Category: Bite Sized Tips

  • Bite Sized Tips | How to Build a Financial Legacy | Defining Your Why?

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    Define Your Why? Before you pick a stock or app, define WHY you want to invest. Are you saving for retirement, a house, or financial independence? Research shows that people who set clear, written goals are significantly more likely to succeed. Use the SMART framework: Specific, Measurable, Achievable, Relevant, Time-bound.
    Reference: Dominican University of California. (n.d.). Goals Research Summary. https://www.dominican.edu

  • Bite Sized Tips | How to Build A Financial Legacy | What is Investing?

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    What is Investing?: Investing is the act of putting your money to work to grow wealth over time, rather than letting it sit idle. Benjamin Graham, the father of value investing, defined an investment as “an operation which, upon thorough analysis, promises safety of principal and an adequate return.” Understanding this difference from mere saving is key: saving protects your cash, investing grows it.
    Reference: Graham, B. (1949). The Intelligent Investor. Harper & Brothers. [Public domain concept]