Don’t have any money left for savings and investments at the end of the month due to overspending? Follow the 30-30-30-10 savings method and strike a balance between spending related to housing, needs, savings, investments, and entertainment.
Many fail to appreciate the role of a financial advisor in their financial planning journey. They don’t realise that a financial advisor can help them achieve their financial goals in a systematic manner that’s best suited to their risk appetite and market conditions. In this article, you will realise the opportunity cost between making investments with the help of a financial advisor and doing it on your own. You will also understand the scenarios in which you should seek financial advice and the questions you should ask a financial advisor before deciding whether to seek help from them.
It can seem daunting to start your wealth creation journey. However, there are myriad formulas that can help you through the process. No one formula can do the trick, but a unique blend based on your objectives and profile can help you structure your approach. This article summarises some of the effective formulas that can take you closer to your goals.