Introduction

When you are my client, I want to share the inside-scoop of current financial trends, so that you can stay updated and know when to make a change. Therefore, I have decided to write you a letter every week for the best financial insights and also about the different aspects of my personal life, so that you can also get to know me better personally.

Making Your Last Wishes Known (Estate Planning)

Date Posted: 30/12/2022

𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐢𝐬 𝐛𝐫𝐢𝐧𝐠𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐩𝐫𝐞𝐬𝐞𝐧𝐭 𝐬𝐨 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐝𝐨 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐢𝐭 𝐧𝐨𝐰

Don’t let the term estate planning deter you from getting yours done because this is not only for the rich. No matter what level of wealth you have accumulated thus far, if you already have an opinion on how you want your assets distributed, now is the best time to start and get a Will done or trust fund set up. Making your last wishes known and ensuring that your loved ones get what you wish to give them efficiently is easier said than done. Thus, having them documented onto a legal document can help make the process smoother and reduce any potential conflict that may arise amongst family members.

Things you didn’t know about the Supplementary Retirement Scheme (SRS)

Date Posted: 23/12/2022

𝙀𝙫𝙚𝙧𝙮 𝘿𝙤𝙡𝙡𝙖𝙧 𝙈𝙖𝙩𝙩𝙚𝙧𝙨.

And did you know that by making SRS contributions voluntarily, it can help defer and reduce your taxable income by 50%? That means you not only have more money saved up for your retirement in the future, but also potentially pay lesser tax. This incentive that the government rolled out since 2001 is really beneficial and not to be disregarded since at the end of the day, we do not lose out but rather, benefit the most out of this scheme. 

3 Tips to Boost your Financial Fitness

Date Posted: 16/12/2022

𝗕𝗲𝗶𝗻𝗴 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝗹𝘆 𝗳𝗶𝘁 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝗮 𝗵𝗶𝗴𝗵𝗲𝗿 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝗼𝗳 𝗹𝗶𝗳𝗲.

It can not only help you make better decisions in your personal life but also help you prepare for the future. 

And although it might seem troublesome to change your current lifestyle or adopt new habits, starting somewhere is the way to go. If you’re able to track your expenses, you can identify what you can cut out as unnecessary expenditure and save that money for your future or put it into investing. It’s as simple as that!

The key is to be proactive rather than wait until you are put in a situation where you are desperate for help or have regrets not having done something sooner.

Are you Financially Fit?

Date Posted: 09/12/2022

Just like how an individual doesn’t lose 10kg overnight, being financially fit also takes time to achieve. And successful financial planning requires being mindful of your spending regardless of income level and also taking baby steps towards your overarching goal and dream. If you’re on the right track, then that’s great and keep up the good work! But if you’re lost or find yourself not knowing where to start, you should have a chat with your financial planner, or me, to kick start the conversation to identify your current needs, future goals, and what can be done now to achieve those goals.

Is Covering your Bling worth it?

Date Posted: 02/12/2022

“𝓘𝓼 𝓙𝓮𝔀𝓮𝓵𝓵𝓮𝓻𝔂 𝓘𝓷𝓼𝓾𝓻𝓪𝓷𝓬𝓮 𝔀𝓸𝓻𝓽𝓱 𝓽𝓱𝓮 𝓲𝓷𝓿𝓮𝓼𝓽𝓶𝓮𝓷𝓽?”

This might be something that many of you wouldn’t think of getting because you aren’t aware of such coverage or simply think that insuring your bling isn’t worth it. However, you may be surprised that getting that extra protection can give you a peace of mind when it comes to protecting our gemstones or jewelleries that are deemed irreplaceable. 

And it doesn’t even need to be that expensive! For just a small fraction of its value, you can be assured that your precious jewelleries are well insured. But that doesn’t mean you can be careless and rough because at the end of the day, you wouldn’t want anything to happen to them now, would you?

The Dangers of Investing in Crypto

Date Posted: 25/11/2022

𝐏𝐞𝐨𝐩𝐥𝐞 𝐥𝐨𝐬𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐡𝐚𝐫𝐝-𝐞𝐚𝐫𝐧𝐞𝐝 𝐦𝐨𝐧𝐞𝐲 𝐨𝐯𝐞𝐫 𝐟𝐚𝐤𝐞 𝐦𝐨𝐧𝐞𝐲?

That was what exactly happened in the recent crypto crash. Just last week, we saw the crypto market crashing down and hundreds of cryptocurrencies entering the red zone. Millions of investors worldwide were affected and ended up losing most, if not all, of their money that they have put into Crypto investments.

If you think investing in crypto is a quick way towards gaining riches, then think again. My advice would be to park your spare cash elsewhere and instead, invest them in a platform that is more predictable. Or if you want some personal advice on how you can better your investment portfolio, then feel free to reach out to me and I will be more than willing to.

3 reasons why getting life insurance is beneficial

Date Posted: 18/11/2022

“𝙒𝙝𝙖𝙩 𝙗𝙚𝙩𝙩𝙚𝙧 𝙩𝙞𝙢𝙚 𝙩𝙤 𝙩𝙝𝙞𝙣𝙠 𝙖𝙗𝙤𝙪𝙩 𝙥𝙧𝙤𝙩𝙚𝙘𝙩𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙛𝙖𝙢𝙞𝙡𝙮’𝙨 𝙛𝙪𝙩𝙪𝙧𝙚 𝙩𝙝𝙖𝙣 𝙣𝙤𝙬.”

Oftentimes, people have this perception that life insurance is a waste of money since you do not see any benefits to purchasing and committing to one. You are more worried about the now rather than what the uncertain future may bring. However, in this week’s video, I have highlighted 3 benefits to owning your own life insurance and how you, and especially your loved ones, can gain the benefits it promises. 

Life is a struggle but perseverance is what makes us stronger. And life insurance is more of an investment that provides a safety net for your dependents’ future financial security. Wouldn’t it reassure you that your loved ones and descendants have the additional support when you are no longer around? I know I would.

Going the extra mile

Date Posted: 11/11/2022

With every weekly video being informative and enriching, I have decided to do something different this week and that is to share a personal experience of mine while having been in this industry for many years and how it reflects my work ethics as a financial planner. The reason why I am here today is all thanks to everyone’s support and it also brings me greater joy to see my clients, whom I treat as if they are like friends, living life to their fullest. Going above and beyond for the sake of others is something that I do simply because I want everyone to experience the best, worry-less and in some way or another, make the world a better place. 

Thank you all so much for putting your trust in me and it is a pleasure to keep working with everyone for many more years to come. And to all my future friends out there, I hope that when the time comes for us to have our encounter, I will be able to help you achieve your goals.

Is turning off life support illegal in Singapore?

Date Posted: 04/11/2022

Being physically here but not mentally present is one of the worst case scenarios to be in. It can not only have a negative impact on our loved ones emotional well-being, but it may also cause a rift between each family member due to their differences in opinion and take a toll on the family finances. It is hard to know when we would ever end up in such situations so in order to prevent this from happening in the unforeseeable future, what we can do is to prepare in advance.  

In this video, I share about the Advance Medical Directive (AMD) and how it can be the tool to consider if you, or anyone you know, are worried that your health condition may affect your family’s future well-being. Turning off life support is never an easy decision to make and ultimately, if given the chance, you should be the one to decide so as to avoid causing any arguments over stopping the use of extraordinary measures to prolong your life within the family since different generations have different views on this matter. This will definitely help relieve the emotional burden of decision-making from your loved ones in trying times. However, this does not mean that if you are terminally ill, you can choose to end their life. Rather, an AMD allows you to state that you do not want extraordinary measures to prolong your life.

𝗔𝗰𝘁 𝗻𝗼𝘄 𝘄𝗵𝗶𝗹𝗲 𝘆𝗼𝘂 𝘀𝘁𝗶𝗹𝗹 𝗰𝗮𝗻.

If you are keen to find out more about AMD and how you can apply for it, visit the website here: https://www.moh.gov.sg/policies-and-legislation/advance-medical-directive

Plan before you die

Date Posted: 28/10/2022

We are not immune to sickness and death. A lot of times we need to keep track of how our internals and externals work. We need to know what are the options available for us. If something were to happen to us, the world still moves on without any mercy. Taxes and daily necessities still need to be paid for, and families still need to be taken care of.

All Singaporeans will have the most basic health insurance plan, but it only pays the bare minimum for healthcare expenses. But do you know that there are many other problems that will follow, once someone is diagnosed with critical illness or death? It can be finding palliative care, or costs that are not within the policy’s claimable items. What about a lack of income due to an inability to work? Funeral fees, if one were to die? Mental health treatment due to trauma? 

While there may be government support, it may not be holistic enough for your needs. It is important to leverage as much support and safety nets as you can, as early as possible in your life. For a tiny portion of your income, you guarantee yourself a better future with insurance plans. But depending on your needs, you need suitable products. That’s why financial planners are there for – to guide you into a proper financial plan that you can lay down in place, for a more stable future for yourself and your loved ones.

Even with death always looming around us, you can still make life less painful.

Small things I believe I can do

Date Posted: 21/10/2022

You have your personal missions and beliefs you’d want to commit to. You’d want to take steps to achieve the things you want in life. One of the steps that I do is to improve the things I have control on, and ignore things that I have no control over. Life need not be organised, but it needs to keep moving.

Be authentic, and be more human.

Financial planning circle

Date Posted: 14/10/2022

Does buying insurance feel like you’re throwing your money away, into something which you cannot see the effects immediately? Then this financial planning circle is perfect for you!

Here is a circle that represents our wealth. The money that we have. Many of us would want our circle to be bigger and not shrink. In this circle, there are usually three different accounts – cash flow, wealth creation, and wealth preservation. Each account has a focus.

In the cash flow account, it focuses on short-term savings. Here, our money is fluid. We use money from this account for our expenses, for our businesses, and we gain income from our occupations. So we would usually leave this money in a bank, because we can take money out easily, and put money in easily, without any major penalties.

The wealth creation account focuses on investments. The usual tools in investments include stocks, funds, businesses and properties. You put in money to generate even more money, but this only happens if you are smart enough on where and how to put in this money.

The wealth preservation account focuses on long-term savings. That means retirement money, emergency funds, future expenses, insurance. It takes a longer time to accumulate the kind of wealth we want to put into the wealth preservation account. Only if something happens to you, then the wealth is immediate. But otherwise, these would take a long time to accumulate.

Each of these accounts has a keyword. For the cash flow account, the key word is “discipline”. Remember that the cash flow account is fluid – money comes in easily, and goes out easily. If you are not disciplined enough, your money will leave the account quickly, and your financial circle becomes much smaller. So you have to be extremely disciplined, if you want to keep money in your cash flow account.

For wealth creation, the keyword is “risk”. All kinds of wealth creation tools involve some form of risk. If you’re good at it (or if you’re super lucky), you make money. But if you lose money, your money leaves your circle. And money that leaves your circle will no longer be your money.

For wealth preservation, the keyword is “patience”. Because it’s long-term savings, it takes a long period of time to accumulate, and so you have to be patient. I’m talking about 10 to 50 years here.

But what would you be doing if you were to spend on insurance products? You’re not losing wealth – your money stays within the financial circle. Rather, you are moving money from the cash flow account into the long-term savings account.

In fact, if something were to happen to you, your circle will only get bigger and not smaller. If you get a critical illness, your circle will only get bigger and not smaller. If you pass away, your family’s wealth will only get bigger and not smaller. If nothing happens to you, the circle will still become bigger and not smaller.

So, you’re not losing out when you buy insurance. Rather, you’re securing your financial circle so that it can become bigger in the future no matter what happens to you.

Two pillars supporting your financial plan

Date Posted: 07/10/2022

The two pillars are your insurance policies, that can help hold your family, your commitments, your responsibilities together, even when you are not able to do so yourself. You don’t want these problems to come crashing down in your life, because once these things start to happen, it will start off a series of unfortunate events. You can go ahead and ask anyone whose lives have been affected by sicknesses, and are struggling to cope.

You don’t want to live a life full of risks and consequences that you cannot cope with.

What is your human life value?

Date Posted: 30/09/2022

All of us can safely say that every single cent we earn has a purpose. The number of things that we can contribute to our goals, as well as the things that are important to us, are limited by our salaries.

A heuristic approach for calculating our life value is multiplying the number of our years till retirement by our current yearly salaries. But this amount of money can also be the amount of money you’ll lose, if you were unable to work due to unforeseen circumstances. 

Does that mean that you have lost your life value? Not necessarily. You can even implement certain methods in sustaining your life value, so that you can still make your mark in the world.

Protecting your real and human assets

Date Posted: 23/09/2022

At any point in your life, you have two kinds of assets.

“Real assets” are associated with monetary value. “Human assets” are associated with the ability for one to earn money.

A young person, perhaps around ages 23 to 25, may have little to no real assets, since they most probably don’t own much property or wealth. But their human asset is very high; being young and capable, they rise up to a lot of new challenges and are still hot in pursuit of their hopes and dreams.

But when one turns 60, maybe that person has accumulated a lot of real assets. But at the same time their human assets will be very low since they wouldn’t be able to work as much as when they were young and energetic. This seems to be an ideal goal for many of us.

Yet, one needs to have enough real assets in order to enjoy retirement. What kind of real assets do you want to have in your life? What are your goals that you’d want to achieve before or during retirement? Do you have a next generation to tend to?

Let’s look back a bit, say when you are 45 years old, when you have not met your goal in accumulating enough real assets. But if something happens to you, you might need to stop working for a few years, or might not even be able to work anymore. Then what will follow from this terrible situation? Do you have a plan for that?

There are many people who can help you meet your real asset goals, even when you lose the ability to. It’s a good safety net that many people are exploring right now.

Financial planning triangle

Date Posted: 16/09/2022

Your financial triangle may look like this where you have heavy investments and heavy savings. But when a critical event happens, your triangle is going to tip over and crash. You may not guarantee that no sickness can catch up to you, but you can guarantee yourself a proper financial plan that serves you well as well as your future generations.

A buddy for solo travelling

Date Posted: 09/09/2022

Travelling is a dream for many. But if you want to travel solo, you might want to do a lot of planning, otherwise it’ll be too dangerous. A lot of unexpected dangers can happen during travelling, and you’d want to return home safe. You don’t want to start driving a car without buckling up.

But what can solo travellers do to give themselves a peace of mind? They can get a travel buddy, in the form of insurance. All services, like buying necessities and hospitalisation, need money around the world. The amount of protection you receive when bad things happen is so worth the small amount that you pay for the insurance.

All these will help you return home safely to your future commitments, while still having the bragging rights about your courage to start solo travelling.

