The 6 Key Areas Of Long-term Financial Stability


Your investments are always prone to "threats" and "risk".

These risks and threats could be due to unpleasant events, changes in market trends, world politics, government policies, socio-economic dynamics, new industry trends, or even technological advancements.
This is why you need to create some sort of balance in your financial life, and the way to guarantee this stability in your finance is through diversification - dividing your financial resources (money) into several segments like slices of pizza.
You should not be putting all your eggs in one basket in a world filled with various risks, especially if you are a breadwinner.
So what is the solution?
The solution is to frequently allocate a certain percentage (or a fixed amount) of your monthly/yearly income into the 6 KEY AREAS OF LONG-TERM FINANCIAL STABILITY, which include your:
- Bank account balance
- Personal/life savings
- Equity investments
- Property/Life Insurance
- Emergency funds, and
- Business investments
Remember, Benjamin Franklin once said "If you fail to plan, you are planning to fail"
Be proactive, live ready.
Reach out to me for a financial plan today
👍🏻

Comments

Popular posts from this blog

WINNING PEOPLE OVER

EFFECTIVE FOLLOW UP

ENHANCING CREATIVITY