So many of Del Mar's residents - and elsewhere of course - are very nervous about taking their hard-earned stockpiled cash and investing it in some form of asset, be it stocks and bonds, real estate or other, more tangible assets. This is especially true of women, who tend to be far more conservative in their approach to managing money. While it canfeel like you own more wealth when you look at your bank statements and see six figures smiling back at you, you are missing out on the potentially huge returns offered by investments that appreciate greatly in value with time and aren't affected by inflation.

 

 

The bottom line is that your wealth has the potential to grow far faster and more effectively if a portion of it is strategically invested in assets, such as stocks and bonds. The risk need not be huge and the returns in the long-term eclipse any meager interest offered by a standard savings account.

 

 

The great news is anyone can invest. You don't need to have a post-graduate degree in economics and finance to take your own wealth and invest it wisely. And it doesn't matter what job sector you currently work in or how old you are: if you want greater wealth and financial security, investing is a fantastic way forward.

 

 

In this article and the next, we'll explore what many of Del Mar's investment advisors suggest you need in order to get started:

 

 

# 1: Educate Yourself

 

The world of finance and all the terms employed by those with a tertiary education in it can seem incredibly intimidating. In reality, a sound conceptual understanding of finance, wealth management and investing is not only easy to attain, it can also be an indispensible asset. The good news is you really need not look far for a good education either, regardless of whether you live in Del Mar or elsewhere.

 

 

The Internet is a treasure trove of financial websites, educational resources and blogs that can provide Del Mar residents with a fantastic introduction to the world of investment. There are also YouTube tutorials and podcasts, while bookstores (both brick-and-mortar and online) are bursting with books and audiobooks on business management, investing and playing the stock markets. Start reading, start researching and if you ever have any questions, don't hesitate to pick up the phone or email your LPL financial advisor! Even if you don't have one, most successful wealth managers are more than happy to share their experience with you.

 

 

Get Started Right Now!

 

If you want to put your financial education to the test, or get it started, then research the difference between the following important concepts:

 

 

• The difference between good expenses and bad expenses.
• The difference between good debt and bad debt
• Tax payments versus tax incentives.
• The difference between good losses and bad losses.
• How to build a business and how to fix it.
• The difference between corporations you own versus those you work for.
• How to take a business public.
• The pros and cons of mutual funds, stocks, bonds, insurance products, real estate.
• The legal structures involved in each of the afore-mentioned.

 

 

Stay Tuned for Part 2

 

To find out how – through experience and excess cash – Del Mar residents can get involved in investing and benefit from the greater growth of their wealth, stay tuned for the second installment of this two-part article series.

 

 

Around Kendell:

Kendell Lang is an experienced social media marketing consultant and avid digital marketing speaker who lives in San Diego, California. He also writes articles on investment advice in Del Mar & many other financial topics.