22/09/2024
Very well said โ
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HOW WILL A FRESH GRAD BUILD HER WEALTH?
This isn't exciting. People might disagree. I swear, this is boring af.
You won't hear me say real estate or crypto or whatever exciting thing...
If you want to build your wealth, start with:
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Emergency funds
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Life insurance
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Medical insurance
There's only ONE reason:
No matter how hard you work, no matter how much money you make, no matter how skilled you become...
If something unexpected happens, mawawala lahat ng pera mo kung wala ka netong tatlo.
Tapos san ka kukuha?
Magbebenta ka ng lupa.
Magliliquidate ka ng stocks.
Or the most common one - uutang ka.
The earlier you start with them, the better. Mas mura + mas marami kang oras to grow it.
I know, I know... so boring right?
Here's my tip: they're not meant to be exciting.
The purpose of these three is NOT to grow your money. It's to PROTECT whatever you make.
Without them para kang pumasok sa gera nang naka brip lang. ๐
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Get more of NFG's thoughts in Patatas Fam by NFG. โค๏ธ
๐ Side note: if I can go back to tell my younger self which insurance to get, hindi ko kukunin yung may kasamang investment. Sa ibang vehicle ko na kukunin yung growth, protection muna.