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 need to lay down your cards, take risks, and know how to play it well to get the result you want. But before you go any further, it's important that you have the confidence that you'll make it.
True enough, many have been able to get past the seemingly self-defeating pursuit that is rat race and built steady sources of income by doing the conscious effort to be financially independent.
Below are some reasons why you need to pursue financial independence and not just wish for it:
Financial independence is more important than job security. Having a financially-rewarding job will help you pay bills and live the kind of lifestyle you want in the present. But this won't last if you do not keep a portion of your salary and invest some of it.
Financial independence means you have risen above the challenges that living in the rat race entail. Most people get trapped in the rat race, but not all of them are able to get out of it. The difference between those who successfully get past it and those who don't is the first do something like seizing opportunities to save, invest, or improve their skills to get the kind of job and the payment they deserve.
Financial independence allows you to do the job you love to do. In fact, you will never have to work a day in your life if the job you have is something that you love doing.
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 citizens and expatriates become financially stable. cpf investment, for instance, 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 company will also be a good move to help you choose which kind of insurance or investment scheme is right for you.
True enough, many have been able to get past the seemingly self-defeating pursuit that is rat race and built steady sources of income by doing the conscious effort to be financially independent.
Below are some reasons why you need to pursue financial independence and not just wish for it:
Financial independence is more important than job security. Having a financially-rewarding job will help you pay bills and live the kind of lifestyle you want in the present. But this won't last if you do not keep a portion of your salary and invest some of it.
Financial independence means you have risen above the challenges that living in the rat race entail. Most people get trapped in the rat race, but not all of them are able to get out of it. The difference between those who successfully get past it and those who don't is the first do something like seizing opportunities to save, invest, or improve their skills to get the kind of job and the payment they deserve.
Financial independence allows you to do the job you love to do. In fact, you will never have to work a day in your life if the job you have is something that you love doing.
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 citizens and expatriates become financially stable. cpf investment, for instance, 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 company will also be a good move to help you choose which kind of insurance or investment scheme is right for you.
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