Personal Finance Tips from Billionaires #job #in #finance


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Personal Finance Tips from Billionaires

Many people instinctively roll their eyes at the thought of getting personal finance tips from rich people. After all, advice like “Buy topaz dog collars instead of diamond ones” doesn’t exactly resonate with someone who has to stretch every paycheck to make ends meet. But there are some solid tips from very wealthy people that make sense regardless of your financial situation. Here are some personal finance tips from billionaires that can apply to just about everyone.

Carlos Slim Helú is a Mexican businessman who was ranked as the richest person in the world for a few years (Bill Gates regained the title recently.). Slim’s personal finance tips reflect commonly held wisdom among wealth-building experts, including this very basic tip: start early. If you’re 45 and struggling, this may seem irrelevant, but in your case, the advice should be changed slightly to “start now.” The sooner you start managing, saving, and investing your money, however limited, the better off you’ll be as long as you avoid mistakes like throwing all your investment money into one stock. Slim lived this advice, buying shares in a Mexican bank at age 12, and earning 200 pesos a week at as a teen working for his father’s company.

Find Your Passion

Your bank account may be empty, but believing in yourself at the most fundamental level costs nothing. As billionaire Oprah Winfrey said. “You become what you believe. You are where you are today in your life based on everything you have believed.” Change is possible whatever your situation, and the first step is believing in yourself.

Closely related is finding out what your passion in life is, whether it’s sewing, animal rescue, or writing software.

Christopher Paul Gardner is “only” a millionaire, but he was a homeless single father for a time. Carmine Gallo had the opportunity to ask Gardner his secret to success, and Gardner said. “Carmine, here’s the secret to success: find something you love to do so much, you can’t wait for the sun to rise to do it all over again.” Maybe you can’t start that design business, but you can go online or go to your library and start learning about it, and the sooner you do so, the better.

You Don’t Have to Game the System

Billionaire Warren Buffett lives in Omaha, and he made his investment fortune on the fundamentals. focusing on companies with strong annual cash flow, and choosing companies that aren’t at risk of technical obsolescence. Buffett spent the early part of his career investing in insurance companies. It’s not sexy, but it obviously worked. Whether you have $50 to invest or $5,000, sticking with the fundamentals is smart.

Simplify Your Life

This personal finance tip is similar to the previous one. Warren Buffett lives in a house he bought in 1957 for $31,500. Carlos Slim has lived in the same house for more than 40 years. Constantly pursuing things you don’t need puts you on a financial treadmill, not an upward escalator.

Walking and Taking Public Transport Is Nothing to Be Ashamed Of

John Caudwell, David Cheriton, and Chuck Feeney are billionaires you probably haven’t heard of, but all three walk, ride bikes, or use public transport for everyday getting around. It’s easy on the bank account, and better for the environment. If these guys aren’t ashamed at taking the bus, you shouldn’t be either. Haters are gonna hate. Ignore them.

Cars Are Consumer Goods

Ingvar Kamprad of Ikea drives a 10-year-old Volvo, and Walmart billionaire Jim Walton drives a 15-year-old pickup truck. Don’t waste time on the idea that a car is a status symbol. Sure, if you’re a car aficionado, there’s nothing wrong with restoring or buying that sweet ride you’ve dreamed about, if you can afford to. But for most people, including rich people, getting from Point A to Point B in safety and reasonable comfort is sufficient. Some personal finance tips are about distinguishing needs from wants.

When you experience financial difficulties, it can be a little much to take listening to advice from billionaires. But some very wealthy people started from very humble backgrounds. Whatever your financial situation, you can improve it, and personal finance tips offered by the very wealthy can make sense in just about any situation. Buy low, sell high, and don’t waste money. Find your passion and make time for it, even if you’re working at a wage-slave job. These aren’t just tips for financial success, but for making the most of your life, and isn’t that what money is supposed to help you do?


Personal Finance Advice from the Pros: Dave Ramsey, Suze Orman, and More #structured #finance


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Personal Finance Advice from the Pros: Dave Ramsey, Suze Orman, and More

Personal Finance Advice from the Pros: Dave Ramsey, Suze Orman, and More

When it comes to building personal wealth, budgeting like a pro, or starting a new business, people turn to famous financial gurus for advice. Not only do these experts have a firm understanding of personal finance, but they’re not afraid of telling consumers what they are doing wrong. Here’s a look at the top tips from today’s personal finance pros:

David Bach is a bestselling financial author who has written ten consecutive bestselling books at a national level. In addition to making several appearances on The Oprah Winfrey Show. Bach’s book The Automatic Millionaire remained on the bestseller list for thirty-one consecutive weeks. Bach’s motivational speaking includes his popular series, FinishRich®, which allows consumers to learn fast and simple money-management strategies. David Bach is not only passionate about teaching personal finance, he is also involved in numerous charitable organizations.

His personal finance philosophy incorporates living green in conjunction with building personal wealth. Even though his approach is eco-friendly, this does not mean every consumer must implement his “green” approach in order to achieve a sound financial future.

