you are studying abroad or not, it is important to keep in
mind saving money as this can offer you peace of mind once you have
graduated and started paying your debts due to your studies. This can also
let you avoid some financial issues. In this book, the common strategies for
saving and spending while studying will be revealed.
How to Retire Rich is an ebook which deals in achieving financial literacy which will lead us to become aware that we need to prepare for our retirement. As such, it discusses the tools, the ways and means that we can use in order to retire rich.
Delivering the Millennial Experience: How to Engage Generation YBen Puffer
2016 MCUL Lending & Marketing Conference
In 2015, Millennials surpassed Baby Boomers as the largest group of the U.S. voting population. As Boomers transition into their well-earned retirement, Millennials will take the stage as the focal group for marketers, lenders and managers. This session will explore who the Millennial Generation is, what is important to them, what they expect from credit unions and how to engage them with credit unions on multiple levels.
This presentation focuses on helping educators understand their role when faced with students using social media and how the choices our students make affect the learning environment. It also gives educators resources to help them be proactive in teaching students how to be good digital citizens.
Are you a business owner? Then here’s a financial planning boot camp that just might be fun. We’ll cover the six main items you need to understand and review key questions to help you figure out the finances of your business. Topics include investment strategies, how much insurance you need, setting up financial filing systems and who to turn to for help. Come with questions and leave with a plan and checklist to get you on track.
Speaker: Dave Caruso, Founding Chair & Managing Director, Coast Capital Group
Twitter: @CoastalWealth
LinkedIn: linkedin.com/in/davecarusoccg
Blog: coastalcapitalwealth.com/news/
Facebook: facebook.com/CoastalCapitalGroup
his presentation was given to business owners and other leaders in Massachusetts’ North Shore April 2014.
Venue: Enterprise Center, (Hawthorne Hotel), Salem, MA
Speaker: Dave Caruso CFP® | Founding Chairman / Managing at Coastal Capital Group | WBZ1030 Boston Financial Editor
Topic: ‘Getting Your Financial Act Together’ (View the presentation slides below.)
Coastal Capital’s major themes of focus in educating you as to how to ‘Connect Your Money With Your Life’ are: Mindset & Psychology; Lifestyle; Investment Services; Financial Plans and Health.
Its not only about getting a solid financial plan in place to handle your investments, its also about helping with the other important parts of your life so that there is balance. One should understand what your mindset is in the psychology of the markets and behavioral science as well as understanding investments and putting a plan together
Theme: Beauty Money Sex Love Faith Substance, the six entities that most acutely influence the choices and aspirations of urban young Indians. It also features our proprietary "mindset archetypes" which help understand factors that influence brand decisions better.
The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet.
https://www.entireweb.com/free_submission/?a=jinghua
One of the keys to reducing debts when studying is to save money and spend
less. Whether you are studying abroad or not, it is important to keep in
mind saving money as this can offer you peace of mind once you have
graduated and started paying your debts due to your studies. This can also
let you avoid some financial issues. In this book, the common strategies for
saving and spending while studying will be revealed.
How to Retire Rich is an ebook which deals in achieving financial literacy which will lead us to become aware that we need to prepare for our retirement. As such, it discusses the tools, the ways and means that we can use in order to retire rich.
Principles of Marketing for B.Com,
Presented By
V.Gopalakrishnan.,M.Com.,MBA.,M.Phil.,PGDMM.,
Assistant Professor,
Dept of Commerce,
Kamaraj College, Tuticorin
A Brief review of why everyone needs a written financial plan, one that has been updated within the last 12 months and the 11 mistakes that you do not want to make in your financial plan.
Creative Wealth Intl., LLC has been offering unique financial education solutions since 2002. Beginning with The Money Camp and now Camp Millionaire and The Money Game, teaching kids and adults has never been so effective or so much fun!
In this day and age, there really shouldn't be any reason to make certain financial mistakes. Do a search of the internet and you will find that there are thousands of articles out there that warn you of the pitfalls of certain choices. Advice for living a financially stable life is everywhere. What are you waiting for?
