On this episode of the Early Accountability podcast, our guest is Maurice Wilson of Wilson Wealth (http://wilsonwealth.com/), which specializes in investment management and a little bit of financial planning. During his education, Maurice’s goal was to learn something that other people didn’t know, which led him down the path of engineering. He started working at Daimler-Chrysler after college and realized that investment management was really where he wanted to be, so he started taking steps to get there.
To the individual looking to invest, Maurice recommends starting with contributing the maximum percentage that their employer will match into their retirement and then putting in the maximum amount allowed into their Roth IRA as well. If the individual still has funds they want to invest – such as a tax refund – the stock market is the best place for long-term returns. If you find yourself living paycheck to paycheck without the ability to save or invest at all, Maurice’s advice is to find a creative way to increase your income to make it happen.
Maurice’s advice to entrepreneurs is to make sure upfront that they have sufficient resources to cover living expenses independently from the business, so that all business profits can be invested back into the business for growth and improvements. Realize that it will take more than a few months to really get started, so securing the capital or angel investor needed should be a top priority.
Topics Covered in This Episode:
-Tips for personal investments
-Advice to entrepreneurs or aspiring entrepreneurs
-It is never too late to start investing
-Are investments more practical than building up savings
To the individual looking to invest, Maurice recommends starting with contributing the maximum percentage that their employer will match into their retirement and then putting in the maximum amount allowed into their Roth IRA as well. If the individual still has funds they want to invest – such as a tax refund – the stock market is the best place for long-term returns. If you find yourself living paycheck to paycheck without the ability to save or invest at all, Maurice’s advice is to find a creative way to increase your income to make it happen.
Maurice’s advice to entrepreneurs is to make sure upfront that they have sufficient resources to cover living expenses independently from the business, so that all business profits can be invested back into the business for growth and improvements. Realize that it will take more than a few months to really get started, so securing the capital or angel investor needed should be a top priority.
Topics Covered in This Episode:
-Tips for personal investments
-Advice to entrepreneurs or aspiring entrepreneurs
-It is never too late to start investing
-Are investments more practical than building up savings
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