The thirties is the ultimate adulting age: you've been promoted to supervisor or manager, or you've started a business that's up and running, and you might have even started a family. These are the years to firm up your financial foundation for the future. All it takes is good money management.
"Start building your personal wealth – your 30s is the best time to make medium and long-term investments."
3 secrets to building your personal wealth
It is also essential to get health insurance if you don't have this as an employee benefit, to cover those unplanned expenses when you or your loved ones get sick. If you have children, decide how you will provide for their education - you may get an educational plan, or save on your own using other forms of investment.
Your investor profile will enable you to identify the right investment for you. If you are conservative, bonds may be a good choice. If you are comfortable with the idea of taking on some risks with the hope of earning more, then stocks may be more suited for you.
As expenses have grown at this stage in your life, you may find yourself able to put in only a small amount for long-term investment. Don't worry; a slow start is better than not starting at all. The important thing is you set aside something now. You can increase your investment in the next few years.
For any concerns, you may call us at (632) 995-9999 or send us a message through www.citibank.com.ph.
Citibank, N.A. Philippine Branch is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 708-7087.