Brad Reifler is a successful American entrepreneur. He is the CEO of Forefront Capital Management, which he founded in May 2009. Before being appointed to the position, he was the chairman and CEO of Pali Capital, a company he founded in 1995. He founded the Reifler Trading Corporation in 1982 and sold it to Refco in 2000. In his entire career, he has held and still holds executive positions in quite a number of high-profile companies. BradReifler.com describes him as keen on mentoring young people who look up to him as he shares business tips and advice on general life issues on his Twitter profile and through other avenues.
Important Lessons on Finance
Brad Reifler has learned many important lessons about finance throughout his career and in his life in general.One of these is the importance of budgeting for better management of your finances. Reifler wrote on the Huffington Post that he believes that it is always crucial to have the future in mind as you spend so as to avoid running into debt. Budgeting helps you plan your resources and helps you avoid having unmet needs because of poor planning or spending money on unnecessary things. It is also important to know what deductions are made from your earnings. Many young people are not aware of the statutory deductions made from their earnings—and even if they are paid less than they earn. You should be keen to find out where your money goes.
Having a savings plan is important. No matter how insignificant you think the amount you are contributing is, it will make a huge difference in future as it earns interest over the deposit period. The importance of good credit cannot be overemphasized, especially if you plan on taking out a loan such as a mortgage. Therefore, you should work on maintaining a good credit rating. Learn to recognize the difference between a low price and a good deal. You can get quality goods and services at low prices if you shop around and bargain for a good deal. However, be careful not to sacrifice quality for a low price. If you have to pay your way through college, choose an affordable school and steer clear of expensive private universities. With these tips, Reifler believes you will have an easier time managing your finances and getting by with whatever little you have. Get some more inspiration from what Brad has done in his past, including his charitable ventures for American veterans.