To live your life in abundance and no difficulties in financial terms, each person needs to know such things as financial independence, financial security and financial protection.All these concepts are linked together quite closely, and one without the other does not exist in principle.So, we explain all of these concepts in order.
Financial protection - a certain stock of money or savings needed for unforeseen circumstances.For example, you are fired, you get sick and can not continue to be in the workplace, or a sudden came the financial crisis.To survive hard times, everyone dzholzhna be a certain amount of money, which he could live without any problems.Usually, this period is from several months to one year.On average - it is half a year.That is to ensure financial protection, you should always set aside money for an emergency.Let's say your monthly expenses amount to 10 000 rubles.To survive, you will need half a year of 60 000 rubles.This is the amount you must be easily accessible to the appropriate moment it could use.
financial security.This concept is a little more extensive and meaningful for everyone.To fully protect yourself financially, you should be the accumulation of such a size that a percentage of this capital gave you 10 000 rubles per month, that is your cost of living.Roughly speaking, to feel the full financial security and not be afraid of the crisis and layoffs in your account must be at least 1 000 000 in the pot, put a 12% deposit.
financial independence and financial freedom - is a state when you can afford to pay for all your dreams and wishes only the interest on your capital.That is, if you decide that you need a posh life of 100 000 rubles per month, for the provision of such income, you need to accumulate capital equal to at least 10 million rubles, placed in the bank at 12% per annum, which will provide you a monthly sum100 thousand.This is called financial freedom.
only after the accumulation of such a condition, you can rightly consider themselves financially independent person who is not afraid of any crisis or job loss.
