Work Life

Many have asked why i'm working in the finance industry.
Well my work caters to all kinds of people.

“HSBC’s surveys have shown that 23% of Singaporeans do not know
how to make out a plan for their retirement.” 

“30% of the investment products recommended were unsuitable for the investor.”  

(Source: Monetary Authority of Singapore) 

The Inaction Group
Well it's simple, it's an important aspect to everyone, at any point in life.
When you have a kid, you need it for your child's education and all sorts of costs. 
When you are planning for your marriage, you need it for your BTO (housing), renovation works, banquet, furnishing.
When you're older, you need it for your retirement.
The point is, at whatever stage in life you may be in, planning is such a necessity. 
Yet many just think they already have too many liabilities, whatever stage of life they may be in, to do something about it.
They do not realize that the sooner they take charge and make a choice for a change, they'll actually ease their burden for the future. 


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The Ones who Buy Blindly
There are so many cases in which Singaporeans buy and buy policies, be it for investment or insurance.
But what are they getting these things for? Some say that they are supporting a friend, a family member or they thought it was good.
Do they really know what they're paying for? Do they know how it actually works?
Did they even do their own comparison to the other products in the market?

They might think, it's just $200 a month, it doesn't matter. 
How would you know what kind of financial aid you may need in the future?
What about your family, what about your kids next time, what about the early retirement everyone dreams of having? 

What if you're paying so much more for your insurance coverage than necessary?
The analogy is simple;
It's like buying an iPhone from store A for $1000, when you could have bought it from store B for $600 and it's the EXACT same thing.
I've seen my clients go into debt when they need the money the most, especially for their extreme medical costs.
Speaking from experience, my own parents, bought an endowment/savings plan of 20 years just to earn about $500 at the end of the term.
They could have benefited so much more from the money they have put into these channels,
they could have retired earlier or even purchase their second property without second thoughts.

Why cut yourself short especially when your future is what we're talking about?


So what do i exactly do for these people?
For those clients who already have existing policies, my company would take in their policies to do up a review, so they know exactly what has been purchased.
Plus, we are able to offer them something better with the same amount of money they're paying for their policies.  
Ultimately, it's a service done up for fellow Singaporeans that'll benefit them in future. 

If anyone wants to do something to change their future or ensure it's customized to your needs,
feel free to contact me at 96633338, even if it's just to ask me a question about the finance world or what you should do about your policies.