Inflation-proof your spending habit

Date Posted: 02/09/2022

This is just a thought I have, when I’m shopping as a tourist in Sydney.

Times in the economy are not easy for some nowadays, so I would like to share with you some practical tips or habits that have served me well.

One – I spend way below my means. I’d only spend my passive income, not active income. But some of us are building up a passive income, so I’d recommend you only to spend 5% of your passive or active income & save at least 50% of your overall income.

Two – I protect my income-generating assets. I’ve a special financial strategy which is to provide a warehouse of income to guarantee my family’s income for at least the next 30 years, in the event that I lose my ability to generate income.

Three – Price is what we paid for, and value is what we received when it comes to spending. Ultimately we are the ones assigning a value to the things we buy. To maximise the value, you may like to reuse or even repair it if the item breaks. This way, it can even push you further to reduce your spending. Ultimately, sustainability is a goal you and I share together isn’t it?

In the end, every small step you make in planning your finances count.

An advice worth a million dollars – are you keen?

Date Posted: 26/08/2022

Those of you who know me would most probably have seen the term “Million Dollar Round Table” – or MDRT for short. And for those who don’t – this is a term that Must Do Right Things financial planners associate themselves with.

If you were to look this up on the web, they will tell you that the MDRT is “an international, independent association that represents the world’s best financial services” professionals that follow high standards and show professionalism. You can also say that MDRT stands for “Must Do Right Things”.

But MDRT to me is not just about being professional. It is a platform where I can become knowledgeable and skillful to ensure that your loved ones’ needs are well taken care of – which can be done with a good enough financial plan.

Before I decided to become a MDRT qualifier in 2003, I have witnessed families broken up and many people becoming vulnerable as a result of not having a proper plan. So I thought of gaining more knowledge from my peers in MDRT to help these families better.

One of my clients ended her life due to depression. Her sister came to me with $2000 cash, thanking me for the legacy plan that I had drafted with her 14 years ago. Her sister was shocked that I didn’t charge a single cent for a multi-million dollars worth of assets. 

Another client was upset that her ex-husband did not pay a single cent in raising their son while still owing more than 10 years of maintenance fees. With my advice, she recovered 6 figures worth of money when the ex-husband passed away. This is also without charge.

I also helped a friend, with a friendship of more than 40 years, to start a passive income that is good enough to provide for a financially independent lifestyle.

All these are the small little things I did out of concern for my peers and of course I’m convinced that nothing is difficult if you set your mind to do it well.

I previously shared with you about how thirsty for knowledge I was. Every speaker from MDRT that I have paid myself to listen to, I will do these three things: firstly, record. I do recording until I can reproduce their powerpoint slides and their scripts myself. Secondly, practice. I will practise their ideas until that idea becomes part of me. And lastly, friendship. I will connect with them and seek their mentorship or friendship.

As an avid reader, I also read a lot of books from the insurance companies I worked with. I visited the library and borrowed books from the library. I was told no one else in the company uses the library at all. I’d humbly suggest testing YOUR financial advisers on their knowledge, to know whether they are really worth your time to spend with.

Maybe I have a different way of viewing my career as a financial planner. I would feel that a financial planner actually needs to handle very heavy responsibilities. Many families trusted me with 6 figures of money to manage, even though most of them were not rich in the first place. I was being tasked to help them to be financially sound and then gain financial independence. I have news for you, and this is very refreshing news! I was capable enough to have worked as an authorised representative in Keppel Insurance, HSBC Insurance and Prudential Assurance, all of which specialise in insurance that can be more difficult to sell.

I can tell you that qualifying for MDRT is really very simple and it’s a myth many think it’s difficult, as long as we are willing to put in effort. After my 5th MDRT qualification, I discovered that one of my children had autism, and that another of my children had to undergo open heart operations, so I was very mentally affected by the situation I was in in 2007. There were also other emotional challenges that I had to overcome for the subsequent few years, but ultimately I was able to do well again as my usual self in the year 2021.

Now, I am currently on a 10-day trip to Sydney for the MDRT 2022 conference. At the end of the year, I will be travelling with my family and neighbours for another ten days road trip. This will help to strengthen our family bond and friendships. I’m really grateful for being MDRT as it believes in the “Whole Person” concept. (You can look it up on the internet.)

Yes, MDRT is a mark of a good advisor. A more solid proof of being an excellent adviser is to have long-term clients that want to recommend your services to others, because of the efforts you have put in to save their situations. 

An advice can help a person recover what they have lost, prevent a person from making bad choices, or even help a person continue living well. I have witnessed families broken up and many people becoming vulnerable as a result of not having a proper plan. So I thought of gaining more knowledge from my peers in MDRT to help these families better – by providing advice worth a million dollars.

MDRT can refer to the association “Million Dollar Round Table”. For me, it refers to the concept of “Must Do Right Things”, inspired by MDRT’s “Whole Person” concept of striking a balance among these seven aspects: relationships, health, education, career, service, financial and spiritual.

My Retirement Plan

Date Posted: 19/08/2022

Today marks our first overseas trip for my family and we are going to JB in Malaysia. It’s common these days for Singaporeans to travel aboard, but not for us. For my parents, they thrifted and put together all their lifetime savings for our education. They got married 50 years ago and it is only now that we finally got a chance to travel together as a family together. My siblings and I are their retirement plan. You and I agreed that we cannot use our children for retirement these days, correct?

I set up a simple retirement plan for myself and my loved ones.

I live a simple lifestyle, 3 kids and my spouse in a public housing scheme – HDB.

I made it a point to set aside 5 figures monthly for my retirement program a long time ago. After setting aside enough for a comprehensive coverage to protect my income generation power, I put my cash savings into 3 different pots of gold nuggets.

First is a small one that holds only 3-6 months of monthly expenses. My monthly expenses are more than $10,000 as there are a few major monthly bills on therapy and special education for my three children with special needs. 

The second pot of nugget is where I put my cash into policies or instruments with higher guaranteed cash value & potential returns. They have interest rates or yield range of between 2%p.a. to 12%p.a. This is meant for medium to long term goals. I did a comprehensive and detailed cashflow calculator myself. Inside the spreadsheet, many formulas are being applied and this is after 22 years of my own research as well as learning from many financial experts. Frankly, the products to buy or use are not my top concern. Do you buy your furniture before drawing up your renovation plan? I did my renovation recently and I placed more emphasis on the people I’m using as well as their skill set. I also focus on the renovation plan instead of simply buying furniture or even buying furniture before I’ve the renovation plan. Likewise, my financial planning is being carried out by first understanding before planning – a budgeting before buying approach.

Many people bought a lot of furniture, and even after all these purchases they don’t even have a renovation plan for a financial plan yet. This would mean overspending, underinvesting and under-insuring or over-insuring, resulting in so much wasted money and time. Time value of money is the most important factor to be successful in your financial plan. Do not waste time buying financial furniture without a proper plan.

The last pot is where I will invest for an even longer term and will not be affected by any lifestyle or market changes. The key objective is to build up for a stream of steady flow of passive income. I will not be sharing details about the 3rd pot of gold nugget here. Please reach out to me personally if you like me to share details with you.

I save up for my family needs, such as education and therapy for my three children with special needs. At the same time, I am also my parents’ retirement plan. Today, I was able to go out with my parents for an overseas trip for the first time in my parents’ 50 years of marriage. I hope more of these opportunities can come by, but these opportunities can only be created with enough financial stability.

We take time to learn new things, to learn how not to waste time and resources. This video provides you with an overview of how I planned and took action for my retirement plan.

Why do I commit to financial planning?

Date Posted: 12/08/2022

Sometimes I find it worth sharing with you my journey, and the paths I picked that led me to become a financial planner, just so you can better understand me as a person. It has allowed me to help myself, as well as my peers, with living a fruitful life in this world.

Financial planning is not as simple as buying small and selling big; it involves a variety of strategies that involve time, dedication and knowledge. Knowledge is a form of power, and time amplifies that power, thereby converting it into future possibilities that you can achieve with your loved ones.

Inspired by the book “Rich Dad Poor Dad” by Robert T. Kiyosaki and Sharon Lechter.

Does annual travel insurance cover overseas study trips?

Date Posted: 15/07/2022

Our topic today is Does annual travel insurance cover overseas study trips?
The answer is NO. Why?

Click Here to watch!

The Richest Man in Babylon

Date Posted: 08/07/2022

I recently came across a book written by George S. Clason. In this book, he wrote 7 methods of increasing your money.

7 Cures to a lean purse

By George S. Clason

i. Start fattening thy purse.

“For each ten coins I put in, to spend but nine.”

ii. Control thy expenditures.

“Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings.”

iii. Make thy gold multiply.

“To put each coin to laboring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse.

iv. Guard thy treasures from loss.

“Guard thy treasure from loss by investing only where thy principal is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investment.”

v. Make of thy dwelling a profitable investment.

“Own thy home.”

vi. Insure a future income.

“Provide in advance for the needs of thy growing age and the protection of thy family. Increase thy ability to earn.”

vii. Increase thy ability to earn 

“Cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself.”

If thou art follows the 7 cures of a lean purse diligently and intelligently, thou art would be destined to be a very rich person without doubt. Good luck in your endeavors to be a rich person.

I hope that these few short sentences can benefit you in increasing your own money.

How do I measure success?

Date Posted: 01/07/2022

How do I measure success?

Click Here to watch!

How would you feel? – Importance of Comprehensive Insurance Plan

Date Posted: 24/06/2022

Recently, a fire broke out on a boat berthed at Marina at Keppel Bay. He was a client of one of my friends. He ended up having to claim S$600k of damages from his insurance company. Thankfully, no injuries were reported and there was no damage to neighbouring boats.

Click here to read more.

I would like to highlight the importance of buying good enough boat insurance for your boat. Some boaters chose to purchase small amounts of coverage, e.g. $25,000.00 for 3rd party liability coverage only which is a requirement by the regulator, MPA (Maritime and Port Authority of Singapore). In the event of the boat catching on fire or incidents resulting in the partial or total loss of the boat, the insurance company would only pay out at most $25,000.00 to the 3rd party. And you have to settle the balance claim amount on your own.

However, the boat would have cost a few million dollars to purchase. Furthermore, this is not including the cost of paying for any potential lawsuits, human life cost, medical reimbursement, damages to other boats or pier etc. Overall, the total amount of money needed to be paid out could be in the millions. Not even the high net worth persons would be able to have such a large sum of money on hand to pay for damages.

I think that boat owners should be responsible for your loved ones and passengers of your boat by purchasing a more extensive insurance policy with greater coverage. I think that it would not be fair to other boat owners or potential passengers should you only purchase a small insurance coverage policy. 

Additionally, this idea of responsibility also extends to other properties like houses and cars. You should be responsible for the people that might come across your property, loved ones and strangers alike.

As Confucius once said, “Don’t do unto others what you don’t want done unto you”. 

You should do what you want others to do to you. I hope that this short newsletter would highlight the importance of a sufficient insurance policy.

10 Ideas to improve your Cash Flow & beat inflation

Date Posted: 17/06/2022

10 Ideas to improve your Cash Flow & beat inflation

1. Figure out what you’re worth.

Look at all the assets you have, such as your house, savings and insurance policies and then look at all the liabilities you have, such as outstanding loang, commiliments to school fees for children, medical bills for elderly parents. Your net worth may be less than you think. But once you know where you are today, it will be easier to plan for good times and bad times.

2. Set your goals and figure out how much they cost.

Now you know what you’re worth, figure out what you will need to retire, to support dependents and to meet any major future purchases or expenses.

3. Spend less than you make.

A very basic rule! But not everyone does this, borrowing too much or hoping their income will be a lot higher in future

4. Build an emergency savings fund.

Especially in these times of job inspcurity, have at least 3 to 6 months of savings for the worst case (like losing your job). The money doesn’t have to sit in a bank account though: emergency savings can happily sit in money market funds or low risk bond funds, which are liquid and safe

5. Insure yourself against the unexpected

Obvious? Yes, but many forget to update their policies to provide adequate life or medical coverage Did you take out life insurance when you were single, and now you’re married with children? The coverage may not be adequate for your dependants If you had a misfortune.

6. Switch your home loan

A very effective step is to reduce the interest you pay on your debts – and home loan debt is usually the biggest of the lot. There are historically low mortgage rates available, but apathy and ignorance, mean many of Singapore’s borrowers are paying more than they need. Some company has better deals than at branches with some banks, and you could find a loan with rates as low as 2.0%

7. Pay off your credit card debt (or change credit card)

Although interest rates have come down, not many credit-card issuers in Singapore have reduced the rates they charge you. If you do not clear your balance each month you could be charged rates as high as 20%! So think about paying off the debt with a lower-interest personal line of credit, or look for & cheaper card

8. Cut Bills

You are probably not very careful with electricity usage. Power Supply allows you to compare online your consumption with average consumption of your house type. And their electricity audit calculator helps you to audit the energy usage in your home. And getting the best deal from you mobile phone company can also save you a tidy. With new entrants to the market such as Virgin Mobile, you should be able to find even better deals

9. Compare car insurance rates

Car insurance is not cheap! So never renew your car insurance without first checking quotes with rival firms or brokers. Premiums have soared in the past couple of years but a careful search could result in substantial savings. Check here for free instant quotations on car insurance

10. Save money when you invest 

When you invest in unit trusts, how much return are you looking for and does it meet your target? Also, does your advisor give you the advise and services you want? 

Presented by Andrew Ang

Too Good to be True?

Date Posted: 10/06/2022

Click Here to Watch the Video I made about this!

Too good to be true?

Recently, money scams are on the rise. Phishing Scams, Investment Scams and Love Scams just to name a few. I would like to share a few scams that I have personally came across. 

1. Land Banking Scam

Land Banking in simple form is buying a plot of undeveloped land, holding it and selling it for profit to a developer. I would like to mention that not all land banking schemes are scams, but without the right homework and research, you could fall right into a land banking scam. 

Click here to learn more

2. Gold Scam

The gold scam that I encountered was the Genneva gold investment scam. They promised 2% monthly returns if you deposited gold with them. However, they ended up selling or pawning off the gold they had collected from clients. Customers would not receive their gold as the company defaulted on return gold to clients. I did not commit money or gold into this company as I felt that 2% returns was too good to be true. 

Click here to learn more

3. Crypto scam

There are so many people talking about blockchain and crypto past few years. Sadly, most people I spoken to cannot explain to me what they’re investing. I learned about this young man with a software got a wealth of USD40,000,000,000 with the software written know as Luna coin. Alot of my friends keep chatting about the crypto in my whatsapp chat groups. Even clients are asking me to help them to invest into crypto. That reminded me of the The Tulipomania where a tulip flower sold in the 1636 could easily worth a house in term of value. 

