Financial freedom
This applies not only to women but to everyone in general. We should aim to achieve financial freedom at some point in our lives. As a child, there was no such thing. If we wanted to buy a toy, all we have to do is ask and sometimes, when we are good, we get it. Our toys were smaller and affordable then. Life was so much simpler. We would even be contended with playing dress-up in hand-me-downs.
As life progressed and we got older, our “toys” become more and more expensive and not as easily obtainable as before. We can’t just stick our hands out to say “I want” and be assured that we’d get it. Sometimes, we may have to take long term loans to finance the purchase. Now, that is when things starts to get complicated. Juggling just one (loan) is manageable but imagine, juggling more than that? Loans are not confined to housing or car loans but credit card loans as well. Or taking credit from a furniture shop constitutes a loan as well.
Too many loans and this is precisely the reason why people often default on their loans. During my days of working in the legal industry, I’ve seized assets, sealed properties for clients. Its not something I enjoyed doing but I’ve got a job to do. I would often advise these defaulters to seek foreclosure help. You know, you would think that people or adults have proper financial management skills but let me tell you that the majority don’t and often run into all sorts of financial problems.
So, don’t be a burden to yourself and your dependents. Equipped yourself with as much information as possible on financial management. Ask your friends. Look for investment consultants to help you plan your investments. Do what is right. Aim for financial freedom and lift that burden. Even if you don’t feel the need to but your dependents will be grateful.
