Things worth having do not come easy. This is the reason it takes more than uttering a wish to attain 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 is important that you have the confidence that you'll make it.
It's important that you believe it is feasible and you have confidence in yourself because these traits will help fuel your drive to do the conscious effort to be financially independent.
The following are some reasons why financial independence is something you should pursue and not only wish for:
Financial freedom is far more important than having a secure job. Yes, having a financially-rewarding job will help you pay your bills and live comfortably in the present. But this wouldn't be an assurance that you will be able to have this kind of lifestyle in the future especially if you won't set aside a portion of your salary and use it for savings and investment.
Financial independence means you are no longer trapped in the rat race. Anyone who is just starting to work experience going through the endless cycle of working, receiving their salary, and spending most of it to their monthly bills and debts. It's only that those who were able to rise above it do something like trying hard to get out of debt, improving their skills to get a good-paying job, spending wisely, and most importantly saving and investing.
Financial independence allows you to do the job you love to do. In fact, you will never consider your job a work if it is something that you love doing.
Financial freedom means you have every chance to help others.
In Singapore the government has implemented different investment schemes to help not only its citizens but also foreign workers become financially stable. cpf investment, for example, was created to help its people have a source of income when they retire. And it has been amended so that CPF members can use their contributions in housing loans, or education loans, and in covering medical expenses. Seeking the service of a financial planning Singapore firm or an insurance planning Singapore firm will also be a good move to help you choose which kind of insurance or investment method is right for you.
It's important that you believe it is feasible and you have confidence in yourself because these traits will help fuel your drive to do the conscious effort to be financially independent.
The following are some reasons why financial independence is something you should pursue and not only wish for:
Financial freedom is far more important than having a secure job. Yes, having a financially-rewarding job will help you pay your bills and live comfortably in the present. But this wouldn't be an assurance that you will be able to have this kind of lifestyle in the future especially if you won't set aside a portion of your salary and use it for savings and investment.
Financial independence means you are no longer trapped in the rat race. Anyone who is just starting to work experience going through the endless cycle of working, receiving their salary, and spending most of it to their monthly bills and debts. It's only that those who were able to rise above it do something like trying hard to get out of debt, improving their skills to get a good-paying job, spending wisely, and most importantly saving and investing.
Financial independence allows you to do the job you love to do. In fact, you will never consider your job a work if it is something that you love doing.
Financial freedom means you have every chance to help others.
In Singapore the government has implemented different investment schemes to help not only its citizens but also foreign workers become financially stable. cpf investment, for example, was created to help its people have a source of income when they retire. And it has been amended so that CPF members can use their contributions in housing loans, or education loans, and in covering medical expenses. Seeking the service of a financial planning Singapore firm or an insurance planning Singapore firm will also be a good move to help you choose which kind of insurance or investment method is right for you.
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