02/12/2021
Building a solid Financial Foundation is just like building a house. You build it from the ground up.
π First, you must have a proper Healthcare coverage in the event of a serious health problem or sickness. Both of these can greatly affect or upset a person's financial stability, especially during old age. Statistics show that 90% of personal bankruptcies are due to unexpected and unforeseen illnesses.
π Second, you must have a proper protection in the event of your premature death. In this happens, then you have instant money to pay off any responsibilities and liabilities left behind.
π Third, manage and pay off your bad debts.
π Fourth, set aside 3 to 6 months of your income go deal with sudden changes in the job or business. This is also to pay for unforeseen accidents or repair.
π Fifth, save and make long-term investments.
You should consider your healthcare and protection as priority. π―
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ctto Philippine Savers and Investors Guide