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
1. Mistake #1 : Spending more than you should
Sometimes, people spend impulsively, on things which they do not really
need. Just because, your plastic card is in your wallet and you "might" need it
in future makes you believe that you need to get it right now. A brand new
camera, with a 100 megapixel sensor and a 2000 x zoom is available at an
EMI ofjust 1999 per month -- and suddenly you're interested in Photography!
An EMI of 2500 a month, for that magical million colour, anorexic Flat
Screen TV creates a magical belief in you that your normal TV at home is
now really blurry these days (not to mention really fat!) Is there a need, to
splurge on Movies and eat out, every weekend?
A regular meal at home, with a movie on tv is also a good weekend, at
times. With many people, savings occur, only if they are left with any money
at the end of the month. This needs to change - start saving first, then spend
on what's necessary and then spend on your desires - last. Financial planning
does not mean compromising your dreams or what you love to splurge on; it's
all about knowing what you need and what you don't, & knowing it well! .
2. Mistake #2 : No Financial Education to Spouse and Kids
• Most people are more comfortable talking about SEX rather than
FINANCE to kids (just kidding.) They dont feel the need to tell their
children that they have bought life insurance for them (the kids) should
they be hit by a bus tomorrow (the parents, not the kids :) ). Once
children reach an age of maturity like 16 or 17; when they can understand
things & reason well and can take on responsibilities to some extent...
Please start telling them about money and finances. Once you are gone,
you can't even regret. Kids should know what your work is & how much
you earn. They should be clear on how you are saving money to fund
their education, bike , trips etc. Once they know about life t it, chances
are they will be a lot more supportive, would be realistic in their
demands & stay well within their limits. Kids don't know sometimes, how
much pain you take in earning money.
Contd….
3. Mistake #2 : No Financial Education to Spouse and Kids
• Most of the times, kids know your salary and your designation at
company and assume the family to be a "higher middle class" one. Once
you tell them about Home loan EMI, Car Loan, other liabilities,
Retirement Savings, Education Expenses, Marriage expenses and the
medical emergencies for which you are saving, they will have a better
idea about the current situation and they will act responsibly. Parents
feel a little uncomfortable, telling their kids these things, as they feel
children are still young and such information will create unneccessary
psychological pressure and they would not talk about their demands and
be unhappy. Parents feel that children should start learning about
finance and applying that knowledge, once they are in a job and start
earning. I say, if your finances and spending habits are messed up today,
a big reason could be that, your parents never talked about finance with
you openly. The same applies to spouses. Imagine, if you had all the
knowledge and best practices you have learned on this blog, 10 years
ago; or when you started earning? The situation would have been very
different today, wouldn't it? Dont let this happen to your kids: Teach
them!
4. Mistake #3 : Imbalanced Asset Allocation
• A lot of people have a tendency to start working and then never look at,
or review their finances. Tax Planning is nothing more, than a "signature"
on some form for them. Initiatives from their side are limited to just
calling an "agent" and nothing more. When they finally look back at
their finances, they find that they have 40 Lacs in FD's and 25 lacs lying
in Bank. This happens a lot with NRI's working outside the country. These
are 35 yrs old who have 90% in debt or Cash, and 3-4 mutual funds and
shares bought in recent years just for "trying". This category misses a huge
amount of returns which they could have made with just 4-5 hours of
planning or hiring a proper investment consultant.
• On the other hand, there are investors who have no PPF, no FD, no Debt
Funds, no bonds; they just do share trading, buy direct stocks, invest in
just Mutual funds (pure equity). Their imbalanced Asset allocation is
responsible for the huge ups and downs their portfolio takes. One year
the worth of their portfolio will be 10 lacs, the next year it will be 7, then
suddenly it will be 14 lacs the next year. The numbers dance with huge
fluctuations, but at the end of let's say, a decade, they look back & find
they are nowhere better than their "High debt Instrument" kind of
Investor brothers .
