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The Best Financial Investment Advice I have ever received

+8
pathfinder
Kumar
cseguide
bakapandithaya
Jana1
Kithsiri
godswen
sriranga
12 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

In today’s world; where information overload abound, many still remain average because of lack of the right information. If you turn on your T.V, radio or log on to the web, you will come across thousands of financial advisers churning out investment advice daily. Anyone can wake up tomorrow and offer advice. Even your next door neighbor can offer you some incredible financial advice, hot tips or inside information. But the sad news is that all advice are not equal; and majority of advice offered is worthless.

The world is filled with fast talking financial advisers but unfortunately; over 90% of financial advisers, financial planners and brokers don’t know what they are doing. And even if they do, they don’t practice what they preach. I have seen stock brokers that don’t invest their own money in the stock market; they simply feed fat on clients and investors. Now tell me how such a broker will offer a tangible investment advice.

I have received tons of financial and investment advice; both solicited and unsolicited. I believe you share this same predicament with me. Some of the most popular financial advice I hear every now and then include:

The most popular financial/investment advice
* Go to school so you can get a good job.

* Stocks is the best investment

* Buy now and hold; Invest for long term.

* Don’t carry all your eggs in one basket; diversify.

* Don’t diversify; focus.

* Hedge funds are too risky.

* Don’t take risk. Turn your money over to a fund manager.

* Avoid real estate investments. They are capital and management intensive?

This list of advises goes on and on. But it’s sad to say that of all the advice I have received; only few have profited me tremendously and one of such good financial advice is this:

“Don’t live below your means. Expand your means” – Rich Dad

Of the few advice that have profited me financially, I want to share with you the best financial/investment advice I have ever received. And if you must know, this advice was offered to be by my business mentor; “Robert Kiyosaki.” Now what was his advice?

“First invest in building a business. When your business produces enough cash flow, then you can begin investing in other assets.” – Robert Kiyosaki

I really thank Robert Kiyosaki for giving me this piece of advice. It’s the best investment advice I have ever received and this single advice has made me millions. This advice is the reason why I tag “starting a business” as the best investment opportunity with the highest return on investment. So when I am asked the question: What is the best way to invest $1000? My answer is usually this: “First invest in yourself; then start a business.”

Most people respect Warren Buffett and George Soros as great stock investors; but the truth is that stock investing did not make these men billionaires. These men became billionaires because they built mega businesses and used this business as leverage to invest in other businesses.

Today, I see many individuals going against this simple advice. I see millions of people trying to get rich by investing using a part their salaries. The sad truth is that they are not going to make headway because they can only acquire limited assets using their salaries. Everyday, I see people having their investment portfolio wiped out in their bid to make a kill on the stock market. The problem with these individuals is that they are investing alone against well structured businesses with millions of dollars.

“First invest in building a business. When your business produces enough cash flow, then you can begin investing in other assets.” – Robert Kiyosaki

Ever since I received this financial advice, I have concentrated my efforts on investing in building a business. And through my business, I have made couple of investments with pre-tax dollars and the banks are willing to lend me money because they can see my business system in operation. Now I am not a tax strategist or a financial adviser so it’s better you consult one for better understanding on investing with pre-tax dollars.

In conclusion, the most important point I want you to remember is that building your own business is the best investment you can invest in because of the leverage it offers. Yet, it’s the riskiest investment because of the high failure rate. When you build a business and your business begins to generate cash flow, then you can invest in other businesses and assets with ease. Apart from the financial leverage your business offers, you can leverage its brand in the acquisition of assets. Brand leverage is the reason McDonalds’ own the most expensive real estate properties in the world.

Lastly, you can leverage the competence, intelligence and professionalism of your business team to reduce your investment risk. Investing with a team will also put you ahead of individuals who try to invest alone. So whether you are interested in investing in stocks, real estate, commodities, precious metals or business startups; first invest in building your own business because it pays in the long run. Please consult your financial adviser, CPA or tax strategist to get advice on the best possible ways to take advantage of the tax loopholes in business.
By Ajaero Tony Martins in: Investment Strategy

http://sharemarket-srilanka.blogspot.co.uk/

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sriranga, You're awesome! Smile

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

You are right; we should get rid of this notion try to “Eat the Apple even before planting the Tree”.

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

well said

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

well said

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics


Great advice indeed, But if you don't mind please share us what is your business, I mean more details. and what is meant by investments with free tax dollar
Ever since I received this financial advice, I have concentrated my efforts on investing in building a business. And through my business, I have made couple of investments with pre-tax dollars and the banks are willing to lend me money because they can see my business system in operation. Now I am not a tax strategist or a financial adviser so it’s better you consult one for better understanding on investing with pre-tax dollars.

And I first time noticed that your location is London. So your Experiences are more worth for us. Thanks for sharing valuable information.

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Thanks for sharing.
Keep it up.
cseguide wrote:
Great advice indeed, But if you don't mind please share us what is your business, I mean more details. and what is meant by investments with free tax dollar
Ever since I received this financial advice, I have concentrated my efforts on investing in building a business. And through my business, I have made couple of investments with pre-tax dollars and the banks are willing to lend me money because they can see my business system in operation. Now I am not a tax strategist or a financial adviser so it’s better you consult one for better understanding on investing with pre-tax dollars.

And I first time noticed that your location is London. So your Experiences are more worth for us. Thanks for sharing valuable information.
@cseguide
I think sriranga is sharing the article.
The original writer name you can find in the bottom of the article.
I appreciate his effort in sharing valuable articles from different sources to this forum.

sriranga

sriranga
Co-Admin

Thanks everyone for your valuable feedback.

http://sharemarket-srilanka.blogspot.co.uk/

pathfinder

pathfinder
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

thanks Sri ranga.

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Grait job

rizjiji


Senior Equity Analytic
Senior Equity Analytic

Nice!!!!!!

rizjiji


Senior Equity Analytic
Senior Equity Analytic

Nice!!!!!!

parackrama

parackrama
Senior Equity Analytic
Senior Equity Analytic

Very Happy

investor.sl

investor.sl
Senior Equity Analytic
Senior Equity Analytic

good one Very Happy

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