FILIP Formula - 6 Goals to Financial Independence

Find out what is Financial Literacy and why does it matter to be a Financially Literate Person.

Start saving and increase your monthly savings ratio

Find out about the importance of saving, how to reduce your expenses, increase your income and increase your monthly savings ratio.

A simple FILIP Formula

Find out more about the FILIP Formula and how you can use this formula to achieve your financial and life goals.

FILIP Formula - Examples

Find out more about the FILIP Formula and how you can use this formula to achieve your financial and life goals through illustration of specific examples.

1. Get out of high interest debt. Clear any credit card debt or personal loans (bad debt).

2. Save enough to cover for your basic expenses for 3 months.

3. Save into your pension fund, 20% of gross income or more.

4. Save for a deposit to buy a flat/house you can afford, use at least 10% deposit. Check a) the costs of buying are lower than costs of renting & b) mortgage no more than 30% of net income.

5. Invest in real estate and stock market, 20% of net income or more. Diversify your assets between Pension fund (less accessible), House (illiquid), Real Estate (illiquid) and Stock market (liquid) depending on your financial independence horizon

6. Give generously back to the society.