Have you ever come across someone who seems to have complete financial freedom, and wonder how they got there—what their secrets are? You may feel that sense of total independence simply isn’t in the cards, but ask yourself—why can’t that be you? This article takes you through seven unique streams of income that are at your disposal. Read more to be well on your way to financial prosperity!
A robo-advisor is a form of investment management which relies on algorithms to automate portfolio management and avoids all human interaction in the portfolio construction and rebalancing process. This automated process has given rise to a more affordable investment management option for the masses. But are robo-advisors really as effective as human advisors? What are the shortfalls of robo-advisors that investors need to know?
You have built up significant family wealth, through entrepreneurship or otherwise. Now you wish to allocate it in a meaningful way—to empower future generations and set them up for success. You probably have a vision for the sort of impact you would like to have for generations to come, and perhaps have some idea as to what proportion of your assets beyond your needs you wish to allocate to particular family members. However, there are likely complexities to navigate as you plan out the cascading of this wealth. In this article we highlight 3 key mistakes to avoid in the process of distributing this wealth and in managing it once received.
Between managing expenses, keeping tabs on income, and being mindful of liquidity, our retirement years can feel like a complex juggling act. Read this article to understand how to preserve and sustain a desirable cash flow in your golden years through calculating what you keep based on current tax legislation, and how you can start improving your cash flow so that you can start experiencing the freedoms that come with financial independence.
For entrepreneurs, building out and scaling up an enterprise can be among life’s most fulfilling and rewarding experiences. At some point however the matter of exiting the business, whether through family succession or through an outright sale, will arise. While such an exit, particularly in the case of a sale, can be highly lucrative and open up a world of newfound freedom and opportunity, it may also present challenges around personal identity, direction, and financial continuity. This article explores these topics and highlights the very human and emotional aspects along with the financial considerations that this kind of transition may bring about.