5. Mistake #4 : Buying products from Close One's
• Will you sell a junk product to yourself if there's a 35% commission and it
will be a burden to you all your life ? I don't think so, but if you had to
sell it to your friend, colleague, brother-in-law, sister-in-law, father's
friend etc, you'd consider it, wouldn't you? That's what happens in real
life too. Most times, the "Best plan" comes from one of your relatives or
some one known. STOP IT PLEASE! .
• A simple NO might hurt your relations with said person, but it will save
you, your hard-earned money, rather than waste it on idiotic products,
which you'll regret for life :) It's just common sense that there are better
advisors and consultants than your relatives or a close ones, unless they
themselves are known and respected in the field (of finance). Read :
"Papa Kehte Hain" problem in Personal Finance Most of the readers here,
have shared their bitter personal experiences, where they bought
products because it came from their relatives, Uncle's et al. This happens
a lot with young guys yet to start working, and their fathers have bought
policies for them and then delegated the premium paying responsibility
to them once they start earning, it's a real "burden of legacy" .
6. Mistake #5 : Unrealistic returns
• Risk free returns, in our country are amongst the highest in the world. In
countries like US, the interest rates are 1-2%. Equity markets in our
country continue to provide 12-15% annual returns (Find Why) . But how
much do investors expect from equity these days? A lot! No one is ready
to settle below 20-25%? 12% is abusive to them, & makes them feel like
they are cheated. A reader told me that he earned 100% this year from
equity (2009) and he will be happy with even 25% next time! LOL! This
happens when you look at short-term returns.
•
• Investors who started in 2004 started thinking that they are all "Warren
Buffet" and can leave their jobs in some years! Whereas all investors who
started in 2007 end or 2008 start compare equity with their mother-in-
laws, they just can't stand it. Think long-term, and timing will just not
matter much. Forretirement and child education, which is 15-20+ years
away, just start a SIP in an Index fund and then go into a COMA, come
back once in a while and just review it every 6 months to a year. That's
all.
7. Mistake #6 : Feeling special when it comes to Life or Health Insurance
• I'm not sure why, but some people feel that they are
god gifted. They feel good health is a good excuse to
skip Health Insurance and just because they don't
drive carelessly, it makes them "Accident proof".
They don't realise that most people die in accidents
not because they don't drive well; it's because the
other person does not. Probability of dying is almost
the same for everyone, but everyone feels that they
have better chances, of not being part of an
accident or an attack. Be realistic; especially in
bigger cities the chances of accident is higher than
smaller cities. Most and more casualties happen in
bigger cities. Take adequate Life and Health cover.
8. Mistake #7 : Excessive Leverage and careless spending
• In recent times, we spend like there's no tomorrow. Easy available credit
for home loan & the tax breaks available on them, EMIs available as an
option for buying almost anything these days; all these easy means for
laying hands on money has suddenly changed the way we see "Acquiring
Assets" and "Spending". Unlike our parents and grandparents, we are
spending money, which we haven't even earned. We buy houses, cars,
vacations etc., and then pay the cost for the rest of our working lives. In
some cases, it might make sense, but a large section of society just lives
beyond their means (See thiseye-opener from Subrmoney).
Contd….
9. Mistake #7 : Excessive Leverage and careless spending
• Research shows, that we feel less guilty when we pay with our credit cards
rather than cash. When we use cards, we don't see money going out;
there's just a consolidated bill at the end. Nothing can be done (or
undone) then, you just pay it. Imagine you are paying cash every time
you are buying something you really do not need. We buy unwanted
clothes, & unnecessary gadgets we can do without. How many of us
claim, sometimes that we just can't survive without a certain device, or
feel that we can't enjoy our life without certain doodads? Didn't our
parents and the old generation live without them or with limited
quantities ? Why have we all suddenly shifted to plasma TV rather than
the old TV we have used in our childhood? Of course, technological
changes should happen and we should always move forward, but buying
a Plasma TV just because it looks cool in your drawing-room, does not
make sense at all; that too, if you haven't yet planned for your
retirement or taken care of all the important goals in life. If it's really
your need , then go ahead , I would encourage , but most of the time
people buy it out of comparison with friends and relatives. Once your
other priorities have been achieved , you can go for it, But not at the cost
of something more important .
