In my daily pursuit as a financial associate, I met a lot of people.
People with different characters, different goals, different needs and different line of thinking.
The beauty of it is that I get a lot of exposure and learning experience from meeting these people.
Let me share with you an experience I have yesterday.
Just for sharing purpose only ya….
I met with a couple whom I came to know from a roadshow.
We talk about NTUC Income Ideal Plan.
They specified their objective of savings as “to improve living standards”.
I craft a beautiful plan for them and proposed my recommendations.
My presentation is as usual, short and simple. (direct to the point)
I always tell my client for our Ideal Plan, you must continue to save at least for 5 years, best 7 or 11 years.
If you want to save for 1 or 2 years,put your money in the bank. Your money in the bank is for emergency use or for your daily expenditure.
They then retort and asked me, “I know a plan that can give me $2.2 million dollars after 5 years. What is needed is just spend $100/mth on your basic necessities. Can you promise me that?”
I did a simple calculation with them and the ROI is more than 1000%.
I answered, “Do you know what’s Warren Buffet’s ROI on his investments?”
“If you know of such plan that can give me such a spectacular return, tell me. I will put all my money with you.”
They looked stunned.
The point of contention that I want to mention here is that financial education is very important for everyone.
Many will like to find an easy way out in managing their finance and later feel the tinge of disappointment at the end of the day.
What I proposed to all my clients are simple recommedations which is in line with their objectives.
Okay…Now you may be asking me, “Helmi, is there such a thing in the world as investment giving more than 1000% return?”
I will answer , “Yes. Definitely! That type of investment is investing in yourself. Go for seminars, invest in books on finance, invest in audio CDs.”
Only then, you can look at me with deep conviction and say, “indeed…I know of an investment plan that can give me 1000% return just by SPENDING my money…” 
My other related posts that may interest you:
- Secret Formula To Know How Long It Will Take To DOUBLE Your Money…..
- What Is The Single Most Important Lesson You Learnt In Personal Finance?
- NTUC Income Ideal Plan: Just Some Questions And Answers
20. March 2008 at 6:44 am
Abis tak cerita pun ROI pun apa…apa benda tu?
20. March 2008 at 8:07 am
Azila >>> ROI means return on investment
It is the percentage of money gained on an investment relative to the amount of money invested.
The amount of money gained may be referred to as interest, profit or gain.