Radion Aminov works as the CFO of the investment firm the World Funding Company. He has experience managing personal finances, making stock deals, and managing investments on behalf of companies. Aminov believes that most people in the United States are making mistakes when handling their finances. He has tried to correct them on an individual basis, and he sees the most common mistakes all too often even as the CFO of a rising investment firm. Aminov has these three financial tips that too many individuals and families in the US overlook:
Plan for taxes early. Radion Aminov has seen many clients that have to make regular payments to the IRS for their small businesses or their self-employment wait until the last minute to pay them, leaving them in the lurch for too long before and after the payment due date. Make your Estimated Tax Payments on time and save for them long before you have to write a check or pay online.
Use your savings account. Many people like the idea of saving money but they don’t know how to do it properly. By at least putting money aside in another account, according to Radion Aminov, you can see what you have and how much you need to meet your needs.
Not paying for help. When your personal finances reach a certain point, it actually makes more sense to pay for a fancy accountant or financial advisor. Don’t be afraid of the fees you’re paying these professionals because in most cases, they are actually helping you save money.
Radion Aminov lives in Manhattan with his wife and two daughters.