We all have dreams and we are always striving to make these dreams turn into reality. All through our life we have to pass through various events like childs education, childs marriage, purchase of house, planning for a vacation, retirement etc. No matter whatever our financial positions, we all try to make sure that our financial goals are met.
Below are some of the points we need to consider
- If money is lying in your savings account, it gives us a minimal return
- Inflation decreases our purchasing power every year.
- Our financial goals change very often
- Our tax structure is different from other countries
- Our medical costs are rising
- Expenses towards our childrens education is rising every year
With all the problems mentioned above, we need to make investments so that we build assets and create wealth to achieve those goals.