We all have many dreams and goals which we want to fulfill in our life. Our financial decisions should be based on when and how we want to achieve these goals. It is now necessary to be financially free to break out of the cycle of earning and spending and to carve out the life you envision for yourself.
And being financially independent lets you enjoy the following benefits:
1. Better Security
The need to feel safe is one of the most basic human needs. It drives all the decisions we make, especially our financial decisions. Without security, we would be spending our lives in survival mode and attracting a lot of unwanted stress. Financial independence helps ease the burden of living paycheck to paycheck and ensures that your dreams and goals are taken care of.
2. More Control Over Time
With financial freedom, you have the opportunity to work how and when you want. This gives you better control over how you want to spend your time. When your expenses are covered by additional sources of income, it leaves plenty of time, space and resources to focus on your passion.
3. Pursue Your Goals
Financial freedom turns your mind from working to paying your bills to following your passion. The money you generate or save in excess of your income can be used to pursue your interests like traveling or taking hobby classes, learning a new skill, and many more.
4. Align Your Actions With Your Values
We don’t always get to do work that aligns with our values ​​or passions. We are driven by the need to meet our expenses. Financial freedom changes that. By being financially independent, you no longer need to be motivated by profit. Rather, you are driven by your ideals and values. It gives you the option to choose what kind of work you do, when you do it, and how you do it.
5. Take Risks
It is not easy to take risks when you are not financially secure. Financial freedom opens up a world of possibilities for you. Waiting for that world tour? go ahead. Planning to move and settle in another country? It’s time. Waiting to switch to a new career? You’ve got this. Planning to build your start-up? Go straight ahead. ICICI Prudential Freedom sip Can give you a chance to achieve financial freedom. It not only helps you build wealth to meet your expenses but also helps you utilize your precious time to do what you love. This facility lets you invest in a disciplined manner and also get the benefit of regular money.
Click
Here To know more about ICICI Prudential Freedom SIP.
Disclaimer:
ICICI Prudential Freedom SIP is an optional feature that allows initial investment through SIP, switch to another scheme after a pre-defined tenure and then SWP. The SWP will be processed either till December 2099 or till the units become available in the target scheme, whichever is earlier. This facility does not in any way assure the performance of any scheme of ICICI Prudential Mutual Fund or give any guarantee of withdrawal through SWP mode. Freedom SIP allows investors to convert SIP investments into a target plan, and the monthly SWP will continue from the target plan after the completion of the SIP tenure. Please read the terms and conditions in the application form before investing or visiting www.iciciprumf.com. This feature should not be associated or confused with Freedom SWP; Both are different facilities provided by ICICI Prudential AMC Limited.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.