Sherwin M. Gill on LinkedIn: #generationalwealth #investment #realestate #business #estateplanning… (2024)

Investing: it’s like skydiving, but with your bank account! It is scary to start. We are checking our portfolios after every news headline sometimes watching the market like it’s horror movie but we do invest! The adulthood is scary enough and let’s add some risk and drama! And at the end of the day we see the day like this! 🍾 S&P 500 closes over 5,000 for the first time in HISTORY!Investing is an effective way to put your money to work and potentially build wealth. Smart investing may allow your money to outpace inflation and increase in value. The greater growth potential of investing is primarily due to the power of compounding and the risk-return tradeoff.How much risk are you willing to take? @newgenwealthcreation I help professionals & entrepreneurs to build their wealth foundation. I also help adults who experienced financial setbacks in their life.#personalfinance #financialadvice #personalfinancegoals #savings #financialtips #financialwellness #financegoals #buildwealth #wealth #newgenwealthcreation

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How do I build generational wealth? https://lnkd.in/dPbNCyfY (Tiaan Herselman)"By definition, generational wealth represents assets passed down from one generation to the next. However, it can include property, money, investments, a tertiary education or even setting up a family trust for future generations. Leaving a legacy for children, grandchildren, or any causes you are passionate about, takes careful planning and the advice of a financial planner to help you craft a financial plan suited to your unique needs."Contact our team for more information: https://lnkd.in/d3DHaNFT #Investing #Investment #FinancialPlanner #Potch #WealthManagement #WealthPlanner #GenerationalWalth

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You need to know how much investment risk you’re comfortable with, what type of risks you’re willing to take, and what risk fits your objectives, writes Amy Hamilton Chadwick.#investing #personalfinance #moneymindset

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✨Building Wealth Wednesday ✨“The first step is to earn enough money to cover your basic needs, with some left over for saving. The second step is to manage your spending so that you can maximize your savings. The third step is to invest your money in a variety of different assets so that it’s properly diversified for the long haul.”Source: https://lnkd.in/eArdyW7r.#buildwealth #financialfreedom #financialliteracy #financialgoals #financialindependence #wealth #wealthbuilding #wealthmindset #wealthtips

Let's take a moment to emphasize the paramount importance of investing your hard-earned money wisely. Investing is not just for the elites; it's a crucial step in wealth creation that can empower anyone to achieve their dreams faster than they ever thought possible. Lets get into a couple of reasons why investing your money matters:1️⃣ Growth and Wealth Accumulation: By investing strategically, you allow your money to grow over time thanks to the power of compound interest. It's like planting seeds that grow into mighty trees, providing financial abundance for you and your loved ones.2️⃣ Beat Inflation: Sitting on a pile of cash may seem secure, but inflation will eat away at its value over time. Investing ensures that your money keeps pace and even outpaces inflation, safeguarding your purchasing power in the long run.3️⃣ Diversification and Risk Reduction: Putting all your eggs in one basket can be risky. Skillful investment diversification across asset classes, such as stocks, bonds, real estate, and more, can help minimize risk and protect your wealth against market volatility.4️⃣ Financial Freedom and Security: Investing provides a solid foundation for financial independence. With well-planned investments, you build passive income streams that fuel your dreams, whether it's early retirement, travel, entrepreneurship, or ensuring financial security for your family.Don't let another opportunity to maximize your money slip away! Head over to AskBreeandLisa.com, click the finance tab and schedule a [free] financial review!#investing #moneymatters #financialfreedom

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The Art of Savings:💡 Understanding the Difference: Saving VS Investing Saving and investing are both crucial components of financial planning, but they serve different purposes. 💰 Saving involves setting aside money for short-term goals or emergencies, providing a safety net for unexpected expenses. The best savings vehicles to consider are an interest-earning bank account or a medium to low-risk unit trust account such as the money market. 📈 On the other hand, investing involves putting money into assets with the expectation of generating returns over the long term, helping to build wealth and achieve financial goals such as financing your children's education, building a home, retirement and estate planning. Medium to high-risk unit trusts maybe be used together with structured notes investments, purchase of stock market shares and perhaps some income generating assets.While saving offers stability and liquidity, investing offers the potential for growth and beating inflation. Striking the right balance between saving and investing is key to securing a strong financial future.#FinancialFreedeom #Investing #Saving #NewBeginnings

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Investing is a smart way to grow your money and achieve your financial goals. However, before you start investing, you need to understand your risk tolerance.Check out our article that runs through how you can find the right balance between risk and reward when investing.https://lnkd.in/g8g83TMD

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🌟 Understanding the #difference : #Saving vs. #investing 🌟 Today, let's delve into a fundamental aspect of personal finance: the difference between saving and investing. 🤔💰 Saving is like laying the foundation of financial stability. It involves setting aside a portion of your income for future needs or emergencies. Savings are typically held in low-risk instruments like savings accounts or certificates of deposit, where the principal amount is preserved. Saving is essential for short-term goals, building an emergency fund, or ensuring a safety net.💼 On the other hand, investing is about putting your #money to work, aiming for growth and wealth creation over the long haul. By investing, you allocate funds into assets such as stocks, bonds, mutual funds, or real estate, with the expectation of generating higher #returns . Investing involves taking calculated risks, as the value of investments can fluctuate based on market conditions. It's a way to potentially grow your wealth, beat inflation, and achieve long-term financial goals like retirement or funding your dreams.⚖️ So, why is it important to understand the distinction? Well, saving and investing are not mutually exclusive. They complement each other in building a robust financial strategy. Balancing both allows you to have a safety net while also pursuing growth #opportunities . Remember, a dollar saved today might remain unchanged, but a dollar invested wisely could multiply in the future.🔑 Ultimately, it's crucial to align your saving and investing #strategies with your #goals , risk tolerance, and time horizon. Educate yourself, seek guidance from professionals, and embrace the power of compounding to make your money work harder for you.📚 Let's keep the #conversation going! Share your #thoughts and experiences on saving and investing in the comments below. Together, we can empower one another to achieve financial success. 💪💼 #FinancialLiteracy #SavingsVsInvesting #EmpowerYourFinances #personalfinance #mutualfunds #investments #realestate #investing #success #work #growth #share #future #opportunities #like #strategy #safety #power #building #money #funding #dollar

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How many of us used to be very intimidated by investing?I know I was. Everything I read about investing in the stock market made me feel like an idiot, and the whole thing overwhelmed me so much that I didn't know where to start. That's why I say that getting out of debt was my favorite part of my FI journey. It was so simple, just throw money at debt until it's gone!As I was approaching debt freedom, I knew I'd need to figure out my investment strategy and I assumed I'd need to find a "financial advisor". But luckily, I was introduced to JL Collins's book The Simple Path to Wealth. This book demystified investing for me and outlined the investment strategy I follow to this day. I now spend approximately 0 hours managing my investments, and all of my time growing the gap between my income and expenses (which is the part I can actually control). I also have no desire to "beat the market", as I know that I don't need to do that to reach my financial goals. Matching the market over the long term works perfectly fine for me.The Simple Path to Wealth is a game changer for any investor at the beginning of their journey. If you want to order a copy for yourself, I left the link below. Thank me later!https://loom.ly/7SoTLJw#PersonalFinance #FIREcommunity #RetireEarly #FinanceBooks #PersonalFinanceBooks

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Finance Friday!Instead of spending a week's worth of savings all over the weekend, look for alternative ways to have fun. There are a lot of opportunities around town to spend little to no money and still have a great time.#FoxworthyWealthAdvisors #FinancialPlanning #FinancialIndependence #Wealth #financialliteracy #investment