Contd….
10. Mistake #7 : Excessive Leverage and careless spending
• I've heard horror stories of people who have bought homes and are
crying today. Their home prices are moving up, but the quality of life has
drastically decreased. They suffer horrible amounts of stress because now,
even small things in life which gave them happiness, look unaffordable...
all because that 2 BHK Flat's EMI has to go through next month (
A close look at Real Estate Returns in India). No quality trips & vacations,
heavy stress because of insecurities of jobs. Imagine a double income
family with income of more than Rs 1 lac, who belongs to top 1 percentile
of the highest earners in the country, but not leading a happy life
because of excessive debt they have taken on all the loans and not
enjoying little things in life because of these issues . Whats the point of
earning so well then ? Don't try to be over ambitious at the cost of your
current lifestyle and happiness! If you can't manage your life successfully
and happily, then the car, and the house, and all that financial planning
is just a waste. (Read What is the goal of Financial Planning)
11. Mistake #8 : Short vision
• Close your eyes and try to imagine your retirement, child education &
marriage related expenses, and health care costs after 30 years. Can you
predict your grocery bills after retirement? Living in present is great, but
planning your future is critical now. Let us do a small exercise to show
you what your dietary (food & eating) expenses at home after
retirement will be. Consider a 30 years old couple today... How much do
they need to eat a decent breakfast, lunch and dinner at home? Even if
you consider a meal at Rs 25, that's Rs 150 for 3 meals/2 person a day,
thats Rs 4,500 per month. I guess that's what the grocery bill of most
married couples in their 30's would look like (I am unmarried, as yet).
Now, Rs 4,500 per month today, means 25,000 per month after 30 yrs,
which is 3 lacs per year just for groceries.
• Forget inflation for now, if you live for 30 yrs after retirement (worst
case), that's 30 years X 3 lacs = 90 lacs just for your breakfast, lunch and
dinner and this, doesn't even consider inflation. Some people think they
would need 1 crore for their retirement , LOL !! . You will require at least
10-15 crores, start working on it NOW !! . Pray to God, you don't live
longer than that, else it would be really painful!
12. Mistake #9 : Not ready to pay for Advice
• This is in our culture & our genes, it seems. The very idea
of paying for advice is anathema to us. We rely on "free"
advice most of the time. If we can get the top 10 mutual
funds from valueresearchonline.com, then why pay someone
for advice? When we know term insurance is best, and we
have a good formula to calculate life insurance requirement,
then why do we need a financial planner to tell us how much
Insurance we need? If we have so many personal finance
websites and magazines then why do we need financial
planner, we can do it all by ourselves? We are a DYI (do it
yourself) country! . I get many questions over email and
comments, Imagine me asking for money for giving
personalised advice, How many people will consider paying
or will even accept that its fine ?
Contd….
13. Mistake #9 : Not ready to pay for Advice
• We must understand, however, that there are situations
where you just can't match professionals in some areas. The
other thing is some advice can be general. For example "top
10 mutual funds" might not work for you, & might not be
suitable for your situation. A different set of mutual funds
might work in your case and to analyse your situation, an
investment consultant can be helpful. You have to take a
call on whether its worth doing it all yourself or pay the fees
& have a pro handle it. Take large real estate transactions
for example; I am amazed to see many people mailing me
questions on complicated real estate deals, they are doing
themselves, which actually might need a CA attention or
professional advice to deal with. But why pay the CA that
extra 10k or 15k he will ask for? They then, make mistakes
and in long run lose a big amount of money just because of
ignorance and not having optimized the whole deal.