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Sparks Corporation Singapore Management Services on Becoming More Savvy in Personal Finance Finance Articles | March 2 Wholesale Jerseys China , 2017

With the year 2017’s entry, we find ourselves pondering upon what we attained in 2016 and, more importantly, what we need to do in 2017 in preparation for the years ahead of us.



Breaking it down into its simplest ideas, our efforts must be toward achieving three essential things: Becoming healthier Wholesale Jerseys , wiser and wealthier. The steps needed to build our wealth are as follows:


Separate insurance from investment


Majority of people often put off planning their tax and investment requirements until the last few weeks of the financial year. And usually, they try to simplify their difficult problems by getting insurance. They may end up saving on their taxes; however, they can benefit more from wiser investing. Besides, the common endowment insurance policy provides minimal income and will provide the highest potential for creating enduring wealth. Moreover, the death benefits you get from insurance are not sufficient to address long-term financial needs of your dependents. The better solution is to separate your investment needs from your insurance.


Engage in monthly Investing


You need not equate Investing with getting insurance. Financial experts generally believe that the most effective way to create long-term wealth is through investing in equity Wholesale Nike NFL Jerseys , mutual funds, gold, real estate and small savings accounts, such as PPF and Sukanya Samriddhi Scheme. It does not matter how big or small the amount