Dudu Cearense – It’s Your Responsibility to Take Care of Your Money and Wealth

<p><strong>BIO:</strong> Dudu Cearense is an ex-soccer player, financial adviser, and private banker.</p><p><strong>STORY:</strong> Dudu’s worst investment ever was not learning about managing his money when he was a successful soccer player.</p><p><strong>LEARNING:</strong> Invest in learning about money management.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“Learn how to take care of your money.”</strong></blockquote><blockquote class="ql-align-center">Dudu Cearense</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/dudu-cearense/" rel="noopener noreferrer" target="_blank"><strong>Dudu Cearense</strong></a> is an ex-soccer player, financial adviser, and private banker.</p><h2>Worst investment ever</h2><p>Dudu was a young athlete making good money, just like many professional athletes, but he didn’t know anything about managing this money. He didn’t know about saving on taxes, he didn’t clearly understand the terms of his contract, and most importantly, he didn’t know how to invest his money.</p><p>Therefore, Dudu relied on other people for investment advice. A friend came along and told him that real estate was the best way to invest his money. Since he didn’t know much about investing, Dudu believed his friend, so he only built a real estate portfolio.</p><h2>Lessons learned</h2><ul><li>You need to know everything about your investments before you invest.</li><li>Read and understand contracts before you sign them.</li><li>Invest in learning about money management.</li></ul><br/><h2>Andrew’s takeaways</h2><ul><li>You cannot expect other people to take care of your finances. You’ve got to learn how to do it yourself.</li><li>Be responsible for your financial life.</li><li>Only go into investing if you know what you’re doing.</li></ul><br/><h2>Actionable advice</h2><p>You need to know what to do with your money from the moment you start making it.</p><h2>No.1 goal for the next 12 months</h2><p>Dudu’s number one goal for the next 12 months is to start a podcast