Thinking of how far 2021 has come and worried you’ve not accomplished a successful year yet?
Here is a list of 5 things to get invested in that will help improve your year.
Because we care about your journey
- Build Your Reserve:
With the uncertainties that came with last year, it is wise to have some go-to cash reserve that you can quickly assess in the case of an emergency. So this is a reminder for you to transfer that urgent 2k to that your emergency fund. And if you don’t have one yet, this is a wake-up call for you.
- Diversify Your Portfolio:
Yes, stocks are still the way to go and some companies have been rolling out dividends the last few months. But for a healthier portfolio, it is better to spread risks, so invest in Mutual funds, invest in ETFs, invest in REITs
- Create Passive Income:
Passive income will help you build your wealth and improve cash flow. It is a quick way for you to achieve financial stability. Developing a way to earn a passive income could come in the form of running a side business.
- Accelerate Your Retirement Savings: A good way to invest in your retirement is to save in tax-deferred accounts. This will reduce the amount of taxes you owe on the income for each year you invest in it. The compounding effect will give you a more comfortable retirement.
- Invest in Personal Development: Make 2021 the year you begin investing in yourself. Investing in yourself is all-encompassing: invest in career advancement, invest in knowledge, invest in your health.
This will have a major positive impact on your life and it will increase your earning power.
Lastly, it is important to take your journey one step at a time. Remember to celebrate your wins no matter how small they may be.