Your journey to riches starts here.

Saving money can be the most difficult task a person can do. I have seen people in their 40’s that do not have savings at all. When I asked them how come they do not have any savings, their reason is that they find that their income is not enough to set aside for any savings.

The art of saving money is actually very easy. It is very important to know how much to save every month and how much savings one must have. Once you have the adequate savings in your bank, you can then accumulate wealth. Why the rich accumulate wealth so quickly is because they invest their money after they have saved enough money in their bank. Most of the times, the rich have their own personal financial planner to track their finances and advice them.

Nevertheless, you do not need a financial planner to tell you save money. If you are clueless on how much to save each month, let show you step by step with the example below.

EG 1

Norman is earning $4,500 and his wife is earning $4,000. On average, the couple would spend $7,000 a month on expenditures which includes their insurance and household expenditures. Norman and his wife are looking into accumulating their wealth and are very interested in investing their money in stocks and shares. The couple also wants to diversify their portfolio and are looking into unit trust and bond funds. Currently, they have $49,000 in their savings account and wants to find out how much is the best amount to come out for their investment.

From the above example, Norman has a savings ration of 7. (Savings divide by monthly expenditure). Savings ratio is a ratio that will tell you how many months can you depend on your savings if you get retrenched or out of job. In this case, Norman has 7 months to find a new job before he drained up his savings. From a professional point of view, Norman should invest $28,000 of his savings and maintain a savings ratio of 3.

EG 2

Kelvin is a fresh graduate who is clueless on how much he should save for any emergency uses. He has been working for 6 months and currently earns $1,600 a month. Even though he has been working for 6 months, he has not been able to save any money because he tends to spend all of them by month end. He usually keeps aside $100 but end up using that money usually at month end.

In this case, it is clear that Kelvin do not have any money management skills. As a guideline, one must save 20% of their income. Saving of money is done on the very day that you receive your pay. Therefore, Kelvin must save $320 a month and live with the rest of his pay. He has to have a budgeting system on his expenditures and be very disciplined.


To sum up, in order for you to be financially stable and accumulate wealth, you need to have good money management skills, excellent saving habits and be extremely discipline. You need to save 20% of your income every month and maintain a savings ratio of 3 to 6. I am very sure that you can achieve your financial goals if you are able to take control of your own finances. It is time for a change.

Do you want to have a debt- free life?

Cost of living now is increasing rapidly forcing people to work harder than ever. It is now common that people are taking up part time jobs to supplement their income. On average, almost half of an individual pay is used to pay liabilities. Banks are coming up with more and more credit products to attract more people to take up bank loans.
Credit companies are also making a lot of money collecting interest payment from their customers.

Financial problems seem to be a part of a person life now. Having debts is life. I reckon anyone who does not want their life to be debt- free and financially stable. More and more people are talking about financial freedom and dream of having a good life. However, people are earning more not to accumulate wealth but to pay debts. The golden rule for financial freedom is; you need to have money to make money.

There are many financial products that are designed for people to accumulate wealth but people are not making use of these products. People are better versed on which bank approves loans without much hassle and which department store offer instalment programs.

Do you want your life to full of debt until you grow old? Do you want to take a big loan even on your child’s education? Do you want to pay for your new car cash? Do you want to buy your first big house cash?

All this are possible with the help of financial advisor or financial planner. A financial planner knows all financial products to suit your needs at the back of their head. They are trained in financial services industry and I am very certain that they will tailor your to your financial needs.

As a financial planner myself, I am proud to say that I have helped my family members to realise their financial dreams. Everyone in my family is well aware of their financial situation and is very clear on their financial goals. My goal for my family is for them to achieve their dreams fast.

Drop me an email if you want your dream to come true!

Financial freedom to those who are not lazy!

I always tell my clients that they need to have strict money management tools to help them monitor their budget, expenditure details and daily expenditure. As we know, human beings are very lazy and they only settle for things that are easy. Managing money is not as simple as you think. It is a tedious process but it is worth the pain.

I have been tracking my daily expenditure and monthly budgeting over the past few months and I managed to save more money than I ever can imagine. Managing money is a habit that you must inculcate. If you think that you are too lazy to track your expenditure, I am sorry to say that you will be wasting a lot of opportunities.

Recently, I put myself to a test. I wanted to know how it feels like if I ever get lazy on my money management routines. I thought that I could still manage my money without having to record all my expenditures. Unfortunately, I literally overspend my budget and could not even save any money. In fact, I almost exhaust my savings accounts.

I am sure that you want some financial securities in you life. I am also very sure that everyone in the world would want to have financial freedom. All this dreams of becoming a millionaire, financial freedom day and financial abundance can be made possible if you know how to manage your money.

Money management problem is a problem that is faced by everyone in the world. However, some managed to tackle the problem resulting them to have extra money to spend on investment and accumulate more wealth.

Wealth can only be made if you have money. There is no get rich fast scheme in the world available for you. You need patience, discipline and endurance if you want to achieve your financial goals.

