George Soros: Breaking all Barriers to Achieve Success

Success is achieved by people who choose not to give up on their vision. If you study the lives of all the billionaires in the world, you will notice one constant factor; determination. No one has shown the impact of determination and tenacity that George Soros.

George Soros is worth $ 25.2 Billion and is currently the 23rd richest individual in the world. How did an immigrant for Hungary achieve success and become wealthy? He was born in Budapest, Hungary, but his desire to achieve success forced him to immigrate to England in 1947. He enrolled at the London School of Economics where he pursued his Bachelor’s degree in Philosophy. He later earned his Master degree in Philosophy.

Career

After completing his college education, George had to settle for a job as a salesperson. He did not let that discourage him as he continued to seek for better positions. Many of his letters to the Merchant Banks went unanswered, but in 1954, he got his big break. He began his financial career when he joined the Singer & Friedlander. George was first employed as a clerk but later became an arbitrage trader.

After working for two years, George received an offer from the F.M. Mayer, and that was when he relocated to New York City. He worked as an arbitrage trader of the Company for three years. During this period, George specialized on the European Stocks. It is the knowledge that he gained that shaped his career. George worked for other different Companies as a consultant and analyst. He also established the Soros Fund which was later renamed to Quantum Fund. Visit projectsyndicate.com to know more about George.

Political involvement

George is not a politician, but he has been involved in politics in the United States and Europe. He is a liberal and a Democrat supporter. In the past, he has contributed a large sum of money to the Democratic Party causes. During the 2016 American Election, He donated $25 million in support of Presidential aspirant, Hilary Clinton and other candidates too.

George has demonstrated his disapproval of President Donald Trump. He has indicated that Trump is in support of the ISIS terrorists. George also said that Trump’s administration would fail considering that his beliefs contradict each other. Read more on BigThink about George Soros.

Philanthropy

To whomever much is given, a lot more is required. It is a philosophy that George has applied in his life. Back in the 1970s, he started providing financial supports for students at the University of Cape Town. George has also donated $500 million to various organizations that are owned by the refugees and migrants especially from Europe.

He has also supported the Open Society Foundation which provides programs to over 60 countries. George annual donations are $654 million.

Follow: https://twitter.com/georgesoros?lang=en

Reducing Risk

Risk is one of the key variables to consider when you are building a financial plan. Over time, there are many people who lose money because they do not take on enough risk in their portfolio. If you put all of your savings into a bank, you are earning very little interest on your money.

This is something that a lot of people do not realize until it is too late. Brian Bonar is someone who encourages a lot of people to invest, no matter what their current financial position is. If you are young, you can afford to take on more risk in your investing. However, if you are close to retirement, you should scale back on your investments. A lot of people are starting to learn the hard way about investing.

Brian Bonar

Brian Bonar runs a financial planning firm out of San Diego. During his time in business, he has helped a wide variety of people with their personal finances. A lot of people do not realize how much he can help them with their finances.

If you are someone who wants to start investing for the future, he is a great person to get advice from. He knows the steps that you need to take in order to have success over the long term. For many people as they get older, it is about changing the allocation in their portfolio. If you are someone who wants to get more creative, investing in gold can be a great hedge against bad economic times.

Gold

One of the oldest asset classes to invest in is gold. If you want to reduce risk in your portfolio, investing in gold is a great way to accomplish that goal. A lot of people simply do not realize how risky it is to have all of your eggs in one basket. If the economy goes down, you will not be able to recover without a hedge in your portfolio. As a general rule, the stock market and gold go in different directions. This means that if there is a crash, you will be able to have some sort of floor that prevents you from having your finances out of order.

Final Thoughts

According to Crunchbase, Overall, Brian Bonar has helped a lot of people with their finances. One of the best ways to accomplish your financial goals is to invest in the right asset classes. A lot of people have the wrong asset allocation within their portfolio, and this causes a lot of issues down the road. Brian Bonar has done a great job of planning out various scenarios for people to work through over time.