How can you secure your family's financial future?
Securing family wealth has become a primary objective.
2020 was a year that forced us to think about how uncertain the future can be and how unprepared we are for unexpected events, especially regarding our economic future.
- DAY November 5, 2021
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Have you ever wondered what would happen with your family If tomorrow an unforeseen event would come up that would prevent you from being with them? We know this is not a very pleasant thought, but if you have children, this is definitely a constant worry.
If the security of your family is most important to you then you've come to the right place. Here are some options that will help you to protect the economic future of your familyeven when you can no longer be with them.
How to secure your family's financial future?
There are many alternatives and tools that will give financial certainty to your business. family's economic future a little more securesuch as:
Insurance
Insurance is an excellent tool to financially protect the future of your business. family.
Benefits:
- Protect your family financially in case you are absent.
- In most cases, the amount granted to the beneficiaries is free of taxes and fiscal matters.
- Possibility of modifying the policy and coverage to your tastes and needs.
Life insurance
This is a financial option that in the event of your death (or your partner's death), your family will receive a large sum of money, which can be used to pay for food, housing and health care.
Currently there are many companies that offer different options, but when choosing an insurance, you should consider some variables, such as:
- Your financial ability to purchase insurance.
- That the amount of money that will be granted will provide real protection to your family.
- It should also contemplate aspects such as: your children's education and some method of saving for retirement.
- Life insurance is a very effective alternative to ensure your family's happiness, but it should not be the only way to protect your loved ones.
Accident insurance
It is a more economical option than life insurance, since it provides the insured with a capital sum for temporary or permanent disability or death caused by an accident.
This is another tool that can bring out your family However, it is worthwhile to combine this alternative with some life insurance because the amounts granted may be small.
Emergency funds
This tool can be used as a "financial safety cushion" in case of a medical emergency, accident or temporary loss of income. However, you should be aware that the emergency fund is not life insurance, so you should find another way to provide more complete financial certainty for your family's future. family.
How to ensure your children's education?
Nothing can ensure your child's future better than a good academic and professional preparation.
To maintain your child's education, no matter what the future holds, you can turn to some tools, such as:
Education Savings Plan
This financial alternative allows you to make small periodic contributions over the long term to save a certain amount of money for your child's college education.
You should not forget that a savings plan should be combined with some form of insurance.
Benefits:
- It generates interest over time.
- There are flexible savings plans, where you choose the amount to contribute and the period of time.
What to invest in to secure your financial future?
An estate is one of the best options to protect your company's future. familyThe home is a safe place for your children to live: it gives them the certainty that even if you are not with them, they will always have a house or their own land in case an emergency arises.
Investments
It is possible to invest in things that generate profitability, solidity and financial security in the medium and long term. As with savings plans, there are now multiple investment options.
Benefits:
- There are a wide variety of real estate options in which you can invest, of different prices and characteristics, from residential lots, apartments, city residences or near the beach to industrial land, among others.
- In times of crisis, real estate investments protect the value of your investment, because with inflation in most savings options, money loses value. Even in crisis the value of the property increases, protecting your money.
- In the medium to long term and depending on its use, a property can generate income on a regular and constant basis.
To protect the future of your assets and the future of your children, we bring you some options:
Residential lots
Residential or urbanized lots are intended for residential use, i.e., they can be designed to be built in the short or medium term, since they will have services such as electricity, potable water, drainage, electric power, pavement and sidewalks.
By providing many services, these types of lots are ideal for selling or renting in the future, and their advantage is to greatly increase your initial investment because they grow exponentially in a shorter period of time.
Purchase of a house
- There are several benefits of buying a home to increase the family's equity:
- It ensures that our children will always have a roof over their heads.
- Our family will inherit an estate that can be rented or sold, thus securing an amount of money to protect themselves financially.
However, buying a house is an important decision that involves many variables. familywill also have an important impact on family finances.
As you can see, there are many options for protecting the economic future of your familyIt is always worth combining options wisely in order to stay one step ahead of any unexpected events that may arise in the future.
If it is a question of securing the economic future of your familyYou can be sure that there will always be an option for you, but you must carefully analyze your objectives, goals and needs in order to make an intelligent decision and know which one is the right one to increase and ensure the best results for your business. economic future of your family.
At iBrokers, we have real estate developments that can ensure the economic future of your familyas they are built in the best areas of Yucatan and Quintana Roowith a rising capital gain and a juicy return on investment of 13% in the medium to long term. Learn more about our projects here.
Worrying about the economic future of your family merits a smart investment.
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