It is a common perception that human beings confide in people only closest to them, mostly the loved ones. However when this assumption was put to test through surveys and polls, the results were somewhat surprising but not for everyone.
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
Albert Einstein
We completely agree with the Albert Einstein.
Investopedia defines the word Fiduciary as, “A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profit.”
There is a lot to learn from this simple definition of a fiduciary from which we all can benefit.
Submitted by Your Personal CFO - Bourbon Financial Management on April 17th, 2015
