Thursday, September 29, 2016

SIXTH CURE TO A LEAN PURSE: INSURE A FUTURE INCOME

 
“Provide in advance for the needs of thy growing age and the protection of thy family.”
 
                The life of every man proceeds from childhood to his old age. This is the path of life and no man may deviate from it unless God call him prematurely to the world beyond. Therefore, a man have to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them.
 
                As early as we can we should start to save and invest for our retirement fund.
 
                Being an OFW, I know that this season is only temporary. I am not getting any younger and there is tough competition in the market considering the young and new emerging talents not only for our fellow Filipinos but other nationalities as well. So I have to take all the opportunity I have to build my retirement fund.
 
                I continuously give my SSS Contribution every month as part of my retirement. I also invest on the stock market for my long term goal (small amounts as of this moment). I started to get serious in having a savings/emergency fund. I am also contemplating on getting insurance for my protection and my family. I also plan in investing in a business both virtual and physical business but I’m still praying for it.
 
Although we don’t know until when we are living here on earth, it is better to plan our retirement as early as now, so that we can live a quality life. We don’t also want to be a burden in our family as we aged right.
 
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