Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    The guide to increasing money: The journey to financial freedom
    The guide to increasing money: The journey to financial freedom
    The guide to increasing money: The journey to financial freedom
    Ebook48 pages33 minutes

    The guide to increasing money: The journey to financial freedom

    By Freeman van Milde and Lina Chatopenai

    ()

    Read preview

    About this ebook

    Introduction to the world of finance   Nowadays it is becoming increasingly difficult to invest your assets safely and profitably at the same time. Some countries have even introduced punitive taxes on traditional savings accounts. The traditional practice of simply putting the money in the bank hardly earns any interest and quickly becomes like hiding the money in your savings stocking at home or under your mattress. This stagnation of capital is exacerbated by inflation, as money loses value if it is not channeled into alternative forms of investment.   In the past, many people have been blinded by seemingly fantastic returns and lost sight of security. Returns of ten percent or more have stimulated greed and overruled rational considerations. Don't get me wrong, such returns are certainly possible, but not with the conventional financial instruments that are available to the general public. Most resulted in abrupt losses of wealth, particularly in high-risk investment products. A good example of this is speculative bets on the future price of the dollar at a certain point in time. Such approaches are more similar to a visit to a casino in Las Vegas or a lottery game with a million-dollar chance of winning the jackpot.   The gambling mentality often blinds investors to reality and leads to unsafe investments. In this context, the following often applies: less is actually more. Security comes at a price, and investors looking to recover their capital should settle for moderate returns. Long-term stability of four or five percent is far more desirable than the risk of speculating on ten or twenty percent and endangering your capital unless you have the necessary knowledge or a coach.   This dilemma is similar to what one has experienced while playing cards or at a slot machine. You win occasionally and get cocky, betting that the winning streak will continue. On the other hand, you want to bet against losses and win back the stake. However, the mathematica

    LanguageEnglish
    PublisherBookRix
    Release dateOct 2, 2023
    ISBN9783755454823
    The guide to increasing money: The journey to financial freedom

    Related to The guide to increasing money

    Related ebooks

    Teaching Methods & Materials For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      3 Common Money Myths You Probably Believe

      Apr 3, 2018

      If you want to build your wealth, it's never been easier to learn how to do that, thanks to the Internet. Anyone with an Internet connection can find the answers to just about any question in a matter of seconds. You can teach yourself almost anythin

      4 min read

    • Article

      Grow your Money Don’t Blow It

      Oct 4, 2021

      South African markets offer a range of investment options, which is great as it gives you choices. But it also means you could invest in funds not ideal for your situation. You need to do your homework. Poorly chosen investments are like missing a tu

      4 min read

    • Article

      Millennials: It Might be Time to Break Up with Cash

      Dec 18, 2018

      While some in older generations have come to loathe traditional deposit accounts because of the disappointing rate of return over the last decade, many Millennials have spent their adult years hoarding cash, thinking it is the safest investment. Well

      4 min read

    • Article

      Avoid These 3 Potential Pitfalls to Help Protect Your Retirement Income

      Sep 24, 2019

      Investing is a challenge at any age, but as you near and reach retirement, it becomes especially important to help avoid making mistakes. When you're younger, you have more time to recover from the loss you suffer on a bad investment or when the mar

      5 min read

    • Article

      How to Avoid Being Robbed Blind After You Die

      Jul 16, 2018

      In February 2018, prominent NYC attorney Steven Etkind was arrested on charges of embezzling millions of dollars from a deceased client's estate. The client's will directed the creation of charitable trusts (of which Etkind served as co-trustee), fun

      5 min read

    • Article

      Take The Personality Test

      Sep 29, 2022

      Take The Personality Test
      4 min read

    • Article

      The Elephant in the Room: Your Adviser Is Getting Paid

      Jun 24, 2019

      If you're like most Americans, you may not know how much you pay in investment fees. In fact, 61% of Americans reported that they don't. It's no wonder -- the financial services and advisory industry boasts a confusing array of fees. Those fees also

      5 min read

    • Article

      What if I Told You That You Were Worth $160?

      May 15, 2018

      From a purely scientific and mathematical perspective, the human body is worth about $160. We are composed of 65% oxygen, worth a whopping $9.63; we have only 0.25% of potassium in our bodies, but it is worth a surprising $104 (keep eating your bana

      3 min read

    • Article

      Money Tree

      Jan 20, 2022

      Money Tree
      4 min read

    • Article

      What Should I Focus On To Build My Savings After A Divorce? I Want To Grow My Investment Portfolio. Do You Have Any Tips To Consider? How Can I Remain Financially Independent While In A Relationship? 8 Name Withheld Do I Need Business Insurance?

      Aug 26, 2023

      Name withheld Jaanre Muller – Wealth Manager, PSG Wealth, Hermanus replies: The first step is to determine what you’re saving for. Having a clear goal allows you to map out your financial plan, which involves some key considerations such as how much

      4 min read

    • Article

      What Should I Focus On To Build My Savings After A Divorce I Want To Grow My Investment Portfolio. Do You Have Any Tips To Consider? How Can I Remain Financially Independent While In A Relationship? Do I Need Business Insurance?

      Aug 26, 2023

      Name withheld Jaanre Muller – Wealth Manager, PSG Wealth, Hermanus replies: The first step is to determine what you’re saving for. Having a clear goal allows you to map out your financial plan, which involves some key considerations such as how much

      4 min read

    • Article

      What Should I Focus On To Build My Savings After A Divorce? I Want To Grow My Investment Portfolio. Do You Have Any Tips To Consider? How Can I Remain Financially Independent While In A Relationship? Do I Need Business Insurance?

