My friends and I usually have interactive discussions, brainstorming on how each of us, interpret proper financial plannning for our clients.
I extract the terminology of “financial planning”, in the coursebook CFP module 1.
Financial Planning is the process of meeting an individual’s life goals through the proper manageent of his finances, and involves
1) gathering relevant information
2) setting life goals, examining his current financial status
3) coming up with a strategy or plan for how he can meet his goals given his current situation and future plans.
All in all, there are 797 6 steps to the financial planning process.
Establishing and defining the relationship with the client
2) Build Rapport With ClientGathering client data
3) Analysing and Evaluating the client’s financial status 4) Developing and presenting the financial plan recommendations 5) Prepare a 30 page financial reportImplemementing the financial planning recommendations
6) Monitoring
I subscribe to these principles when a client is entrust on me.
There are many modes, ways, a proper financial planning can be conducted, and this is the most accurate way.
This is the status quo.
I will share more with you SOON! 🙂
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 feel sad, reading from other people blogs, supposedly “to promote the importance of having an insurance plan“, condemning life insurance agents.
I prefer to stay out of this debate as I feel, the points brought forward are negatively biased.
I DONT MIXED with negative people.
To all my comrades out there, continue to preach on others, the importance of insurance, the importance of savings and the importance of investments.
As what Freddie said in the video below, “they will never know when their thunderstorm will come”.
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…
He shares quality insights on the importance of insurance.
Do visit his blog 🙂
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 was a bit tired after toiling my way in Toa Payoh roadshow.
Just back from work now. 🙂
I msned 8 of my friends, asking them the first thing that came into their mind when someone mentioned $$$ to them.
Here are their replies.
1) HelmiHakim.com says:
what is the first thing that came to your mind when anyone mention the word money to you?
ana banana says: business?
ana banana says: oh and shopping for sure
2) HelmiHakim.com says:
what is the first thing that came to your mind when anyone mention the word money to you?
sharylie. says: spend uh. haha..
3) HelmiHakim.com says:
what is the first thing that came to your mind when anyone mention the word money to you?
fifi says: err…
fifi says: shopping
4) HelmiHakim.com says:
what is the first thing that came to your mind when anyone mention the word money to you?
~aisyah~ says: ummm…tahts a vague question ar..
5) HelmiHakim.com says:
….what first came to your mind when someone metion money to you?
????? ??????? missing you like hell!!!! says: blank lor. tiba2 ckp duit…
6) HelmiHakim.com says:
what is the first thing that came to your mind when anyone mention the word money to you?
Www.deleted.namE – my personal site | www2.deleted.name – My blog !! says: hmm
Www.deleted.namE – my personal site | www2.deleted.name – My blog !! says: buy
7) HelmiHakim.com says:
what is the first thing that came to your mind when anyone mention the word money to you?
IvAn™ [ Home ] I finally got wine glasses to go with wine!!!! WOOHOO!!!! says: something to buy needs loh
8) HelmiHakim.com says:
what is the first thing that came to your mind when anyone mention the word money to you?
Clement – ‘CPF Investment ?’ says: wan earn money?
Clement – ‘CPF Investment ?’ says: can borrow money ?
Okay….Generally, most people when it comes to money, the first thing that comes into their mind is to SPEND it.
Many loves to spend money and many OVERSPEND it.
That is why many will need financial associates like us to help them plan their finances well. 🙂
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…
In my course of work as a financial associate, I meet literally hundreds and hundreds of people out there with different types of personalities, different types of attitudes and different types of attributes when it comes to the topic of money.
There are really lots of financial instruments out there that you can use.
I will like to share with you 7 things you MUST know before making decisions to get the financial instruments.
1) Know How Long You Need To Keep The Financial Instrument
I have met clients complaining to me that they have been cheated by their agents.
They claim this and that, often vouching on the topic of losing money.
Often, it is investment.
When I questioned them, on how long they keep and then liquidate their investments.
They will answer 1 or 2 years.
It doesn’t take a genius to figure out that by liquidating with that short period of time, the amount that they will get will definitely be lower than the principal amount.
So first thing first, know how long you need to keep the financial instrument.
2) Know What Are The Charges Involved
It is normal that in everything you do, there will be charges involved.
As an informed consumer, you must know what are the charges involved and how long will it takes for your investment to break-even with the charges.
3) Objective Of YOU Getting A Financial Instrument
You must know your objective of getting a financial instrument.
What is your purpose of getting that life insurance policy?
What is your purpose of getting the savings plan?
You must have a purpose, if not you will be doomed.
If you get an insurance policy without a purpose, you will soon lapse it.
If you get a savings plan without a purpose, you will soon liquidate it and spend all the money away because you don’t feel a need for you to save that money.
You don’t have an objective!
So, remember this, anything you do, you must have an objective.
4) Know the background of your advisor
Ask your advisor if he is practicing what he preached.
If he is recommending you a financial instrument, asked him if he, himself have used the financial instruments he recommends.
If not, ask for the reason.
5) Get the financial instruments only if you understand
Yes. That is a statement.
Only get a financial instrument, if you truly understand.
You will not want to subject yourself to ambiguity and confusing lifestyle in the future.
Clear your doubts before getting any financial instruments.
6) Ensure that you can afford
When you get life insurance policy, savings plan or an investment plan, do ensure that you can afford to do so.
It is not smart to get something you cant afford.
Make sure your financial associate assess your financial situation and recommends strategies that you can use to accommodate that financial instrument in your existing lifestyle.
7) Check if there are backend charges
Some plan don’t have upfront charges, which makes the plan looks impressive.
Ask your adviser if there is any backend charges to your policy.
You wont want to feel happy and end up being disappointed when you liquidate your financial instrument.
I hope all these 7 points will be beneficial to you ! 🙂
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 realised that everyone can achieve financial freedom in Singapore. To me, financial freedom is having your passive income exceeding your monthly expenses.
Which means that even you SHAKE LEG, all your expenses will be taken care of, without having you need to work.
There are many strategies that you can use to earn passive income.
I will share with you on how I will generate my passive income.
1) Through my job as a financial associate
From my job, I can create passive income streams.
Right now, I am earning about $1000 of passive income per month if I choose to sleep at home every day.
I will increase it day by day.
2) I am targeting a condominium house in Malaysia.
Yes. I am targetting, one in Danga Bay.
First reason, because its near my house in Woodlands.
Second reason, because the capital appreciation for the properties there is increasing fast and furious.
Third reason, Malaysia government is going to pump billions of dollars for the Iskandariah project.
…and many many more reasons.
I will get an agent to collect rental on my behalf every single month.
3) Royalties from my books.
As I become popular and successful, I will share with everyone of practical methadologies that I have been using to propel myself to success.
If I can do it, anyone in the world can do it.
Everyone can do it!
I am going to write books (cant disclose the topic now…psst…secret) and earn royalties from it.
4) Invest in shares where the companies have history, giving dividends generously to shareholders.
Yes.
This is one source of passive income you can look into.
Of course, you need to check other relevant factors like the transparency of the management, company performance, ROI, cashflow statement, PE Ratio, etc2.
5) Affiliate Marketing
As I become established, I will work with all the rest of the top advisors in this field.
If I find their products (e-books, softwares etc) is useful, I will definitely recommend to others and gain passive source of income from there.
6) Advertising
This will be something minimal.
I am yet to be expert in it, but I will somehow find strategies to earn passive income from it.
Yup… Pray for my financial freedom to come sooner! 🙂
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.
