Leslie Griesdorf is a rounded professional who worked as a dentist for decades. He maintained an excellent reputation with patients and colleagues alike, and when he retired, he began a new professional path as an investor. Today, he enjoys a semi-retired life and makes his money for work him.
If you’d like to enjoy the financial freedom and security of putting your wealth to work, as Leslie Griesdorf does, start with steps like these:
- Emergency Savings in a High-Yield Account
An emergency savings fund is critical for anyone who’d like financial security. You should have enough money tucked away to cover between three and six months of expenses, and to cushion you if disaster strikes. Putting this money into a high-yield account that gives more than the average interest of 0.01% will make your rainy-day fund earn you money while you sleep.
- Passive Income
Passive income is anything that continues earning money with little to no effort on your part. Byengaging in silent business partnerships, for example, you can create streams of passive income with modest investments, do it.
Investing in stocks, bonds and real estate, among other areas, is one of the best ways to grow your wealth. Unless you have time and patience to follow all the latest trends in finance, working with an advisor is often the more profitable way to invest your money.
Remember, professionals like Leslie Griesdorf don’t rush in to financial decisions. They plan carefully, seek expert advice and only take risks with their wealth when they’re ready. Doing the same could greatly benefit your monetary situation.
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Leslie Griesdorf began his career in investing after retiring from dentistry in 2004. He is passionate about the stock market and enjoys learning as much as he can about his new professional focus.
Today, Leslie Griesdorf’s friends and family often turn to him for investing advice. He has immersed himself in the investing lifestyle and maintains consistent stock market involvement, attending corporation meetings whenever opportunities arise.
Wondering why people like Mr. Griesdorf become so enthusiastic about investing? Reasons like those below are just some of many:
- Investing Grows Wealth
Investing allows you to grow the wealth that you have accumulated. If you have the option to put your money to work for you, there’s little reason to turn it down. Plus, the sooner you start putting money into investments, the more you will make.
- Retirement is an Investment
Retirement is an oft-overlooked investment avenue. It’s also an intelligent use of your money and necessary if you hope to enjoy retirement in your later years. Speak with a retirement adviser to calculate how much you need to save to retire. Like any other investment, the sooner you start, the better.
Talking about investing with those who are passionate about it can shine light on many other reasons to put your money to work for you. If you’re lucky enough to be friends with an experienced investor like Leslie Griesdorf, ask him or her to tell you about it. If not, contact a local financial adviser for a consultation meeting and general investing discussion.