By June Myrrh Duenas
When is the right time to start planning on building a solid financial foundation? Or is there such a "Right Time"? People often are like that,waiting for the perfect timing, some would even say "im not yet ready...maybe next time" or would simply say " Later..." But there is no right time to start but NOW.
Building a solid financial foundation is something people think not urgent but when financial crisis is pulling and crashing them down they realized how important it was to have started building it right and strong before it was too late. Too much of "could have and should have" attitude and lets start now.
How to build a solid financial foundation:
1. Secure a Longterm Health Care - We work too hard that sometimes we have taken for granted our health, and as we grow older our strength deteriorates and illness comes out. In case of sickness and hospitalization, do we have someone to help us shoulder hospitals bills, medical check-ups and medicines? Health insurance will help us cover some of the expenses atleast to lessen the burden.
2. Protection on Life Insurance - All people have one ending and that is death. Whether we like it or not, we all die and turn into ashes. The question is when? And if we die today, what will you leave to your family? Life Insurance will help you and the family you left.
3. Eliminate Debt - Most people sometimes live beyond their means. They dont control their spending habits and sometimes it leads them to borrow money with interest and live their whole life paying for the interest. People should spend wisely and know what to prioritize. As much as possible buy what you can only afford.
4. Emergency Funds - Anything can happen anytime. We should always have available funds for unexpected situations in the future. We should always save for the rainy days.
5. Investment - Create multiple passive income and learn where and how to properly invest and make your money grow.
Right now is the right time... Be ready and be prepared, unexpected situations happens anytime, just like the thieves in the night. Now you have a decision to make, Be financially free!
To be rich is not a privilege given to a few , but everyone have an equaly oppotunity to become wealthy. But not everyone were given the right financial education. In IMG we know how, let us help you show the right way! visit our website www.img-corp.com
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