Students Acquire The Thinking of Financially Succeeded People

Thursday, 18 October 2012 10:15

“Small investments today lead to large revenues tomorrow”. That was the advice of Alexander Nikolov, representative of the Carol Holding Company, former alumnus of the university and lecturer of the meeting which was organized by the Inter-University Center for Career Development.

Nikolov defined that the topic How to Improve Your Standard of Life without Sacrificing Your Time was provoked by the company clients who had often asked what would happen when they stopped working. During the meeting were examined the tendencies in the standard of life in Bulgaria and developing countries. The Gross Domestic Product per capita of the population in Bulgaria is hardly 7200 $, eight times smaller than the developed countries as USA and Germany and two times smaller than the states as Poland. 

Alexander Nilolov

It was also shown the method for measurement of the life standard when people getting older. In Bulgaria the life standard improves after graduation and it declines when people are getting older. In developing countries it is harder when people are young but their life is more stable when they are old.

In both places the main problem is the pension system because of the demographic collapse. Nikolov reminded that Bulgaria is among the five countries with the largest number of people advanced in age. Another reason for the poverty of the older working people is the insufficient and untimely investment. In Bulgaria people use hardly 4% of their income for savings and planning. According to another survey 57% of Bulgarians don`t think about their financial future. It was not forgotten also the inflation and it was pointed out the best way to be overcome – the investment in real estate property.

The students audience

Why does the standard of live improve in developing countries when people are getting older? Nikolov revealed that people abroad permanently invest in shares. Which are the five principles for successful investment of savings? The lecturer brought them to the audience: to invest early, to save 5-10% of the running income, to invest part of the money in shares, to use long term approach of investment and to make appropriate apportionment of investments.   

“If you don`t want to be poor students acquire the thinking of financially succeeded people”, appealed Nikolov and revealed some special features of Carol Holding Company. Some of the funds the company serves are focused in Eastern Europe and there is even a global fund with flexible investment. Since October 2012 Carol Holding is a representative of one the largest companies in the world – the British company Schroders. 

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