mycashflowclub

© o5com

Faisal Karkari is a Kuwaiti personal finance expert who has tips for young people on how to save, invest and start their own businesses. In his books, Karkari develops a concept of five 'pillars' of personal finance wisdom that can help you to manage your finances.

The first pillar is for people to overcome their wrong and negative beliefs about money and to believe that anyone can become rich and save money. The second pillar is mathematical evaluation of your financial situation. The third pillar is to design a financial life plan outlining goals, obstacles, and tools to overcome the obstacles. The fourth pillar is saving, and Karkari explains different ways to save, as well as how to overcome difficulties that prevent many people from saving enough. The fifth pillar is investing, which includes setting long term investment goals and an investment strategy at a young age.

© epSos.de

Food Lion co-founder and multimillionaire Ralph Ketner spoke to Catawba College students about personal finance, and he had a lot of great advice based on his own experience. He was inspired to speak to the class after hearing from a young man who had complained that he couldn't live on $36000 a year.

Ketner told students about his own experience growing up as a young man after both his parents had died, and he had to sell newspapers just to survive. He never graduated from college and yet went on to found one of the largest grocery store chains, along with two other men, who all worked together cold calling investors to raise the seed money. He is critical of people today who complain they cannot live off $36000 a year, and also of modern executives who often put their own interests ahead of shareholders, customers, and employees.

© alancleaver_2000

A financial planner is your ultimate asset, if you want to manage your resources to achieve the goals you always wanted to reach. He or she is the only person you would want to listen to when it comes to dealing with your finances.

A financial planner knows exactly what kind of resources you have and knows the complete history of all your investments. It is their job to keep all the information so that you do not have to go through this hassle.

It is the duty of your financial planner to stay in touch with all your managerial staff in order to stay updated with all your financial information. Your planner chalks out lucrative plans for your future investments keeping in mind not to interfere with your past investments. Financial planners make it their first priority to make their clients a lot of money.