BBS - Best Business Solutions

15/11/2021

A hundred years ago, people were gambling at the stock exchange.

But now they are "investing".

At that time, market participants bought stocks, hoping that their price would rise over time.

As it is now.

At that time, market participants were selling stocks, hoping that their price would fall over time.

As it is now.

Then market participants used various tricks to improve the result.

As it is now.

A hundred years ago, there were no ETFs, indices and it took some substantial amount of money to start the game.

It turns out that over a hundred years, the stock market has become more accessible, but the essence of what is happening there has remained the same.

The game continues on the stock market, only now it is disguised as an important and necessary thing to do.

And in the game, as you know, there are winners and losers.

At the same time, today's winners may lose money tomorrow - neither experience nor knowledge can guarantee the preservation of capital.

Everything is decided by His Majesty The Chance.

So what can one do?

Maybe try to place money where the result depends more on the math and not on a chance?

A more detailed answer is on the way.

Stay in touch.

Thanks for your attention and see you soon!
🙂

02/11/2021

How many people dream of financial abundance?

Almost everyone.

And how many have sufficient passive income?

Almost no one.

In terms of financial goals, sufficiency is a smaller goal, thus more likely achievable.

Ironically, most prefer trying to jump into abundance from scratch instead of slowly moving towards sufficiency.

‘Coz jumping is so funny, and slow moving is so boring!

Which choice is yours?

Please share in the comments.

Thanks for your attention and see you soon!
🙂

26/10/2021

Efficient wealth management is based on two things - saving and multiplying savings.

Those who place their money into stocks believe that they do the right thing.

However, this is far from being true.

And here is why:

1️⃣ Stock prices don't go up forever.

2️⃣ Dividends are not guaranteed.

3️⃣ In the long run, every business is doomed to die, regardless of how successful it was before.

Our research reveals that the expected return from buying stocks for a long period of time is less than 10 per cent per annum.

This return definitely isn't worth the energy spent on studying the stock market.

And it eventually turns that buying stocks is neither saving nor multiplying.

Now you know the truth and can make a choice:
to buy stocks
or
to save and multiply your savings.

Thanks for your attention and see you soon!
🙂

23/10/2021

Achieving long-term goals is the top result of financial literacy.

But those who have mastered the previous levels will feel confident at this height, too.

The main long-term goal is to ensure a decent standard of living after a person stops working actively.

Simply put - securing an opportunity to live on interest on the capital created during the active period.

At the age of 40-50, this goal comes to the fore when a person realizes that he cannot work forever.

We call the opportunity to live on passive income financial self-sufficiency.

It takes 15 to 25 years to reach financial self-sufficiency from scratch.

The previous five levels of financial literacy are training and preparation for success in the sixth.

Let's recall them:
1️⃣ the habit of savings;
2️⃣ the habit of multiplying savings;
3️⃣ achieving short-term goals;
4️⃣ increasing active income;
5️⃣ achieving medium-term goals.

❓ Do you think that achieving long-term goals needs training and preparation?

❓ Or maybe there are other factors that we did not take into account?

Please share in the comments.

Thanks for your attention and see you soon!
🤝

21/10/2021

When a new family is created, people face new kinds of financial goals.

These are the family goals.

They are more ambitious and require more resources to achieve them.

Those prepared by previous life to reach their financial targets manage to complete the mission successfully.

And if not?

Then this is a great way to start mastering financial literacy together.

And everything will definitely work your way!
🙂

15/10/2021

14/10/2021

Active income is the value of a person from the point of view of the outside world.

Therefore, young professionals start from positions with minimal wages.

Over time, they gain experience and their active income rises.

The task of increasing active income is a person's challenge to himself, an incentive to develop and improve in his chosen profession or in his own business.

And since one can develop at any age and at any level, there are always opportunities to increase active income.

The reward is the expansion of one's own capabilities, both creative and consumer.

For personal finance, increasing active income means being able to save more.

This means - faster to achieve financial goals and set new, more ambitious ones.

Moreover, these new goals are prompted by life itself.

And it will take more resources and time to achieve them.

It looks like one needs to work constantly and endlessly to increase active income.

Or should we stop at some point?

What do you think?

Please share in the comments.

Thanks for your attention and see you soon!
🙂

12/10/2021

Financial literacy is the way to turn a dream 💭 into reality 👌.

This truth is found at the third level.

Try by saving and increasing your savings, to come to what you have long dreamed of.

Any dream would be fine, like a dream vacation 🏖️ or a dream car 🚙.

A dream bag 👜or a dream fishing rod 🎣 is also good enough, provided they satisfy the condition:
- the goal is achievable within 3️⃣ years and with savings of 🔟% of current income.

Then, in less than three years, the dream will come true, and one will get their very own experience of achieving financial goals.
👍❤️👍❤️👍❤️

Having come to the desired result, some people abandon a small dream and continue to work on a bigger one.

And for some, achieving a relatively modest goal encourages them to move to a new level.

And this is what our following publication is about.

Thanks for your attention and see you soon!
🙂

06/10/2021

What to do with savings? 💰💰💰

We completely agree that our money has to work for us.

But where and how?

The skill of multiplying savings answers these questions.

This skill is about studying the possibilities of financial markets and practical operations for the purchase of securities.

How deep should one dig into the matter?

As deep as they want.

Is it possible not to study at all and get decent results?

Yes, if accepted that:
1️⃣ on the stock market, the yield is above 10% per annum - a rare event;
and
2️⃣ a return of 10% per annum is enough to achieve your financial goals.

In this case, you can limit yourself to choosing among the safest investment instruments and increase your savings with confidence, spending no more than an hour a month, or even a year, on the entire process.

Are you interested in this strategy?

Please share the comments.

Thanks for your attention and see you soon!
🙂

04/10/2021

It all starts with savings.

Hi,
🙂

The first topic in the series about financial literacy, of course, must be savings.

The savings are the starting point for achieving any financial goal.

It is important to note that savings mean not only money one has now.

We are talking about the habit of savings - the skill of putting a piece of the income apart on a regular basis.

It can be called in different ways, for example:
- live within the means;
- spend less than you earn;
- earn more than you spend.

The marrow remains the same:
- one regularly gets money not spent for consumption.

What to do with them?

Our next publication will answer the question.

Stay tuned for the updates.

Thanks for your attention and see you soon!
🙂

28/09/2021

Hi!
🙂

Is the hero of today's picture funny, stupid or smart?

When I look at the picture, I feel he is at least naive.

Because he is trying to lift three bars at a time but has no capacity even for one.

When I listen to the proponents of the , I almost believe he's very smart.

The same thing is usual in personal finance when advisors encourage their clients with little to no knowledge and experience to set up many goals or use complex financial products.

In fact, in finance, just like in sports, results come from the abilities improved by regular exercising.

Mastering financial literacy is a way to evolve the abilities of a self-sufficient person that all of us have.

Progress goes in three dimensions:

- awareness of our own capabilities;

- awareness of the possibilities of financial markets;

- awareness of the possibilities of financial planning.

In our next publications, we will talk about six levels of mastering financial literacy.

Subscribe to our updates to be the first to receive them.

Thanks for your attention and see you soon!
🙂