Click here to learn more

I am sharing these experiences to hopefully help you avoid falling into these scams yourself. Also, I would like to share how to better improve your investment strategies and methods

Here’s three key money management strategies you ought to do:

1. Make less mistake
2. Never make the same mistake and have faith
3. Investment success is the fruit of your preparation and the courage to pursue

1. Make less mistake

Investment is like a playing sport. The less mistake you made, the less penalty given. Tiger wood is very good at playing golf and he seeks to perfect his swing more than 10,000 times. “I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times” Bruce Lee. Bruce and Tiger think alike and I am sure all the gurus think alike. You and I have witness many scams around us, most of the scams make use of people trust and emotions. This is why some time people feel super upset about what had happened. If it’s too good to be true, likely it’s too good to be true. I remember I persuaded my primary school classmate promising her a passive income of $2,000 monthly only in 20 years time. Another friend came to me at that time and told me i can immediately receive $2,000 monthly passive with just $100k investment. This was too good to be true, although he keep saying i am his good buddy. 

2. Never make the same mistake and have faith

Trading relationship for investment is a big mistake I saw people making. This is why people do not trust friends especially on money matters these days. I am glad that people are abit wise these days, however not wise enough in my humble opinion. We have to be very clear with this term: value system. We all have a value system deep inside us. I usually get people to fill up a detailed client application form and interview them about value system on money before I decide to accept them for holistic financial planning. My commitment is too high to make as my planning is comprehensive and holistic, it will take too much time to start that relationship. I won’t want a client who keep making the same mistake and not learning from their mistake. The worst that could happen is they lose faith and point finger at me. NO, this is not what I am thinking. The worst thing about losing faith is like you quit the sport/ game without a good commitment. Don’t mix value system and relationship together. There are two different things all together isn’t it?

3. Investment success is the fuit of your preparation and the courage to pursue

“Sucess is where preparation and opportunity meet” Lets meet up and allow me to share how to improve and prepare for your investment success. Most of my clients will do these things for their preparation. I hope to meet you to discuss how can assist you to become better in your own investment.

Client Movie Appreciation!

Limited Spaces! Register Now!

Minions 2: The Rise Of Gru – 3 Pairs Left

Sponsored LPA!

Click here to register!

Why did I change my career?

Date Posted: 03/06/2022

Special Needs Financial Planning

I made this video as I want to share with you the reasons behind making such a drastic change in my career and why I chose to be a financial planner.

Click here to watch my video!

Client Movie Appreciation!

Limited Spaces! Register Now!

Jurassic World Dominion – Front Row Seats

Minions 2: The Rise Of Gru – 3 Pairs Left

Hope you like my books, it was the best seller at Kickstarter & all 4 volumes can be found at the National Library or Amazon. The most motivating reason for me to publish my books & mail u, is to gift the Lasting Power of Attorney to your loved ones. Redeem your 2nd gift here : https://lastingpowerofattorney.finance Worth $288

New Partnership with NTUC Income

Date Posted: 27/05/2022

Dear Readers,

I am pleased to share with you our new partnership with NTUC Income to secure long-term disability care for our clients.

Such care is increasingly important for clients during their golden retirement years, due to rising medical costs and lack of income during this period.

Long-term disability can occur due to these 3 reasons:
Chronic diseases such as stroke and diabetes
Old age with health deterioration
Accidents

Our clients can now have the option to upgrade their existing CareShield Life to qCare Secure that provides a monthly income for the whole life, should they be unable to perform Activities of Daily Living ( ADL ).

A good rule of thumb would be to secure at least $2000 to $4000 monthly payouts to help offset the costs of nursing care and daily expenses.

You can visit the link below to see how the premiums look like for the benefits given:
https://bit.ly/LTC-Income

Premiums are locked-in based on your current age, hence it would be good to look into this early. Another additional benefit is to lock in your good health status, such that you can be covered fully on standard terms. You can also use up to $600 yearly from your Medisave to fund for this.

I am sure this can be a useful supplement to your existing protection portfolio, and I am currently reaching out to all my 2000 clients to help them review this area.
Do have a look at this and my office can arrange a convenient time for us to discuss further.

Click here for our client reward activities
Website: https://privatewealth.sg/blog-post/
FB: https://www.facebook.com/SGAndrewAng/

Thank You

P.S. This is our June Client Appreciation

1. “Jurrasic World Dominion” @ The Cathay Platinum – 2 Pairs Left

2. “Minion 2: The Rise of Gru” @ Shaw Lumiere PLQ – 3 Pairs Left

3. Very Special Gifts – Mail out by 1st June 2022

Failure is not an option for me

Date Posted: 20/05/2022

Dear Readers,

There are many secrets inside me that I dont know how to bring up to you. I thought that this is an appropriate time for me to share. I would like to share with your why I decided to change my career, why I chose to be a financial planner and how I managed to reach where I am today. This story is very close to my heart as it shares the struggles I have been through, things I did to help myself and how my “Failure is not an option” mentality helped me.I hope that you use 10 minutes of your day to watch this video that I have created for you all. I am truly thankful for each and every one of you, my clients, friends and colleagues. Thank you. Click Here  to watch the video.

What to know before buying a car?

Date Posted: 13/05/2022

Dear Readers,

I would like to share with you a interview I did with Straits Times awhile back of what you should take note of before buying a car.

The revised vehicle financing restrictions announced by the Monetary Authority of Singapore in late May prompted interest in potential car buyers, but as with any big ticket purchase, it is best to find out what car ownership entails and the impact on your finances. For cars with an open market value (OMV) of up to $20,000 buyers can borrow up to 70 per cent of its purchase price. Previously, the maximum loan-to-value ratio was 60 per cent for such cars. For vehicles with an OMV above $20,000 the loan-to-value ratio has increased to 60 per cent.The maximum loan tenure has also increased to seven years instead of five.But before you commit yourself to a vehicle loan, take stock of your other financial commitments and check if you can pay off your loanswhile maintaining a comfortable cash flow.

WHEN IS THE RIGHT TIME TO BUY?
Mr Andrew Ang, a wealth coach and a financial service director at a financial institution, said: “Instead of asking if this is the right time to buy a car, the question every interested car buyer should ask is, ‘Is this the right time for me to buy a car?'” The focus should be on your financial health and ability to afford a car without straining your finances.”The amount required for downpayment and subsequent hire purchase monthly instalments are only part of the cost of car ownership.What other financial commitments do you have? Mr Ang’s advice is to keep the total amount you have to pay for loans every month to less than 30 per of your monthly take-home pay. Most car loans use simple interest with the interest charges calculated on the principal. You pay interest based on the outstanding loan amount. Make timely payments to avoid incurring hefty late payment fees. Mr Ang said: “There are different reasons why people choose to drive. For some, driving may be a lifestyle choice. Some may need a
car for work or family. But you must match your needs and wants with affordability.”

COST OF CAR OWNERSHIP
Ms Jasmine Goh, a financial consultant pointed out that car buyers should factor in other costs of car ownership apart from its purchase price. Her advice is to keep your monthly expenditure on your car loan and driving to no more than 20 percent of your earned income. Car owners need to content with fuel and parking charges. Yesterday, it was announced that public parking charges will rise as much as 27 per cent from this December. In the city area or Restricted Zone (RZ), drivers will have to pay $1.20 per half an hour, up from the current fee of $1. Outside the RZ, parking your car will cost $0.60 per half hour, up from $0.50. Monthly season parking rates will also increase from $15 to $20 for each household’s car. Households can also expect to pay more parking fees for any additional car. Drivers should also set aside money for car maintenance, car insurance and road tax. There’s also the possibility of incurring fines and charges if you commit any vehicle-related offenders.

DO YOUR SUMS
Mr Chee Bing Foong, an executive life planner for an insurance and financial planning agency, advices setting aside savings to cover three to six months of your living expenses. This includes monthly financial commitments and expenditure on any other loans, food, transport and housing commitments such as rent or mortgages. Do a rough estimate on your ability to afford a car. To determine your budget, Mr Chee recommends setting aside between 10 percent and 20 percent of your income as savings. Deduct the total amount you need for your other monthly expenses. The remaining portion will give you an indication whether you can afford to buy and own a car.

SHORT TENURE VS LONG TENURE LOAN
The revised restrictions now gives you a longer time frame to repay your car loan, but you should also think of other financial commitments you may take on in the future. For instance, you may plan to buy a new property. Think ahead and plan your finances for the next three to five years before you decide on the car loan period. Mr Samuel Oh, a senior executive at Efizzig Credit, a vehicle financing company, said that car buyers need to be certain of their finances before committing to a car loan. Deferring payments due to cash flow issues can cost you more in the long term. Mr Oh said: “Keep in mind that paying off the remaining of your car loan earlier than the agreed loan period will not necessarily save you money either. For instance, if you have three out of seven years left in your tenure, you will not be saving on interest fees by early repayment. In fact, some financial institutions may charge a penalty for it.”

Movie Appreciation Day!

Date Posted: 06/05/2022

Thank You. I am happy, grateful and blessed to have such Amazing clients like you! 

 Over the past years, My agencies and I have received many awards for the quality service to our countless clients. Receiving these awards would not be possible without your continued support. Thus, I would like to thank each and every one of you for your support towards me and my companies, allowing us to reach these levels of success.

 We pledge to persevere and to do our best for each of our clients, while diligently following up with them and being ethical at the same time. Hence, I assure you that your finances are in good hands if you were to engage with me. 

 To celebrate our own Friendship Day, I want to invite you to bring your best / good friend. Now, you may wonder: Why is it FSD? It’s my birthday in June and I really feel friendship is something really very important in life, I’m sure you agree too. Enjoy your evening lounging in Gold Class / Platinum Suite hall for a premier experience.

 Make your movie choice here now! 

*Do note that the final chosen movie will be subject to availability and based on majority of votes.

Join us for a Global Market Outlook Webinar!

Date Posted: 06/05/2022

Join us for In Conversation: Live Well Series, Global Market Outlook
With the COVID-19 pandemic, the world has changed and evolved tremendously. Join us for this webinar and discover what the future holds for the asian market.
This session is presented live from Hong Kong by Ken Wong, Client Portfolio Manager and Director from Eastspring Hong Kong

Webinar is Happening on 11 May 2022, 7pm – 8pm!

Click Here to Join!

“Values Come First” – Story behind my Agency Name

Date Posted: 29/04/2022

I want to take this opportunity to share with you why my agency name is called Values-Led.
Here is an interview that my colleagues from Values-Led did that was featured and highlighted in a magazine article!

Keith Ang and Corinne Yeo have no qualms about going the extramile for clients, even if it means dedicating a weekend to helping out at a client’s wedding and taking time off work to lend a listening ear to another client suffering from post-natal blues.
For them, they are simply living by Values-Led Planning Group’s motto “Serve first, last and always”.
Keith and Corinne are financial planners with Values-Led, an authorised
representative of HSBC Insurance (S) Pte Limited. But the relationship they have with clients has clearly gone beyond that of buyer and seller.
“The most satisfying aspect of my job is when I can turn a business relationship into friendship, when clients trust me enough to involve me in almost all aspects of their lives,” said Corinne, an associate manager.
Keith, a unit manager, explained that the opportunity to make a difference to someone else’s life in times of need is one of the reasons he chose the job after graduating from a local university where he majored in building and estate management.
The 28-year-old recounted how an insurance policy helped his family avert a financial crisis in his teenage years.
“My mother was diagnosed with breast cancer but thankfully she had health insurance. The money from the insurance helped tide us over that harsh period,” he said, adding that the incident also influenced two of his three siblings to join the insurance industry. The importance of insurance had also been impressed upon Corinne, 32, from an early age when her family was stranded with financial commitments because of her father’s illnesses. So when her husband, who is also a manager at Values-Led, suggested that she join the company two years ago, she agreed after some serious thought, although she was then earning a comfortable salary at an oil trading company.
“I took a pay cut when made the switch but I knew then that I would be in this for the long run as there are lots of things to learn,” she said.
Recognising that the commission-based nature of the industry can be tough on new entrants, Values-Led recently introduced an incentive allowance for recruits who meet a
minimum sales target.
Keith noted that time and patience are essential if you wish to build meaningful relationships with clients.
“You are helping your customers with long term financial planning and it could be a 20- or 30-year relationship you are cultivating. So you should not join this industry with the aim of wanting to make as much as you can in one to two years.”
In Corinne’s case, her job allows her to spend more time with her three children and with people in general, such as the client who was suffering from post-natal blues. “She just needed someone to talk to and I was glad I could be there for her.”

“Values Come First” – Story behind my Agency Name

Date Posted: 29/04/2022

I want to take this opportunity to share with you why my agency name is called Values-Led.
Here is an interview that my colleagues from Values-Led did that was featured and highlighted in a magazine article!

Keith Ang and Corinne Yeo have no qualms about going the extramile for clients, even if it means dedicating a weekend to helping out at a client’s wedding and taking time off work to lend a listening ear to another client suffering from post-natal blues.
For them, they are simply living by Values-Led Planning Group’s motto “Serve first, last and always”.
Keith and Corinne are financial planners with Values-Led, an authorised
representative of HSBC Insurance (S) Pte Limited. But the relationship they have with clients has clearly gone beyond that of buyer and seller.
“The most satisfying aspect of my job is when I can turn a business relationship into friendship, when clients trust me enough to involve me in almost all aspects of their lives,” said Corinne, an associate manager.
Keith, a unit manager, explained that the opportunity to make a difference to someone else’s life in times of need is one of the reasons he chose the job after graduating from a local university where he majored in building and estate management.
The 28-year-old recounted how an insurance policy helped his family avert a financial crisis in his teenage years.
“My mother was diagnosed with breast cancer but thankfully she had health insurance. The money from the insurance helped tide us over that harsh period,” he said, adding that the incident also influenced two of his three siblings to join the insurance industry. The importance of insurance had also been impressed upon Corinne, 32, from an early age when her family was stranded with financial commitments because of her father’s illnesses. So when her husband, who is also a manager at Values-Led, suggested that she join the company two years ago, she agreed after some serious thought, although she was then earning a comfortable salary at an oil trading company.
“I took a pay cut when made the switch but I knew then that I would be in this for the long run as there are lots of things to learn,” she said.
Recognising that the commission-based nature of the industry can be tough on new entrants, Values-Led recently introduced an incentive allowance for recruits who meet a
minimum sales target.
Keith noted that time and patience are essential if you wish to build meaningful relationships with clients.
“You are helping your customers with long term financial planning and it could be a 20- or 30-year relationship you are cultivating. So you should not join this industry with the aim of wanting to make as much as you can in one to two years.”
In Corinne’s case, her job allows her to spend more time with her three children and with people in general, such as the client who was suffering from post-natal blues. “She just needed someone to talk to and I was glad I could be there for her.”

