SPECIAL PRODUCT REPORT : How to Make 2020 A Financially Benefiting Year For You- By AXA Mansard
The importance of financial planning can in truth not be overemphasis in anyone or any organizations road to financial emancipation
It is the long-term method of wisely managing your finances so you can achieve your goals and dreams, while at the same time negotiating the financial barriers that inevitably arise in every stage of life. In order to create a sound financial plan, goals must first be established.
Data is then gathered to analyze and evaluate your financial status. Once complete, your plan can be developed and implemented. Monitoring the plan on an ongoing basis is essential in order to make necessary adjustments to reach your goals.
And now, if there is one organization doing all her best to help both their clients and non-clients to aim at achieving financial emancipation, that set up is non-other than the one called AXA Mansard, which is a member of AXA, a global leader in insurance and asset management
As is now her new year custom, they have come up with the yearly start of year advice, and this time urging all and sundry to to start the year by making wise financial decisions in order to achieve set goals in 2020 and starting the journey towards financial independence.
In a position paper made available to WORLD LEADERS online magazine, they confirmed that yearly, people all over the country aspired for financial independence by starting out with New Year resolutions and set goals.
However, it added, many were still unable to realize these goals due to various reasons including low financial literacy, low determination, unclear goals and late implementation of financial plans.
Accordingly , it is better to start late than never.
The Chief Operating Officer, AXA Mansard Investments Limited, Mr. Alex Edafe, explained that, “It is important to start taking decisive steps now to foster the achievement of 2020 financial goals.
Financial goals differ for everyone and could be short-term (zero to one year) such as investing towards the next house rent, school fees, travels, wedding, and automobile among others.
“Medium-term (one to five years) goals will not be limited to investing towards buying a property (land/house/shop), advance/continuing education, starting a business/equity ownership in business(is), future school fees whereas long-term (after 5 years) goals include philanthropy, retirement savings, financial independence among others.”
He said key strategies that could be applied for financial success in the New Year included paying attention to one’s health, building an emergency fund whilst improving financial literacy, taking insurance on risks one was unwilling to take, getting an extra source of income, automating one’s savings and investments.
Others were getting out of debt, creating and living within budget, proper record keeping of savings and investments.
Edafe stated that financial independence could be achieved by focus and intention.
“As we go into the year, a great way to achieve financial independence is to invest in the AXA Mansard money market mutual fund which provides unit holders with capital preservation and competitive return.
“The fund is liquid, hence a unit holder can liquidate within 24 hours, affordable when you consider the minimum investment amount of N1,000, accessible through various online and offline channels and professionally managed by AXA Mansard – a Fund Manager registered by the Securities and Exchange Commission.”
· BASIC FACT ABOUT AXA MANSARD
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries.
AXA Mansard Insurance plc is rated B+ by A.M. Best (2016) for Financial Strength. The Company is also certified ISO 9001:2008 compliant by the Standard Organization of Nigeria (SON) for quality management systems.
AXA is present in geographically diverse markets, with operations concentrated in Europe, North America and Asia Pacific. AXA is also present in Central and South America, Middle East and in Africa via operations in Cameroon, Gabon, Ivory Coast, Morocco, Senegal and Algeria. AXA has more than over 20 years continuous presence in Africa.
*BASIC FACT about AXA Mansard Insurance Nigeria
AXA Mansard Insurance Plc offers insurance and asset management services. The Company offers motor, home, life, travel, education, and commercial insurance services, as well as financial advisory, portfolio and risk management, and investment consulting services.
Santa Clara Court Plot 1412, Ahmadu Bello Way Victoria Island, Lagos Nigeria
*A CERUTTI MEDIASPECIAL BRAND FOCUS REPORT FOR WORLD LEADERS
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