Learning financial balance with Garridon Baldomino

Posted by Garridan Baldomino on May 19th, 2021

Just like work-life balance, expenditure and savings balance has to be followed on same priority. As Bill Gates has said, ‘ Your birth in a poor family is not a bad thing but if you die poor then it’s totally wrong’. Garridon Baldomino suggests that your first insurance must be in your health. So, take care of you and invest in health insurance. You must be facing several issues on taking final decision like a cheap policy is good. Sometimes, your claim gets rejected and may be you don’t  get reterioration benefits. Only an experienced insurance consultant can help you in reviewing the power of insurance policy in your customized favour.

A good health policy protects your savings

You must have information about top-up cover and points. A good policy protects your savings.  You will get total cover. Usually, all standard policies have tie-up with good hospitals and you get facility of cashless treatment. Most of the jobs are no desktop and carry risk of life-style diseases. He further suggests that which hospitals near to your abode give you facility of getting treatment on your health insurance. The fees of consultation and physiology would always be free. It covers expends of appropriately 60 days.

Your income must be protected from all types of unfortunate incidents

You must accept that your family is dependent on your income. Anything unfortunate can happen to you. You are not God. That income need to be protected. Accumulating money in your saving accounts and fixed deposits is not sufficient to handle harsh realities of life. Insurance plans; be it business insurance, life insurance, Medical insurance cover the risk that you cannot afford.

Garridon Baldomino is not against maintaining your saving accounts and investing in fixed-deposits but these savings options should not go beyond 50% of your savings plans. Never jump in th trap of early gains like share market and mutual funds of companies facing downfall.

A human figure can never substituted with net information

The internet is a good power but it cannot give you acute information and consultation to your personal needs and liabilities. An experienced human figure never had any substitute and it will never have in the future. Usually we think that buying any insurance plan may hit our budget and we will not be able to fulfil our basic needs. Cover risks of road with free auto insurance in your town. A little step to differentiate between need and greed.

Life insurance is for your family

Like, your children in middle classes are totally dependent on you for their food, clothing and education. Their needs must be protected. If you are a businessman then you are answerable for its profits and risks. It is the main reason that many successful businesses collapse suddenly without giving any reason for its downfall.

Your decision for your car insurance provides you security in advance i.e. burglary or theft, strikes, riots, road accidents etc. The clause of personal accident cover in your life insurance plan give you protection against permanent total disability, death in case of accident.

Garridon Baldomino aware the masses that taking insurance following the steps of your cousins and friends is a wastage of your hard-money. He different policies protect you against liabilities and provide you cash-flow.