In the financial world, there are certain ‘big dogs’ that inspire and drive the rest of us to greater financial heights. These wealth mentors are people who have started from the bottom and through hard work and smart money management have risen to the top. Who wouldn’t want to learn a thing or two from them? If you don’t yet have a wealth mentor or you are simply looking for some new faces to inspire you, look no further. We have chosen a select three wealth mentors from prominent financial figures for you to study and learn from.
Mirriam MacWilliams broke into a primarily male-dominated industry and made huge waves in the stock market. In the short span of two years, she turned an initial investment of $10k into a substantial $2 million. If you have begun dabbling in the stock market or you’re looking for fresh new strategies to help your investments, look no further. MacWilliams accredits her success to strict money management, approachable trading plan, and the knowledge of when is the best time to buy and trade stocks. Currently, she coaches would-be investors worldwide on turning their initial investments into big gains.
Perhaps one of the best-known financial figures of our day and age, Warren Buffett is the CEO and chairman of Berkshire Hathaway. He started buying stocks when he was only 11 and went on to gain a net worth of $81.1 billion. Through smart investments and intelligent purchases, his company has acquired more than 60 companies including Geico, Duracell, and Dairy Queen. Although he is one of the wealthiest people alive, Buffett spends a good amount of his wealth giving back to the needy: he helped launch ‘The Giving Pledge’, a cause where billionaires donate half of their wealth to charity. If you are looking for someone to teach you how to trade ruthlessly but give with an open heart, Buffett is the ideal candidate.
David Siegel acquired the majority of his wealth through careful investment in hedge funds. He eventually became the founder (and current president/CEO) of Westgate Resorts. He accredits most of his wealth to timeshares, which allowed him to put in small initial investments that bloomed into big rewards through proper advertisement and marketing. If you are looking for someone that essentially created an industry and found wealth where others had overlooked, Siegel is the man for you. Additionally, Siegel was one of the many Americans affected by the economic downfall of 2008, but he has overcome those struggles and managed to regain and maintain his former wealth.
Are you feeling inspired yet? By following these wealth mentors, you are sure to learn something about smart investments and money management that will help you grow your own wealth to new heights. These are certainly not the only wealth mentors out there, but we believe these three are great figures to study. If you really want to make a change in your financial future, following one of these wealth mentors can lead to big changes. There’s a reason they’ve been so successful; now, you just have to follow in their footsteps.