Jakarta, CNBC Indonesia – Financial Freedom or financial independence is a phase where someone is truly free from debt, and can do whatever they want without worrying about the costs that arise. Target financial freedom can be achieved by determining goals, in addition to investment.

CNBC Indonesia’s Financial Expert, Aulia Akbar, explained that a person needs to measure their own financial condition before defining the term financial independence. Because each person has a different amount of expenditure for basic needs and other lifestyle needs.

Maybe, someone can just get IDR 1 billion. However, there are also those who feel that IDR 10 billion or more is sufficient.

He also said not to adopt the concept of financial independence that other people apply. For this reason, the ability to pursue financial independence must be well thought out.

“So you have to Achievable,” he explained to CNBC Indonesia some time ago.

Akbar explained that not a few people can achieve financial independence without investing in shares, bonds, mutual funds, and so on. However, with investment, this goal will be easier to achieve.

“If they only have deposits or savings, the consequence is that their cash inflow (income) must be large so that the amount of money allocated as current assets on a regular basis can also be large,” he said.

Furthermore, he revealed that strategies for achieving financial independence can be different for each person. However, this strategy can be determined after someone knows how much funds are needed for this purpose.

So that later someone can plan their investment according to their respective time period and risk profile.

“And make sure you choose products that are safe. This means that the organizers are supervised by regulators. The formula for financial independence for each person is also different,” he explained.

The methods used to achieve the goal of financial independence can also be found in savings products at banks, such as those offered by PT Bank J Trust Indonesia Tbk (BCIC) or J Trust Bank.

This bank, which is part of the J Trust Group network, has several products such as J Trust Savings, J Trust Savings Plan, J Trust One Savings, TORA Savings, Foreign Currency Savings, J Trust Deposits, J Trust Current Accounts, and J Trust Foreign Currency.

Each savings product has different features in order to meet various consumer needs. J Trust Bank presents a supermarket concept that offers a variety of savings products for various needs.As for deposit products denominated in rupiah and foreign currency, J Trust Bank offers interest rates that are competitive with other banks.

“Because (foreign currency deposits) we can start from US$ 1,000, the interest is competitive. Usually (other banks) deposits have to start from US$ 10,000 or US$ 5,000. (At J Trust Bank) Starting from US$ 1,000 with a tenor of 1, 2 “, 3, 4, 6 and 12 months. At J Trust Bank there is also a good program with a term of 3 months and 6 months, namely the Blue Sakura Premiere program,” said J Trust Bank management.

For complete interest rates on savings products at J Trust Bank, you can check here.

[Gambas:Video CNBC]

(dpu/dpu)