Tips by Tom Fortino on How to Control and Safeguard Your Finance
Are you tricked by people in the name of increasing your money in just few months? Do you try new means to double your money and find yourself cheated? Are you unaware of the scams and scandals for money? Do you want to control and safeguard your money including the business or personal finances? Then, here’s is the solution to all your worries.
Few days back, Tom Fortino, the Principal & Founder of Alpha Wealth Group, shared tips and advice, thereby helping many people to efficiently control their finances as he strongly believed that “the more educated you are on the subject, the less stressful it becomes to take care of neglected finances.”
The tips and tricks are as follows:
- Be aware of scams: Intelligent traitors of society make plans to fool the innocent public and come up confidently with very influential ideas to attract people towards becoming rich in an easy way. These are just ways to exploit you.
- Sell when stock is well: The stock owners are advised to consider all the necessary factors like stock value, profit / loss earned, future scope etc before selling their article. If you feel satisfied with the money you will be earning by selling a product, then only go for it else wait for upcoming good opportunities.
- Avoid debts: Improve your personal finances such that there is no need to borrow money and pay twice or thrice of it as debt. Remember that not all debts are bad, for example taking educational loan will brighten your future and make you more capable, so do not hesitate to have such loans.
- Pay taxes, it’s your duty: Being a citizen of your country, you should pay taxes timely and complete your duties towards the nation. Payment of taxes on your income at right time (i.e. by April 15 every year) will enable you to get your refund as early as possible. So, do not neglect taxes.
- Get insurance: Insurance plays a vital role in protecting against the financial sufferings. Paying insurance premiums regularly secures the future of your family and articles. You should talk to the insurance providers to get protection for house, health, vehicle, etc.
- Learn the tactics of bargaining: To save money in this costly market, you should learn the tactics of bargaining. Healthy bargaining helps in saving your personal finances starting from small things (like vegetables, fruits, clothes, etc) to big ones (like negotiation with agents, etc).
- Pay bills on time: To avoid unnecessary extra charges due to delay, it is advisable to pay utility bills on time and save money.
- Get credit score: Your 3-digit credit score gives enough for the lenders and businesses to know about you and your credits as well as finance management skills. Good score helps you obtain credit at a better rate and vice-versa.
- Save your money: It will help you and the economy. But just saving is not the end of the world. Invest your money wisely. You might invest in your area of interest. It might be share market or real estate. Always stay alert to the market situation and think fast while taking decisions.
So, what are you waiting for? Start saving your money from today itself and stay happy in the future. We hope that the piece of information shared with you is useful to some extent to guide you and show the right path for saving your money.
Author Box:
Richard Jackson is a finance expert who reveals the best of the basics to keep you sound financially. He admires Tom Fortino and his working tips which when followed can really make you a smart man in the field of managing finance.
Category: Financial Planning
