Personal Financial Plan [3]

I encourage consumers to carry out a personal financial plan, using the calculator shown in this website, www.easysearch.sg/life21. The key feature of this calculator is:

• It is free (unlike the fee charged by a financial adviser)
• It is easy to understand
• It shows you the projected income, after adjusting for inflation
• It highlights the difference in your income, based on a 2% difference in yield
• It shows the importance of getting a yield that is 2% above inflation
• It show the danger of buying a life insurance policy that gives you a poor yield, due to high deduction.

You can also view the tips on "financial planning" and "buying insurance". Working out a Personal Financial Plan is mandatory for every young person, as your future is at stake!

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