Everybody in this world wants to be self sufficient, self dependent and financially successful. But the irony is that not everyone is able to turn this dream into a reality. Richard Cayne in Thailand says that following few basic tips can keep us on the right path to building our wealth and achieving our financial goals. We all should remember that our capital is just like a seed and we all need to learn how best to plant it, nourish it and take care of it so that it rewards us with a successful harvest in form of profitable returns. This article sheds light on some basic tips which are really helpful for common individuals who are interested in building wealth.
Be Optimistic – According to Richard Cayne Meyer International, the first tip of wealth building is to stay optimistic. Life is full of difficulties but in order to emerge as a winner, we all need to have a positive attitude and an optimistic approach. The various challenges in our lives may seem to be extreme hurdles but it is only our attitude, wisdom and approach that can bring out solutions for any kind of problems.
Do What You Love – Most people work for a living in some profession but those who do what they love end up excelling in their careers and achieve higher rates of remuneration than those who are simply grinding out a living they do not enjoy. If you can find work that you enjoy then the chances of excelling at it is far better. Needless to say, it will be an important step for your building your wealth.
Be Courageous but Understand risks – As per the opinion of Richard Cayne at Meyer International Ltd in Thailand the Asian based marketing arm of Meyer Asset Management Ltd, life presents many risks and challenges and as one cannot avoid risk altogether it is best if you try and learn how to measure and evaluate risks so that you can make the most of any opportunity. If you’re able to access the risk reward potential of investments then you will have the courage to make that leap when you see it.
Learn About You Options – If you don’t know what your options are then you can’t take advantage of them nor with you feel comfortable making decisions. Work with professionals that can help guide you through options that are suitable for you says Richard Cayne in Bangkok Thailand.
Save As Much As You Can – No matter what your age is you should start saving as soon as possible. In fact you should start saving from the time you start earning. Even if you save a small amount, it will be extremely helpful for you in your future needs and will help you in your wealth building strategy. Richard Cayne having worked in Meyer Asset Management Ltd in Tokyo Japan had recognized and advised many Japanese over the years about “time on your side” and making the most of savings and investments while at a young age and with time on your side it can grow far more than most expect. In fact someone savings 20% of their income in their twenties when it comes to a target retirement in late 50s or early 60s that money invested in the early years can represent 80% of the final portfolio due to the power of time on your side.
Imagine having invested in Asia 40 years ago and what that is worth today. Many growth funds are up on an annual compound basis of over 20% per year! Paying yourself first and investing that money before you part with the rest of your paycheck can result in a very comfortable longer term wealth building strategy.
Richard Cayne part of the Meyer International Ltd and Meyer Asset Management Ltd has been consulting individuals in Asia for over 17 years and currently resides in Bangkok Thailand.
Be Optimistic – According to Richard Cayne Meyer International, the first tip of wealth building is to stay optimistic. Life is full of difficulties but in order to emerge as a winner, we all need to have a positive attitude and an optimistic approach. The various challenges in our lives may seem to be extreme hurdles but it is only our attitude, wisdom and approach that can bring out solutions for any kind of problems.
Do What You Love – Most people work for a living in some profession but those who do what they love end up excelling in their careers and achieve higher rates of remuneration than those who are simply grinding out a living they do not enjoy. If you can find work that you enjoy then the chances of excelling at it is far better. Needless to say, it will be an important step for your building your wealth.
Be Courageous but Understand risks – As per the opinion of Richard Cayne at Meyer International Ltd in Thailand the Asian based marketing arm of Meyer Asset Management Ltd, life presents many risks and challenges and as one cannot avoid risk altogether it is best if you try and learn how to measure and evaluate risks so that you can make the most of any opportunity. If you’re able to access the risk reward potential of investments then you will have the courage to make that leap when you see it.
Learn About You Options – If you don’t know what your options are then you can’t take advantage of them nor with you feel comfortable making decisions. Work with professionals that can help guide you through options that are suitable for you says Richard Cayne in Bangkok Thailand.
Save As Much As You Can – No matter what your age is you should start saving as soon as possible. In fact you should start saving from the time you start earning. Even if you save a small amount, it will be extremely helpful for you in your future needs and will help you in your wealth building strategy. Richard Cayne having worked in Meyer Asset Management Ltd in Tokyo Japan had recognized and advised many Japanese over the years about “time on your side” and making the most of savings and investments while at a young age and with time on your side it can grow far more than most expect. In fact someone savings 20% of their income in their twenties when it comes to a target retirement in late 50s or early 60s that money invested in the early years can represent 80% of the final portfolio due to the power of time on your side.
Imagine having invested in Asia 40 years ago and what that is worth today. Many growth funds are up on an annual compound basis of over 20% per year! Paying yourself first and investing that money before you part with the rest of your paycheck can result in a very comfortable longer term wealth building strategy.
Richard Cayne part of the Meyer International Ltd and Meyer Asset Management Ltd has been consulting individuals in Asia for over 17 years and currently resides in Bangkok Thailand.
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