Financial Planning: Investing in the New Year from Illustrado
Christmas is a time to celebrate and be with family and friends. It also falls on the last few days of the year when everyone is preparing for the New Year also. As Christians, we use this season to improve our spiritual life as we remember the birth of Jesus Christ. But we could also use this time of the year to plan for the improvement of our financial life. My message for your New Year financial planning is: INVEST NOW!
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Investment Literacy Is Key
For the past years, we have been harping on the central message that to build wealth is an obligation. With the bright economic conditions with us today and even brighter economic prospects in the next three to five years, it is imperative that we focus today on investment literacy. The medium-to-long term future cannot be brighter as we have it today. If you, as income earner, miss the opportunity to participate in our capital markets in the next five years, you will be regretting it for the rest of your life.
If you had decided earlier to secure your financial future, you probably would have put away some savings by now. But as we always say, earning and saving money is a prerequisite, not a guarantee, to achieve financial comfort. It is prudent and correct investing that will ensure your financial independence.
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