by Helmi Hakim | Apr 12, 2014 | Insurance, Investment, Miscellaneous, Motivation
I am offering
– my personal mentorship (you will be personally mentored and coached by me)
– share my secrets, how I build the trust and establish myself as the financial consultant, helping over 500 families with their financial planning needs
– build a career, promoting shariah compliant fund, and cooperative insurance, which emphasize noble principles like people before profits, transparency, honesty and trust
– M5, M9, M9A, HI certifications fully sponsored
– Attractive establishment fund to help you start in this business
If you are considering to be a financial consultant in Singapore, call 96520134 to arrange for a non obligatory chat. Look forward to hearing from you. 🙂
by Helmi Hakim | Apr 24, 2013 | Insurance, Investment, Miscellaneous, Motivation
Alhamdulillah Wa Shukrillah…. I have finally graduated with Bachelor Of Science (Hons) in Banking and Wealth Management, University Of Wales, UK, with first class honours. 🙂
It has been an uphill task thus far, juggling appointments with clients and school, but a rewarding and satisfying one.
I have made great friends along the way and learnt what it takes to be an empathic, professional and competent financial planner. Now, I have the time and resources to share what I learnt, and apply it fully onto my 600+ clients. Till then, I shall wait patiently, for our convocation in November 2013. Insya’Allah… 🙂
by Helmi Hakim | May 11, 2012 | Miscellaneous, Motivation
How many of you have watched this latest movie, “The Avengers”?
For every 10 of you reading this blog post, I can guarantee at least 5-6 of you have watched this movie, because it is soooo popular… 🙂
My facebook feeds are flooded with people “checking in” the cinema to watch the movie or filled with snippets of reviews, line of thoughts about the movie. Overall, the movie was awesome, though I feel, some part of it should be trimmed away. i love fast action movie
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So, what does Avengers got to do with financial planners in Singapore?
When I first watched the movie with my girlfriend, the first thing that struck me about the movie other than the explosive stuffs, was the importance of taking responsibility and teamwork.
As a financial planner, clients entrust us with their money. We need to take responsibility to manage their money well, recommending them plans, consistent with their risk profile.
We need to take responsibility to provide them with a trusted counsel, by placing instead of our company
We need to take responsibility to be open, honest and transparent with all our clients, at all times in our professional dealings. Do not suppress information, omit, delete or adjust, just to induce a sale..
If we can take responsibility, take ownership to help our client meet their financial goals while advocating such principles…….. This is what I call, the champion mindset with a loving heart! 🙂
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Second lesson that I get from the movie is the power of teamwork.
Recently, NTUC Income Muslim financial consultants did a roadshow at the Halal Food Expo 2012. To get our company to subside the rental fee + set up cost, we need to hit a certain target, a multiplier of the total roadshow costs.
As this is one of the roadshows that involved high costs, naturally the target is high. A few of our top producers contributed, but we still plagued with an irritating shortfall. Alhamdulillah, when all gives their share, we hit the target set, and get our roadshow subsidised.
This can only happen with the power of teamwork. Instead of relying on the producing consultants in the team, all put in effort and give their bit. That is where, goals are achieved and barriers are lifted. Hope you learn something from this post. Insya’Allah. 🙂
by Helmi Hakim | Nov 11, 2008 | Insurance, Investment
I am very sad, that in the mark of the technical crisis in Singapore, many people are facing dire financial difficulties.
While the rich are facing ENORMOUS financial opportunities.
Some people whom I dont know, out of a sudden, get my hp number and asked if can borrow money. gheeidontlikethiskindofpopularity
Old friends whom I have not contacted for over 10 years,suddenly try to befriend and get close to me in hope for some bucks to spare.
Well, ladies and gentlemen, if you are reading my blog, please, i beg you please LISTEN to me.
(Real life picture taken in Singapore, YES IN SINGAPORE! I try to cover the unit no)
You have to learn to manage your finance well.
The responsibility is on YOU.
If you do not know how, get a ahlong FINANCIAL PLANNER like us to help you out.
We can help you to MANAGE your money, not we GIVE you money.
In the wake of these incidences, I have come out with 6 Rules Of Thumb that I always advise my client to follow, when it comes to MANAGING THEIR MONEY.
1) Save at least 10% of your monthly income
This is a good start to SAVINGS.
Usually, I will analyze whether my client do have a habit of savings or not by asking simple questions like,
“For these past few months, how much savings have you done CONSISTENTLY, i mean, you put your money in there, and you never take out?“.
“For the next 12 months, do you need to use that money,that you have saved?”
If they do not have this habit of savings, 10% is definitely a GOOD START.
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2) Life Insurance Cover Must Be At Least 10 Times Your Annual Income
People get insurance mainly because of 2 main reasons
-Income replacement
Should critical illness like heart attack, cancer, were to occur, or you were downed by permanent disability, you will lose your source of income.
BUT, your expenses continue. The proceeds from your insurance policies helps to pay off your expenses.
-Assets Protection
Should death were to occur, all your mortgages will be paid for from your insurance proceeds.
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3) Have 3 to 6 Months of Estimated Expenses In Your Emergency Funds
If you are an employee, in the event of retrenchment, it will take you about 3-6 months for you to find a new job.
If you are an employer,a business owner, and your business winds up, it will take you longer, perhaps 6 months to look for new projects or find a job.
In this climate of uncertainty, I will strongly recommend you to have at least 6 months to 1 year of emergency funds.
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4) For your retirement income, you need 70 -80% of your last drawn salary
This goes by the assumption that your expenses, will be lower when you retire.
In financial planning, we called this younoneedtospendsomuch replacement ratio method.
We assume major expenses like mortgage and work related have been settled by then.
However, this rule is not applicable to everyone.
You need to account for holiday expenses, and perhaps SHOPPING freely because you have more time when you retire.
I always tell my client, “The more you have for your retirement, the better!“
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5) The percentage of your portfolio to be invested in equity should be 100 minus your age
In this time of uncertainty, it is BEST to stay invested.
Some people asked me, “How much money should I put into equities, and how much bonds?”
This is a simple formula to follow.
Example, a 30 year old guy.
As a rule of thumb, take 100- 30.
So 70% of his savings should be placed in equities and 30% in bonds.
Of course, this is just a simplified way of analysing the client.A detailed check will ensued.
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6) Your home loan repayments should not exceed 33% of your monthly income
When you earn $6000 a month, it is okay to spend $2000 on mortgage.
But when you income grows,you upgrade to a more expensive or bigger house, most of your income will go to the house which do not generate income (Personal Use Assets) and less into investments and savings.
The lesser, the loan repayment per month the better.
You should avoid a situation where half of your monthly income, goes out to pay loan.
Like that, jialatla you cannot afford to be sick…. sure die….
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Wokei….. So now, you can gauge yourself whether you conform to this simple 6 rules of thumb in managing you money.
However, I need to make an exclusion here.
I believe 20% of you may have a lifestyle that is different from the norm.
Rest, follow these thumb rule and call me at 96520134 should you be imbued in more queries.
Financial Planning is the way to go! 🙂
