Gerhard Herrera-Pahl is always looking for more ways to share what he knows. Through a popular site, Medium.com Gerhard was able to find a great outlet to contribute. His ideas are both learned from previous experience and newly formed ones as well. Therefore, by sharing what he knows, he hopes to help others with finance too. The world of finance is everchanging and having some guidance always helps. For the job of a Financial Advisor, it is imperative to know your market, manage your clients and meet certain requirements. Without these main concepts, the job would be difficult to do.
Gerhard Herrera-Pahl is wanting people to know that it is never too early to start saving. Also, investing your money is really important too! In most states, people can start investing as early as 18. If parents wish to open accounts up for their kids, they can control it until they are old enough. The first step is to establish some saving goals, based on the income received from their potential job. With savings accounts, there is no real interest rate, so it will allow people to learn early on how to save appropriately. It should be a mix of ambitiousness and also realisticness. No one should save a large amount if they cannot afford their month to month payments.
By managing one’s money, Gerhard H.P believes that everyone should learn how to. It is really crucial for students in college to know how to manage money. He highlights 3 aspects of success. Firstly, sticking to a budget. Secondly, taking control of your credit cards. Thirdly, set up automatic saving transactions. With all of three of these, you are setting up yourself for the highest form of success.