Helping People, Changing Life, Simplifying Matters – Mental Wellness Fundraiser with Caregivers Alliance Limited

Date Posted: 22/04/2022

How mental health Changed My Life!

Understanding and improving mental health, this topic motivate me!
Many caregivers like me face developed issues like depression, anxiety & other health issues because of taking care of loved ones with mental health conditions. Our daily lives can be very challenging (bad bad bad day). Maintaining a relationship with someone you love is already not easy, imagine if he/ she is suffering from depression, bipolar disorder, schizophrenia, or other psychoses like dementia, and developmental disorders. Are you willing to lend a shoulder or a finger PLEASE to help them? As an advocate & volunteer trainer on support for mental health myself, here’s a video I made sharing my personal experience

You can also help to change a life, especially people around you, please click and share
Because you BELIEVE, the books reached many people. I spend thousands of hours yearly volunteering to help the needy family to perfect their care plan, take their worries away and allow them to focus on their loved ones. 500 families benefited because you believed.

Emotional and mental state of caregivers/parents with mental health child
In the early part, I wasted a lot of time on self-talk. Asked myself what I did to have a son with autism and felt guilty. Growing up with him, I felt lonely as it seems like this world was not designed for him. The special needs school doesn’t provide the expensive therapy – speech & occupational therapy. Apart from the challenges that I faced daily, the government did not even have medical insurance for him then. I felt lonely as I felt so helpless!
My worries as a parent – What if I lost my mind or suffered from a premature death?
Maybe my so-called challenge or problem would be gone when I’m not physically here or mentally here anymore. Still, it is something I think and worries about almost every day.
WHAT IFs – What would happen to my family?
I’m sure you heard horror stories about how some parents end their life with their special needs children. Why did they do that? Maybe they knew it was very challenging to find another caregiver that would be willing and committed to providing the Tender Loving Care to their loved ones.

Helping people
With this fundraiser campaign, CAL would be able to reach out to more caregivers of persons with mental health issues. Contributors to our fundraiser will directly aid the caregivers in providing for their loved ones. Additionally, as a thank you gift, you will receive one of our estate planning books our appreciation for your support in our cause.

Changing Life
This fundraising campaign will enhance CAL’s ability to raise awareness among fellow Singaporeans of what the non-profit organization provides for the caregivers who are not aware of this organization and the benefit it provides.
At the same time, caregivers can understand and procure more information on LPA and will to allow mental health patients to 活的像个人.
Influencers can spread positivity around Singapore by actually raising awareness by simply just sharing this video on their social media story and posts so that it reaches out to more people. Now you are admired as an influencer and positive role model for your beliefs in the right causes.

Simplifying matters
As a result of this wholesome campaign, CAL can now focus exclusively on supporting mental health caregivers by meeting the needs of caregivers of persons with mental health issues through education, support networks, crisis support, tailored services and self-care enablement.
For caregivers of persons with mental health issues, you can now be Happier, having strengthened relationships with your loved ones after drafting out your LPA and Drawing your own will. You can live with lesser guilt since you have now planned a perfect care plan for your loved ones when you’re not around.

Importance of financial planning and recovery

Date Posted: 15/04/2022

Not about ill, bill or pill

I am currently hospitalized after going through an operation on my left hand. Doctors have told me that the procedure went well and I should gain back my left-hand mobility after a few months…

I got this injury when I fell down off my mountain bike tearing 2 ligaments on my left hand wrist. Doctors told me that I would suffer from arthritis due to this injury if I don’t go for my operation. I was saddened and frightened by this news. I thought to myself, this injury has already affected my lifestyle, and with the scope of my job, I need both my hands to be fully functional to serve my clients well. Would this injury affect my job? What about my finances? I told myself that if I could recover from my autoimmune disease, I would be able to recover from this injury too.

The operation that I went through cost about $40k – $50k. This was a sizeable setback from a financial standpoint for myself and my family as we were already facing family commitments costing 6 digits annually.

However, I had to go on with the operation for my job and my family. Thankfully, I was comprehensively shielded from the brunt of the financial load due to my extensive annual insurance plans which covered me financially for any scenario that would occur during and after my operation.
Now, with doctors assuring me that things went smoothly in the operation, I can finally look forward to returning to my normal lifestyle as a responsible father husband and a son.

Thus, do not worry about me, I am ok and recovering steadily

Microplastics Found in Human Blood?

Date Posted: 01/04/2022

Apart from the Covid-19 pandemic, another uprising issue is the pollution of microplastics. Can You believe that Microplastic are Found in Human Blood?

Research states that scientists discovered that 17 out of 22 people have micro plastics found in them. This poses as a huge threat, as health risks of the particles are undetermined by scientists. This may ultimately affect our quality of life and life expectancy, we can never expect what may happen to us. Even consumables with plastic packaging such as a bottle of water is not advised to be consumed as micro plastics may be flushed down with the water during consumption.

With these added health risks it is important to be prudent with planning our Finances to guard against any complications of our health!

Here are Some Tips to Reduce Microplastic Consumption:

1. You may also be more vigilant of consuming beverages and food via any plastic packaging.
2. Be more cautious on your Disposal Habits, throw your trash the right way and at the right place.
3. Use reusable cups,straws and containers for your orders!
4. Reduce Usage of One-Time use Plastics
5. Invest in plans to Guard against any potential Health Conditions for yourself and your loved ones.

Prevention is better than cure!

Inspired By Love, Motivated By My Root – Grassroots

Date Posted: 25/03/2022

Ever heard of NOT GOOD Enough value system? Growing up in a village and poor, my parents often taught us – that we can always be a better version of ourselves. They wanted us to have strong self-motivation to do our work better. My siblings and I appreciate this teaching and most importantly, the sacrifice our parents have made for us. Inspired by love from my parents, I worked very hard and studied even harder. Sworn to every single client a big return by being my best dedicated, committed self. Putting 18 hours daily for the past 21 years. With 4 chartered certifications and probably the only person with the most and highest education qualifications, the achievements yearly just come along naturally. Due to this unique upbringing value system, we strive to be good enough person, and help us stay motivated because we are part of the grass root people. Last year, I graduated with a chartered certification as well as an advanced diploma in wealth Management offered by the prestige wealth management school, WMI.

I have always been dedicated to Perfecting myself yearly. Each year I try to enroll myself in new courses/certifications and skills to always improve myself and be a better person than I was yesterday, this includes skills, values, and knowledge.

And that is why our Values Led philosophy is to Serve First, Last, and Always. We make you our priority and work on ourselves to serve you better. Besides, change always starts from within.

Over the past year, My agencies and I have received many awards for the quality service to our countless clients. Receiving these awards would not be possible without your continued support. Thus, I would like to thank each and every one of you for your support towards me and my companies, allowing us to reach these levels of success.

Being part of this journey molded us to give only the best services that clients deserve and give you personalized care catered to each individual. Many of our clients entrusted us with their personal financial needs as well as corporate benefits/ insurance needs and we believe that we have achieved one of the highest capabilities in the Finance/Insurance industry, with your best interest in mind.

We pledge to persevere and to do our best for each of our clients, while diligently following up with them and being Ethical at the same time. Hence, I assure you that your finances are in good hands if you were to engage with me.

In celebration of receiving the awards, Raffles Provident LLP will be having a collaboration with Excel Car Service Centre Pte Ltd. We would be giving out reward vouchers worth $500 especially for you* – Complimentary Lasting Power of Attorney certification + Complimentary Car service voucher. With more than 20 years of car service and repair experience, Excel Car Service Centre Pte Ltd. is well-positioned for all major brands including luxury cars to give you peace of mind during car servicing.

Every client will be given a professional car service package should they support the comprehensive coverage for pleasure craft insurance and motor car insurance offered by Raffles Provident LLP’s list of represented insurance companies.

T&Cs Apply
A Voucher will be issued to anyone who purchases or renews ANY comprehensive pleasure craft and/or motor insurance in 2022 with Raffles Provident LLP.
The voucher will only be applicable for first-time customers of Excel Car Service Center Pte Ltd.

Additionally, I am honored to arrange a very special birthday gift and designer birthday cake, especially for you. The birthday gift will be given out during my birthday. I often think my birthday and your birthday is the first excellence and all of us are made of excellence.

Please pm me if you have any questions/ support needed.

Join Us for an awesome career!

Date Posted: 18/03/2022

In recent years, surveys have shown that more Singaporeans are considering changing jobs due to dissatisfaction with their current employers. The lack of satisfaction emerged mainly due to the Covid-19 pandemic that has been raging. The pandemic has changed the dynamic of workers and their needs and demands have shifted as such. This phenomenon has already been observed in the United States and Europe.

Employees have reported that an increase in workload, increase in stress, and more has led them to consider switching employers by the first half of 2022. On the contrary, employees also reported that higher compensation, flexible working options, and career progression were the reasons that employees are still continuing with their current employers.

To find out more about this issue Click Here

With the looming “Great Reshuffle” occurring in Singapore, we are looking to hire new employees and expand our team. Here is why you should consider applying for one of our available positions!

We are an established player in the General Insurance market specialising with companies and high net worth individuals. We have an experienced team of professional consultants that provide invaluable advice to our clients. We also have incentives and benefits for all our employees to enjoy.

We have 2 Available Job Positions Right now:

• Business Manager
• Financial Consultant

Tips of the day.
Do you mind receiving extra $1,000 cash and at the same time helping your good friends? Look out for friends who are looking to excel in life and refer him/ her to her, you will be rewarded with a $1000 referral fee and strengthen a great friendship. Hurry now!

Contact us at for any queries
Phone: +65 8448 7168
Email: andrewangch@pruadviser.com.sg

Influence of Digitalization

Date Posted: 11/03/2022

The Digital World is everchanging and has integrated with our daily activities more than ever before. The use of Digital Platforms has heavily impacted us on the choices we make, from choosing where to eat for dinner and what products to buy for our home.

I believe Digitalization has made our lives easier and quicker. Who would have thought that we can shop through our phones and make payments right from our fingertips? Digital Marketing is something that is strategically placed everywhere to influence our actions, especially on our phones. In this day and age, data is even more valuable. Consumers currently have access to unlimited data and this makes us as consumers even more knowledgeable about our products and places where we can get them for a good deal. We even have access to websites and guides 24/7 to retrieve reviews and personal experiences of the products.

This has made consumers even pickier and increased competition between companies. But with that, a good Marketing Campaign can help consumers choose the right deals for themselves. It is important to have good marketing strategies to attract consumers to buy a product at the end of the day. One of which is personalization, developments in the Data collection and AI (Artificial Intelligence) has made it possible to cater to each and every consumer’s personal needs and create segmentation to provide consumers with the products they need and eventually encourage them to buy the end product.

It is the same in the Insurance industry, a well-placed and personalized product will likely get purchased rather than a generic one. This is why I always try my best to understand each and every concern and need of each of my clients and suggest products that they need and will help with their overall Financial Help. This is another reason why I always keep in touch with my clients and keep myself updated on their life journeys to better cater to their needs. Your needs are always my top priority.

Importance of Self-Care

Date Posted: 04/03/2022

I am tested positive for Covid-19 today and many have sent their words of encouragements. I have to live my life like there is no tomorrow. Everything I do, I give my 100%. When a comment about dying due to covid-19 was made, my immediate thinking is I have no regret. Beside the dealth rate, I worry more about the side effect or long term effect we might experience. This newsletter was written before the ART test and the timing just seem perfect isn’t it? Here’s something I hope you can take away to improve our quality of life. Please pass it on if you feel it benefited you or your loved ones.

With all that is going around in this world, easpcially these past 2 years, things can get a little overwhelming.The pandemic has caused us more worries and financial constraints, to add on to that recently there has been more conflicts within the East and the West. Therefore it is essential to learn and implement choices and habits that will improve your lifestyle. We should give Importance to Self-Care.

There are many reasons that can cause Burnouts in individuals, some of which are universal and most are unique to each individual. The 3 types of Burnouts are physical, behavioral and emotional. There are many ways you can identfy and classify the symptoms of burntouts.

Physical Burnouts → Change in appetite or sleep, Change in Habits, Getting sick more often, Unknown reasons for Muscle Pains and Headaches, Feeling tired most of the time, etc..
Behavioural Burnouts → Withdrawal from responsibilities, Distancing yourself from people, hating the things you used to love, easily irritable, loosing track of time, etc.
Emotinal Burnouts → Self Doubts, Helplessness, Feeling lonely, Easily loosing motivation, etc.

These are some symptoms of burnouts that you can identify, you may use this Self-Assestment Tool to Identify your level of Burnout. Click here!

There are many ways you can tackle your burnouts and give yourself the care you need. If you have been following through all my previous newsletters, you may know that I have been implementing Self-Care systems to improve my livelihood. One of which is MDRT Whole Person Concept. Let us recap once more, the elements of the concept as shown below.

Source: https://www.facebook.com/MDRTAcademyOfficial
Learn More Here!

These are the different aspects you can plan out to improve on, you may set goals according to what you can achieve for each element. Balancing foundational aspects of your life is the key to becoming successful in facing burnouts. Check out my previous newsletter to find out what I did. Find an action plan that can work well with your routine. It can be as simple as making your bed in the morning or having a short stroll around your neigbourhood. The Action Plan can be divided into 4 Catergories.

A Life-Changing Decision

Date Posted: 18/02/2022

Many Years ago, I made a life-changing decision to join the Financial Industry knowing nothing about it. I made this choice due to a few underlying reasons and I do not regret anything about it.

As a young man, I was struck with many challenges, one of which was when my mom fell ill and the only thing that could help her was an Insurance policy. This impacted me greatly and made me ponder on how many others were as lucky as my mom. This made me realize that if I were to work in this industry I could help others like me and even myself and my family. Ever since I was young I believe I was more prudent than my peers and had advanced literacy on personal finance management. Meaning, that I was more conscious of my spending and learning about how to put money to good use.

Joining this industry also helped me achieve my life goals earlier and be the influence to create awareness on the importance of financial planning and stability. In an interview with the Straits Times, I have mentioned that I had faced many challenges at a young age, especially when my daughter was born with a heart condition. Throughout my life experiences, I was able to better myself in the knowledge of financial literacy and it eventually benefited my finances for my family and me.

