Four Reasons why You Need to Invest Now | EfPrime Financials

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There are four important reasons why you need to start investing right now. Here are four reasons: 

  1. For your Financial Goals; 
  2. For your Retirement; 
  3. To supplement your direct income; and 
  4. To enhance/maintain your self-discipline in saving/investing money. 



For your Financial Goals


Your goals may be short term, middle term, or long term. Your financial goals may include buying a new car, buying a new house, and a lot, new gadgets, or whatever your purpose may be. 

To achieve your goals, you must choose the best investment platform that will yield the best possible return for your investment. Failure to do that will result in the incurrence of losses that will take a long period of time to recover. 


For your Retirement


You will not be working forever. The pension that you might be expecting will not be sufficient to pay for your needs by the time that you are a senior citizen. 

Your possible pension may come from GSIS or SSS. The latter will be for workers in the private sector and the former is for the public sector employees. 

Retirement is also the stage where critical illnesses start to show. When that time comes, I hope you are already prepared for the possible expenses, if any (knock on wood). 


To supplement your direct income


The income that you earn from your investment will supplement your direct income from your employment. Remember, rat race by Robert Kiyosaki? without saving and investing, you might fall victim to the usual situations of working people who are working for money until eternity.

By having other sources of income actually means that you are empowering yourself against life's issues that might come your way. 

 

To enhance/maintain your self-discipline in saving/investing money. 


Just keep on doing it and you will be better as an investor while minimizing all the issues that endanger human existence i.e. critical illnesses and money stress in the later part of human life. 




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Disclaimer


The Author is advising readers to consult with your respective Financial Advisors before venturing in any investments. Investing your money is dependent to your goals and your risk tolerance. You should know the risks and rewards of investing before you actually do the same. The illustrations above are for educational purposes only and any risks or losses that you may incur are imputable to your respective decisions.


The author does not in any way provide a guaranty as to the effectiveness and quality of the products and services that are featured in this blog.  The products and services were advertised based on personal experience and product and service reviews that the product/service received. 


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Source: Philam Life 

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