I simply want to leave my children less worry and financially free. My childhood was not as extravagant as other kids might have. I live less, the food I am eating, the toys I am playing is not what I wanted. I am the kind of kid that is jealous of what I am seeing from others. What-if my kids and my grandkids have to experience the same fate. I am worried about what kind of life they’ll going to live after me.
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Me and my Lola Toneng
[col class=”span6″]I am worried when I saw how hard for us children to send our father to the hospital when he was so sick. From Paying his hospital bills and monthly medications was really painful. What-if I live long and I become sick. My children would need to shoulder my expenses maybe my medical expenses in my golden age. What if my children have kids that they need to support? I don’t what to die as a burden to my kids and grandkids. I don’t want my family to suffer between choosing who to take care.[/col]
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I am worried that nobody would take care of me and pay my bills, what if nobody take charge amongst the children. We can’t say. I wanted to be financially free and release my mind and my heart from worry about the what –ifs of life. This is leading me to take advantage of the Philippine booming economy early this year. Getting into investing and live comfortably in the future is my goal. Planning is the key to successful retirement.
Have a goal. It is key to know the extent you need to live comfortably throughout your resplendent years. Having a set objective will eventually line up the extent you need to secure yearly till that day of retirement.
The sooner, the better. I started investing in my of 30. It is suggested to begin an arrangement when you can. It is never too late to the point of no return. Regardless of the fact that you have ten years or less work retirement, you can begin recovering. You might need to work a bit harder to catch up, however having something put aside is better than not having anything at all.
Keep track of your progress. Review your investment portfolio yearly. They say that if an investment is performing better than expected, you might want to consider a less aggressive strategy to lower the risk. I have invested mine in stocks and equity so maybe in time that I my portfolio is getting more than I will get the other half and invest it in bonds. Readjusting and setting new goals.
Stay invested. Numerous retirement plans are dependent upon the share trading system or stock market. It is exceptionally challenging to watch the business sector climb and fall. Don’t give into the temptation of moving your investment around. Ride it out for a spell. Stocks usually are recognized a lifelong venture. The ups and downs ordinarily normal out and give an enduring degree of profitability when you invest long term.
Work with a professional. Planning for your retirement and future is really challenging and if you are the kind of person who can’t watch and understand the market trends. It is advisable to seek for professional manager to manage your assets. Here enters the mutual fund manager as for me. I seek for FAMI to manage my asset and I pay 2% in every top up.
Reference:
“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life – Suze Orman. “
That is undoubtedly the outlook you need in terms of anticipating your retirement. Unfortunately for numerous individuals, retirement planning causes edginess, particularly when confronted with various financial uncertainties and lacks of determination.
Like any beginners that wants to invest in the stock market and mutual funds I have my own set of worries,concerns and what-ifs. I started dreaming of a bright future for my retirement and the kind of life I want to leave when I am gone.
