More than just going through facts and figures, a financial advisor also helps clients realize their hopes and dreams for future generations. Cleveland area advisor Dominic Anzevino joins the show to tell a story that exemplifies this goal. Plus, a 500-year-old guide to becoming a billionaire!
1. Invest when others fear - have some cash reserves and when stocks drop, take advantage
2. Become indispensable to your employer or customers - find something only you can to add value
3. Fugger created world’s first news service. Find and apply good information – it’s easier than ever to find investing information on the Internet
4. Know the numbers - Fugger was among first to apply double-entry bookkeeping invented in Italy; check your financial situation on a regular basis: quarterly or annually
5. Educate yourself - Fugger was mentored in Venice, the business capital of his time; learn from a professional financial advisor who’s a fiduciary
6. Keep your cool - never mix emotions with money
7. Give something back - Fugger created world’s first affordable housing; If you’re in the position, give something back because you’ll be amazed at how it feels
Source: Stockcharts.com. Index returns are provided as a benchmark and are not illustrative of any particular investment. An investment cannot be made in an index. Index returns are calculated as a total return with dividends and capital gains reinvested, unless otherwise noted.
Are you faced with the critical choice of taking a lump sum versus annuitizing a pension? Start with this calculator from Financial Engines.
Did you know you can get Social Security retirement or survivor benefits and work at the same time? Check out this guide from the Social Security Administration.
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