For entrepreneurs, making profits is more than just a matter of accumulating wealth –it is also a matter of managing said wealth.

Having a good understanding of wealth management can either make or break one’s financial situation. While there are experts that can help us entrepreneurs in this matter, it is always great for us to have a basic understanding of how it works.

Meet Dimitry Farberov, a Certified Financial Planner and Chartered Financial Analyst at Miracle Mile Advisors LLC, who helps successful entrepreneurs make long-term plans for developing and diversifying their financial portfolios.

In this episode of the We Live To Build podcast series, we will listen to his advice on how entrepreneurs can start managing their wealth in a better, more advantageous way.

We will start with understanding the difference between CFP, CFA, and CPA; the pros and cons of working with wealth managers; the difference between asset and liability; what it means to diversify your portfolio; and even the psychological impact of having a massive amount of money at a short time.

Also Read: Peter Thiel’s Valar Ventures leads Singapore wealthtech startup Syfe’s US$30M Series B round

If you don’t see the player above, click on the link below to listen directly!


This article about managing wealth for entrepreneurs was first published on We Live To Build.

Image Credit: kantver

The post Managing your wealth as entrepreneurs with Dimitry Farberov appeared first on e27.

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