Brad Reifler encourages young adults to increase their financial knowledge and try a number of proven financial tips. He believes that investment tips are critical in changing one’s life and overcoming the financial frustrations that many young adults face.
Brad asserts that when the youths start investing early, they will not have to worry about their retirement.
Brad posits that budget is the key to financial success. Just like business budgets, personal budgets should be developed carefully. A good budget should outline one’s projected revenue and expenses. It should also focus on important expenditures.
The document should always allocate some of the income to savings. One’s expenditures should be less than the projected income to cater for unforeseen expenditures and avoid debts.
Crunchbase revealed that Brad Reifler advises young adults to pay all their taxes. Although for salaried people the tax is automatically deducted from their income, self-employed individuals have to make such payments by themselves. Learn more about Brad Reifler: http://www.huffingtonpost.com/author/bradreifler-226
Failure to comply with tax laws can result in severe consequences. Brad asserts that the youths should pay for their health insurance and 401K on time. These deductions lower one’s total income. Budgeting should be done based on the net salary.
Brad Reifler contends that compound interest is a magic to one’s savings. At the end of every year, interest from saved money is added to this amount and the new interest is charged based on the total of the initial sum and the previous interest.
By compounding this amount over several years, an individual can make more wealth and reinvest the amount in other ventures. This way, one will have safeguarded his or her retirement life.
Despite the fact that people may access student loan with non-existent credit history, an individual needs a good credit record to secure some loans such as mortgages.
Prompt payment of credit card loans and rent can greatly help one to have a better credit history. Brad encourages young adults to focus on building their net worth through accumulating assets and cash.
According to Bloomberg, Brad Reifler is a financial expert and an entrepreneur. He is the current chief executive officer of Forefront Capital Management. In his successful career, Brad has founded several companies.
Some of them are Pali Capital and Reifler Trading Corporation. Brad Reifler’s exceptional business acumen saw Pali Capital make over $200 million in profit.