Remove dependence factor in your life

The human mind loves to have comforts and luxuries. Such desires make one happy but they should not combine with ignoring attitude towards savings. Garridan Baldomino advises building a platform of financial freedom. You have to set your goal for your savings moves otherwise it would be hard to keep some cash aside for your future needs.

Avoiding debt is in our hands

Just imagine that you want to leave a financial legacy for your children and avoid debt. It would encourage you to limit your desires over luxury possession and go for an insurance plan that ensures a good sum assured

A detailed consultation helps you to choose the right option

Going for fixed deposits and accumulating money in your saving accounts is not bad but it does not help you in fighting day-to-day inflation. It makes no sense to go for any plan without a clear-cut consultation on its pros and cons. For example, you have done estate planning that offers you an edge for medical support during an hour of emergency then going for a Medicaid plan separately is a wastage of your hard-money.

Removal of financial fear is good for our health

You must have heard from your elders that a routine keeps you discipline and here is an enhancement to that evergreen principle. Savings make you disciplined and you are ready to do a certain amount of sacrifice. We all know that our life has to face zigzag situations without any knock so arranging for those zigzags today can keep us relaxed. Living life without any fear put a good effect on our health. Isn’t it?

Running your life on debit is a good habit

There could be a tangible goal in your mind like going on a holiday trip for 6 months and you don’t want to use your credit card for that wish. Your fixed deposits and interest earned on your money-back insurance plans fulfills your wish as well as protect your budget to get hit.

Like, the pandemic last year proved to be a boon for those who have financial savings with them. They took this situation as an opportunity to strengthen personal relations. Discretionary expenses are part of our life. Let’s welcome that move with our pre-planning saving initiates. It has nothing to do with your lifestyle.

Make your life flexible

You are giving flexibility and choice to your life. You are going above the struck situation because you are carrying a paycheck in your hands. If you want to have the same lifestyle that you are having now, fix reasons to avoid situations of financial emergencies. Putting a shield of business insurance on your production unit provides you claim amount in case of any unfortunate emergency.

The possibilities are endless. You may want to go for a new car, second home, and higher education for your child from a branded college. These desires need financial support to get accomplished. Garridan Baldomino recommends plans that remove the dependence factor in your elderly age. Of course, money in your liquid savings account helps you to fight unexpected expenses and emergencies. On the contrary, your life insurance helps your spouse in living their life comfortably in case of any fatal accident to your life.

Hi my name is Garridan Baldomino. I'm a Retirement Advisor. My passion is to help those that can afford a work optional lifestyle, through the Squared Formula.