The need of Financial Planning

Please read this article if you are really serious about your future. For guys, we going to be the head and leader of our family in years to come, dont you think it is very important we be serious and always plan for our money, a women seek not only love but also securities from a guy nowadays. And for our dear sisters, some may think that financial planning is guy business, that is wrong. All these years, I seen many cases pity women and girls money cheated by their love one. So girls also need to be more smarter and have more knowledge in planning their finance nowadays

When we heard of financial planning, what will come in our mind?...

money?savings? insurance? budget?...

Many people when start to work, will start to think of many dreams and wishes (car, house, career success etc.) I belief most of us will have a relief that at last we can be independent, and can start to repay our parents love at least by giving back and lessen their burden.

But are things as simple as it seem? Do you know that based on statistics :

Credit card debt in Malaysia has reached rm23.3billion,which 50% of bankrupt cases belong to age 21-30!

Most retiree used up all of their EPF money in just only 2-3years!

Why such things happen? This is because there are lies by the government ( not only Malaysia)...

They claim that they will take good care of us, and our retirement plan (EPF) will be good.
They claim that inflation is in control.

So many people still think that saving money in bank alone is sufficient. The fact that bank fixed deposit interest rate will give a return from (2-4%), but Malaysia inflation rate is up to 7%! for example:

10years ago, we buy a chicken rice is rm2.00 and now is rm4.00, so the price increase by rm2 which is 100%. Also mean that the inflation of chicken rice is 10% per year.

So if we save our money in banks we are actually losing at least 3% every year. Because the value of money keep dropping. So, how can we beat inflation? there are only 2ways, INVESTING or BUSINESS. For me my business and investing vehicle are MONAVIE and ING.

It is solely depends on each individual whether which way suit us the most... but no matter which way we choose, we surely need to do one thing. FINANCIAL PLANNING...

We need to plan how to distribute our income, allocate our investment, plan our expenses, create backup plan for financial and health risk. These are not hard if we have some knowledge on it.

As most of my friends know, my dream is to achieve financial freedom and helping others to achieve it. This is what I think I can contribute to society and at least slightly help this world a better place. My dream is not a joke, and I been learning and working very hard for it. Because, my aim is to

Achieve FINANCIAL FREEDOM by 35years old, and helping at least 10people to achieve it too...

At this moment, I joined wealth map... We are a professional financial & insurance advisory company. So anyone if you need to seek for professional advise on your financial future, money and savings. Do not hesitate to find us. And whoever who are serious and really want to learn and join us, you are always welcome.

In the next few articles, I will explain more on how to plan and invest your money, what is the option available and type of investment that suitable for starter. Thanks and have a nice day

PLAN IT, OR LOST IT

- Bryan Khoo -
0167688136
WealthMap(M) Sdn. Bhd.
Suite 19-02, 19th Floor,
Wisma Zelan, Jalan Tasik Permaisuri 2,
Bandar Tun Razak, Cheras,
56000 Kuala Lumpur


bryanksk2003@yahoo.co.uk