I am glad I joined the Finance Industry, being a Financial Consultant allowed me to avoid the corporate rat race and gave me the flexibility to manage my own time. It even gave me uncapped earning potential and multiple career progression options. As a young man, I had an endless amount of energy to achieve my goals. That hard work paid off and now I am a Director and Agency Leader of my agency that I built myself, along with the help of great people I met along the way, whom I am proud to say that they are my dearest partners of my agency and earning their friendship for over 15 years. Not forgetting the V.V.I.P. VVIP simply stand for the Very very important people and they’re my clients. Whatever we are doing it and be it upgrading ourself with more education/ trainings, becoming more skilful, create more products & services and following up very closely is all because of our clients.

This is why our agency tagline is: Serve First, Lasts and Always.

If you are Young Aspiring Individual* :
-Who has advanced literacy on personal finance management amongst peers

-Looking for a possibility of achieving life goals earlier in life

-Who wants to be an influence amongst your peers to create awareness on financial literacy

-Who wants to avoid corporate structure/rat race

-Looking for Flexibility in managing your own time, uncapped earning potential and career progression options

*studying or have recently graduated with a Local Diploma or Degree.

Fret not! I have just what you are looking for!
Send an email to andrewangch@pruadviser.com.sg for any queries.

What is the one thing your valentine really wants from you?

Date Posted: 08/02/2022

Valentine’s day is just a week away, and I’ve news for all that celebrate and don’t celebrate. Valentine is NOT about celebration!

I was harvesting my Cassia Tora (Jue Ming Zi) Seed, a popular Korean coffee tea. Building a relationship is like growing plants, sometimes you get it, and sometimes you don’t. With enough effort and commitment, there might be some harvesting. Yet harvesting or the result of the relationship is not the most important thing, it is the journey and that unique experience that help to define the relationship – your Valentine.

Maybe some men think it’s about candlelight dinner and maybe gifting diamonds. I’m afraid you might be wrong. It’s definitely not about money. If it’s about money, why would Mr. Gate (Microsoft) or Mr. Bezos (Amazon) be divorced? What men and women want might be different and could be the same thing.

Not trying to complicate stuff here. Being a financial planner focusing on family financial plan myself for more than 20 years, I’ve seen enough. At the end of the day, why are we working so hard and sometime being too hard on ourself? My financial plan is always build upon the person or the family values and you can see here from my website, www.values-led.com. I’d accept clients with good value system and this is why a client application form is needed before starting the client-planner relationship.

For example, a client might said what’s important about money to me is because I wanted my family not to suffer anymore while growing up. And what’s important about the key word suffering is client feel love for family is about provided good enough comfortable lifestyle for his family. The value he had is love and commitment. He’s committed to work hard and sometime being hard on himself to provide the best to his loved ones. We all know there are many ways to express and provide love and commitment. One might not realised it untill it’s too late.

With the implementation of the MDRT whole person concept and as well as good communication within the family will help to provide a better family value system. A good family value system is form when everyone in the family, especially the parents being the role models, have to constantly instill it. A strong family ensures everyone is kept safe & secured. Tender loving care is a lubricant constantly needed to keep the relationship smooth, good communication & good faith help keep the family strong and everyone can rely on each other.

Valentine should be celebrated continuously, not just one day of the 365 days. Valentine is not a boy-girl relationship, Valentine is a reminder for us to stay true and focus on our relationship with our loved ones. That’s the value of having Valentine’s day on 14th Feb annually, a nice reminder.

LiChun, a true philosophy in investment

Date Posted: 04/02/2022

This is actually not the best way:
Many believe depositing the money in the bank is a great way to start the year in terms of money management. After one year of depositing that $100 in a saving account, you receive 2.5cents and usually, people throw away 5 cents.
Think about it again, doesn’t make sense or does it make sense?

But what I think is the best way is to:
Have a proper plan instead of merely following the crowd and the “usual practice”. It’s proven that the common or usual way in money management will not make you rich or financially independent. Contrary to what some say, LiChun is a myth or superstitious belief. LiChun is scientific and mathematically proven good practise of us to continue this tradition. Thousands of years ago, according to research, today (LiChun) is the best time to sow your seeds for a good harvest. I’m sure you will agree with me that a good farmer will not start his farming without a good plan.

A good farmer will have drafted a plan, have a good proven system and a good monitoring process. He will deploy the right resources with his abled man or adviser so that the whole plan is strategically optimized. For example, transferring money from your wallet or another bank account to another account simply doesn’t make sense? What I am doing today for Lichun is to start a systematic and disciplined process of saving and investment with supporting research I have studied and done. Just for today, I will put in 6 digits of my saving resources to an investment platform. This platform is something I have been using for the past 20+ years and have yielded good results after many rounds refining and fine tuning, through a learning curve. Before the month of February, I have put in place protection strategies. Just like what people have done for over thousands of years ago; protecting themselves, their loved ones and their wealth.

I review my insurance protection yearly, as my needs as well as my wealth status change every year. What I have done 20 years ago or even last year is outdated. Many changes in terms of product renovation as well as our family needs is something that will indeed impact what I have planned last year. I have a water-tight plan for protection, saving, investment, retirement, and legacy plans. This ancient wisdom is taught years ago, many of us struggle to do our own research and step into the field. Do not blindly follow what everyone says, do your own research, this precious effort of yours will guarantee to serve you very well. Work smart than work hard, my dear friends.

Here are some simple tips:
      1.Invest within your mean
      2.Spend under your mean
      3.Save beyond your mean

Only invest in things you truly understand and make sure the risk in that investment makes sense and only what you can afford.

Overspending and spending future money has become not just a societal issue, the government is also hooked! As role models ourselves, not only do we have to walk our own talk, we have to instill self-discipline and pamper ourselves only when we have the mean.

With a disciplined monitored spending budget in place, you can target to set up a saving plan with at least 50% of your take home. This combined with your CPF and SRS contribution surely will make you financially stable and independent.

Do not pin any hope on winning the $10M Toto, pin your hope on yourself, not gambling.

Enjoy the BIGGEST & BEST Comprehensive Pleasure Craft and Motor Insurance Deal from Raffles Provident! Get an Ang Bao worth $500* this Tiger Lunar New Year with any purchase of any Comprehensive Pleasure Craft and/or Comprehensive Motor Insurance from us! Hurry! Don’t miss this Huat offer.
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Why Personal Accident & Critical Illness Coverage is Important

Date Posted: 28/01/2022

In November 2021, I had a fall & I knew something was not right. I have a few goals in mind for the year 2022 & I cannot afford to let it go…Home renovation, Advance Diploma study & Million Dollars Agency award, thankfully I have cleared the Chartered certification & Million Dollars Round Table goal in year 2021. I continue to press on…Some friends say you are no longer young & next year you’re 49 years old. I was thinking precisely that I am not young, I will need to be mindful of my health, myself & my loved ones. Buying a house is one thing, turning it into a home is a non-negotiable goal for me.

I am experiencing what I have been telling people ,Going through difficult time like this, turning hell to heaven.

If you know me, you know that I give special attention to keeping myself and my family covered for any situation. And I am glad that I took the time and effort to thoroughly cover myself and my family. Recently I have been in a cycling accident and I injured my wrist. At first, the pain was manageable, and didn’t think too much into it, but I got myself injured again at the same place for a second time after a few days since the first incident. Those who know me know that I am into a lot of DIY work myself and some can be quite advanced skill sets. I am in the midst of preparing my new house for a home. I have been doing some DIY Renovation work for the new house along with the professionals to speed up the process, we all know there is a shortage of manpower everywhere due to the covid-19 situation. Fortunately, many friends came to assist me & I don’t have to use too much of my left hand for all the DIY work.

I really wanted my house to be ready before the LNY and I focused on the renovations rather than my health. But my pain escalated and I couldn’t use my left hand as before. This was really frustrating for me as I couldn’t even do basic tasks. This also served as a life lesson for me to understand how people with disabilities feel. Therefore through the Hospital & Surgical Insurance & Personal accident coverages, I decided to reach out to my personal contact & found a good hand surgeon. After consulting with the doctor, I learned that I Had to go for Wrist Surgery and Physiotherapy.

The Bills kept adding up, but I was glad my Insurance plans, a comprehensive coverage where i can get the best surgeon without paying. My total bill for the surgery will cost $50k along with the other services. $50k is a lot of cash/savings, just imagine if I had to fork up this amount from my w\own pocket without any aid from insurance. This is why I wanted to share my personal story with you to show how anyone, including me, can benefit from having a proper Insurance Plan. I really hope this experience of mine helps you to consider getting yourself and your family covered to focus only on treatment & recovery instead of worrying about your Ill.Bills.Pills in the future, do contact me for more information on how you can cover yourself and your loved ones to the maximum.

Even if you think that you are someone who is very careful and will never get into an accident or injure yourself, here is another real-life story. Not long ago, one of the clients in my company faced an issue that you can’t imagine. Mr. X was complaining of stomach pain for days and thought the pain would subside in a few days. However, his pain increased over the days and was unbearable, therefore he went to a Government Hospital to consult a doctor, the doctor couldn’t give Mr. X any diagnosis, and was sent home.

His pain worsened and his wife contacted us for help and we recommended him to take a look at a specialist clinic, when he went to the clinic Mr. X was in severe pain and the doctors had to do a routine check on him to prep him for suspected kidney stones, but to everyone’s surprise, the tests showed that his cholesterol levels were very high and the doctors had to ask the cardiologist to clear him of any heart issues before preparing him for the procedure to help with his stomach issues. That wasn’t the worst part, soon after the tests and scans done by the cardiologist to give clearance, he found out that Mr. X was showing symptoms of a Heart Attack.

Mr. X was lucky enough that the doctors caught it in the early stages and he had to go through a bypass surgery to clear his clogged artery. His bills totaled to $80k, as he was a foreigner he didn’t have any Medisave to help him out, but luckily his wife purchased a Critical Illness Insurance cover as well as a hospital medical cover for him. The payout will likely cover all the bills & the payout is in 6 digits. They were a young couple with a newborn and were struck by a situation that no one could think of, imagine if he had no proper coverage, the family would have to pay in full and that would have cost so much burden on them. His recovery might be challenging as some employers are not understanding when come to this situation in Singapore.

Cultivating Good Money Habits

Date Posted: 21/01/2022

I was stunned when I wanted to set up a special needs trust fund for my son who is suffering from autism. I was shaken when I knew that I had to set aside $6,000,000 for the trust fund and that was when I was only 35 years old. I decided I must cultivate good money habits in addition to a stable income.
“Pay Yourself First”
Now, what do I mean by this? After monthly utility bills and necessities, Pay Yourself a fixed monthly amount to build your financial profile and your dreams. To achieve the goals and your dreams that you set for yourself, you will need funding. Having a monthly routine to build your investments and savings is the best gift that you can give yourself and your loved ones. The gift of certainty will keep your mind at ease and be the best thing you can give yourself.

Below are the three habits that I have been doing monthly to achieve my dreams

1. Saving 5 figures in CPF and SRS contributions annually
I wonder why people do their annual contribution on the last month or even the last day of the year for the Supplementary Retirement Scheme (SRS) or CPF top-up. Why don’t you do it at the start of the year?
As most of you know, I have previously shared my SRS Investments with you! On how I managed to save & invest into a sizable 6 digit number.

2. Saving 6 Figures In Insurance Premiums
Saving saves a life, and insurance offers a better deal than just saving a life. My mum bought insurance from a random stranger that knocked on her door (cold leads) when she was 45 years old. She was saved because of the small one-year premium she paid and the insurance claim was made when she was 46 years old when she found out she had been diagnosed with cancer.

My retirement, children’s education and protection are all tied to insurance products. A lot of us got lost along the way and didn’t clarify our own priorities and intentions.

3. Maximizing Returns And Minimizing Risks With Strategic Planning
To me, buying stocks in the stock market and hoping the stock will finance your child’s education is not even considered a smart move. Frankly, the owner of the stock you purchased cannot guarantee to you that he or she will be able to sustain the business for the next 10-20 years. We all know many CEOs who work at a firm for short-term personal goals and NOT long-term business goals. My question is what kind of risk are you undertaking? What strategies do you have if the so-called investment or speculation doesn’t work out? What research and what education you have invested in yourself to do a proper investment. My recommendation is do NOT even start when you are unable to answer these fundamental questions.

I do invest in stock and into investment funds as well as other types of financial instruments including instruments available only to the selected few – High Net Worth (HNW) individuals. I use my spare funds, money which is not being used for my life priorities. Think about it this way. If I were your spouse or child, what would I want from you? As your child or spouse, do I like speculative uncertain funds set aside for my education or retirement needs or I’d prefer something with certainty or guarantee for education or retirement goals? Are you investing for your own self or are doing it for your loved ones? I genuinely love my family, the education plan I had for my children is based on what my children really want, not based on what I like to do.

I always believe having the right habit helps us make fewer mistakes in life. Why do people spend time on things they’re not good at (e.g. investment) and waste their life away worrying about what they have just “invested”.

With this, let me end the newsletter by sharing a Video with you!.
What are you going to do with one more day?

Guide on Employee Benefits & Average A.C.E

Date Posted: 14/01/2022

Today I will be sharing about my latest book, The Average A.C.E

I believe my book shares powerful stories and meaningful advice to those who are aspiring to be successful entrepreneurs. I was motivated by my passion to mentor and equip anyone seeking an all-in-one book to start a business. I hope by sharing anecdotes from my life’s journey, both the highs and lows, my readers will be able to relate and ultimately motivate them that everyone has their own personalized journey to achieve their goals and that they can achieve it with perseverance! ‘Persisting is
mostly failing; giving up is failing to persist’

I took my time to expound on the necessity of developing a compelling marketing strategy and to give a holistic understanding of what it takes to run a small business in Singapore, explaining the legal structure, how to raise funds, and more importantly, to equip the reader with the essential principles of accounting, financial prudence, and management.

This book is filled with useful tips and insights and is a must-read not only for those in business, but anyone who has the courage to embrace adversity, and despite all that we have gone through, to make something powerful out of the curve balls that life throws at us.

Once you have established a successful business, it is important that you support your employees. Employee Benefits are essential to the workplace in terms of retaining key employees. It includes various types of compensation in addition to their normal wages. It conveys a message to your employees that you are willing to invest in their well-being and future. Some examples of employee benefits are health insurance, dental insurance, vision care, etc. Employee benefits help to enhance overall business productivity and efficiency by keeping employees more motivated. Employee well-being programs create healthier employees, this means reduced healthcare costs for the company. This overall helps to benefit your company as a whole.

Click Here to find out more about these mutually beneficial programs

Why Set New Year’s Resolutions?

