Many people today struggle with their personal finances. The average person is not investing for the future, and they have a lot of debt they cannot pay off. The good news is that there are steps everyone can take to get into a better financial position.
Paul Mampilly is one of the leading investment minds in the world today. He has had a great career, but he is still working hard to help as many people as possible. He is excited about all of the plans that he has for the future.
Investing Advice for Others
If you want to have more success in your finances, planning for the future is vital. Most people only think a week or a month out with their finances. In order to have success, you have to think many years out.
Paul Mampilly sits down with all of his clients and plans out their future with them. He shows them how much money they need to start saving today in order to reach their financial goals. Many people are surprised to learn how much they need to change in their personal finances to reach their goals.
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One of the biggest issues in the economy today is debt. Millions of people struggle with credit card and student loan debt. In order to succeed with your finances, you have to get rid of bad debt that is reducing your cash flow every month.
After paying off debt, you can start investing. Paul Mampilly recommends choosing an index fund with a low expense ratio. An expense ratio is the percentage of funds that go towards paying the fund manager. Paul Mampilly has won a lot of awards for his work in the field helping others with their finances. He has also written several books on the subject of personal finance.
Find more about Paul Mampilly: http://www.talkmarkets.com/contributor/paul-mampilly/