| Times are changing very rapidly that it is difficult to | | | | work for you , you have to have an investment |
| catch up. You can only survive in this competitive | | | | planning. Do not be intimidated by the word |
| world if you are constantly paced with time. In a | | | | investment, as a matter of fact, you have to |
| matter of minutes, you may lose your job, your | | | | appreciate the word investment and put in extra |
| money and your life will become miserable if you do | | | | effort in learning how to have a good investment |
| have a concrete plan on your financial goals. | | | | planning. Personally, I do not believe in short- term |
| When you have a good financial plan, you can be | | | | investment or short term investment gains as |
| rest assured that you will not be very affected in | | | | financial planning itself is a long term plan. |
| the event where you lose your job. with sound | | | | You also need to have a good tax planning so that |
| financial knowledge, you can also hedge yourself of | | | | you do not have to spend extra money on |
| being in a financial difficulties. | | | | unnecessary taxes. An accountant can definitely give |
| The best time to plan your financial goals is when | | | | you this leverage. |
| times are good. When the economy is doing very | | | | The main gees of financial planning is retirement |
| well, you can plan your financial goals more | | | | planning. Everyone will have to go through this phase |
| effectively. In financial planning, you are mainly looking | | | | of life and having a comfortable retirement years is |
| at the big 'picture'. If you do not have the necessary | | | | very important. In Singapore, the government had |
| skill in financial planning, you can always engage a | | | | implemented a compulsory savings just for |
| financial planner. Just make sure that you financial | | | | retirement. If you are not living in a country whereby |
| planner is certified and comply with the law. | | | | the government does not have a system for |
| Firstly, you have to have a good risk planning. Risk | | | | retirement, you really need to have good retirement |
| planning is often overlooked as it is an expense in | | | | planning. A certified financial planner will know the |
| your balance sheet. However, risk management is | | | | method to calculate how much you need to have for |
| essential as you cannot predict the future and you | | | | your retirement. |
| have to be proactive for any changes. Risk planning | | | | Estate planning is also very important. Although some |
| needs differ with the life cycle that you are in. at | | | | may think that is a taboo, estate planning is a must |
| different life cycle, you have different needs; young | | | | have for anyone. The reason is very simple; you |
| early career, mature/ household formation and | | | | want to let your dependents inherit your wealth |
| career, prime years, nearing retirement and | | | | effectively without any extra expenses and rivalry. I |
| retirement. | | | | urge everyone to have a good and updated financial |
| Everyone knows that you have to have money to | | | | plan because you will never know what lies in front |
| make more money. in order to make your money | | | | of you. |