The year 2020 is a challenging year for most Filipinos. As we enter 2021, here are some tips that can help you build your wealth and investments back on track.
1.Start with targeting your short-term loans.
Your short-term loans mostly have
the biggest interest rate compares to your long-term loans. Taking them immediately not only immediately take-out liabilities, but it also releases cash flow
2. Rebalance your cash flow
Most of us got hit with the 2020 crisis. Some still are not adjusted with the current situation. It best you are realistic and check your cash flow to make proper adjustments. Remember, the main objective is to have a positive cash flow.
3. Start to deposit your long investment
After doing some rebalancing of your cash flow, you can now deposit some cash to your investment funds. This allows you to counter inflation and prepare for your other financial goals.
4. Reward yourself after doing a good job
After doing all the tough task of controlling yourself and cleaning up your portfolio, don’t forget to reward yourself for doing a good job.
Still having difficult time or you don’t have time? Schedule a consultation with our Certified wealth manager how you can reach your financial goals faster.
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