Financial Freedom 2025- Five Things to do !
Davis Ongiro, CPA-D
Acting Chief Executive Officer |Pensions Expert | Insurance Guru | Financial Products Expert| Business Development| Marketing| Thought Leader | Strategic Thinker | Challenger of Status Quo |
In 2025, let's shift the conversation around finances with these key strategies:
1. Prioritize saving for a Pension Scheme, regardless of whether your employer contributes. Boosting your Retirement Income Replacement Ratio (IRR) demands dedicated effort.
2. Build an emergency fund for unforeseen expenses. Consider investing in an MMF Fund for potentially higher returns compared to traditional savings accounts.
3. Remember, you can't rescue everyone from their financial challenges. It's essential to set boundaries and learn to say NO when necessary.
4. Safeguard your family's well-being by securing comprehensive health insurance coverage. Extend this protection to your parents if they are still with you. Adequate medical insurance can prevent financial strain during unexpected health crises.
5. Approach your work, be it employment or entrepreneurship, with unwavering dedication. Strive for excellence in all your endeavors, treating your tasks as if you are serving a higher purpose. By committing wholeheartedly, you pave the way for significant growth and financial prosperity.
Let's embrace these financial insights to pave the way for a more secure and prosperous future in 2025.
Happy New Year friends