As managing partner of Pacific Holdings Partnership in Los Angeles, Youval Ziv is responsible for every operation, including acquisitions and cash distributions. Aside from his work-related obligations, Youval Ziv enjoys financial topics and ensuring his future is secure.
Securing your future is, no doubt, one of the most important aspects of life you need to consider. Being financially stable after you retire is something everyone should work on. By following a few tips, you can achieve your financial goals and make it less overwhelming.
Starting as soon as you can is ideal. Saving money from an early age is beneficial because it means you will have more money saved in the end. However, it’s not too late to start no matter your age. Treating your savings account as an expense will allow you to save more money than you probably ever would have. It can be a challenge to save money, but you need that nest egg to be financially secure. Once you get your paycheck each week, put a specific percentage right into your savings before you are tempted to use it.
Additionally, make sure your portfolio has diversity. For example, it may seem logical and easy to put all of your retirement and assets into just one form of investment. However, the opposite is best: you should put your retirement and assets into a few different forms of investment. The reason is to have a couple different accounts so you don’t risk losing your entire investment.
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