Investing is something that should be done early in life. So many people are in their 40’s and 50’s and still don’t have a solid investment plan. This can be avoided by teaching children from an early age how to invest. My sister-in-law’s family did something very smart with their children. As a family of 9, they wanted to teach their children the value of a dollar. The family bought a vending machine for a starter business. The children were to run the business with, one responsible for inventory, one for ordering, another for counting the money, one for depositing and so on. The vending machine was put in a very busy location, and they made quite a bit of money. They conducted the vending business for over 10 years. When each of the children turned 16 years of age, they had enough money in their accounts to buy a nice used car.
What this family did was ingenious. They taught them how to work hard, run a business and bank their money. Some of the children gambled with the stock market, others bought CD’s, but mostly they put their money in an interest bearing savings account. These children learned valuable lessons that hopefully allowed them to make wise decisions for their futures. They learned that they had to work hard and save, but if they did that they would reap the rewards. Why can’t the average worker learn that? There are more and more people depending on the Social Security System these days and it’s in threat of ruin.
There are many different ways to invest. There are the financial markets, stock market, commodities, CDs, Investment accounts and the list goes on. The average person should be putting away about 10-20% of their paychecks into investments for their retirement. If you cannot afford to do 10%, put away 5%. Anything that goes into investments will only help in the future. When you do invest a great deal of money into different accounts, it helps to have someone to help out. Igor Cornelsen is an investment banker that is based from Brazil. For those who want to get involved in investments in the foreign markets, they should consider using someone like him.
Cornelsen is an expert at the new Brazilian economy. Many people are looking in this direction for their investments, especially since it has over 200 million inhabitants. It is quickly becoming a key player in the world economics. He is helping people cut through the red tape; connect with the natives and to know foreign-currency restrictions. Wherever you choose to invest, find someone that can help guide you along the way.