What Facebook and smart investors have in common
- Successful tech start-ups and successful investors have three things in common: they’re very good at Prediction, Preparation and Pivoting.
- You can’t predict when life will throw you financial curve balls, but you can get yourself into excellent position to handle them when they occur.
- With the three Ps in place, even job loss, death in the family or health setbacks won’t prevent you from achieving your long-term financial goals.
Leadership, relationship and creativity are keys to a successful client-advisor relationship. How do your advisors stack up?
- If your advisors are not providing you with the leadership, relationship and creativity you need, then don’t be afraid to shop around.
- Are your advisors pulling you closer toward your goals or pushing you to where they want you to go?
- Do your advisors listen? Are they proactive? Are they capable? Do they pull rather than push?
Make sure you’re playing the stay-rich game, not the get-rich game.
- Wealth preservation is the No.1 financial concern for 80 percent of successful investors—that’s been a constant for several decades.
- You want to be in the stay-rich game, not the get-rich game.
- Two simple rules for the stay-rich game: structure and diversification.