Tony Wiley Chicago - Knowing Your Investment Goals

Planning to begin your investment career without any preparation or planning?? Give it a thought once again. Have you ever given an exam in your school, without any preparation or ever you've attended a project meeting with a client without knowing anything about the project? This shows that just like any other task investment requires some sort of knowledge and home work. First time investors must know that this area requires some degree of skill and no luck can make them successful here.There is a huge probability of failing in your first attempt, so rather than just jumping in, do some research at your end and identify your investment goals.

Putting some thought before beginning your investment journey can be really helpful. You can navigate smoothly with a proper plan, whereas you can be easily misguided with no or little knowledge about the industry. Chalk out a proper plan and identify your objectives you wish to achieve by investing your hard earned money.

1. Will you be buying a house?

2. Want to save for retirement?

3. Want to fund your higher education?

These are a few things due to which people start investing. You must find out your reason to do so. Know how much money you would require to accomplish these goals and make a strategy. Know what you would be doing with the money that can help you make better investment decisions.

Don't invest with a dream of becoming a millionaire overnight. Have realistic goals and make efforts to fulfill your dreams. These false hopes of becoming rich overnight will just disappoint you, so rather than dreaming an impossible life, invest safe and live a beautiful life. Invest your money in a way that it grows slowly with a period of time and you get what you expected by the estimated time.

Take the help of a financial planner before making any investments. He will help you determine the best way to achieve your financial goals in less time. With his help you can anticipate realistic returns on your investments rather than just expecting an unrealistic amount. Investment decisions involve a lot of brainstorming and speaking with the agent, so make sure you share a good comfort level with your adviser. Do your research and begin a successful investment journey.

Before you start, defining any goals you may have will help you plan, budget and choose the right investments. Your goals might be around enhancing your current lifestyle, planning for your family or your own retirement.

Too often, others invest money with dreams of becoming rich overnight. This is achievable - but it is also rare. It is usually a bad idea to start investing with hopes of becoming rich overnight. It is safer to invest your money in such a way that will slowly grow over time, and be used for retirement or education. But, if your investment objective is to get rich fast, you should learn as much about high-yield, short term investing as you possibly can before you invest.

Some Amazing Investment Lessons Just For You

New to the world of investing? Here are some incredible tips for you.

You must have heard about the term impulsive shopping. This happens mostly with people when they are in a poor state of mind or are looking for an alternative to lift their mood. This results in shopping all the unnecessary stuff which disturbs the complete monthly budget. No planning and strategies work in this scenario. So. If you buy things you don't need, you will have to sell things you need. Never forget that a penny saved is a penny earned, so making more money does not just mean taking a second job. Good investors will keep a check on his expenses and will create good wealth by investing in assets that give him good returns over the long period.

People tend to buy the shares and stocks of a mediocre company at cheap price rather than choosing the established company with a great value. Over the long term they realize that these mediocre companies give lesser returns as compared to bigger and established companies. Undervalued stock with great stock can give you amazing returns if you are patient and diligent throughout. Invest your money whenever you are comfortable, but try to hold it for as long as possible.

Every investment involves some risk, so if that's what's holding you back from entering the investment arena, don't be afraid. Smart investors never measure performance solely on the basis of returns. If you'll be worried about losses all the time, then some amazing opportunities might slip away. Another important thing that most of the people forget are the negative effects of borrowing money. Buying a television at EMI is not really making simplifying things, in fact you are paying the processing fee which can be otherwise saved from taking such hasty decisions. Borrow money only when it's required and make sure you know all the additional fee you have to pay after borrowing that money. It is good to know about all the fee associated with it, so in case you find that this additional amount cannot be managed, then it is better to limit your borrowing.

Start Young & Stay Safe: Tony Wiley Chicago

You may not have any financial pressures in your young age, but with every passing day there will be new challenges and responsibilities. Debts, loans, mortgage and whatnot, you will be entangled in all these problems if you don't manage your financial life on time. You must understand that early investing can help you fulfill all your dreams. Your financial priorities might be different today, but as soon as you reach your retirement age, you will realize the importance of starting young.

