7 Habits of Highly Effective Investors
Not all Latin Americans are falling short in meeting their desired financial goals. There is a group of Highly Effective Investors who are taking the steps required to prepare for a financially secure future. They live within their means, manage their spending, limit their debt and make a greater commitment to growing their savings and investments.
Regularly review finances
They spend more time reviewing and monitoring their savings and investments on a monthly basis.
Spend time to get informed
They are more likely to regularly read financial newspapers or magazines and make the most of financial blogs and investment websites.
Seek financial advice
They are almost twice as likely to use financial professionals as important partners to help them make the right investment decisions.
They are more likely to minimize debt. They are almost twice as likely to own their home outright, having paid off their mortgage.
Prioritize saving for retirement
They put the right emphasis on retirement, taking the initiative to save through a variety of means including their own personal savings and private pension plans amassing larger retirement savings.
They don't just fall back on cash, rather, they own a broader range of investments. They are more likely to own stocks and twice as likely to own bonds.
Plan for big moments
While life happens—getting married, buying a home, starting a family, or facing setbacks—they get ahead of the curve and take steps to plan for big life events.