What’s In This Email

• A financial planner shares four tips he gives his clients

• Shark Tank’s Lori Greiner's savvy retail deals made her millions

• Super relatable: Habits of billionaires

• Notable spotlight: Cirque du Soleil, KOOZA

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This Financial Planner Gives Clients 4 Tips to Make Their Money Last a Lifetime

Financial planning is an art that balances the present and the future, ensuring not just a safety net but also a trampoline to bounce higher in terms of financial growth. A certified financial planner, Eric Roberge sheds light on how self-made professionals can build and enjoy wealth throughout their lives. He emphasizes a long-term vision that accommodates the inevitable changes in life, the importance of earning more, the limitations of frugality, and the necessity of a well-thought-out investment strategy.

Key Takeaways

• Planning for Change:

  • Goals for retirement planning will evolve.

  • Save more than anticipated and direct excess cash flow to investments.

  • Avoid unrealistic assumptions about future income and expenses.

  • Opt for decisions that allow low-cost reversibility, being cautious about fixed commitments like buying a house.

• Earning More:

  • Shift from a "retire as soon as possible" mindset to a balanced approach, enjoying life experiences now.

  • Growing income through business expansion or other means is essential to fast-track wealth accumulation.

• Limitations of Frugality:

  • Living frugally is an inefficient path to wealth as it misses opportunities to create assets that increase in value over time.

  • Saving and investing are crucial, but cutting costs has its limits.

• Investment Strategy:

  • Develop a sound investment strategy considering the proper asset allocation, investment expenses, leveraging diversification, and understanding tax implications.

  • Avoid common mistakes like speculating, market timing, and taking too much risk.

  • Emphasize long-term time horizons, risk-adjusted strategies, and globally diversified portfolios for better financial outcomes.

‘Shark Tank’ Star Lori Greiner’s 5 Most Successful Retail Deals That Made Her a Millionaire

Lori Greiner, known for her keen eye for innovative products on the hit TV show "Shark Tank," has built a fortune by strategically investing in retail deals. Her journey from spotting potential winners to nurturing them into million-dollar enterprises showcases a blend of instinct, strategy, and an unyielding drive for success. Here are some of the key takeaways from her most successful retail deals.

Key Takeaways

• Scrub Daddy:

  • Invested $200,000 for a 20% stake.

  • The product is now sold in over 30,000 retail stores across 17 countries.

• Squatty Potty:

  • Initially invested $300,000 for a 10% share and an additional $600,000 for another 10% stake.

  • Generated $222 million in retail sales in seven years.

• PhoneSoap:

  • Invested $300,000 for a 10% stake.

  • Amassed $150 million in retail sales post "Shark Tank" appearance.

• Bantam Bagels/Bagels Stuffins:

  • Invested $275,000 for a 25% share.

  • The company sold for $34 million in 2018.

• Qball:

  • Along with two other "Shark Tank" moguls, they invested $300,000 for a 30% stake.

  • Sold $3.9 million in retail sales within two years of "Shark Tank" appearance.

Lori Greiner's methodical approach to her deals is a testament to her success. She sets particular criteria for the deals she'll consider, mainly focusing on low-cost products with mass-market appeal. This meticulous strategy, coupled with her ability to act swiftly, has built her a fortune and left aspiring entrepreneurs with a blueprint for retail success. (Yahoo)

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Notable Life is Canada's hub for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 46,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.