An insurance company, AXA Mansard has urged Nigerians to kick off the year making wise financial decisions in order to achieve set goals in 2020 and start the journey towards financial independence.
Speaking at a briefing held yesterday in Lagos, Chief Operating Officer at AXA Mansard Investments Limited, Mr Alex Edafe, explained that the immediacy attaches to the decisive steps would enhance the attainment of the year’s financial goals.
The Chief identified paying attention to one’s health, building an emergency fund, taking insurance risks as strategies for achieving such a feat.
“It is important to start taking decisive steps now to foster the achievement of 2020 financial goals.
“Financial goals differ for everyone and could be short-term (0 – 1 year) such as investing towards the next house rent, school fees, travels, wedding, automobile among other. Medium-term (1 – 5 years) goals will not be limited to investing towards buying a property (land/house/shop), advance/continuing education, starting a business/equity ownership in business(es), future school fees whereas long-term (after 5 years) goals include philanthropy, retirement savings, financial independence among others.
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“Key strategies that can be applied for financial success in the new year include paying attention to one’s health, building an emergency fund whilst improving financial literacy, taking insurance on risks you are unwilling to take, getting an extra source of income, automating one’s savings and investments, getting out of debt, creating and living within budget, proper recordkeeping of savings and investments” The Chief said.
Alex Advised financial independence seekers to leverage on the company’s Mutual Fund for the preservation of capital and a competitive return.
He explained that the package is benefit loaded for its affordability and internet friendliness.
‘financial independence can be achieved by focus and intentionality. As we go into the year, a great way to achieve financial independence is to invest in the AXA Mansard Money Market Mutual Fund which provides Unit Holders with capital preservation and a competitive return.
“The fund is liquid, hence a unitholder can liquidate within 24hrs, affordable when you consider the minimum investment amount of N1,000, accessible through various online and offline channels and professionally managed by AXA Mansard – a Fund Manager registered by the Securities & Exchange Commission” Edafe said.