We know now that Britain has voted to leave the European Union, and shock waves that hit the markets worldwide. But why does it matter to us whether Britain stays or goes? Certified Financial Planner Kimberly Foss has some answers. One reason: Britain serves as the de facto European financial headquarters for many U.S. firms, especially banks. Recession is another reason is the negative effect the Brexit .
Here are five principles that will help you be a long term wealth accumulator:
- Invest in Your time before investing a dime
- Understand why your're doing it
- Invest money you know you wont need in the next 5-50 years
- Expect some pain
- Think long term