      Aug 26, 2023

      Name withheld Jaanre Muller – Wealth Manager, PSG Wealth, Hermanus replies: The first step is to determine what you’re saving for. Having a clear goal allows you to map out your financial plan, which involves some key considerations such as how much

      4 min read

    • Article

      A Forgotten First Step in Wealth Creation: Emergency Funds

      Jul 8, 2019

      An epidemic of stress grips America. Despite a low unemployment rate, 62% of Americans admit to feeling stressed about money with 31% feeling stressed by it all the time and losing sleep, according to a survey by investing app Stash. In the short te

      4 min read

    • Article

      How Can I Safeguard My Investment Portfolio? Name Withheld How Can I Safeguard Investments From A Bad Economy? How Can I Save And Stick To A Healthy Budget? How To Proctect My Assests From Loadshedding?

      May 27, 2023

      I’ve researched a few unit trusts and I’ve noted that some funds indicate a maximum drawdown that can be high. What does this mean, and are there any precautions I can take to safeguard my portfolio? Graham Lovely, Wealth Manager, PSG Wealth, Claremo

      4 min read

    • Article

      How Can I Safeguard My Investment Portfolio? Name Withheld How Can I Safeguard Investments From A Bad Economy? How Can I Save And Stick To A Healthy Budget? How To Proctect My Assests From Loadshedding?

      May 27, 2023

      I’ve researched a few unit trusts and I’ve noted that some funds indicate a maximum drawdown that can be high. What does this mean, and are there any precautions I can take to safeguard my portfolio? Graham Lovely, Wealth Manager, PSG Wealth, Claremo

      4 min read

    • Article

      How Can I Safeguard My Investment Portfolio? Name Withheld How Can I Safeguard Investments From A Bad Economy? How Can I Save And Stick To A Healthy Budget? How To Proctect My Assests From Loadshedding?

      May 27, 2023

      I’ve researched a few unit trusts and I’ve noted that some funds indicate a maximum drawdown that can be high. What does this mean, and are there any precautions I can take to safeguard my portfolio? Graham Lovely, Wealth Manager, PSG Wealth, Claremo

      4 min read

    • Article

      6 Money Myths Busted

      Jun 3, 2022

      Send suggestions for topics and requests for info to yourmoney@you.co.za. We may answer your questions in this column but won’t reply personally. WE’VE all made mistakes when it comes to money – and sometimes it’s because we believe things we should

      3 min read

    • Article

      7 Traits Shared by Every Good Financial Adviser

      Mar 12, 2019

      Thanks to steady technological advances, financial advisers now come in all different shapes and sizes. Gone is the stereotypical besuited man behind a mahogany desk. Now the options range from faceless "robo-advisers" to your friendly neighborhood i

      3 min read

    • Article

      Thinking Of Getting Into The Stock Market?

      Mar 27, 2022

      Have you been toying with the idea of investing in the stock market? According to financial adviser Helen Baker, there’s a few questions you need to ask yourself before you take the first step. “The first thing to consider is why are you investing –

      2 min read

    • Article

      Lack of Financial Information Is No Longer the Problem. Knowing How to Process It Is.

      May 31, 2018

      Thanks to new technologies, investing is more accessible than ever. You can buy stocks, bonds and mutual funds with a click of a mouse, or even with an app on your phone. As a result of these technologies, we now have more, faster and cheaper informa

      4 min read

    • Article

      Enjoy Your Latte and Retirement, Too

      Dec 6, 2019

      Throughout the year I meet with dozens of new clients who have a variety of financial concerns and objectives. Interestingly, one of the most common confessions I hear among this eclectic group is about purchasing coffee. It goes something like this:

      5 min read

    • Article

      Is a Target Date Fund Right for You?

      Jul 23, 2019

      What year do you want to retire? That single question is the concept behind target date funds, which are quickly growing in popularity. Target date funds debuted in 1994 as a simple option for retirement savers. They are mutual funds, based on the y

      4 min read

    Related categories

    Reviews for The guide to increasing money

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The guide to increasing money - Freeman van Milde

      Gebook_preview_excerpt.htmlVMo7+ٹd)E 4Eyĝ2 ?$o+im .9|O?/5ǰ{UxFͮM ;3rز ֑7cfj;K`TL”ă097Vr&ǘ}GÎo]14pޘGsƻO ?]@V)6DzC)λz27d-'3 |'w @k[`xx)m9FYL]4!4*tFWXP49X6oWΘ-NCkܘ_ccÝy 6x_۫gnGm(2) Mf*x8|.NfKa/ˏ?ݭ4mnyyv缎ZOi nN1W ZQK1suCy,hfRXPuџ h(AW.acΚ=3PFoV>*cP&b^'$ׂ)닍9@X9nFa?hЭ-^X)*Uj\-LOС @&z>  (=˪/M J6}t/QiDg>#$]m&]'9X.ɧ=we_P[$(dy҂wK<%/UzxGhVrFw-QJ q`Je:% XzG`>JȢrﴇG<@"ZÑ[F "#eSma^XCWa&:;vyR5tͮ"/aJwʼnj|iMei"7aȩGz7HϷLnxk{nU$I^t7S2մݧÀPbiC ':pruFi},@u ARaaK>ѐ_Z#k.rU>vfNБ8&)-֖Q,"*s3g[^ UTA挔m nͧeLYDL:g6g!ܼ澓 K7eXQnU>ە],BAC ?VjQĎQ`8VrA/E9Uen}8H1;Bҁy]EzQw-mn SRH1F:4e@MA-aA$3~Ы'D:-`=5,6jle-9Zg2KZnԪۜlaWO+6"a~lm 9Wdv: f"*.s}%O*Z,\/̈zkYH(XPZ/[{>ОJţO^GGOqt/`lѽ*ey55GA.s e{L.WOYV;\
      Enjoying the preview?
      Page 1 of 1