There are many ways to educate yourself on personal finance and wealth creation, read books and look up some websites, like this one hehe.
But 1 step I think that would benefit a large majority of people would be to seek the advice of a Financial Planner. I know for a fact that in Australia, Financial Planner’s are required to attend ongoing financial training, either in the form of written tests, assignments or seminar workshops. This allows them to keep up-to-date with the latest information and rule changes. I know because as indicated in my about me section I am a Financial Planner by trade, have been for many years.
But let me tip you on how to find the best of the best financial planners, no matter what country your in.
When you initially meet with your planner, the only things you should be talking about are STRATEGIES. Because at the end of the day, it’s really the one of thing which will keep your dreams of financial prosperity afloat, because no matter what the markets are doing, if you have a solid financial strategy in place, you should come out a winner in the end.
If the planner you are talking to begins to straight away talk about, you should invest in company XYZ or fund manager ABC, it’s a definite sign that the planner is just a pure salesperson with no real technical savvy or skills. I mean it is definitely fine to approach the subject of product types like, superannuation or 401k accounts, but if the talk turns towards specific fund managers, steer clear friend, DON’T DO BUSINESS WITH THEM, there interests are will never be aligned with your own, because they are in the business of getting rich through commissions as opposed to getting you rich through proper planning.
Remember a GOOD FINANCIAL PLANNER, talks STRATEGY FIRST, the PRODUCT and PRODUCT PROVIDER choice should be a by-product of your agreeance to the strategy meeting YOUR NEEDS!!
Financial Knowledge is the key to Financial Prosperity