Michael T. Haas – Simple Steps to Financial Security

Michael T. Haas, a Senior Partner in Direct Invest USA Holdings, LLC., is an investment professional with years of experience. He has also built valuable financial security for himself and his loved ones through intelligent planning, which is in addition to the large sums of money that he has donated to causes he believes in.

Michael T Haas

If the financial security of someone like Michael T. Haas feels out of reach to you, it’s likely because you don’t have a plan. If used correctly, the following simple steps will help almost anyone as a basic financial security plan:

Save – Saving your money is one of the best things that you can do for your finances. Having a decent-sized savings can help you avoid debt, or it can be a fun goal for when you pay off existing debt. Make goals for your savings, like going on a vacation, to motivate you to put more into it. If you have a hard time saving, set up an automatic monthly transfer so that you don’t have to think about it.

Expect the Worst – Apart from your savings, you should have an emergency fund and basic insurance. Your emergency fund should contain enough to cover three months of living expenses.

Plan Your Retirement – Invest in a Roth IRA, a 401(k) or both. These accounts let you prepare to retire, and they’re vital because no one can work forever.

Remember that professionals like Michael T. Haas rarely reach the top without years of effort, many struggles and several revised plans. Financial security isn’t an overnight achievement, but if you keep trying, you can make it an assured one.


Michael T. Haas – Beginner Investment Wisdom

Michael T. Haas is a financial and real estate professional with years of investment experience and success. Though the seasoned pros often make investing look easy and fun, beginners shouldn’t jump into the field without making sure that they’re well-educated.

Those with the experience of someone like Michael T. Haas will often impart wisdom such as the points outlined below to all new investors:

  • Don’t Put All of Your Eggs in One Basket – Diversification is among the most important investment rules, and it can be remembered with the classic adage of “don’t put all of your eggs in one basket.” Your investment funds should be spread across different types of investments for the security. A complete stock and bond portfolio with global diversification is best.
  • Fees are Part of the Deal – Investing is rarely free. Investment professionals charge fees, as do investment platforms and other options like mutual funds or exchange-traded funds (ETFs). Know your fees before you invest and remember, if it sounds too good to be true, it probably is.
  • Taxes are Still Relevant – Taxes will likely have a big impact on your investments. When you cash out, you’ll have to pay capital-gain taxes, and various factors will affect how much you owe. For example, long-term investing is cheaper than short-term investing, and you can contribute to a 401(k) plan tax-free (until you withdraw your funds, that is).

If possible, look around your area for a seasoned professional similar to Michael T. Haas and request mentorship aid. Often, these businesspeople will happily help you begin your investing career through mentoring.