Date Posted: 07/01/2022

We are here in 2022! May you have a prosperous New Year! I would like to share with you Why Setting Goals is Important!

1. Why do people fail?
Most people fail not because they set an ambitious goal for themselves, they fail because they do not set any goal or their goal is too low, which isn’t motivating at all.
We have all been there when we try something new and we do not get the intended results or no results at all. This is defined as feedback! Not failure. Failure happens only when we choose to give up entirely/ take an easy way out or when we never start on it because we are too afraid.

2. The Big Why towards your goals.
We take actions because we value our goals and because we have a Big Why towards our goal. For example, I am motivated/ charged up knowing what I am doing is meant to protect the future of you and the family of my client. I feel responsible for it. It’s never my job to motivate my staff or my business partners, it’s my job to motivate myself to do it well. If you are unhappy and feeling frustrated with what you are doing, either you reframe your feelings toward your situation or choose another way around it. The true north in our inner value compass will guide us to prioritize what is important, here’s the newsletter I wrote about setting your priority.

3. The How and What are not that important (at all)
Contrary to what many believe in, the Hows and the Whats are not important to successful people. Successful people make things happen. We should not allow ourselves to give up simply because there isn’t any success formula or red carpet in front of us. With motivation and desire to make things happen because we value our own goal, we will make it happen. Is there any value if I am simply copying or duplicating someone else?

4. Timing and Time
Having more than enough time resources is far more important than timing. Many people have great ideas and start great, how many of us have the tenacity or grit to complete and even perfect it?

5. Final Words

We all need support and encouragement. Finding the right support with a group of people with shared values, and cultures is something we have to search for. Make sure you have enough resources to turbocharge you when you are down. When you are down, you mustn’t discourage yourself, this is the key to your success story because the darkest moment in our life might indicate there is light after the dawn.

I have been sending these Newsletters to you over the past few months and I would like to know your feedback on these Newsletters! I would appreciate it if you could please fill-up the form below:

My real motivation on Legacy planning with webinars and book publishing

Date Posted: 31/12/2021 

A Real-Life Story – Miracles do Happen!

Date Posted: 24/12/2021 

Sometimes, life does not ever seem to work in your favor, and you encounter challenges and obstacles that might seem overwhelming at the start.

For example,ex-husband this girl named May, she’s a single mom and a divorcee. Her ex husband was jobless for 10  years and it was causing a massive financial strain on the family. He did not even have money to pay the maintenance fee, it was a struggle for May to support her son and herself with her meager salary.

To make matters worse, her ex-husband passed away. However, I am glad her life started to turn around when she met up with me. After assessing her situation thoroughly I found a way that she was able to claim her ex-husband’s insurance & other “inheritance”. At first, she was skeptical. But eventually she tried to file a claim and came across many obstacles. But with my help and persistence, and extensive knowledge in insurance, I was able to help her successfully file the claim. She managed to get her assured sum and lighten her financial burdens. She has her house renovated, setting enough funds for her child’s education, and there is some spare cash for emergency use.

That is why my dream is to help more people like May (Including You!), and I came up with a few books to guard against any situation life throws at you.

Are You Travelling Soon? A Guide to Travel Insurance

Date Posted: 17/12/2021 

In recent times more Singaporeans are traveling with ease restrictions and VTL after 2 years of the pandemic. Travel Insurance has become more important than ever before due to Covid-19 and its evolving variants.

Worries should be off your mind while you’re enjoying your vacation, which is why it is crucial to select the optimum travel insurance for yourself. Look for travel insurance that covers Covid-19 when travelling these days. Here is a guide on travel insurance that would hopefully benefit you and your family

travelingFirst, there is the single trip plan, which covers a specific trip and is more suitable for people who are not traveling frequently. 

Next, there is the multi-trip plan, which covers a person for up to a year. The trips, however, can only be limited to 90 days each. 

Aside from that, there is also the individual plan which covers just you or a group of travelers and there is the family plan, it does as the name says. Here you can find suitable coverages For your entire family 

Lastly, there is also the group plan, where it’s the same as an individual plan but at a lower cost and thereby more suitable for groups 

Source: https://www.sompo.com.sg/products/travelcovid?gclid=Cj0KCQiAzfuNBhCGARIsAD1nu–5PtGeE66J68ZICoD93jT2PMxzX-ul0o9PiT5FpfpSEXPeyNzmfC8aAgXCEALw_wcB

All About CPF

Date Posted:  04/12/2021

CPF locks up our money, is this a myth? 

Do you know that $4,000,000,000 top-ups were made this year to the CPF account in Singapore, and this is a record number! Do you know why? The easier answer would be that CPF members who have done the top up before the end of 2021 will enjoy tax relief of up to $14,000 for next year’s tax assessment on their cash top-ups. There is actually more than this reason. The fact is that only 5% of the CPF members are doing this volunteering top-up, not the 95% CPF members and do you know why?

We’ve heard you and here is an Overview of Growing your Retirement Fund.

The three basic needs of our retirement are a fully paid home,Insurance/Savings for Healthcare and a stable retirement income. That’s why the government came up with a comprehensive savings system to aid Singaporeans to meet their basic retirement needs. As we all know CPF consists of 3 accounts; Ordinary Account (OA), MediSave Account (MA), and Special Account (SA). An additional account will be created at the age of 55 known as a Retirement Account (RA). Your contribution from your monthly wage depends on your age and will be allocated accordingly.

How can you save more and earn interest on your CPF accounts? If you’re below 55, for every dollar that you contribute to your SA, your employer chips in another $0.85, giving you $1.85. This $1.85 will double to $3.70 in about 20 years, and $7.40 in about 40 years*. This is seven times more than the $1 you contributed. This is based on the employer and employee CPF contributions and allocation rates.

 *Computed using the base interest of 4% per annum on your SA, source obtain from https://www.cpf.gov.sg/member/cpf-overview

Besides paying attractive interest, the Singapore Government also supplements your retirement savings through the Workfare Income Supplement (WIS) Scheme. WIS encourages eligible workers to work and build up their CPF savings for retirement, housing, and healthcare.

Whether you’re an employee or are self-employed, you can grow your savings by making cash top-ups to either: 

Your OA, SA, and MA; or

Only your MA 

By making cash top-ups, you can earn interest even when you’re not working or do not have regular CPF contributions. If you would like to save specifically for retirement, you can top up your SA or RA using cash or CPF savings.

https://www.cpf.gov.sg/member/cpf-overview

Dream Retirement 2.0 : A Million Dollars

Date Posted:  26/11/2021

How is your year 2021 new year resolution? Do you mind making a new one for the year 2022 – having one million dollars in your bank account? I have specially prepared a new year gift for you – a book published by my client, Regina-  Save Million of Dollars, Simply an Employee’s Dream

Honestly, Do you have one million dollars in your bank account? One of my clients, Regina (not her real name), shared how she saved up $1,000,000.00 with an average career/ education at the age of 50 years old. I am really sorry for asking such a sensitive question, I hope you can forgive me please.

She has benefited from the financial planning services offered by myself and this book shares some important tips and concepts that helped her achieve her financial success. She uses a fake name in her book, maybe you can send a message to me and guess which name she uses for my identity?  Winner will walk away with a nice lunch and a complimentary LPA certification from me.

Here is a SneakPeak of her Book.

In her book she covers how anyone can be able to Save a Million Dollars and achieve their Dream Retirement and it’s all about planning. What got the ball rolling for Regina was when she met a Man named Henry at a Wealth Management Exhibition. He stated two statements that Inspired Regina to take charge. The statement are as follows: 

Statement 1: Million Dollars have exchanged hands in our lifetimes.

Statement 2: Million Dollars’ Men walking around in our midst.   

These statements made Regina Ponder and take the step to get her Financial Health Check done.

The Next Step of her Action Plan was to Track & Record each of  her expenditures on a notebook and analyse her spendings. This helps individuals to identify their spending and saving patterns and prompt us to make changes to our expenditure and focus more on our savings, we will be more conscious of our decision making and be aware of the wants and the needs. 

With my Services, you will be able to enjoy a Holistic Financial Health Check including these two measures that Regina took as her stepping stone to Save a Million Dollars. You will also receive advice on the different saving and investment plans that can help boost and speedtrack your Journey to YOUR MILLION DOLLARS.

Define Your Priorities

Date Posted:  19/11/2021

I’m “famous” for being a problematic guy amongst my friends. Example, I’ve had to deal with a few loved ones with serious health issues in the past few years, working on book publishing,  finishing chartered certifications and more importantly taking care of other life priorities. Despite the challenges, Chartered certification was completed in 1st quarter this year, did my Million Dollars Round Table in the 2nd quarter this year, completed 10 financial planning webinars by the 3rd quarter and scored well in the Advanced Diploma Wealth Management that I am pursuing by the final quarter of 2021. Honestly, it was not easy as there are also some other priorities in life I’ve to manage.  

Determining your priorities might feel like it isn’t useful to you or a waste of time. But in reality, identifying your priorities and managing them has helped me organise my life. Let me walk you through the importance of defining your priorities and its advantages.

What are Priorities ?

“A priority is the concern, interest or desire that comes before all others.”     -Vocabulary.com

Priorities are  usually activities, practices, or relationships that we want to put genuine effort and time into. Priorities are meaningful and important to us and we tend to give special attention and can be followed for different areas of your life and/or work. Rather than listing  everything as important, prioritising your daily tasks can help you to choose what you need to focus on first.

Priorities are different from goals. In my opinion, goals are the milestones that you want to achieve and Priorities are the things that you need to say yes or no to in order to reach that goal.

Therefore, figuring out your priorities will help your thoughts be put in perspective and help you be organised and be clear of your goals. This will make planning the week easier.

Why should we define our Priorities ?

Identifying your Priorities helps to:

1. Reduce time consumed to decide what task to do first
2. Organise your day
3. Easily decide request from others

Ultimately, priorities help you set and stick to boundaries and enable you to move forward and not do everything at once causing burnout. Listing down your priorities and scheduling them accordingly will save you time and clear your mind of clutter and help you make decisions based on your plans.

Types of Priorities? 

Here are some examples of my priorities :

1. Work
2. Family
3. Health
4. Home
5. Relationships
6. Friendships
7. Hobbies
8. Recreation/Fun
9. Self-Care
10. Personal Growth
11. Volunteering

As many of you may know from my very first newsletter, I use the MDRT Whole Person’s concept to allocate activities to each category. The MDRT Whole Person Concept focuses on Relationships, Health, Education, Career, Service, Financial and Spiritual elements. I combine these two concepts into one and derive my listed priorities and plan my day accordingly.

Click here to ready my two interviews conducted by The Straits Times and The Sundays Times on how I set priority and keeping things in life in balance & wholesome.

Choosing your top priorities might be difficult at first. An easy way to define your priorities and listing them down and arranging them according to their significance and urgency. Throughout my life, I have been using this simple practice to schedule my day to day activities and this is how I managed to work and also balance my studies, hobbies and my family time. Check out this video to find out why I value improving myself yearly.

10 Ways to Build Wealth

Date Posted:  13/11/2021

Wealth building has always been regarded as a mystery to a lot of people. The secret in wealth accumulation has got nothing to do with what qualifications you hold. Neither has it got to do with the special few, nor those who are considered lucky. 

Wealth accumulation can be made simple with these 10 simple concepts. I cover these concepts during a regular Financial Health Check Up session with my clients. Click here to find out more

10 Simple Concepts:

1. Save at least 10% of your disposable income. It shall only be used for wealth accumulation purposes. However, the ratio might have to increase if the rate of return of your savings is way too low or you have a bigger financial goal/ commitment.
2. Budget your expenditures. When your expenditure habits are determined, you would be able to gauge your cash flow problems. How often do you update, track and re-chart your financials? Do you know what exactly your savings ratio is?
3. Invest your money, which you have consistently saved. There are many ways you can invest your money, one of which I have already shared with you in my previous newsletter of investing your savings accounts.
4. Consult wise people who are well versed on investments to prevent capital loss of your hard earned money. I will be honoured to set up an appointment with you and share my knowledge with you on the different types of investments. Do you know there is a savings ratio and investment ratio just like the corporate financial ratio?
5. Own your home, do not rent. Make it a worthwhile investment for loved ones and especially for yourself, but do not over commit. Ensure you meet the liquidity ratio, Debt Servicing Ratio and Solvency Ratio.
6. Ensure that you have a secured financial plan for retirement, children’s education and risk management. That is why we make a special effort and conduct a retirement planning seminar every month and share with you the importance of LPA and cover the different elements of Holistic Retirement planning with you! You can even contact me to draft your own simple will or refer to the book I’ve published from either Amazon or NLB. Click Here to stay updated! 
7. Consistently upgrade your earning ability through seminars, courses, books, etc. (Invest 10% of your early income for this purpose) or even starting out a new business venture. Check out my new book that I just wrote about how to run a successful entrepreneurship.
8. Health  is wealth. Serious illnesses not only means high costs, it also means loss of future income. I have shared a few incidents in my previous newsletter of the importance of preparing early and getting yourself covered. Read more here about proper health insurance planning. 
9. Do not be greedy. Greed will cause irrational behaviour and decision. Emotional discipline holds the key to our financial happiness/ well being, too many families suffer because we are unable to manage our emotions and result in bad financial decisions/ habits.
10.  Me-time! Wealth is the state of mind. It is wisdom, cultivate wisdom, as it will give rise to fortune beyond your goals. Spending enough effort and doing self reflection on your finances can be useful and this enables you to cultivate yourself to a better self from time to time. Click here to reach me on WhatsApp for any enquiries! 

Is Your House Protected?

Date Posted:  05/11/2021

One of the most ridiculous things about buying insurance! As a driver, we spend thousands of dollars insuring our car. Car is just a small fraction of the money we spend compared to the house we stay in. In fact, our homes are meant to protect and care for our loved ones, isn’t it? Why do most Singaporeans don’t even bother to have proper home insurance and stop at basic coverage for our homes?

The basic insurance provided by HDB covers the cost of reinstating damaged internal structures, fixtures, as well as areas built and provided by HDB. It does not include home contents such as furniture, renovations and personal belongings. The current appointed insurer for the HDB Fire Insurance Scheme is FWD Singapore Pte Ltd and the insurance is valid for a 5-year period; renewal is done once every 5 years.

