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Financial Independence And The Importance Why You Should Pursue It

By Anne Andrews


Many have said it before that anything that is worth having doesn't come easy. You have to work for it and try hard, if you must, to get your desired result. This also applies in getting yourself financially independent. Achieving this status doesn't happen overnight. But to believe that it is attainable is enough a good start.

In fact, many have been able to escape the rat race and established a number of alternative sources of income simply by doing the conscious effort to be financially secure.

If you need more convincing, the following are some reasons why you shouldn't just wish for financial independence and start chasing opportunities that will help you reach this status:

Financial independence is far more important than job security. Having a financially-rewarding job will help you pay bills and live a comfortable life in the present. But this won't last if you do not set aside a portion of your salary and invest some of it.

Financial independence means you have risen above the challenges that living in the rat race comes with. Most people get trapped in the rat race, but not all of them are able to get past it. The difference between those who successfully get past it and those who don't is the first do something like seizing opportunities to save, invest, or improve their skills to get the kind of job and the payment they deserve.

Financial independence equates with being able to pursue the job that you are passionate about. There's this old maxim that if you love your job, you'll never get tired doing it. This holds a lot of truth in terms of pursuing your passion and on being able to do it on a daily basis.

Financial freedom means you have every opportunity to help others.

In Singapore the government has implemented different investment schemes to help citizens and expatriates become financially stable. cpf investment, for example, was created to help its people have a source of income when they retire. And it has been amended so that members can use their investment in housing loans, or education loans, and in covering health expenses. Seeking the service of a financial planning Singapore firm or an insurance planning Singapore firm will also be a good move to help you decide which kind of insurance or investment scheme is right for you.




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