Advice From Brad Reifler About Investing In Your Future
As a serial entrepreneur(someone who continuously comes up with new a ideas for businesses) Brad Reifler is no stranger to knowing what it takes to be successful and provide for one’s financial future.
Having already been a director of Genesis Securities, European American Investment Bank and an ace trader at Refco – Brad Reifler is now best known for his work as the founder and CEO of Forefront Capital. Now that he’s made his mark among the ranks of accredited investors(those investors who make $200,000 per year or a net worth of more than one million in assets), he is now using his expertise at Forefront Capital to help those who might only have $2500 to invest in their future.
Remember first to budget. Just as businesses must budget based upon projected revenues and expenses – so too should people learn to budget also based upon money they’re receiving and paying out every month.
Money earned and received. Learning to look at how much you earn on your paycheck and how much you are actually paid after deductions is important too.
Compound Interest. Starting a savings account and putting a little in every paycheck is a great way to “set it and forget it”. As your money earns interest, that money is added to the balance and begins to earn even more interest.
Good Credit. This is important too. While getting a student loan with poor credit is possible, a mortgage with a low interest rate is another story. You can build your credit with cash and other assets, as well as making payments on time and taking out a starter loan.
Paying for college. On your own this is a massive and daunting task. Start by choosing a college that can fit your budget and avoid the more expensive private universities. Today, employers are more concerned with skillsets than where you went to school.
Understanding these concepts can help you secure a more stable financial future.