The key to building wealth is making sure you pay yourself first
He and his team work exclusively with clients who can invest a minimum of $2 million, and more often with clients who invest substantially more. His guiding principles, however, apply to all income brackets. In his role as a private wealth advisor, he manages his clients’ investment portfolios, helps with the financing of loans, and helps implement their retirement and estate planning as well as asset preservation strategies.
He didn’t always plan to be in the finance industry; actually, he originally set out to be a doctor. But while attending UCLA initially with a pre-med curriculum, he was introduced to the world of business and economics, and “came to love it.” He did an about-turn and graduated magna cum laude, with degrees in both Business Economics and Political Science.
Here he shares with Kosher Money what he’s learned on the job.
There’s a popular misconception that if you keep money in the bank and add to your savings, that will be enough to build wealth and help ensure a comfortable retirement. What people often don’t realize is that you really can’t build real wealth over time by just keeping money in cash and CDs, and even bonds for that matter.
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