Once you’ve decided your goals, now it’s time to go all out and achieve them. To help you get started, we’ve summarized three principles for reaching financial freedom.

Take care of your money carefully

When managing money, it’s important to keep an eye on your cashflow. Write down all of your monthly expenses, including household necessities, transportation costs and even service tips. That way, you can find out the single largest expenses and create better spending habits. The more money you save, the faster you’ll likely to reach your financial goals.

Save money for a rainy day

Having an emergency fund is an important component of good financial health. The purpose of the fund is to ensure financial security against life’s unexpected events. At a minimum, a married couple should have nine months’ worth of expenses. While a married couple with one kid should have 12 months’ worth of expenses. Remember to keep your emergency fund in a high yield and low-risk place that is easy to access.

Invest, invest and invest

What happens if you don’t start investing early? You’re holding yourself back from pursuing financial independence. So, you need to start managing your income the right way so that you have enough money to invest.

If you’re new to this, you might want to consider getting unit-linked insurance. What makes this product unique is that it can be adjusted depending on your financial capacity and needs. Sun Life Indonesia offers a variety of unit-linked insurances that give you two main benefits. They are financial protection from life risks and investment feature with a wide range of options, such as stocks, bonds, and mutual funds.


So, start your journey and declare your financial independence day!