Financial ability!
It's not a typo error. Financial ability is the need in today's world.
Pandemic has taught us a lot. People are out of jobs for no specific reason. The family needs don't take a break. The savings will not last forever.
We were always advised to buy a house that will earn you rent after retirement. Invest in VPPF, Blue chip shares, insurance, pension funds and all these are suppose to take care of you after retirement. But the question not asked was what if I need the money to live today?
People who lost their jobs have to pay the EMIs and premiums now. They need the money now.
I now you can sell the house and surrender the policies to get out of the situation today. But then should you not invest?
Financial ability is the answer. Generate different source of income with your business and salary. Gone are those days when salary hikes would fulfill your dreams. There are different means of income available in current digital world. It does not required your full time and can generate recurring income. Examples can be YouTube channel, online tutorial, affiliate marketing, blogging and many more. Just explore ur talent.
It's high time we learn our lesson from the pandemic. As they say, lessons are repeated unless they are properly learnt
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