Love is in the air!
Valentine's day, celebrated on February 14 each year, has traditionally been connected with the idea of giving something extraordinary. However, following societal norms when giving a priceless gift to a significant other on Valentine's Day is not always required.
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As a result, this Valentine's Day, you can go above and beyond societal norms to gift your partner something that can give them more power in the future.
1. Discuss Your Financial Health With Your Spouse: While you're out on a romantic meal with your partner for Valentine's Day, you can utilize the time to talk about your financial health, your goals, and objectives. Plan an investment strategy with your partner, taking care to address each other's assets and liabilities, so you're on the same page in the future. You can share financial duties and be each other's, financial partners.
2. Invest in Their Future: Instead of lavish jewellery or an expensive iPhone, give your partner a sum of money that they can use to fund their business, education, or other long-term ambitions. It doesn't have to be much, but it will make a difference in the long run.
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3. Purchase Life Insurance: You can also purchase life insurance. With the Covid-19 epidemic currently wreaking havoc around the globe, insurance has become a necessary element of existence. It is not at all selfish to purchase life insurance for yourself and name your partner as the beneficiary. Instead, it implies that you care about them and want them to be financially secure even when not around.
4. It's All About Sharing: The primary markets have been buzzing for a while now, and there's no better moment than now to buy in some good shares in your partner's name. You can make your partner even pleased by purchasing shares in the company they enjoy. This will be an excellent start to your joint investment journey.
5. A Credit Gift: If you're confident in your decision, you can add your significant other or partner as an authorised user on your credit card and assist them in establishing credit. You will continue to be the primary user and will be responsible for any account charges, but your partner will be able to use your account as well.
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So, when purchasing gifts for loved ones on Valentine's Day, look outside the box. Ascertain that the gift you select leaves a lasting impact that touches their hearts, brings them joy and makes a significant difference in their financial future!
(Check out 'Learn & Grow with Wizely' to learn more about financial planning and investments.)