What are you waiting for?

Insurance planning is vital for financial security.

The concept of insurance or wealth protection is often neglected. People are so interested on making money but often neglect the other side of the coin. However, I do not blame people who think that they do not need insurance because the industry itself does not have a very good image.

Some insurance agents can be very unreasonable and make consumers buy insurance policies that are beyond their financial capabilities. With that, people often complain that they are paying too much insurance premiums.

As a financial planner myself, I like to meet up with people and ask them about their financial situation. I often engage in conversations with strangers. One day, I took a cab with my family and I started a conversation with the taxi driver. I asked him whether he is a part- time taxi driver or he has a day job.

He told me that he has a day job at a bank as a clerk and he has to work part- time because he has to pay for his late wife medical bills. I was shocked when I heard his story and asked him more about what had happened.

He went on and told me that his wife was contracted with breast cancer and he had to pay for his wife medical bills, on top of that, he has 2 daughters who were young and still schooling. When I asked him how come he did not have any insurance coverage for his wife, he told me softly that he had overlooked on that matter.

Even after his wife’s departure, he has to have two jobs because he has to pay for his late wife’s medical bills. He advised me to get some insurance coverage and told me that a misfortune can change a man’s life.

I am sure that everyone needs some kind of insurance in their life. I am also sure that you do not want to take another job to pay off your liabilities. The only thing is to get a financial planner or an insurance agent who is reliable and responsible. Wealth accumulation is as important as wealth protection. We do not know what lies in front of us; however, we must also be responsible and anticipate what may come in the future.

Achieve your financial freedom with a customized financial planning.

Financial freedom is something that a lot of people want to achieve in their lifetime. Having to pay all debts and liabilities, enjoying all luxuries in life and enjoy life without to worry about any financial problems. More and more people are very interested in making their financial dreams come true. There are also motivation classes which main aim is not to discourage people from thinking that getting their first million dollar is possible.

As a financial planner, I am also aware that people usually do not quantify their goals. Having a goal of becoming a millionaire is something that is achievable and not impossible. I do have clients who want me to plan their millionaire journey. Having said that, a million dollar road map is easy to develop but very difficult to follow.

Before you can be a millionaire, you need to have a very good financial planning. You need to hire a financial planner to assist you as financial planners went through series of examinations and training perfecting their financial planning skills. It is impossible to be a millionaire if you do not have a financial plan.

Seminars on how to become a millionaire do not give you customized financial plan. You can be earning $ 200,000 per annum but if there is no financial planning, you will be asset rich and liquid poor. Managing your cash flow is the most basic element in financial planning.

One of my client, Mr Doctor (names are kept confidential), a doctor who has his own practice and earns $180,000 to $250,000 a year initially do not have any financial planning. He does have insurance policies and that was all. I had a hard time convincing him to meet me. He was very reluctant and told me that he already have a financial planner.

After much persuasion, I managed to meet him and assist him in his financial planning. I did a financial analysis on him and explained to him that financial planning is not just about insurance planning, financial planning also stresses on cash flow management, investment planning, child education planning, tax planning, estate planning and most importantly retirement planning.

After a year we had that meeting, he came back to me and told me that he now understand how important a financial plan is. He told me that he now can quantify his financial goals and he also told me confidently that he will be a millionaire in 5 years time.

I knew that after my appointment with him, he will identify his strength and weaknesses financially and able to quantify his goals. With my customized financial planning and financial planning tools, I am sure everyone will achieve their financial dreams.

Do you have any investment?

We always hear that it is best if we let our money work for us. The first thing that comes to our mind is investment. People are talking about investment more often now compared to 10 years ago. People are also losing more money in their investments since there are more investors as compared to 10 years ago.

So, what went wrong?

The only reason people are losing more money than what they ‘supposed’ to lose is because of lack of knowledge. I have seen people who invest thousands of dollars and do not know much about the investment. They do not know what kind of risk they are exposed to.

I have a friend who invest in anything that he thinks can give high returns. When I asked him whether he is a risk taker, he told me confidently that he is a risk taker. However, when I asked him whether he is a loss taker, he told me that no one likes to loss. In short, he is a risk taker but not a loss taker.

In reality, a person who is a risk taker must be prepared to lose money in any investment that he made. On top of that, one must be well aware of the risks that are exposed in their investment.

I would suggest that you only invest when you really know what the risks behind the particular investment are. You need to spend some time evaluating the investment that is presented to you. If you do not have the knowledge competency in the investment, I would suggest you to seek for professional help. It does not hurt to spend a bit of money in hiring a professional to assist you in your investment. At the end of the day, it is your hard earned money.

Although the mindset of the people now is better, some things just do not change. There are more and more people who have millionaire mindset but do not have a millionaire attitude. To be a millionaire, you not only have to have a millionaire mindset, you also need to adopt their attitude. One attitude of a millionaire is due diligence.