Thursday, October 29, 2009

WEALTH Education

"Hope is not a strategy!" Planning and due diligence are key to financial success.

Definition: dil⋅i⋅gence

1. constant and earnest effort to accomplish what is undertaken; persistent exertion of body or mind.
2. Law. the degree of care and caution required by the circumstances of a person.
3. Obsolete. care; caution.

diligence in a sentence
The best strategy in life is diligence.

due diligence definition - finance
The amount of reasonable investigation that must be made by a prudent person to determine whether an investment or business arrangement makes sense and to determine whether it is likely that the information he or she has contains omissions or misstatements. Due diligence involves looking through public documents related to a company and talking with people in the industry who have knowledge of the company’s performance.

To sum up, due diligence is doing a thorough investigation of all avenues and all possibilities, in order that you may be then be equipped with sufficient knowledge to make an educated decision on whether a financial matter you are considering is viable, profitable or beneficial for you to undertake.

Education is key to EVERYTHING!

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