Financial planning should form a very important part of anyone's journey through life. Unfortunately, it is not taught in most school's curriculum and perhaps due to other immediate priorities, many people could ignore financial problems are on the horizon until those problems are right in their face. I only got interested in financial planning after going through some difficult times in my early years as a youth when my father's business failed.
I am now a 39year old accountant and have benefited from careful financial planning from early years. My investment portfolio has grown steadily through the years and I am now looking into the future with more confidence despite all the financial turmoil (although it could have been better, but it is ok. Must not be greedy lah!).
Have just bought 3 copies of your Practical Guide To Financial Planning to be given to my younger brothers. As it is at a good price, I do not want to save money by buying one copy and pass it around. I prefer they read the guide and have a copy with them for easy reference when they want to refresh their learnin. Spend $12, the returns will be many thousand times later. How's that for ROI? I hope they will do better than me from getting financial advice at an earlier age (they are late 20s to mid-30s). Be educated, be empowered.
You are happy to learn the truth but the insurance agents don't want you to learn the truth. It will be difficult for them to bluff you from now. Now these agents are back to the drawing board to come up with new strategies to counter the truth.
ReplyDeleteTheir trainers will teach them taichi , how to deflect questions and to distract you from the truth.
You see, it is endless battle between the buyers and the sellers, the insurance agents.
Although new tricks are sure to appear, it is still much better to have access to the knowledge to detect and assess such tricks.
ReplyDeleteThe basics of financial planning would always be important to grasp... Problem is many get swayed by moment of greed or simply just trust they cannot be the next victim.
I noticed ppl who works in the accounting line tends to be a saver than spender even if they know nuts about investment. However, not everyone's personality are frugal. Alot of us make mistakes and only realise in later life. The good news is, some ppl tend to start learning about the importance of saving when you are no longer in your 20s and start worrying about job security.
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