Road to Financial Freedom

Sana Quadri

Sana Quadri is a Chartered Accountant, and an associate member of Institute of Chartered Accountants of Pakistan (ICAP). Currently she is working in the Finance Division of a Microfinance Bank and has over 10 years of experience in financial services industry. She has also written articles for The Pakistan Accountants Magazine published by ICAP and has remained associated with its various Committees

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16 Responses

  1. Spitzen Beitrag, gefällt mir echt gut.!

  2. Dan Zuvich says:

    Dein Beitrag gefällt mir sehr gut! Weiter so 🙂

  3. informatica says:

    I invested a lot of time attempting to find this precise info and here it is. Thanks a ton for completing my research.I appreciate the resolve it has given.

  4. Muhammad Zain Ashraf says:

    Impressive! I really appreciated to you on this quality work. Nice article!!

  5. Hina Usmani says:

    I know Sana for quite some time but was not aware of her excellent potential and expertise in writing skills. She is indeed a thorough professional which clearly reflects in her writing. Great work Sana! keep going

  6. saad says:

    what is the best portfolio? given the fact that wealth advisors press on not putting all in one basket. What is the best way to hedge against ever rising inflation which also acts like a tax somehow?

    • Sana Quadri says:

      Hi Saad
      As I’ve mentioned in my article; your investment goals, your risk appetite and your ability to invest, all determine your best portfolio. The asset allocation depends on all the three factors.
      To your second question, usually real estate, gold and investments in other hard assets are considered safer when prices are constantly rising as these investments are most likely to appreciate in value with inflation. What I would suggest a good investment strategy is to revisit your investments on a regular basis.

  7. saad says:

    you are right about revision. but what are the ideal things to invest in ? say suppose a person has close to one and a half million cash.

    • Sana Quadri says:

      Hi Saad
      I can see you’re eager to make an investment. There’s a whole universe of investment options. From hard assets to financial instruments, from stock market to debt instruments, mutual funds to insurance products etc. Considering the current political and economic situation, stock market/ stock funds (mutual funds) and real estate options look good in the long term. I’ll however suggest you to do a detailed research before taking any decision

  8. Rizwan says:

    Impressive. Still I have basic disagreement, spend now pay later in a controlled manner is the most effective way of managing wallet. Yes, if somebody has tendency of spending and forgetting to repay will suffer even if not using a credit card.

  9. Taha Sajjad says:

    Good job!
    Though a lot can be said on the topic, I’ll only share a few observations. I personally think it’s more of a matter of disposition. On a broader level, personal ad collective financial acumen, cultural and social pressures define the consumption and savings pattern. In Japan, even a negative interest rate couldn’t push people to consume. In US, even the financial crisis couldn’t alter people’s willingness to spend. In Pakistan, people just want to spend more because of peer pressure. No matter whether it’s borrowed money or their own, they just want to spend. I know people who have financed their weddings from expensive personal loans, without giving a single thought about repayment. Freedom is really a relative term. Also, generalization of behavior is tricky.

  10. Rashid says:

    As financial freedom is too broad a term to be summarised in one article and as you mentioned somewhere that it varies from person to person and capacity to earn and invest. You also mentioned the habit of people putting all money in bank deposits which blindfolded them and they don’t see other attractive options.

    Very intelligent piece and keep writing!

  11. Nauman ul Haq says:

    While I agree with the overall sentiment of the article but financial freedom can only be attained by developing alternative sources of income and thus reducing your dependence on your day job. Whether that is through investing in stocks, direct equity placements or even through fixed deposits (obviously the amount invested would vary). However, given the volatile nature of stock market (hence also mutual funds) the asset class is not exactly ideal for developing an alternative source of income unless you spend considerable time and effort into studying the market.

  12. It’s really a cool and helpful piece of information. I am satisfied that you just shared this useful info with us. Please keep us up to date like this. Thanks for sharing.

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