Three things to consider for a worry-free, financially independent life

FINANCIAL independence during retirement is a goal that many Filipinos aspire to but struggle to achieve. According to Aristides 'Jong' Merida Jr., president and CEO of Insights TM Corp. and chairman of Wealth Management Center for Communications and Research Inc.

FINANCIAL independence during retirement is a goal that many Filipinos aspire to but struggle to achieve. According to Aristides 'Jong' Merida Jr., president and CEO of Insights TM Corp. and chairman of Wealth Management Center for Communications and Research Inc., a lack of awareness and proper methods are key reasons why 99 percent of Filipinos fail to reach this goal.

Merida outlined three key steps to accumulate lasting wealth:Set Financial Goals: Successful financial planning requires setting clear goals. Merida stressed the need to transition from labor income to capital income . 'At some point, we cannot work, but expenses continue. We must accumulate enough to generate capital income,' he advised.Create Positive Cash Flow: Merida emphasized the importance of budgeting to maintain a positive cash flow.

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Things To Consider For Worry-Free Financially Independent Life

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