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Being the co-founder of an investment advisory firm and being an ex-portfolio manager, friends and family often approach Kyle Tomlin for financial advice.Here are a few we handpicked.. http://bit.ly/2b4r4tm
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Best Investments Handpicked By Kyle Tomlin Being the co-founder of an investment advisory firm and being an ex-portfolio manager, friends and family often approach Kyle Tomlin for financial advice. Kyle likes to remind them that, in addition to “financial-only” investments, there are many other types of tangible investments that one can make to secure their financial future. We agree with Mr. Tomlin, that one should diversify their “portfolio” by broadening their definition of what an investment can mean. Here are a few we handpicked: 1.Skill/Education: Education is one of the most important and valuable investments one can ever make. Acquiring a skill and mastering it is incredibly important to an individual’s financial future. Developing a skillset is an asset that can never be taken away from you, and in that regard is the ultimate investment in one’s financial future. 2.Your Home: Just like our elders said, homes are great investments. While real estate markets will have their inevitable “ups and downs”, following a “forced savings” discipline of paying down a mortgage on a monthly basis frequently leads to significant equity value in ones home over the long-term. 3.People: The most important determinant of the success or failure of any investment pertains to the people behind the investment. Ask any successful entrepreneur and she’ll typically tell you that hiring talented people for the skillsets she didn’t bring to the table was the best thing she did to maximize the success of her business. 4.Second income source: A second income sourcecan be used as a means to save and invest to secure one’sfinancial .Mostindividuals will likely say that the money earned from their primary source of income generally goes towards expenses. Having a second source of income allows individuals to create thefinancial cushion necessary to save for the future.How do you create a second income? Consider sources such as part-time jobs, blogging, baby sitting, and participating in consumer studies.