Securing Your Financial Future

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Individuals and organisations need to secure their respective futures by investing their money in plans that will help them prepare for a rainy day.

There is not a single CEO on the planet who can claim to have had a plan to safeguard his organisations interest in the face of adversity. When Covid happened it took everybody by surprise.This was the first time in recent history when people from all facets of society in every part of the world were caught napping!

Now with 18 months of learnings, the leaders of organisations have learned their lessons, namely:

• Have a contingency plan in place
• Have multiple backup options in place
• Keep liquidity for at least 3-6 months
• Have multiple revenue streams
• Keep a workforce that can operate in a hybrid workplace
• Implement the pay-as-you-use model for compensation
• Keep spending in check
• Live within a budget
• Invest wisely in skillset training
• Have employee welfare programs in place
• Provide flexibility in work environment
• Keep a safe and hygienic workplace
• Focus on ROE instead of ROI
• Establish a healthy work-life balance
• Always scout around for financial growth opportunities

Once people understand that we are on shifting sands and change is the only unchanging fact of life, it will force people to be nimble and agile. People have to have multiple plans in place at all times. Plan A that works now may not work in December of 2021.Therefore it is prudent to have Plan B and perhaps Plan C in place at all times.

One has to adapt to changing circumstanceson the go and use technology wherever available.

Online trading has now become a great way of investing and growing one’s earnings. Several platforms have emerged that offer safe and secure investing.People must become financially literate and savvy in growing their investments. The software provides alerts on profitable opportunities and one does not have to spend hours learning how to use the software. There are tutorial videos available for self-use. Most platforms are based on DIY interface that is easy to use and mobile-friendly.

Online trading cuts the middlemen out and facilitates the trader to conduct his trades even without speaking to the brokerage. As a result, one does not lose margins that are paid out to brokers.One of the exceptional features of online trading is that it gives both the traders and the investors great control over their investments. Online trading provides traders with the experience of trading without being influenced by the brokerages while making a decision. One can trade whenever and wherever one wants to.

It is always a good practice to view testimonials of clients who have used the platform to make sure that it is credible and delivers results. In addition, support services are vital for times when you need help. Most trading sites offer professional support whenever markets are open, including technical assistance, market analysis and access to personal sales traders.

Generating an alternate continuous revenue stream is always a good idea. It is never too late to start investing online from the comfort of your home or office. Once you see the returns coming, it becomes a way of life, going forward.

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