Chartered Financial Analyst.
That’s what I’m considering doing sometime in the future. Besides getting another three letters after my name. ( Matt Warren BCS CFA) I think it would be a lot of valuable knowledge.
Money is something that I’ve been dealing with a lot lately. I’ve been reading books about the subject. Trying to find out what it takes to be rich, and I think I’ve cracked it.
The secret according to “Rich Dad, Poor Dad” is simple accounting principals. Reduse expenses, increase assets.
“Automatic millionaire” subscribes to the notion that setting up your bank account to automatically transfer money into RRSPs and Savings accounts is enough to retire rich.
So that’s what I’ve been trying to do. I’m putting away a sizeable chunk of my pay check directly into my savings account, regardless of what bills I have to pay. The way I look at it now is that paying myself is more important than paying someone else. So I’m prepared to let the bills pile up before I crack and hand over my personal savings.
The other side of things is increasing my assets. By assets I mean things that make me money, and that’s why I’m thinking of going down the path of getting a CFA. I’ve looked at a number of alternatives. Real estate is too big of a jump for me, and I don’t think I have the knack for sales just yet. Stocks seem like a relatively good fit for an analytical mind like mine. So stocks it is for the time being.