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Satguru Wealth (1)

You are covered for a disability that is unrelated to your job by both short-term and long-term disability insurance. Benefits often start after an elimination period, which is the initial waiting period before your insurance starts to pay out. Short-term disability insurance is typically exclusively offered by your place of employment. For a brief duration, typically no more than a year, short-term disability insurance will provide benefits if you are unable to work due to an illness, accident, or even pregnancy.

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Satguru Wealth (1)

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  1. How to Manage Your Finances

  2. 1 2 3 Today’s Highlights Cash Flow Protection Fund Investment

  3. 1 2 3 1st Cash Flow Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed at ipsum vitae lacus lobortis lacinia. Donec tristique arcu massa, at pharetra. 50% of income is allocated to necessities. 30% of income = Desire 20% from income = Savings

  4. Needs Allocate 50% of your income for essential needs, such as food, clothing, and housing. Ensure that these necessities do not surpass the 50% limit.

  5. Wish The next 30% can be set aside for discretionary spending, such as purchasing items we desire, but it should not exceed 30%. If not fully utilized, the remaining funds can be redirected into savings.

  6. Savings Before distributing funds for needs and wants, set aside 20% for savings first. Make an effort not to dip into your savings, as they will be utilized in the next phase.

  7. Protection Fund 2nd The following step involves allocating funds for protection. This protection fund comes from 20% of the savings we set aside monthly. Once the savings fund reaches six times our salary, we can proceed to step 2.

  8. Various Kinds of Protection The protection fund consists of: INSURANCE FUND EMERGENCY FUND An emergency fund should ideally be at least three times our monthly income to ensure financial safety. List of health insurance and life insurance.

  9. 3 3 Investment 3rd Invest in something that creates income Invest in financial instruments

  10. Thank you! www.satguruwealth.com

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