Change is the only constant when it comes to the value of a currency or financial transactions. In most cases, this depends on variables which are beyond your control. What is in your control, however, is your ability to make a proper assessment of your financial needs and plan accordingly. For starters, you must know your risk tolerance. Secondly, understand your investment objective – Are you looking for mere stability, growth or a combination of both? Thirdly, are you aware of the overall economic stability in the country in terms of inflation?
In today’s world of high salaries and even higher burnout rates, it is not uncommon to find people quitting a formal corporate job by the time they are 40 or 45. That is losing out on a potential 15 to 20 years of regular, reliable income. Is this everyone’s cup of tea? May be, or… Read More »