Things worth having do not come easy. This is the reason it takes more than uttering a wish to achieve something big like financial independence. You have to lay down your cards, take risks, and know how to play it well to get your desired results. But before you go any further, it's important that you have the confidence that you'll be able to do it.
True indeed, many have been able to get out of the rat race and built passive sources of income for themselves simply by doing the conscious effort to be financially independent.
Below are some reasons why you should pursue financial independence and not just wish for it:
Financial freedom is better than job security. While having a stable and good paying job helps a person meet ends and have a decent living in the present, this isn't an assurance that that person will be able to maintain that kind of lifestyle in the future. It's crucial to set aside a portion of the salary for saving and investment because it's a good counter action when emergencies happen.
Financial independence means you're no longer trapped in the self-defeating pursuit that is rat race. Too often people caught in the rat race find working unrewarding especially if it's challenges are taking its toll on them. But they should try hard, even harder, if they want to break from this cycle. Discipline is really necessary in fulfilling this goal as it will help you become a better buyer, a wise money borrower, and a clever investor.
Financial independence permits you to do the work that suits your skills and passion. How many times have you postponed doing something you really love because you do not have time and money to pursue it? If your current resources wouldn't allow you to do what you love, create a goal and diligently work on it to achieve it.
Financial independence means you have the capacity to help not only yourself and your family but also other people.
In Singapore the government has implemented different investment methods to help not only its citizens but also foreign workers become financially stable. cpf investment, for example, was founded to help its people get retirement benefits. And it has been amended so that members can use their investment in housing loans, or education loans, and in covering medical expenses. Seeking the service of a financial planning Singapore company or an insurance planning Singapore company will also be a good move to help you decide which kind of insurance or investment scheme is right for you.
True indeed, many have been able to get out of the rat race and built passive sources of income for themselves simply by doing the conscious effort to be financially independent.
Below are some reasons why you should pursue financial independence and not just wish for it:
Financial freedom is better than job security. While having a stable and good paying job helps a person meet ends and have a decent living in the present, this isn't an assurance that that person will be able to maintain that kind of lifestyle in the future. It's crucial to set aside a portion of the salary for saving and investment because it's a good counter action when emergencies happen.
Financial independence means you're no longer trapped in the self-defeating pursuit that is rat race. Too often people caught in the rat race find working unrewarding especially if it's challenges are taking its toll on them. But they should try hard, even harder, if they want to break from this cycle. Discipline is really necessary in fulfilling this goal as it will help you become a better buyer, a wise money borrower, and a clever investor.
Financial independence permits you to do the work that suits your skills and passion. How many times have you postponed doing something you really love because you do not have time and money to pursue it? If your current resources wouldn't allow you to do what you love, create a goal and diligently work on it to achieve it.
Financial independence means you have the capacity to help not only yourself and your family but also other people.
In Singapore the government has implemented different investment methods to help not only its citizens but also foreign workers become financially stable. cpf investment, for example, was founded to help its people get retirement benefits. And it has been amended so that members can use their investment in housing loans, or education loans, and in covering medical expenses. Seeking the service of a financial planning Singapore company or an insurance planning Singapore company will also be a good move to help you decide which kind of insurance or investment scheme is right for you.
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