Beginning at a young age will help you overcome all the mistakes and recover any sort of loss which is otherwise not possible with people who start late. You will have a good time to save money and invest it at different platforms. Explore diverse investing outlets and experience the benefits yourself. People who keep thinking and delay investing fear taking risks and contributing in outlets that can maximize their returns, but involve good risk.

You are aggressive and determined in your young age and this is the perfect time when you indulge in some good activities. Most of the Millennial can be seen living on a shoestring which is not a good sign. This is a poor display of their carefree attitude and aimless life. Don't go with the flow and develop some good habits like saving more. You will be amazed to see the benefits of these savings in the future, so make sure you improve your spending habits before it's too late.

By starting early, you can also experiment with your investments. Invest a small amount of money in different vehicles and analyze whether they are useful to you or no. These small amounts in the beginning won't bother you, but the amount you'll save for your retirement with these disciplined savings will help you out tremendously. Another interesting reason to start young is to gain the maximum benefit of compound interest. Early you get started, the greater is the benefit because over the long run this interest will multiply and you can use these returns as a strong backup.

You will have a good time to understand the concepts of diversification, asset allocation and others that help you build good health. The only thing that can keep you safe is knowledge, so keep educating yourself and make the most by starting young.

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Tony Wiley: How To Maintain Your Financial Life

Tony Wiley Chicago - Life is full of ups and downs. It is difficult to predict what's coming next. You have to be prepared in all aspects to grip your life and prevent it from all the dangers that are thrown at you. I have handled different cases in my career, and the common aim of most of the people was to get stability in their financial life. Most of the people introduced them with an impressive confidence and had satisfactory knowledge about investments, whereas there were people who hesitated because of lack of knowledge and fear of losing money. Beginners would feel reluctant in an initial phase, but by taking the help of an advisor the journey becomes really exciting. A guide or a mentor will  support you through thick and thins. My responsibility as an advisor is to give a right advice to my clients and to make efforts to make their financial life secure and stable.

As a financial educator, it is the part of my job to mentor all those who seek help and want to achieve their financial goals. Managing finances is not hard as it sounds, you can balance the ups and downs in your financial life with smart planning and constant learning. People are always in the hurry to multiply their money, but this is not what a smart investor does. If you are contemplating a stress free life, then you need to think beyond raising money, and that is maintaining a positive financial condition throughout life.

Challenges and hard times can't be ignored, but you have to make yourself so strong financially that no mishappening can harm you. Saving is the most crucial step of investing. You can't achieve your aim by spending all your income on lavish parties, outings and shopping. Investment is a combination of planning and patience. It is hard for everyone to draw out money from the monthly income apart from all the expenditures, but that's how you save for your future. Initially start with a small amount and then gradually keep increasing the amount according to your comfort.

Plan your expenses beforehand so that all your money is invested in the right places. The investment plan will guide you in choosing a right direction. By following this strategy you will see a good transformation in your savings. Keep discussing your plan and ideas with your financial adviser, this will help him understand your goals more clearly and he can create a perfect strategy for you. 

Tony Wiley Chicago - Investing Tips For Millennials

Millennials like to stay safe and avoid all the risks associated with investments, which ultimately does not give them a chance to enjoy the benefits of investing money. Job market is extremely competitive, so the millionaires have to think more seriously about their savings. You must have seen that most of the college students struggling to repay the student loan debts. If you are a part of the generation Y, then here are some simple tips that can help you start your investment journey very easily.

If you are worried to enter into the world of stocks, bonds and mutual funds, then don't feel afraid because these fears are common among the beginners. Just find someone who has great knowledge to share with you and can offer unbiased advice in making a financial decision. You may also talk to your parents or contact their financial advisor. He can give you a step by step guidance or can supervise the plan you have created for yourself. He will tailor his guidance to your specific situation, because your needs will be completely different from the goals of the 45 year old.

