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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