Brad Reifler is a sequential American entrepreneur. He is reputable for founding Forefront Capital and serving as its chief executive officer. He is a former founding partner of the Pali Capital. Reifler was also the originator of Refco. He had a primary business by the name Reifler Trading Company before establishing the Sino Mercury Company. Reifler endeavors to transform the lives of young people through financial life lessons.
- Significance of the Budget
Reifler says that businesses generate budgets to plan their expenses and project their revenue. Young people also need to allocate some time to figure out how much money they have and how to save and spend the money. He says that young people would better handle their finances if they considered themselves as a business. Reifler says that people avoid becoming victims unmet needs and endless debts when they understand the magnitude of balancing their income and expenses.
Importance of Compound Interest
Reifler says that individuals who start saving in advance become prosperous even before their retirement ages. Savings earn interest. This is supplementary to their balance and it leads to more interest. Reifler declares that compounding interest effect results to sustained considerable gains that help to lessen the retirement arrangement pains.
- Getting Quality Deals
The renowned entrepreneur says that low-priced commodities have general low qualities. He says that buying expensive commodities is the most reasonable act because they are often long lasting. He declares that young people should instead try to negotiate for discounts without reducing the cost value of commodities. It is better to save money if possible. One has to understand the distinction between good deals and low prices.
- Paying For College Education
Brad Reifler states that young people should try to pay for their college fees. He also says that they should try to avoid the top-of-the-line private universities that charge higher tuition costs. He says that most employees seek for services of the still-training professionals. Reifler ultimately says that people need to emphasize and share these financial principles. Understanding saving, credit, budgets, and other conceptions will assist everyone to build a secure and stable economic opportunity.