Question

How does the ability to manage personal finances make or break one's dream of becoming a successful financial manager?"

Answer 1

Someone said it beautifully that "Charity begins at home".Now inclining our thoughts in the same direction, when it comes to finance, in order to become a successful financial manager, one should start of my managing personal finance.In ordder to do that, a person needs to keep following things in mind:-

1.First and foremost, a person should learn the art of saving.

2.Understand the importance of exponential factor/compounding.

3.Prepare a budget of expenses/Sources of Income & then save accordingly.

3.After making up your mind, you should look for investment options/opportunities ,However,"Don't put all you eggs in the one basket" i.e. diversify your portfolio in order to mitigate the risk concerned.

4.When you get the command of managing personal finance, you won't hesitate in investing someone else's money as well.