4 WAYS TO CREATE FINANCIAL SECURITY
Fritzie Pedregosa Lepiten RN, MAN, ACHS, MDRT,GAMA
Senior UNIT MANAGER at AXA Philippines who nurtures individuals who seek to achieve their full potentials, live their purpose and grow beyond their limits. EDUCATOR. WEALTH AND HEALTH COACH. MENTOR. MANAGER
Hey guys, I’m trying to create a content to help all of us in Financial Literacy.
I realized that in these times of uncertainties we have to make sure that financial management is achieved. This act will provide us Peace of Mind and Security.
Here are four ways we can begin creating a framework of financial security;
1. HAVE A CLEAR METRIC OF YOUR OPERATIONAL COSTS.
This offers a doorway of how much you need to earn as well as how much you need to prepare for health, savings and investment.
2. PAY YOURSELF.
Don’t mix business and personal accounts. Work your savings and expenses from there.
3. INCREASE YOUR CASHFLOW and BUILD A BUFFER.
Most often it’s not enough to just save. Increasing cashflow provides leverage. While increasing cashflow always build a buffer. A buffer will help us prepare for the uncertainties.
4. MINIMIZE YOUR RISK.
Secure yourself and your family by protecting your HEALTH, INCOME, WEALTH and INVESTMENTS.
If we can do these four then we can thrive in these times of uncertainties. Set a goal, create a plan then ACT.