As a professional sales trainer with more than 25 years of experience, Grant Cardone and his company work with small business owners and Fortune 500 companies from around the world to help increase their annual revenue. Unlike the majority of personal finance experts, including Dave Ramsey and Chris Hogan, Cardone teaches his followers not to worry about spending a lot of money or getting into debt. In fact, he once said, ‘‘Your problem is never debt or [over] spending.’’ He believes that people should focus their time and energy on making more money instead of struggling to make ends meet with what little they currently have. According to Cardone, there is no limit on a person’s earning potential; however, at the end of the day, one can only reduce their living expenses by so much. This is why he tells people that the only way to thrive and not merely survive in this new economy is to get out of the middle class and become a high-income earner.
The CFA program is an extremely well-regarded curriculum, and the CIPM program "is the investment industry's only designation dedicated to investment performance analysis and presentation." If articles with titles like "Evaluating Portfolio Performance" by V. Bailey, Thomas M. Richards, and David E. Tierney, and "Investment Performance Measurement: Evaluating and Presenting Results," Philip Lawton and Todd Jankowski, eds. (Wiley 2009) capture your interest, the CFA institute has a reading list that you are sure to like.
When you’re working with a financial professional, it’s key to find out if he or she follows the fiduciary standard. A fiduciary has different obligations than someone bound only by the suitability rule. Fiduciaries must always act in their clients’ best interest – and if they don’t, you have legal options to pursue. Ultimately, when it comes to choosing someone to manage your money, you should find someone you can trust.
If you make it this far, you are clearly serious about your endeavor. Now it's time to make your quest a daily habit. Subscribing to the The Wall Street Journal will give you a daily overview of the issues impacting global business operations. The WSJ also has a great "Money and Investing" section. Barron's is another fine publication read by many professionals in the financial services industry. There are many other top-quality publications dedicated to various aspects of the financial services world. Find one that matches your interests and read it.
The most commonly held professional designation is the certified financial planner (CFP®), which is owned and issued by the Certified Financial Planner Board of Standards, Inc., a nonprofit certifying and standards-setting organization that administers the CFP exam. Certified financial planner is a formal credential of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement. The designation is awarded to individuals who successfully complete the CFP® Board’s initial exams, then engage in ongoing annual education programs to maintain their skills and certification.