Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
Absolutely not, as I've closely tracked my portfolio's performance, witnessing a staggering $482k growth in just the last two quarters. This experience has taught me the secrets behind experienced traders' substantial gains in what might appear as unpredictable markets. Undoubtedly, it's been a bold and rewarding choice I made fairly recently.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
"Jenny Pamogas Canaya serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market.
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
Many folks struggling to cover basic expenses often face this challenge because they didn't save enough during their working years. The choices made in preparing for retirement have significant impacts, as seen in my own family. Different investment strategies led to different outcomes. With guidance from a financial advisor, I'm now enjoying my retirement.
Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.
It's a shame that many don't have this information, leading to anxiety. For me, I've made over $35k effortlessly with an advisor, consistently getting returns despite economic changes - the best part is, it doesn't demand much effort.
@@hunter-bourke21 Can you direct me on reaching your advisor? I'm looking for a more profitable investment strategy to counter inflation and make the most of my funds.
Research and choose someone with a plan for consistent portfolio growth; "Camille Alicia Garcia" has done well with my investments, and I believe she has the qualifications and expertise to help you meet your goals.
I've proactively looked into Camille Alicia Garcia online, checked her credentials, and am impressed with her expertise. I've contacted her to discuss my detailed financial market goals.
With a ceiling limit of 25k would provide the much needed relief. This is merely protecting the vesred interest of the pension funds period. Also we hv to take into account the tax deduction. The ceiling should be 500k which is presently within the zero tax table threshold, hence providing much relief.
We need much more than 25k to settle our depths as we already drowning in depths since the pandemic started the national treasury must reconsider and give us a 30% of the money we accumulated since our engagement date thanx
If I am not mistaken the 25k will go into the savings pot for a person to dip into once a year, the 3rd pot the lady referred to is where a person may take 1/3 of one's pension fund saved up to 1 March 2024, in my understanding the 25k in the savings pot will be there to start off the savings pot and won't be the amount the max amount that a person may take
I've been creating trading algorithms throughout all these years I've been unemployed and this comes at a perfect time seeing that as much as it seem like a costly system to the tax payer; it does also come as a great opportunity to those who are business orientated.
It sounds like that's the whole idea! You will get what's in your vested pot ( ie. What's in your pension Before this 3 pot system started in March 2024) , you can access what's in your savings pot ONCE a year (provided you have not less than R2000 in there) and you'll only access the money in your retirement pot when you reach retirement age (2 thirds or 67% of your monthly pension contributions will be accumulating here from 01/03/2024).
Considdering citizens near to retirement age. Will they have a choice of changing to 3 pot system. If 3 years away from retirement wont it be betrer to keep 1 pot for optimal growth? After 1 Sept, little contributions will be made to 2 pots which negatively impact growth and make this option worthless. Rather choose 1 Sept as the change date of the pension system. Allow current members the option to choose but new members to participate in new system. Forcing members close to retirement age to change system will affect the growth and outcome negatively.
It only works for the privileged few. Most workers were paid just enough to survive the month. I hear alk these finance people keep naking unnecessary noise so tgat they can benefit from it fir lifelong commissions. The people must be allowed to taje tgeir money so that theur children can become business people and nit workers in futyre generations
Money we work hard for must just go like that is unfair nd cruel because you have work very hard and alone not the people who just sit nd implement it and don't consider other people where about think before making decisions money you work hard for eish lot of people won't event enjoy they money aspecially when u have 30yrs service
Ms Jele to me it had a bad impact cause I didnt accumulate. much so I 7:16 7:20 am.sure it was going to be better if I invest to my where ever cause seemingy I wont my money whileI am still alive