Stages of Wealth Building
26, 2014 /PRNewswire/ — Wealth-X, the world’s leading ultra high net worth (UHNW) intelligence and prospecting firm, today announced its expansion into the Indian subcontinent with the appointment of Sahil Mehta as its head of business visit development for the region. Prior to joining Wealth-X, Mehta worked at Deutsche Bank India on the client management team, focusing on the company’s prime brokerage business, as well as on its global hedge fund consulting team. His responsibilities at Wealth-X include driving sales http://www.prweb.com/releases/the-elevation-group/aspire-magazine-feature/prweb10433128.htm initiatives, building client relationships and promoting the Wealth-X brand in the Indian subcontinent. Mykolas D. Rambus, Wealth-X CEO, commented: “Wealth-X’s business in the Indian subcontinent is set to grow rapidly.In addition to the financial services sector that will continue to use our intelligence, the major consumers of our intelligence are from the luxury, NGO and charity sectors. Wealth-X works closely with organisations and institutions that are prepared to challenge traditional ways of marketing in order to grow their businesses in this ever-competitive landscape.” Jay Jhaveri, Wealth-X’s head of sales for Asia, said: “We are delighted to welcome Sahil Mehta to the Wealth-X team. He brings with him experience in the financial services sector and a deep understanding of the ultra wealthy community, at both the macro and micro levels.” In terms of UHNW population, India ranks third in Asia behind Japan and China in the Wealth-X and UBS World Ultra Wealth Report 2013 with more than 7,800 UHNW individuals, defined as those with at least US$30 million in assets.
billionaires. The market capitalization for Tesla, which delivered about 22,400 electric Model S sedans in 2013, swelled to $30.4 billion — more than half that of General Motors Co. or Ford Motor Co. Musk last week outlined plans for a gigafactory capable of supplying Tesla with lithium-ion batteries at lower cost and greater quantity than any current facility. Tesla is also targeting a 56 percent boost in production of its flagship Model S sedan this year, which begins selling in China next month.
Musk Wealth Soars $1.1 Billion in One Day as Tesla Surges
Those of us in our 30s and early 40s may be hitting our stride with our careers and earning higher incomes. On the other hand, we may also be incurring significant new expenses, too. Things like homeownership , cars, marriage and even children inevitably make a big impact on our finances. Be realistic about your new financial demands, but don’t lose sight of the foundation you need for your next stages of wealth. Invest in your career by expanding your skill set and networking with industry leaders so you can keep abreast of new developments in your field. Also continue to invest in your company’s retirement plan and budget your spending wisely so you can build a savings cushion.
How to build your wealth in simple steps!
Click NEXT to read further. . . Photographs: Uttam Ghosh/Rediff.com Prev Next Keep yourself updated: Another important thing to be remembered is make sure you have the required knowledge in an investment class before investing in it.