Most of the millionaires think that it is too early to start taking such big decisions, but they fail to realize that this is the best time to invest. So many people waste most of their time waiting for the right moment. If you are not saving a part of your income, then I think it is high time that you must look for the right investment vehicle at priority.

Educate yourself and do your homework before taking anyone's advice. Don't just solely depend on someone else's ideas and thoughts, chalk your own plan and move according to the strategy. Everything in life involves a certain amount of risk, so don't hold yourself back. Explore the world of investment and don't just stick to the safer options because safer cash investments won't give your expected returns. Diversify your portfolio and reduce the overall risk of your investments.

Millennials miss most of the opportunities of their careless attitude. This is one of the worst things you can do with your investment plan. There is no point, creating an investment strategy if you are not going to follow it. Be an aggressive investor and an active maker to grab the opportunities. Keep yourself updated with the market happenings so that with every passing day, you develop the skills and gain knowledge about investing your money.  - Tony Wiley Chicago 

Investing Mistakes That Can Ruin Your Plans

Tony Wiley Chicago - We all are aware of the risks associated with investments. There are times when best of the ideas don't work out as expected, but it should not spoil your investment goals. People who are making investments for the first time often commit a few mistakes that can ruin their plans completely. Be successful in achieving your goals by avoiding these mistakes.

Don't lose hope on suffering loss in your first initiative. So many newcomers give up on experiencing a failure in their first attempt. There are chances that your ideas may not favor you, but it won't happen every time. There are always risks involved with all types of investments, so there is no point to hold the highly appreciated holdings for long. There are always risks that you'll sell the prices will keep increasing. You must protect your gains by selling a part of your holdings and reinvesting them in other investment vehicles. You just have to review your holdings on a regular basis and identify the portions that you won't be using soon. Just invest them elsewhere to re-balance your finances.

Always have an investment plan. No investment journey is complete without a proper strategy or plan. You must know the funding sources, types of investments you are interested in, how much risk you can afford and other things that will build up a road-map to achieve your aim. This plan will keep you informed about your next move and you can easily make arrangements for it beforehand. Take the help of an experienced person to know the insights of the market. It is hard to predict the market  fluctuations, so trying to buy and sell on such oscillations is not an easy job. Take advice from experts, but don't just follow it blindly. Always do your homework before taking any decision.

Make sure you evaluate your investments periodically as there are so many factors that can affect your funds. Be it the change in management, merger with any other company or sudden entry of a strong competitor, you must reevaluate your investment  always.

Are You Freelancing?

Tony Wiley Chicago - Freelancers can earn more or same than a regular job. There are so many freelance options in every industry. This wasn't the scenario a decade back, but today, you've got a bunch of opportunities. So many people aren't aware of the freelance options, which keeps them ignorant of the money making shortcut. This is one such interesting idea of earning money that can give you extra benefits on your traditional job. Enjoy the perks of working overtime or take a freelance assignment, money will flow into your account.

You are an experienced of the freelance market, then here you have a chance to skyrocket your rates. Everyone seeks the support or wants to work with an experienced professional. If you are in the job from the last few years, then this can be the time you must start earning more than before. Don't spoil the comfort zone with the existing clients, but pitch for the new clients who are ready to pay a good amount for your services. Lure the prospects with your talent and quote the price you would want him to pay for the job. Another way to increase your earnings through freelancing projects is by the choice of assignments. Take quality projects which value the work done by you. This way, your demand in the project will yield you good money automatically.

Grow your network and reign the market with your skills and talent. If you are well versed in your job, then people will definitely pay you extra from the existing price for that job. Just master your skills and see the people follow you religiously. Strengthen your online presence, and meet new people on the social websites like Squarespace. Join freelance groups online, and stay regular in the forums and discussions. Let people recognize with your valued suggestions and thoughts on the topic. This is the best idea of showcasing your skills on a large scale.

Initially, grow your connections by doing Pro Bono work. This move will expose you to larger corporations and businesses more easily. You can get good experience with the reputed organizations, and a chance to make influential contacts in your industry. Grow your income with these freelance projects and get closer to your financial goals.