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…
Yesterday, we, NTUC Income rookies have a session with our branch manager.
He talked about his experiences, and what profoundly struck me most is the key word, “internalisation”.
I believe 2 things will affect you in life,
1) The book you read
2) The people surrounding you.
We internalise messages from these 2 chief elements and these very messages which assimilate in our heart forms our habits, attitudes and how we run our life.
That is why, I bought and read lots of motivational, self help, financial, wealth management books.
…and I also ensure that people surrounding me are naturally positive.
Btw, talking about internalisation, I found this video…I meant this WONDEFUL video which has subliminal, powerful messages embedded in it.
Enjoy! 🙂
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…
Running your own company is the fastest way for you to amass a huge amount of money.
…and what product should you sell?
You will need to sell a product which profits for $10,000 to 100 people in order to be a MILLIONAIRE.
You will need to sell a product which profits for $1000 to 1000 people in order to be a MILLIONAIRE.
You will need to sell a product which profits for $100 to 10,000 people in order to be a MILLIONAIRE.
hahah….I am starting to think like a businessman…
kinda interesting ya? 😛
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…
When I grow up, I want to be a doctor. I want to be a teacher. I want to be an engineer. I want to be an architect. I want to be a lawyer.
My ambitions, my goal is to be someone successful in the future. I will be someone you will be proud of….someone that will take care of you, when I reach my hallmark of achievements.
I will be that doctor that I have always dreamt of….that teacher, that engineer, that architect, that lawyer…..Yes, indeed I will do my very best.
I wont let you down…
I will put a smile on your face.
I promise you.
I assure you that…
I will study VERY hard.
Fight my way through the best university in the world…. (Hold on a minute)
(Do you have enough money to pay for your child’s university education in the future?)
Don’t shatter their dreams by NOT PLANNING.
Call your financial consultant today and PLAN IT immediately!
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 have clients who tell me,it is better to buy a penny stock than a blue chip because it is CHEAPER.
Example you have $1000 to invest.
The penny stock you have been eyeing cost $0.10 each.
…. and another one, a blue chip cost $50 each.
With $1000, you can buy 10,000 penny stocks.
With $1000, you can buy ONLY 20 blue chips.
So their rationale is its better to buy penny stocks, because it is CHEAP and you can buy more because of that.
Blue chips are too EXPENSIVE.
So….Which is better, blue chip or penny stock?
The holistic truth is that the price of the shares DOES NOT matter.
What really matters is the potential percentage increase in the price, which depends on variables like
-the profits that the company makes
-market sentiments of the development of the company etc2.
Lets assume the above example again.
Assuming both companies are equally strong and enjoy 20% increase in price.
The total value of the PENNY STOCKS will increase to (10,000 X $0.12) =$1200
whereas the total value of the BLUE CHIPS will also increase to (20 X $60) = $1200
So you see… The price of the stocks doesnt makes the difference.
Both investments make the profit! 🙂
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.
