Quote:
Originally posted by Mananetwork
Are these things you've actually work for or were they handed down to you?
I don't see this being a possiblity unless you start your own buisness right out of highschool and some big company bought you out. Please explain your success then
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I've built up some equity over the years in highschool mostly consisting of financial investments. Then as time progressed, I found an interest in financial management which triggered me to get my licenses so I can get first-hand experience of everything. Now with my financial management experience, it allowed me to generate more income to pay for the things I want (e.g. car, home). When I say pay, it means I use strategies in order to pay things off over periods of time.. not a huge lump sum to pay it off (In my opinion, that is lost opportunity cost of your money). I also do financial management for families providing understanding and solutions using insurance and investment vehicles.. which results in more income.
For my schooling, luckily my parents were well-educated with money, they started a RESP plan early on. Now, I am enjoying the results of that. As well, the amount is large enough to cover all costs and quite a bit left over for future ventures.