Solid Financial Foundation - Makati

Everyone needs to plan for their future. And they have to start as early as possible to maximize the power of time and interest on your money, but that’s another topic.

If your planning for your future, you might as well build your Financial foundation right from the start. A loss of time in building an incorrect financial foundation can affect your investments and have even bigger impact in the long run.

The purpose of this article is to introduce to the public a strong Financial Foundation Structure that even the rich and successful people use. Having a sound financial plan not only gives you security but also empowers you to choose what you want and makes you less needy and dependent.

What you need:

INVESTMENTS - First thing you must look for an investment is a high interest rate that can outpace Philippines’ inflation rate. But for every gain there is Risk, you should also plan for this. It would also be a great choice if an investment have tax advantage. There are many vehicles where you can invest like real estate, business and paper assets. The most popular investments for the public are paper assets such as stocks, bonds, mutual funds etc. but can also be dangerous if you don’t know what you are doing. There are ways on how to minimize risks in paper assets but that’s another topic.

EMERGENCY FUNDS - This fund provides cushion so that your investment won’t vanish every time you’ll have emergencies such as loss of job, business slow down, calamities and other unexpected events. IMG(International Marketing Group) advises that you should set aside an amount equal to at least 3 months of your current salary.
Having an emergency fund also gives you the power to get out of your job if you no longer like it making you less of a needy person.

ELIMINATE DEBTS - Generally, debts have higher interest rates than investments. Therefore, debts will drain your cash more than investments can add to it. Although there are good debts as well as bad debts, it is advised that you eliminate or manage your debts specially if you don’t know how to utilize debts to your favor.

PROTECTION - This is instant money for those unwanted situations like accidents or calamities. Another terms for this is insurance. You don’t want to be involve into an accident but it would be very helpful in case one would ever occur to you.
One accident to any of your family can bring your finances down specially if you don’t have savings yet.
As to the amount of protection you need, there is a computation for each individual’s needs.

HEALTHCARE - Health is wealth. It is highly possible that you or one of your family will get sick and it wouldn’t be a bad idea if you make plans ahead to resolve it. Healthcare is one of the best ways to protect your investments from health problems.

You’re probably thinking that there’s so many things you need to divide your money to but so little income you have. You’re probably right but before you discard this Financial Foundation Structure, look first into your spending habits. The easiest way to increase your income is to control your expenses.

There are many things in your daily life that can be taken out such as softdrinks, junk foods etc. If you can avoid spending your money in unnecessary things, you’ll definitely increase your savings.

Another way of increasing your income is to find another way to earn. Please be reminded that following this financial structure needs hard work. Any legitimate financial gurus will tell you that every successful person put on hard work and discipline in what they do.

NOTE: In any part of the structure even in increasing your income, IMG(Inernational Marketing Group) offers options to strengthen your financial foundation. Contact Noel, an accredited IMG representative, at 09178656635 for FREE, no-obligation, financial seminar.

Link: httpwww.dreamhouseonyourway.com/seminar/solid-financial-foundation/