Barbara Corcoran is most widely known for being a television personality on the ABC show Shark Tank. This American businesswoman is an author, columnist, consultant, investor, and speaker. She is considered one of the most powerful real estate brokers in the country and operates one of New York’s most prestigious real estate companies, The Corcoran Group. Her most recent book, Shark Tales: How I Turned $1,000 into a Billion Dollar Business. discusses her no-nonsense approach to starting a business.

Corcoran’s personal finance advice includes overcoming obstacles (she was once a dyslexic student who could barely pass her courses), and not listening to the negative people in your life. Most people walk away from her advice believing that, if she can overcome the odds she discusses so freely and openly, then they can do it, too.

Suze Orman is known for her flamboyant, take-charge personality when it comes to providing top-notch financial advice. She does not pull any punches and gets right down to business. This #1 bestselling author is also a television host with two Emmy Awards under her belt and is one of the top motivational speakers in her field.

Orman has developed a brand of her own by becoming one of the most recognized names in the financial industry, as well as one of the most respected. In addition to writing seven bestselling financial guides, she has also produced six PBS specials. For a period of ten years, Orman directed The Suze Orman Financial Group, having spent four years prior to that as the Vice President of Prudential-Bache Securities.

Orman’s personal finance philosophy takes a hard look at what consumers are doing wrong with their finances. With a no-nonsense approach, she does not accept excuses for a poor financial situation. She forces consumers to develop an understanding of what they want versus what they need. helping them learn to cut the fat out of their financial problems.

In addition to being heard on his syndicated radio program The Dave Ramsey Show in over 450 countries, he is the bestselling author of Total Money Makeover and Financial Peace. Viewers can also watch his program, The Dave Ramsey Show Primetime. on the Fox Business Network. Each of these efforts helps over four million people benefit from Ramsey’s financial advice.

Ramsey’s “baby steps” approach to financial freedom guides consumers from living paycheck-to-paycheck to living debt-free. Even though his principles do not work for every consumer, this does not stop people from actively seeking his financial advice.

Ramsey’s hard-nosed approach toward developing better financial outcomes is eagerly sought by those who struggle with remaining financially disciplined. He guides consumers through the process gradually, keeping his advice results-oriented. Many consumers feel they’re being “yelled at” by Ramsey, but that’s exactly what they need in order to stay on track.

Ali Velshi is best known for his work on CNN, including anchoring CNN International’s World Business Today. serving as CNN’s Chief Business Correspondent, and hosting Your Monday during the weekly business roundtable.

Velshi holds true to his belief that the world’s universal language is “money”. He co-authored a manual entitled How to Speak Money: The Language Knowledge You Need Now with CNN anchor Christie Romans, outlining how to build wealth, implement successful budget strategies, and understand the economy. In addition, Velshi has authored Gimme My Money Back: Your Guide to Beating the Financial Crisis. and he serves as a columnist for Delta Sky magazine and Money Magazine.

Velshi’s journalism background helps him present financial advice in a way that’s reputable and straightforward. His personal finance philosophy is to have a firm knowledge of the country’s economy while understanding the power held by financial institutions over the average consumer. He is known for his coverage of the financial crisis and how consumers can dig themselves out of debt.

No matter which financial guru you follow, Mint makes it easy to track your spending and build your wealth. Sign up for your free account .


Guide to Internal Investment Bank Recruiters at the Top Firms – from #finance #tires


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Guide to Investment Bank Recruiters at the Top Firms

NOTE: We have suspended sales of our guides described below as we undertake a comprehensive update. We will post a notice prominently on the site when the updated guides are available.

This Guide provides you the contacts you need to break into the top investment banks. You will find the names and contact details of the campus recruiters and human resources professionals that are busy hiring into the investment banking industry. You will find 90+ key people in the U.S. Europe and Asia. Included are addresses, email contact, educational background (if available) and current hiring activity (if available).

This is a directory of internal professionals that work inside investment banks rather than external “headhunters” as can be found in our Headhunter List.

The firms included are Bank of America / Merrill Lynch, Barclays Capital, BNP Paribas, Citigroup, Cowen, Credit Suisse, Deutsche Bank, Evercore, GCA-Savvian, Goldman Sachs, Houlihan Lokey, HSBC, Jefferies, JP Morgan, Lazard, Leerink Swann, Lincoln International, Moelis & Company, Morgan Stanley, Needham & Co. Nomura, Perella Weinberg, Piper Jaffray, Raymond James, Robert W. Baird, Royal Bank of Scotland, Societe Generale, Stifel Nicolaus, UBS and Wachovia / Wells Fargo. The recruiters are primarily U.S. focused. There are 10 recruiters included from Europe (London primarily) and one from Asia.

The guide is organized as an Excel spreadsheet to make it as easy as possible for you to select the firms and bankers that interest you. You should feel free to edit the spreadsheet, tracking responses and progress made in your job search effort in the upcoming recruiting season.

The cost of the guide is $49.95.