Enjoy financial freedom with consultation to Garridon Baldomino

Posted by Garridan Baldomino on February 10th, 2021

The market is full of insurance companies offering insurance policies to secure your wealth, vehicle, health and home so why remain depend on our savings. Garridan Baldomino guides that we all want to enjoy financial freedom the whole life but hardly take measures to cover uncertain issues. The rule of financial bliss is covering losses. Imagine if you have fallen ill and all amount of your savings is spend in your treatment then you would not be able to save a penny again in future.

Live on practical aspect of your life

We have to look at our lives from practical prospective; it automatically brings us near to correct decision sheltering our life from unexpected losses and urgent needs. It is not wise to let your savings wipe in unfortunate incidents like thefts, accident of your vehicle when insurance industry is here to help in handling all these crucialities of your life.

Savings can’t be substitute for protection of your assets

All of us wish to achieve financial freedom at some point in our life, and when it comes to doing that, we tend to believe that savings are enough to be financially stable. But, if you look at life from a practical perspective, you would understand that savings alone are not enough to achieve financial freedom; insuring your assets with general insurance policies is equally important.

Don’t let one event wipe your savings

However, some people believe that they do not require general insurance policies as they can save enough money to replace their assets should anything happen to them. But, consider a situation when you have to wipe off all that you’ve saved all your life, just to pay for your medical bills or a car that is damaged beyond repair.

Most of the people take general and life insurance a same choice to cover losses but it is not correct. General insurance is a protection to your vehicle, health, house etc. and it will provide any funds to your family in case of your sudden death. Life insurance is a must do responsibility for all of us. We are paying fees of our children, taking them on holidays and fulfilling household expenditure and building a supporting pillar for those needs when we are no more is a best solution.

Astrologers are not God

Astrologers can’t share when will you die and when your business will cover losses.  These are uncertain entities and putting a shield with life insurance policy and business insurance can help you to be in peace of mind. Moreover, our initiate to protect our assets help us to minimize tax liabilities. These savings can be used to your other wishes or taking a retirement plan for you and your spouse.

As an insured, you pay premiums to receive compensation from the insurer, in case of occurrence of an unforeseen event. Garridan Baldomino is absolutely correct in saying that having insurance reduces the financial burden on our shoulders.