Many of you who know me personally, knows that I am one who has lots of study notes about life.
I was reviewing one of my notes which I learnt from one of the focus group discussion, I attended.
It was a research quoted by Anthony Compolo, one of the MDRT platform speakers. He mentioned that there was a survey done on a group of people reaching the age of 100.
They were asked, this POWERFUL question….. “You are now approaching 1oo in age. What are the 3 things that you wish you could have done MORE?”
A lot of things were brought up, leaving 3 things up on the list.
1) Reflect More
2) Risk More
3) Do more things that will leave a legacy
Everyday of my life, I go in my deep thinking routine to embed this 3 wishes of these people in my life. Feeling fulfilled that I have attain the dreams of the many, and achieve what’s desired.
This research has a profound effect on me. Perhaps it would on YOU too! So remember, Reflect More, Risk More & Do More Things To Leave A Legacy! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
There are certain calculation techniques that we, financial consultants used to make us looks cool, sharp and FAST. 🙂
One of the well known, unguarded secrets is the usage of Rule of 72.
The ‘Rule of 72’ is a simplified way to determine how long your investment will take to DOUBLE, given a fixed annual rate of interest.
Example if you have $10,000 now, given an investment return of 10%/year, how long will it takes your money to turn $20,000?
@20%/year, how long will it takes your money to to turn $20,000?
The formula is simple. Divide 72 by the annual rate of return (example 10 or 20), you can get an estimate of how many years it will take for your initial investment to DOUBLE.
So…..Investment annual return of 10%, it will take about 7.2 years for your money to DOUBLE….
Investment annual return of 20%, it will take about 3.6 years for your money to DOUBLE….
Rate of Return
Rule of 72
Actual # of Years
Difference (#) of Years
2%
36.0
35
1.0
3%
24.0
23.45
0.6
5%
14.4
14.21
0.2
7%
10.3
10.24
0.0
9%
8.0
8.04
0.0
12%
6.0
6.12
0.1
25%
2.9
3.11
0.2
50%
1.4
1.71
0.3
72%
1.0
1.28
0.3
100%
0.7
1
0.3
From the table, you can see, the higher your rate of return, the faster, your money will DOUBLE!
If you will like to know of instruments that can help your money to double, do not hesitate to call me. Thanks! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
I prepared a superb, compact, financial, post for the month of Ramadan, yet due to my hectic schedule, I delayed my posting, only to realise that Hari Raya Puasa is coming. (thus I decided to post a lighter one)
Indeed, time flies…. 🙁
As Hari Raya is approaching, I am very sure, many of us, busy ourself preparing for this festive season.
Have you bought your baju kurung? 🙂
Do you make your kueh raya, or you buy them?
Have you changed your $2 notes to be distributed as “ang pao”?
Have you payed your Zakat Harta & Zakat Fitrah?
Are you buying new curtains to decorate your house?
As, we financial consultants from NTUC Income now has a booth at Mega Bazaar, at Geylang, I took the opportunity to survey the area, looking for good deals.
I just realised that the pricing of the kuehs (cookies) is quite exhorbitantly high. Maybe because it is homemade.
I am tracking all the prices so that at the end of Ramadhan (malam raya), I can sniff off the good deals and profit from it.
Oh yes! Btw, I will like to wish all my clients, friends, relatives, anyone reading my blog right now, Selamat Hari Raya, Maaf Zahir Dan Batin!!! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
I am sure, all of you, reading my blog, have a portfolio of insurance, savings and investment policies.
Some of you, may have a manageable 3 or 4 policies. While some, have more than 10. My question to you right now is,”Do you know EXACTLY what you are having?”
Do you know, when you can claim and when you cant from your insurance policies?
Do you know, whether if your critical illness coverage is enough and what is the shortfall?
Do you know, how much you need for your retirement, child’s education and the shortfall/excess that you have?
…or simply put across, do you know, what is the PURPOSE of you getting the policies that you currently have???
The only solution to these, is having YEARLY FINANCIAL REVIEWS.
In a span of 2 weeks, I met 2 clients with tragic stories…
1) Father In Law Cannot Claim Hospitalisation Insurance plan
I did a financial review for my client just now. She also brought her father’s in law policy from a different company, for my interpretation.
She asked me, “My father in law going for heart by pass surgery next week. I check with the claim’s department of X company…They say cannot claim…Can you interpret the policy document for me?”
I interpret for her, realising while the policy owner of the hospitalisation plan is her father in law, the insured is her MOTHER IN LAW… Her father in law does not have any hospitalisation coverage.
………………………………………………………………………………………………….
2) Client and his family think he got a death coverage of $300,000
Last week, I met my prospect at his home and he get hospitalisation plans for himself and his family.
I enquired him on his coverage, in case, death, total and permanent disability or critical illness were to strike. How much will his wife, 2 sons and 1 daughter get?
He looked at me confidently and said, “No worries. Anything happen to me, my family will get $300,000…”
I felt relieved, because, as he is earning a takehome pay of $2,500/mth, $300,000 will be adequate. Nevertheless, I asked for all his policy documents for me to help him “refresh” on the existing plans he has.
To my surprise, I realised he only have $30,000 of coverage in case of death. His family will only get $300,000 if he DIED DUE TO ACCIDENT…
You can imagine, the look at his face…For many years, he has been telling his wife, in case of death, “you will get $300,000″….
Call me up at 96520134. Let me help you…Insya’allah… 🙂 🙂 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
I am very sure, many of you, reading my blog are readers.
You know, readers are leaders. You have lots of books, reading materials with you. You are passionate to learn new things, apply new concepts and preach it to many if you find it beneficial.
Like me….I have gone for a lot of courses, seminars and classes on self development, finances, religion etc2…. You name it, NLP practitioner course, sales course….anything….and everything….
What I find the most powerful tool of learning is DOING IT AND EXPERIENCING IT YOURSELF…..
In life, it is COMMON for you to make mistakes.
Be bold and accept the mistakes courageously.Because you face those mistakes courageously, you become stronger in person. You learn from your mistakes and you move forward.
Next time, when such trying situations confront you, you will then smile at it, and do what you should know.
My take….If you face difficult situations…welcome it…smile at it….because you know, if you dont die from it, you will grow out of it…
Pray not your problems are smaller…Pray that you are bigger….Insya’allah… 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
A certified financial consultant, Helmi Hakim has won praise for his patience, perseverance and practicality when solving his clients’ financial concerns. For more information on how you can manage your finances better, contact Helmi Hakim at 96520134.
