A CEO who manages a $1 billion firm teaches her teen daughter 3 core lessons about investing5/14/2019 Moms are chock full of advice, but when Renee Kwok talks to her daughter about money, her words may very well carry twice the weight. Kwok is a certified financial planner and the CEO of TFC Financial, a $1 billion financial planning and asset management firm based in Boston.
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" data-e2e-name="embed-container" data-media-container="embed"> She tells her daughter to "work hard and save most of your money. The three-bucket philosophy endures today: spend a little, donate some — and save most." But, Kwok says, it's what you do with your savings that matters most. 1. Put your savings in a high-interest account "You can't collect interest or grow your stacks of cash if they are sitting in an envelope in your desk drawer," Kwok tells her daughter. A high-yield savings account or money-market account is often the best place to keep savings so it grows, but remains easily accessible. While you won't wreck your financial life by not storing savings in a high-interest account, your money will almost certainly lose value thanks to inflation. via Investment News, Investment Strategies, Investment Opportunities - Feed http://www.quantitativeinvestmentgroup.com/a-ceo-who-manages-a-1-billion-firm-teaches-her-teen-daughter-3-core-lessons-about-investing/
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