Some of you may know that I work for myself and I did wonder if I should contribute to EPF (Employees' Provident Fund). I read that for a person who is self-employed, we can contribute as little as MYR50 per month. This sum may not be large but it could act like a retirement fund.
I sought the advice of a good friend who is a risk manager with a financial institution and he told me that if he thinks that I would be able to get good returns from keeping my money with the EFP then go ahead. However, he says that he could yield a better profit than the EPF. Well, what he said made me think of what I should do to invest my money. The EFP is a safe bet but it is slow, AND LOW.
Just now I was recommended this website, Source Independent Financial Advisors, which dispenses independent financial advice. The site is pretty comprehensive with financial information which is directed at residents of the United Kingdom but when it comes to personal finances and financial management, the information could be applied to people from all countries as well.
As someone who works for herself, I have to be very prudent in financial matters and disciplined. I need to make it a habit to keep a certain percentage of my monthly earnings as savings and a certain percentage as capital for investment to make the money work for me instead of the other way around. So far, I have only tried investing in stocks which I have luckily found a little success.
I, of course, continue to look for ways to create income sources and channel some money into various investment portfolios. What about you? Are you taking any steps to secure your future financially?
I sought the advice of a good friend who is a risk manager with a financial institution and he told me that if he thinks that I would be able to get good returns from keeping my money with the EFP then go ahead. However, he says that he could yield a better profit than the EPF. Well, what he said made me think of what I should do to invest my money. The EFP is a safe bet but it is slow, AND LOW.
Just now I was recommended this website, Source Independent Financial Advisors, which dispenses independent financial advice. The site is pretty comprehensive with financial information which is directed at residents of the United Kingdom but when it comes to personal finances and financial management, the information could be applied to people from all countries as well.
As someone who works for herself, I have to be very prudent in financial matters and disciplined. I need to make it a habit to keep a certain percentage of my monthly earnings as savings and a certain percentage as capital for investment to make the money work for me instead of the other way around. So far, I have only tried investing in stocks which I have luckily found a little success.
I, of course, continue to look for ways to create income sources and channel some money into various investment portfolios. What about you? Are you taking any steps to secure your future financially?
0 comments:
Post a Comment