6 ‘must’ things to have

by 40
1. Property
When you reach 40, society expects you to
be
living on your own and having a family. If
you get
married at around 25, the first thing that
you
should consider before or right after your
wedding is acquiring your own home. If you
availed a home loan, you should be fully
paid or nearing it by today.

1. Property
2. Good Credit Score
2. Good Credit
Score
Your life will be stressful when you are
still paying debt at 40. Considering that
as you age, more responsibilities are
coming your way—wedding bills, birth,
education, emergency fund, and so on.
If you do not pay your debts early on, it
will be harder for you to pay for it as you
go along with your life.
3. Stable Cash Flow
By the time you’re 40, you should not
be in a situation wherein you are
clueless on where to get money for
what. You should have the budget
for everything and it is clear to you
where will you get it. Proper financial
management takes time and discipline
to master, and by this time, you
should have mastered it after years.

3. Stable Cash Flow

4. Investment
Following stable cash flow is your
financial ability to invest. Investing
is great because you let your
money work for you instead of
putting it in your bank, which only
earns little in interest. Stocks,
mutual fund, and bonds are some
investment options available.

4. Investment
5. Insurance
Life is unpredictable. You get sick,
you get hospitalized, and you die.
You do not want to stress yourself
further on collecting money for such
unfortunate incidents. If you are
insured, you can save time and
money while saving you from
unnecessary stress.

5. Insurance
6. Retirement Fund
The misconception about retirement
fund is that you should have it when
you are old. But there is a difference
when you want it that way or you
really need to work as long as you
have the strength to do so. If you
build your retirement fund early, you
will have that freedom to stop when
you want to.

6. Retirement Fund