Therefore additional coverage is needed to protect your loved ones and your valuable items. There are many types of insurance coverage from many insurance providers. The common types of coverage are as follows:

1. Home Contents: Includes common household items such as furniture, electrical appliances, tableware and utensils, clothes, certain jewellery, personal devices such as laptops, desktops, tablets, mobile phones etc.
2. Loss of important documents, physical cash, and valuables: Covers important documents such as passports, birth certificates, identity cards, credit cards, driving licenses, education certificates, etc. You can also get covered for your money in cash and valuables such as Rolex watches. However, the payout is capped at a certain amount and it varies from policy to policy.
3. Fixtures and Fittings: Renovations and fittings in the house such as walls, ceilings, built-in wardrobes, floor coverings, pipes, toilet bowls, washbasins etc.
4. Damage to the House: Refers to the damage done to the physical structure of the house.
5. Personal liability: This covers you against personal legal liability in the event someone is injured in your home or due to a mistake or accident that you have caused. It also covers property damages due to negligence.
6. Accommodation: In the case of a severe fire where you can’t live in your house you will need to find accommodation while waiting for it to be fixed.
7. Compensation: In the event of an accident, you can get compensation for medical expenses incurred for you and your family members and your live-in domestic helper.
8. Pets: Some policies will cover the loss of a pet, usually dogs and cats.

Additionally you may also want to consider investing in Jewellery insurance, it can be an extremely worthwhile investment. Given how it covers for accidental damage, theft, and mysterious disappearance. It also provides coverage for new items acquired for up to 60 days after paying an additional premium. 

Jewellery insurance also provides a worldwide cover, all the way from canada to ecuador, there is also a high claim limit for each jewellery item, as high as the original insured value, making it an incredibly worthwhile investment. However, depreciation value is still a factor and might be deducted from your claim amount.

The pair and set clause, where if a jewellery of a set is lost or damaged, you can claim the cost of the whole collection .This makes it so you can make the most out of the jewellery insurance that you bought and ensure that the other pair does not go to waste. 

STAY PROTECTED

Date Posted: 29/10/2021

ILL,BILLS AND PILLS

Three words to summarize in my early working life! 

I was being interviewed by The Sunday Times on this first hand experience on the “me and my money” page. My mom was a victim of Cancer and we were fortunate enough that she took up insurance that covered and helped my family and I throughout the recovery. Coming from a poor family background, my mum has always wanted to get herself covered and refused to do it until one day… Someone knocked on the door and she bought insurance from a stranger. The claim was filed one year after the diagnosis of the cancer.

Click HERE to find out more

In lieu of Breast Cancer Awareness Month, I would like to discuss an article I came across.Even if you are young, fit and active, you are not protected from Critical Illness such as Cancer, it can happen to anyone at any time. Our responsibility is to protect ourselves and our loved ones from such incidents and always be prepared for any costs that can come along with it. That is why it is important to have your personal Critical Illness Plan for you and your family members.

WHAT ARE YOU WAITING FOR?

Get ultimate peace of mind for you and your family by protecting against potential financial impacts during unfortunate diagnoses of critical illnesses such as cancer.

You can always customise your plans with us to suit your personal needs. A basic Critical Illness plan covers more than 100 medical conditions ranging from early stage of critical illness to the critical stage. For example, medical conditions such as Cancer at the non-invasive stage can be claimed under the early stage critical illness. Newest critical illness can even cover for a second payout or even cover medical conditions like diabetic complications. Interestingly, there are also products designed specially for women, men and children in terms of critical illness coverage. Some providers will also include a complimentary annual health screening in the cover.

Have you done your health check recently, and have you done your financial health check regularly? 

WHY CYBER INSURANCE ?

Date Posted: 22/10/2021

Are you a business owner or a staff in the company using a network for your work – WFH?

Are you confident that your data and network is highly secured?

Do you know how to conduct or Have you conducted enough checks and balances for your company’s digital system?

Click Here To see how business lose money due to lack of cyber security in their Company

The rampant digitalization of society has resulted in the need for cyber insurance. Businesses of all fields are facing more frequent cyber attacks. Sensitive information was severely compromised and many highly reputed firms are being fined by regulators for not having the right protection in place. Therefore now, cyber insurance is absolutely essential to protect you against liabilities arising from data protection laws, management of personal data and the consequences of losing information.

What is Cyber Insurance?

A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. Many insurers in the market are currently offering a wide variety of cyber insurance policies that are able to cater to different needs of their clients. With the increasing threat of cyber-attacks on businesses in recent years, some businesses made it a point to purchase cyber insurance to help them respond to possible data breach.

What Should I Do?

With network attacks and security becoming a significant global issue, we cover you for direct first party losses and third party claims. Here are some of the coverage provided by the policy:

• Crisis Management

• Business Interruption

• First party coverage pays for expenses the firm directly incurs

• Third party coverage however applies to claims against your firm by individuals/companies

• Extensions

Data security is now essential for the continued operation of businesses.

Choose the right cyber insurance for your company by clicking here to find out more. 

SELECTING THE RIGHT MOTOR INSURANCE 

Date Posted: 15/10/2021

Imagine draining half your savings in one accident. That is why choosing the right car insurance is essential. Third Party Coverage, Third Party Fire and Theft, Comprehensive coverage, It will be hard to figure out which is best. 

Let us start with

1. Third Party Coverage; It is for death or injury to other party or damages to their property
2. Third Party Fire and Theft and expands on the coverage as stated by including fire damage or theft of vehicle
3. Comprehensive coverage, further expands onto everything by including accidental damage to your vehicle, windscreen damage, Key replacement, loss of personal effects, loss of use and accidental assist, riot, strike and civil commotion damage, Personal accident coverage, monthly allowance and lastly, medical and dental coverage.

 If you are looking to buy car insurance in Singapore, the comprehensive coverage is what most people opt for. Driving without insurance is illegal in Singapore. Make sure to abide by the law and purchase the insurance that is most suitable for you and your loved ones!

Resolve your financial burdens easily from the insurance options provided to you

Estate Planning Made Simple

Date Posted: 08/10/2021

I have shocking news to share today!

Do you have a complete plan for your financial affairs?

Here’s a simple checklist on implementing your own estate planning for your loved ones to ensure family relationship is intact and people remember us when we exit this world:

Therefore additional coverage is needed to protect your loved ones and your valuable items. There are many types of insurance coverage from many insurance providers. The common types of coverage are as follows:

1. Home Contents: Includes common household items such as furniture, electrical appliances, tableware and utensils, clothes, certain jewellery, personal devices such as laptops, desktops, tablets, mobile phones etc.
2. Loss of important documents, physical cash, and valuables: Covers important documents such as passports, birth certificates, identity cards, credit cards, driving licenses, education certificates, etc. You can also get covered for your money in cash and valuables such as Rolex watches. However, the payout is capped at a certain amount and it varies from policy to policy.
3. Fixtures and Fittings: Renovations and fittings in the house such as walls, ceilings, built-in wardrobes, floor coverings, pipes, toilet bowls, washbasins etc.
4. Damage to the House: Refers to the damage done to the physical structure of the house.
5. Personal liability: This covers you against personal legal liability in the event someone is injured in your home or due to a mistake or accident that you have caused. It also covers property damages due to negligence.
6. Accommodation: In the case of a severe fire where you can’t live in your house you will need to find accommodation while waiting for it to be fixed.
7. Compensation: In the event of an accident, you can get compensation for medical expenses incurred for you and your family members and your live-in domestic helper.
8. Pets: Some policies will cover the loss of a pet, usually dogs and cats.

Additionally you may also want to consider investing in Jewellery insurance, it can be an extremely worthwhile investment. Given how it covers for accidental damage, theft, and mysterious disappearance. It also provides coverage for new items acquired for up to 60 days after paying an additional premium. 

Jewellery insurance also provides a worldwide cover, all the way from canada to ecuador, there is also a high claim limit for each jewellery item, as high as the original insured value, making it an incredibly worthwhile investment. However, depreciation value is still a factor and might be deducted from your claim amount.

The pair and set clause, where if a jewellery of a set is lost or damaged, you can claim the cost of the whole collection .This makes it so you can make the most out of the jewellery insurance that you bought and ensure that the other pair does not go to waste. 

STAY PROTECTED

Date Posted: 29/10/2021

ILL,BILLS AND PILLS

Three words to summarize in my early working life! 

I was being interviewed by The Sunday Times on this first hand experience on the “me and my money” page. My mom was a victim of Cancer and we were fortunate enough that she took up insurance that covered and helped my family and I throughout the recovery. Coming from a poor family background, my mum has always wanted to get herself covered and refused to do it until one day… Someone knocked on the door and she bought insurance from a stranger. The claim was filed one year after the diagnosis of the cancer.

Click HERE to find out more

In lieu of Breast Cancer Awareness Month, I would like to discuss an article I came across.Even if you are young, fit and active, you are not protected from Critical Illness such as Cancer, it can happen to anyone at any time. Our responsibility is to protect ourselves and our loved ones from such incidents and always be prepared for any costs that can come along with it. That is why it is important to have your personal Critical Illness Plan for you and your family members.

WHAT ARE YOU WAITING FOR?

Get ultimate peace of mind for you and your family by protecting against potential financial impacts during unfortunate diagnoses of critical illnesses such as cancer.

You can always customise your plans with us to suit your personal needs. A basic Critical Illness plan covers more than 100 medical conditions ranging from early stage of critical illness to the critical stage. For example, medical conditions such as Cancer at the non-invasive stage can be claimed under the early stage critical illness. Newest critical illness can even cover for a second payout or even cover medical conditions like diabetic complications. Interestingly, there are also products designed specially for women, men and children in terms of critical illness coverage. Some providers will also include a complimentary annual health screening in the cover.

Have you done your health check recently, and have you done your financial health check regularly? 

WHY CYBER INSURANCE ?

Date Posted: 22/10/2021

Are you a business owner or a staff in the company using a network for your work – WFH?

Are you confident that your data and network is highly secured?

Do you know how to conduct or Have you conducted enough checks and balances for your company’s digital system?

Click Here To see how business lose money due to lack of cyber security in their Company

The rampant digitalization of society has resulted in the need for cyber insurance. Businesses of all fields are facing more frequent cyber attacks. Sensitive information was severely compromised and many highly reputed firms are being fined by regulators for not having the right protection in place. Therefore now, cyber insurance is absolutely essential to protect you against liabilities arising from data protection laws, management of personal data and the consequences of losing information.

What is Cyber Insurance?

A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. Many insurers in the market are currently offering a wide variety of cyber insurance policies that are able to cater to different needs of their clients. With the increasing threat of cyber-attacks on businesses in recent years, some businesses made it a point to purchase cyber insurance to help them respond to possible data breach.

What Should I Do?

With network attacks and security becoming a significant global issue, we cover you for direct first party losses and third party claims. Here are some of the coverage provided by the policy:

• Crisis Management

• Business Interruption

• First party coverage pays for expenses the firm directly incurs

• Third party coverage however applies to claims against your firm by individuals/companies

• Extensions

Data security is now essential for the continued operation of businesses.

Choose the right cyber insurance for your company by clicking here to find out more. 

SELECTING THE RIGHT MOTOR INSURANCE 

Date Posted: 15/10/2021

Imagine draining half your savings in one accident. That is why choosing the right car insurance is essential. Third Party Coverage, Third Party Fire and Theft, Comprehensive coverage, It will be hard to figure out which is best. 

Let us start with

1. Third Party Coverage; It is for death or injury to other party or damages to their property
2. Third Party Fire and Theft and expands on the coverage as stated by including fire damage or theft of vehicle
3. Comprehensive coverage, further expands onto everything by including accidental damage to your vehicle, windscreen damage, Key replacement, loss of personal effects, loss of use and accidental assist, riot, strike and civil commotion damage, Personal accident coverage, monthly allowance and lastly, medical and dental coverage.

 If you are looking to buy car insurance in Singapore, the comprehensive coverage is what most people opt for. Driving without insurance is illegal in Singapore. Make sure to abide by the law and purchase the insurance that is most suitable for you and your loved ones!

Resolve your financial burdens easily from the insurance options provided to you

Estate Planning Made Simple

Date Posted: 08/10/2021

I have shocking news to share today!

Do you have a complete plan for your financial affairs?

Here’s a simple checklist on implementing your own estate planning for your loved ones to ensure family relationship is intact and people remember us when we exit this world:

Therefore additional coverage is needed to protect your loved ones and your valuable items. There are many types of insurance coverage from many insurance providers. The common types of coverage are as follows:

1. Home Contents: Includes common household items such as furniture, electrical appliances, tableware and utensils, clothes, certain jewellery, personal devices such as laptops, desktops, tablets, mobile phones etc.
2. Loss of important documents, physical cash, and valuables: Covers important documents such as passports, birth certificates, identity cards, credit cards, driving licenses, education certificates, etc. You can also get covered for your money in cash and valuables such as Rolex watches. However, the payout is capped at a certain amount and it varies from policy to policy.
3. Fixtures and Fittings: Renovations and fittings in the house such as walls, ceilings, built-in wardrobes, floor coverings, pipes, toilet bowls, washbasins etc.
4. Damage to the House: Refers to the damage done to the physical structure of the house.
5. Personal liability: This covers you against personal legal liability in the event someone is injured in your home or due to a mistake or accident that you have caused. It also covers property damages due to negligence.
6. Accommodation: In the case of a severe fire where you can’t live in your house you will need to find accommodation while waiting for it to be fixed.
7. Compensation: In the event of an accident, you can get compensation for medical expenses incurred for you and your family members and your live-in domestic helper.
8. Pets: Some policies will cover the loss of a pet, usually dogs and cats.

Additionally you may also want to consider investing in Jewellery insurance, it can be an extremely worthwhile investment. Given how it covers for accidental damage, theft, and mysterious disappearance. It also provides coverage for new items acquired for up to 60 days after paying an additional premium. 

Jewellery insurance also provides a worldwide cover, all the way from canada to ecuador, there is also a high claim limit for each jewellery item, as high as the original insured value, making it an incredibly worthwhile investment. However, depreciation value is still a factor and might be deducted from your claim amount.

The pair and set clause, where if a jewellery of a set is lost or damaged, you can claim the cost of the whole collection .This makes it so you can make the most out of the jewellery insurance that you bought and ensure that the other pair does not go to waste. 

STAY PROTECTED

Date Posted: 29/10/2021

ILL,BILLS AND PILLS

Three words to summarize in my early working life! 

I was being interviewed by The Sunday Times on this first hand experience on the “me and my money” page. My mom was a victim of Cancer and we were fortunate enough that she took up insurance that covered and helped my family and I throughout the recovery. Coming from a poor family background, my mum has always wanted to get herself covered and refused to do it until one day… Someone knocked on the door and she bought insurance from a stranger. The claim was filed one year after the diagnosis of the cancer.

