Questions tagged [wealth-preservation]

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4
votes
6answers
552 views

How to start building wealth from a young age?

NECESSARY INFO Hi, I'm 15 years old. I just won $1200 from an editing project. I could spend all of the money on things like smartphones and stuff that I want. But I believe it's preferable to be ...
2
votes
1answer
141 views

What kind of customer tier should I be aiming at? [closed]

I have about 2M EUR of savings, in all kind of supports (the choice of the supports was random or historic - not driven by any reasonable financial analysis). Since I have no interest in managing ...
0
votes
2answers
96 views

How should I save money? [duplicate]

It has been about a year since I graduated college and started working. So far all my earnings are going into my checking account. Since I don't have much experience with managing my finances, I was ...
3
votes
2answers
2k views

What exactly is a wealth management platform?

I've Googled it. Trust me. It seems every site that talks about a wealth management platform already assumes one knows what this is. Is a wealth management platform a set of ideals, a software ...
-2
votes
1answer
291 views

How to hire a professional for managing $5 million and above?

I need to hire a professional for managing an investment of $5 million and above. The goal of the investment is growth and wealth protection. I would like to hire a professional that I can fully ...
3
votes
3answers
264 views

Why is the highest quintile the only quintile whose wealth exceeds its income? [closed]

Based on this study, the highest quintile of the population is the only group whose wealth is greater than its income. Why might this be? Is it because they are more likely to inherit wealth from ...
3
votes
3answers
217 views

Advice on preserving wealth in a volatile economic/political country

I'm looking for some advice on how to best position myself in an country that faces a volatile economic future in the short/mid term ahead. Some background: I live in South Africa where our currency ...
8
votes
2answers
20k views

How did Bill Gates actually make his money?

This is something that has always made me curious as heck. I don't really understand how corporate system works so please forgive me if the answer is extremely obvious. I realize Microsoft's history, ...
0
votes
1answer
116 views

Good Money Habits and Principles [closed]

I want to know good money Habits that are universal and permanent. Where can I learn about them? Please help me with some sources.
6
votes
2answers
352 views

What else can I do aside from my job to accumulate wealth?

I have a 8-6 day job in which I trade most of my time in a day just for a mere wage of about 30k a year. I've found accumulating wealth through monthly wages too slow and works against me because I ...
25
votes
8answers
10k views

1.4 million cash. What do I do?

I hit the jackpot by selling my start up for $1.4 million. Then I took a salaried job at $107k. I have no debt and own a fully paid-off house and car. For the rich this may sound like small money, but ...
4
votes
3answers
746 views

3-year horizon before trading up to next home: put windfall in savings, or pay off mortgage?

Summary: over the 3 years until I trade up to my family's next home, is it smarter to put my upcoming windfall (~$400K, earned over the next 3 years as I vest in stock) in a savings account (earning 0....
3
votes
2answers
3k views

What is the best way to save money from inflation and currency devaluation?

I live in one of the poorest and corrupt countries in Asia. The government is incompetent and laws only apply to the poor. The economy is shrinking and currency is going through constant devaluation ...