When it comes to financial independence, everyone has their own ideas about what that means, and the pursuit of it takes each person down a unique path. And, while the journey to turn your dreams into achievements may come with challenges, being able to live the life you desire is an accomplishment that gives a sense of self-empowerment and peace of mind.
The path to financial independence is best walked with having the right tools and guidance to enable you to reach your goals faster and easier. Here are three ways that you can leverage support to achieve financial independence: Get
One of the best sources of assistance on the path to financial independence is expert advice. Utilise the services of professionals, such as a financial advisor who
can help you to make sound financial decisions. Some, like the advisors at VM Group, are just an email or phone call away, while others might make their guidance available through articles or video blogs. These experts can help you gain a new perspective on your current situation by developing a plan tailored to your goals and circumstances.
You can also tap into your networks for encouragement and accountability. A solid support system can include friends, family, and other trusted individuals. By sharing your goals with them, , they can offer support and help to keep you focused on your financial goals.
You can also leverage support by outsourcing skills that are not your strengths. If you are not savvy with managing your money, benefit from the
expertise of a financial advisor to devise a plan for you. Or, if you don't have the time or know-how to find the perfect property, engage a real estate agent to do the heavy lifting. Delegating some non-financial tasks can also be a great way to create more time for you to focus on your goals. If a task is important, and can be done by someone else, chances are you’re better off delegating.
In achieving financial independence, it is important to remember that you don't have to do it alone. There are many people who can help along the way. Be specific about what you need help with, be open to feedback, and be grateful.
Expressing gratitude shows that you appreciate the support you get as well as encourages your supporters to keep up the good work. Before you know it, your unique vision of the life you want will become the life you’re living.
If your company or workplace has a retirement scheme with VM Pensions Management, then you may understand the power of Voluntary Contributions. What’s this power we speak of? It's the benefits you will receive when you make voluntary contributions, along with the mandatory contributions paid from your monthly salary. Your voluntary contribution is the portion you pay after the basic and employer contributions (usually 5% each) are deducted. Therefore, you can voluntarily contribute up to 10% more on your mandatory contributions, which could see you making an overall contribution of up to 20%. Voluntary contributions create more revenue for your retirement fund, which provides you with the opportunity to maintain your financial independence during retirement.
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Flexible Payments: The voluntary portion of your contribution is refundable upon termination from the plan without having to forfeit the employer’s contributions made on your behalf.
Flexible Pension Plan: You can start, increase, decrease, or stop making your voluntary contribution payments as required, if your personal circumstances change.
Selling, purchasing, or renting property can be a very tedious process. Whether you’re looking for the perfect space for your growing family or one to manage your business, there are many factors to take into consideration to ensure that you find the property that best suits your needs and circumstances. Working with a realtor from VM Property Services gives you access to comprehensive listings and experts in the real estate market. VMPS is ready to give you the guidance and support that you need to achieve your real estate goals.
Tax Exemptions: Making voluntary contributions helps to reduce personal income taxes paid, as voluntary contributions are also deducted before income taxes are calculated and withdrawn.
Create a future of lifetime freedom! Increase your voluntary contributions for more longterm benefits or start making your voluntary contributions today. Click here for more details
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