In your 40’s, 6 non financial decisions make you stress free in your life

 

In your 40’s, 6 non financial decisions make you stress free in your life

 

 

In our todays blog, I will share 6 habits those you will helpful to make you financial stress free and these are useful for each person directly or indirectly helpful in life.

World is dynamically changing in each second of time And it will be continue will be changing as his behavior.

The individuals who are adaptive to this world environment will stay longer and other will destroy is a rule of world.

We don’t want to forcefully involved in this world economy but certain decisions we mostly required to take.

Lets see in this story.

1.       1. Make a next 10 year financial plan.

The influencer who told you about early retirement is un applicable for each person so focus on what we able to achieve .

we don’t make it wrong but early retirement scheme is based on 50-50 %. There was no guarantee that everyone will be make success in this plan.so lets make a plan of next 10 year finance plan. Be confident on your job or atleast one your skill who will give you next 10 year stable income source which gave your flexibility. We know that every month salary credited is something like drug . we cant escape from it but treat as like positive installment. Find your atleast one skill or create one skill . for example like you use excel in your current job , or marketing skill, speech skill, written skill, finance skill or teaching skill etc. share this skill in free time , create a youtube video or wrote a book or give training to needy person.  Scope of experienced people as guest lectures in many education institutions.

Treat this skill income source as your second income source. This will give you confidence about your survival skill in world.

2.       2. .Purchase a Property –

You will get many suggestions from so called market influencers about purchasing a property and filling his EMI is a act of fool , but its interesting that this people will possess 2-3 properties. As per your capability, purchase a property upto 10 years plan. If you live in your owned property then atleast your dependent will live stress free .many  banks offerearly payout plans so you can decrease your home EMIs as early as possible.

3.       3.Build the relations not only money.

Every person will face a time that he will required to choose money or people in their life. The people who select money will become wealthy in their life but to enjoy this walth, they lost their lovely ones.  So how to build relations over money is much more important in every persons life. With belong to your family members, at least make 4  good friends those will stand with you in any conditions not only look for your property but only to care for you.

4.       4. Save 6 month money from your salary.

Every time keep 6 times your monthly salary as flexible amount in your bank amount. Skip to invest this money.if you face any worst unavoidable situations in your life . this money will help you and make you stress free.

5.      5.  Invest in deposits

If you kept your money in bank only then you get minimum interest. Keep 6 month salary as flexible amount then remaining Invest 20% of saving into any short term deposits or stocks and 5 % monthly income in pension funds.

6.       6.Buy a good health insurance plan.

Buy a health insurance plan for self your family members. If you have insurance cover which will pay you in any good hospital bills.if you face any unexpected situations then health insurance will cover this expences and make you stress free.