Wednesday, 1 February 2017

Best Personal Finance Advices & Tips Given by Famous 8 Financial Experts

This article is based on best personal finance advices will definitely help you in making decisions on your personal financial managements. These financial management tips will also help to overcome from your financial crises. Below are some personal financial tips given by famous financial experts. You can use these financial tips and tricks to become more and more financially strong.

At the stage of managing your personal or professional finance, every one need advices, at that stage it’s better to go to the man who can help you in better way and we called them a Finance Guru.

However, they were not the experts from the beginning, they also faced many situation and learned a lot from that situations. After learning more and more now they became experts at this stage they are helping other by providing them an advices.

And in every case, the person who later became an expert recognized the wisdom for what it was -- and is still using it to build wealth.

You can learn from these successful people and you can consider it the best personal financial advice you ever received.

Name of Best Financial Advisers:

  • Gary Belsky
  • George Kinder
  • Dave Ramsey
  • Wayne W. Dyer
  • Robert Kiyosaki
  • Rieva Lesonsky
  • Peter Navarro

Gary Belsky: is a famous financial expert and co-author of "Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the New Science of Behavioral Economics".

Financial Advice by Gary Belsky:

"Be afraid when people are greedy, and greedy when people are afraid. It's basically, 'Buy low and sell high.' In general, I've been doing better than market averages when I've been handling my investments. I've basically done that by being conservative when the market is frothing and aggressive when the market is down."

Wayne W. Dyer: is a known expert of financial market. He has Ph.D. in the same market and he is an author of "Your Erroneous Zones" and "It's Not What You've Got: Lessons for Kids on Money and Abundance".

Financial Tips by Wayne W. Dyer:

If you pay yourself only then you can be financially independent.

The lesson "for me was, first, pay yourself," Dyer says. "If you want to be financially independent by the time you're 30 years old, pay yourself first."

While in the Navy stationed in Guam, Dyer saved 90 percent of his pay over the last 18 months he was there. "So I came home with enough money to pay tuition for four years of school and a car.
Even today I pay myself first. If you want to be financially independent by the time you're 30 years old, pay yourself first.

"When you get your paycheck, take a percentage -- between 10 percent and 30 percent -- and put that away," Dyer says. "You'll be rich enough to be financially independent within a short period of time."

Neale S. Godfrey: is an author of financial guide named as "Money Doesn't Grow on Trees: A Parent's Guide to Raising Financially Responsible Children," and chair of the Children's Financial Network:

Financial Advices by Neale S. Godfrey:

"Step away from the television and the magazines. All they serve to do is show you how stupid you are because you've missed whatever they're talking about. It's old news. It's already happened."

Her financial adviser given an advice and she recalls. "I used to call him and say, 'Why didn't we ...?' He'd say, 'Stop it. Step away from the television. It's done.’”

After realising the point she said, he was right. "By the time you see it or read it, it's done; it's happened," Godfrey says. And if you listen and follow the hot news, she says, "You will buy at the top and sell at the bottom -- exactly what you're not supposed to do."

George Kinder: a Certified Financial Planner and advice many people to become financially independent. He is an author of "The Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life," and founder of The Kinder Institute.

Financial Advice given by George Kinder:

"It's about the meaning, not the money. If my investing is not really deeply tied to what I think is most important in my life," he says, then, "the asset allocation, the estate plan, the retirement plan might as well be thrown out the window."

Best Advice of George Kinder:

"Hire a Registered Life Planner (a financial planner with additional training in helping clients identify and reach life goals) to help you through this," Kinder says. "Nobody can do this themselves."

A life trainer, he says, "is trained in how to elicit from a client what is meaningful and how to keep their eyes on the prize."

Robert Kiyosaki, co-author of "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money -- That the Poor and Middle Class Do Not!"

Financial Tips by Robert Kiyosaki:

"My rich dad gave me lots of advice. One of the better ones: There's good debt and bad debt. Bad debt is debt you have to pay for and makes you poor. If I use credit cards to buy new shoes it makes me poor. Good debt makes me rich and someone else pays for it."

Example: "I'm closing on a $17 million property and financing $14 million. That $14 million is good debt. It makes me richer every month by putting $20,000 in my pocket."

Rieva Lesonsky is a senior vice president and editorial director at Entrepreneur magazine and co-author of "Start Your Own Business,"

Best advice given by Rieva Lesonsky:

"Was from the owner of our magazine, Peter Shea," she recalls. "He said, 'Housing prices have gone up -- get a second mortgage and pay off your debt.' I did, and I'm debt-free."

Peter Navarro, Ph.D., author of "The Coming China Wars: Where They Will Be Fought and How They Can Be Won," and associate professor of economics and public policy at the University of California, Irvine:

Best advice given by Peter Navarro:

"Take every piece of advice you get from any investment adviser with a barrel of salt. Most are trying to sell you things that you probably don't need or want. Think for yourself." He shared his experience and said that he learned that lesson after a bad experience with a financial adviser. "I lost some money, then took control and never looked back”.

Dave Ramsey is an author of "The Total Money Makeover: A Proven Plan for Financial Fitness" and host of a nationally syndicated radio show focusing on personal finance and also known for their best financial advices.

Best financial advice given by Dave Ramsey:

"A friend of mine who is a billionaire told me that he reads a book to his grandkids and I should read that book. The book is 'The Tortoise and the Hare.' Every time he reads the book, the tortoise wins. Slow and steady wins the race, and consistency matters. Get-rich-quick never wins.

"If you try to impress other people, you'll lose the wealth race, as well," Ramsey says. "It sure did give me a nice metaphor. It's a good reminder to somebody like me to keep me in check. It has implications for debt, for mutual funds, for budgets -- an overlay for everything."

Tips & Tricks Credit: www.bankrate.com
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