Regular Savings

Quintessential to financial health is the ability to set aside finances, whether monthly, quarterly, annually, or more, with the goal of saving money in mind. At a glance, it may seem like enough to simply pool the money into a savings account with the intent of generating interest, but in an era of boundless knowledge and connectedness, you can do much more.

 

With the proper guidance, you can learn to not only save money, but also how to manage it. Are you an expatriate living abroad? Is it better to save your money in a local bank, or to send it back home? Where should you work if you’re seeking a new job with a higher salary in a country with lower taxes? Or if you’re working locally, when do you plan to retire? Are there better ways to generate passive income that are just as risk-free and remotely manageable as bank interest?

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Asking the right questions is a great place to start as it’ll help you structure and prioritise your unique goals and ambitions, but what if you don’t know where to go from there? What if you don’t even know what you want? The truth of it is, there is no secret ubiquitous answer. Before you can start making changes to your relationship with money, you will need to understand more about your current situation, and what choices you have.

Industry-leading experts at 10X Wealth Management will not only help you learn more about yourself and your goals, but will also help establish a healthier relationship with all your financial aspirations. Contact us today and uncover how you can make the best of your resources.

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