mamaravesph's blog: Extravagant Christmas Gift Suggestions For Your Family

http://www.facebook.com/
FinancialFreedomBlueprintPH

As christmas comes near, a lot of us maybe scrambling to the malls to get that very new toy, that shiny new phone or tablet for you, your spouse and your child. I have other suggestions that can make this christmas more special and make you feel extra generous to your family!

1). INSTEAD OF GETTING A NEW DESIGNER BAG OR IPHONE6 FOR YOUR WIFE, GET A LIFE INSURANCE FOR YOU TO PROTECT YOUR FAMILY. Your insurance is a priority you have been setting aside for a long time. It's the best time to get one right now and give the gift of protection your family needs. Your insurance is far better than the new iPhone 6 your wife is salivating to. Make your wife and children be assigned as beneficiaries. The benefit amount is bigger than your iPhone's cost when you leave them. Even the fund value is far better after a few years, even if you're still alive.

2). INSTEAD OF GETTING THEM THE BEST TOY THIS CHRISTMAS, GET THEM A MUTUAL FUND. The amount you are willing to spend for a new toy maybe sufficient enought to get one or add to their 'angpao' or christmas money to open an ITF account. You just need php5,000 to start this investment. (If you want to know how to open a Mutual Fund Account for your kid/s, please go to http://mamaravesph.blogspot.com/2014/11/how-to-open-mutual-fund-account-for.html)

3). INSTEAD OF GETTING THAT NEW WATCH/SHOES/TABLET FOR YOURSELF, GET STARTED ON FUNDING YOUR RETIREMENT. We both know your SSS benfits plus your company benefits won't be enough when you grow old, so start investing for your older self. The money you set aside can start up a Mutual Fund account, a VUL (Variable Life Insurance), UITF and purchase some stocks.

Every Christmas is a time to celebrate, so why not try celebrating Financial Freedom this year? This gift suggestions are better in value and multiplies your money. Rather than getting gifts that loses its appeal, usefulness and monetary value in a year's time, why not get something that continues on 'giving' and gains value every year?

The choice is yours, my friend.

You might also like..