There’s a fatal flaw that plagues entrepreneurs of all stripes. It’s something weeded out at the beginning, but it can be disastrous to those who have built their business over decades. Entrepreneurs believe that they know everything. Virtually no one actually does. This attitude usually gets drilled out of entrepreneurs in the early stage, but…
Here is part 5 in our Basics of Finance Video Series on Allocation. Why would you own stocks and bonds in the same portfolio? What does it mean to have an 80/20 or 70/30 portfolio? Sound Financial Group President (now CEO) Paul Adams shares the answers to some frequently asked questions about portfolio allocation.
I can pretty much assure you that there is a distance between the life you live now and the life you dream of. In this series, you’ve learned to define your starting point, define your end goal and measure what you need to save in order to live that surplus or superfluent life. Now that you…
Here is part 4 in our Basics of Finance Video Series on Mutual Funds. What is a mutual fund? What are the different types of mutual funds? How do mutual funds work? Sound Financial Group President (now CEO) Paul Adams shares the answers to some frequently asked questions about investing in stocks.
Now that you know what kind of lifestyle you seek and what it takes to get there, it’s time to figure out a protection plan. This is something you won’t hear in a TED Talk or by any get-rich-quick schemers. Protection of your assets is every bit as important as acquisition. When you build that…
Here is part 3 in our Basics of Finance Video Series on Bonds. What are bonds? Who issues them? What do you get for your investment? What is the risk of the bond? Sound Financial Group President (now CEO) Paul Adams shares the answers to some frequently asked questions about investing in bonds.
I can pretty much assure you that there is a distance between the life you live now and the life you dream of. In this series, you’ve learned to define your starting point, define your end goal and measure what you need to save in order to live that surplus or superfluent life. Now that…
Here is part 2 in our Basics of Finance Video Series on Stocks. What are they, how do they work, is it different from an equity? Sound Financial Group President (now CEO) Paul Adams shares the answers to some frequently asked questions about investing in stocks.
Many entrepreneurs today are going for a moonshot, trying to live a superfluous life — without specifically knowing what it takes to get there. This mindset is akin to agreeing to buy a house or car without examining price first. Before you start saving for the surplus or superfluous lifestyle (or even just the sufficiency…
Once you figure out your true net worth, it’s time to ask arguably the most important question any entrepreneur can ask themselves: what kind of life do you want? This doesn’t mean generally, such as “I’d like to have more money” or “I’d like to have more free time.” You need to outline exactly what…
