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Financial Literacy - Financial tuneup
SPOTLIGHT
Keith Cameron Smith
The middle class settle for comfort, while millionaires focus on freedom.
Investment tuneup

Spotlight: Keith Cameron Smith

Some people reject the idea of wealth, "It's lonely at the top" and so forth. What do you say to them?

A lot of people are still stuck in the comfort mode. They just want to have enough, and they think if they pursue all that money, they'll lose their family; they'll lose their health. That's not me at all. God, family and finances are my priorities. I never wanted to be somebody that went after financial freedom and lost my health or lost my family. I refuse to go down that path. But I've known people that do that. They put money as such a high priority in life that they lose the things that matter most. But if you keep your priorities in order and focus on financial freedom, it's a wonderful world. I love people and I use things. There are some millionaires out there that love things and use people, and that is definitely the wrong formula.

Do you manage your own money?

I did everything on my own, yes. I never went to a professional to handle my money for me. What I've come to find out is, while some of those guys are great, a lot of those guys just put on a front. They're making $50,000 a year and they're trying to tell someone who is making a million dollars a year how to invest their money and they really don't know; they're just doing what they've been told to do. I'm not knocking anyone. if you're going to use one, make sure you find a good one who is doing very well financially themselves.

What do you see yourself doing 10 years from now?

There are some things we do for money that are only good for a certain reason. That's why we have to keep our eyes open for new opportunities. I'm constantly polishing my portfolio and looking at different forms of income. I never got heavily involved in the stock market. I am still dabbling in real estate but nothing real serious right now. I'm still a young entrepreneur. I still have a lot to learn. I haven't mastered all those principles; I'm still living them on a daily basis. When I focus on them, it seems like opportunities come my way and I make some better decisions. It's not just about the money. It's about the learning process.

-- Posted: Oct. 22, 2007
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