Top 5 Best Financial Decisions by Jinnie Mathurin

Find below Top 5 best financial decisions to take in life – by Jinnie Mathurin

  1. Start Investing Early
Top 5 Best Financial Decisions | Start Investing Early
 
Building an investment portfolio can help you to realize your long-term financial goals; a nest egg for your retirement, repaying a mortgage early or paying for university fees for your children. While a savings account can offer easy access and security of guaranteed capital, returns can be modest; therefore investing in the stock market can provide stronger returns over the long-term albeit at a higher level of risk.
2. Buy a House
Top 5 Best Financial Decisions | Buy a House
3. Buy an Insurance
Top 5 Best Financial Decisions | Buy an Insurance
In current times of high medical inflation rates, failing to hold an adequate amount of health insurance cover can prove to be a major personal finance disaster.

4. Marry the Right Partner

Top 5 Best Financial Decisions | Marry the Right Partner

However, marriage offers real financial benefits for many older people. Just saying “I do” should enable you to keep potentially hundreds of thousands of pounds from the taxman’s clutches.
5. Live Modestly
Top 5 Best Financial Decisions | Live Modestly
As media has shown us, the rich don’t necessarily live happier than the poor. I like to think of it like this. “Someone who’s rich might not live happily, but someone who’s poor definitely won’t live happily.” Hence, it is wise to live an in between, modest lifestyle; neither as an ascetic nor a materialistic person. Besides the obvious monetary benefits of living modestly (saving money), there are numerous psychological benefits.

Author: Jinnie Mathurin

Jinnie Mathurin is a VP of Operations at Konnect24 – a telecommunication company based out of Cheyenne, WY - US.

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