Click HERE to find out more

In lieu of Breast Cancer Awareness Month, I would like to discuss an article I came across.Even if you are young, fit and active, you are not protected from Critical Illness such as Cancer, it can happen to anyone at any time. Our responsibility is to protect ourselves and our loved ones from such incidents and always be prepared for any costs that can come along with it. That is why it is important to have your personal Critical Illness Plan for you and your family members.

WHAT ARE YOU WAITING FOR?

Get ultimate peace of mind for you and your family by protecting against potential financial impacts during unfortunate diagnoses of critical illnesses such as cancer.

You can always customise your plans with us to suit your personal needs. A basic Critical Illness plan covers more than 100 medical conditions ranging from early stage of critical illness to the critical stage. For example, medical conditions such as Cancer at the non-invasive stage can be claimed under the early stage critical illness. Newest critical illness can even cover for a second payout or even cover medical conditions like diabetic complications. Interestingly, there are also products designed specially for women, men and children in terms of critical illness coverage. Some providers will also include a complimentary annual health screening in the cover.

Have you done your health check recently, and have you done your financial health check regularly? 

WHY CYBER INSURANCE ?

Date Posted: 22/10/2021

Are you a business owner or a staff in the company using a network for your work – WFH?

Are you confident that your data and network is highly secured?

Do you know how to conduct or Have you conducted enough checks and balances for your company’s digital system?

Click Here To see how business lose money due to lack of cyber security in their Company

The rampant digitalization of society has resulted in the need for cyber insurance. Businesses of all fields are facing more frequent cyber attacks. Sensitive information was severely compromised and many highly reputed firms are being fined by regulators for not having the right protection in place. Therefore now, cyber insurance is absolutely essential to protect you against liabilities arising from data protection laws, management of personal data and the consequences of losing information.

What is Cyber Insurance?

A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. Many insurers in the market are currently offering a wide variety of cyber insurance policies that are able to cater to different needs of their clients. With the increasing threat of cyber-attacks on businesses in recent years, some businesses made it a point to purchase cyber insurance to help them respond to possible data breach.

What Should I Do?

With network attacks and security becoming a significant global issue, we cover you for direct first party losses and third party claims. Here are some of the coverage provided by the policy:

• Crisis Management

• Business Interruption

• First party coverage pays for expenses the firm directly incurs

• Third party coverage however applies to claims against your firm by individuals/companies

• Extensions

Data security is now essential for the continued operation of businesses.

Choose the right cyber insurance for your company by clicking here to find out more. 

SELECTING THE RIGHT MOTOR INSURANCE 

Date Posted: 15/10/2021

Imagine draining half your savings in one accident. That is why choosing the right car insurance is essential. Third Party Coverage, Third Party Fire and Theft, Comprehensive coverage, It will be hard to figure out which is best. 

Let us start with

1. Third Party Coverage; It is for death or injury to other party or damages to their property
2. Third Party Fire and Theft and expands on the coverage as stated by including fire damage or theft of vehicle
3. Comprehensive coverage, further expands onto everything by including accidental damage to your vehicle, windscreen damage, Key replacement, loss of personal effects, loss of use and accidental assist, riot, strike and civil commotion damage, Personal accident coverage, monthly allowance and lastly, medical and dental coverage.

 If you are looking to buy car insurance in Singapore, the comprehensive coverage is what most people opt for. Driving without insurance is illegal in Singapore. Make sure to abide by the law and purchase the insurance that is most suitable for you and your loved ones!

Resolve your financial burdens easily from the insurance options provided to you

Estate Planning Made Simple

Date Posted: 08/10/2021

I have shocking news to share today!

Do you have a complete plan for your financial affairs?

Here’s a simple checklist on implementing your own estate planning for your loved ones to ensure family relationship is intact and people remember us when we exit this world:

Therefore additional coverage is needed to protect your loved ones and your valuable items. There are many types of insurance coverage from many insurance providers. The common types of coverage are as follows:

1. Home Contents: Includes common household items such as furniture, electrical appliances, tableware and utensils, clothes, certain jewellery, personal devices such as laptops, desktops, tablets, mobile phones etc.
2. Loss of important documents, physical cash, and valuables: Covers important documents such as passports, birth certificates, identity cards, credit cards, driving licenses, education certificates, etc. You can also get covered for your money in cash and valuables such as Rolex watches. However, the payout is capped at a certain amount and it varies from policy to policy.
3. Fixtures and Fittings: Renovations and fittings in the house such as walls, ceilings, built-in wardrobes, floor coverings, pipes, toilet bowls, washbasins etc.
4. Damage to the House: Refers to the damage done to the physical structure of the house.
5. Personal liability: This covers you against personal legal liability in the event someone is injured in your home or due to a mistake or accident that you have caused. It also covers property damages due to negligence.
6. Accommodation: In the case of a severe fire where you can’t live in your house you will need to find accommodation while waiting for it to be fixed.
7. Compensation: In the event of an accident, you can get compensation for medical expenses incurred for you and your family members and your live-in domestic helper.
8. Pets: Some policies will cover the loss of a pet, usually dogs and cats.

Additionally you may also want to consider investing in Jewellery insurance, it can be an extremely worthwhile investment. Given how it covers for accidental damage, theft, and mysterious disappearance. It also provides coverage for new items acquired for up to 60 days after paying an additional premium. 

Jewellery insurance also provides a worldwide cover, all the way from canada to ecuador, there is also a high claim limit for each jewellery item, as high as the original insured value, making it an incredibly worthwhile investment. However, depreciation value is still a factor and might be deducted from your claim amount.

The pair and set clause, where if a jewellery of a set is lost or damaged, you can claim the cost of the whole collection .This makes it so you can make the most out of the jewellery insurance that you bought and ensure that the other pair does not go to waste. 

STAY PROTECTED

Date Posted: 29/10/2021

ILL,BILLS AND PILLS

Three words to summarize in my early working life! 

I was being interviewed by The Sunday Times on this first hand experience on the “me and my money” page. My mom was a victim of Cancer and we were fortunate enough that she took up insurance that covered and helped my family and I throughout the recovery. Coming from a poor family background, my mum has always wanted to get herself covered and refused to do it until one day… Someone knocked on the door and she bought insurance from a stranger. The claim was filed one year after the diagnosis of the cancer.

Click HERE to find out more

In lieu of Breast Cancer Awareness Month, I would like to discuss an article I came across.Even if you are young, fit and active, you are not protected from Critical Illness such as Cancer, it can happen to anyone at any time. Our responsibility is to protect ourselves and our loved ones from such incidents and always be prepared for any costs that can come along with it. That is why it is important to have your personal Critical Illness Plan for you and your family members.

WHAT ARE YOU WAITING FOR?

Get ultimate peace of mind for you and your family by protecting against potential financial impacts during unfortunate diagnoses of critical illnesses such as cancer.

You can always customise your plans with us to suit your personal needs. A basic Critical Illness plan covers more than 100 medical conditions ranging from early stage of critical illness to the critical stage. For example, medical conditions such as Cancer at the non-invasive stage can be claimed under the early stage critical illness. Newest critical illness can even cover for a second payout or even cover medical conditions like diabetic complications. Interestingly, there are also products designed specially for women, men and children in terms of critical illness coverage. Some providers will also include a complimentary annual health screening in the cover.

Have you done your health check recently, and have you done your financial health check regularly? 

WHY CYBER INSURANCE ?

Date Posted: 22/10/2021

Are you a business owner or a staff in the company using a network for your work – WFH?

Are you confident that your data and network is highly secured?

Do you know how to conduct or Have you conducted enough checks and balances for your company’s digital system?

Click Here To see how business lose money due to lack of cyber security in their Company

The rampant digitalization of society has resulted in the need for cyber insurance. Businesses of all fields are facing more frequent cyber attacks. Sensitive information was severely compromised and many highly reputed firms are being fined by regulators for not having the right protection in place. Therefore now, cyber insurance is absolutely essential to protect you against liabilities arising from data protection laws, management of personal data and the consequences of losing information.

What is Cyber Insurance?

A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. Many insurers in the market are currently offering a wide variety of cyber insurance policies that are able to cater to different needs of their clients. With the increasing threat of cyber-attacks on businesses in recent years, some businesses made it a point to purchase cyber insurance to help them respond to possible data breach.

What Should I Do?

With network attacks and security becoming a significant global issue, we cover you for direct first party losses and third party claims. Here are some of the coverage provided by the policy:

• Crisis Management

• Business Interruption

• First party coverage pays for expenses the firm directly incurs

• Third party coverage however applies to claims against your firm by individuals/companies

• Extensions

Data security is now essential for the continued operation of businesses.

Choose the right cyber insurance for your company by clicking here to find out more. 

SELECTING THE RIGHT MOTOR INSURANCE 

Date Posted: 15/10/2021

Imagine draining half your savings in one accident. That is why choosing the right car insurance is essential. Third Party Coverage, Third Party Fire and Theft, Comprehensive coverage, It will be hard to figure out which is best. 

Let us start with

1. Third Party Coverage; It is for death or injury to other party or damages to their property
2. Third Party Fire and Theft and expands on the coverage as stated by including fire damage or theft of vehicle
3. Comprehensive coverage, further expands onto everything by including accidental damage to your vehicle, windscreen damage, Key replacement, loss of personal effects, loss of use and accidental assist, riot, strike and civil commotion damage, Personal accident coverage, monthly allowance and lastly, medical and dental coverage.

 If you are looking to buy car insurance in Singapore, the comprehensive coverage is what most people opt for. Driving without insurance is illegal in Singapore. Make sure to abide by the law and purchase the insurance that is most suitable for you and your loved ones!

Resolve your financial burdens easily from the insurance options provided to you

Estate Planning Made Simple

Date Posted: 08/10/2021

I have shocking news to share today!

Do you have a complete plan for your financial affairs?

Here’s a simple checklist on implementing your own estate planning for your loved ones to ensure family relationship is intact and people remember us when we exit this world:

It is important to prevent future confusion amongst your spouse and children. This can help to maintain good harmony in your familial ties. When i finally decided to settle down

I made sure to put aside money for my parents as well as my wife. This made sure that they are well taken care of . Many Singaporeans however do not have such a plan. Which puts them and their family in a precarious situation. 

Fortunately, I have published 4 books, all about estate planning to educate the general public about their estate affairs. It is a quadrilogy regarding the importance and intricacies of getting estate planning and advanced medical care planning complete in Singapore 

Estate Planning is Unique to each individual, there is no one solution. When planning your Estates on your own it may be frustrating and overwhelming to an individual given the many options in the market and the rise of technology and newer Investment methods. Get someone who will be there with you to build your estates from the Foundation.

Estate Planning shouldn’t be complicated and should meet all your needs with ease. Feel free to drop me a message anytime https://wa.me/+6584487168 and we can have a chat to fulfill your concerns on Estate Planning

P.s. We have more Seminars Planned out just for you! Be on the lookout to find out more! 

What is your DREAM RETIREMENT?

Date Posted: 01/10/2021

Let’s pause for a moment, what comes to mind when you think of Retirement Planning? Is your thought Negative or Positive? Retirement Planning shouldn’t be a hassle or looked at revoltingly. Retirement Planning should be about your dream goals and give you a sense of security and plan with everything in mind. 

Life can be unpredictable sometimes and You should start planning for retirement the day you step into the workforce. After all, If you fail to plan, you are planning to fail. Retirement planning doesn’t only mean safeguarding your assets till you reach the age of retirement and using the funds after. Retirement planning is one component of your overall financial planning, your retirement plan may not be the same as everyone else, it is unique to each individual. 

To make Retirement Planning simple and understandable, I have come up with a model that is simple to use and covers every aspect of retirement planning. To put it simply a Holistic Retirement Planning consists of 5 elements:

1. Cash Flow Management
2. Tax Strategies
3. Healthcare Management
4. Long Term Care Management
5. Estate Planning

Following these guidelines alongside your dream retirement goals will help you achieve your goals efficiently and effectively. With my added service and input, your Retirement Planning will be easier than ever before. I will guide you step by step on and I guarantee that you can get an all-rounded Holistic Retirement Plan with me.

Let me share my personal Retirement Plan that I set up for myself. I have started investing in The Supplementary Retirement Scheme, also known as the SRS, which is part of the government’s strategy to aid Singaporeans Retirement Needs. As we all know CPF contributions are compulsory but a contribution to the SRS is on a voluntary basis.

Another way we can contribute to our retirement funds is by having an  SRS Account. Unlike the risk-free interest rate to our CPF contribution (2.5% and 5%), contributions made to our SRS accounts only generate a nominal interest of 0.05% per annum. Although the interest rate may seem low, the main advantage of SRS is that it offers attractive tax benefits. Voluntary contributions made to your SRS account are eligible for dollar-for-dollar tax relief. 

I have decided to come up with a new book on Holistic Retirement planning and 

 I NEED YOUR HELP

 Fill up the survey below so I have a gauge on what to include in my new book.

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Your Simple Guide to LPA

Date Posted: 24/09/2021

Love them just a little bit more

I Wrote my will immediately. I got married and did the Lasting Power of Attorney(LPA) immediately when Singapore announced the launch of LPA. Am I kiasu? I think I love my family a bit more than some other people, I hope you’re just like me. Love them a little bit more. Prevention is better than cure.

So what is an LPA?

Similarly to a Will, it is important to draw up an LPA before anything happens to you. LPA is a legal document that allows a person aged at least 21 – called the donor – to voluntarily appoint another individual – called a donee – or multiple people to make decisions and act on their behalf if they lose mental capacity. The LPA gives you the flexibility to make plans for your mental incapacity and allows you to choose the person who can make your financial decisions when you can no longer do that for yourself. 

Click here to find out more: https://www.straitstimes.com/singapore/politics/msf-to-ramp-up-efforts-to-raise-awareness-about-lasting-power-of-attorney

So when should I do an LPA?

LPA is as simple as ABC. You can even do the LPA at your own comfort of your home. You should make an LPA as soon as you can. There are 2 types of LPA forms:

• Form 1: being the basic where it grants Donee’s with general power with certain restrictions, which can be done on your own or with a help of a professional and eventually get it certified by an Certified LPA issuer.
• Form 2: Where the Donee’s are granted with customised power, but this has to be drawn up by a Lawyer

You can have up to 2 Donee’s and 1 Replacement Donee under LPA Form 1. My team and I will be there for you from the beginning to end for a hassle free LPA process as a value add. As a value creation, we even help you draft a holistic estate plan with a care plan and Letter of Intent.

To find out more of the LPA process click here: https://lastingpowerofattorney.finance/lpa-process/

1. Network and have more friendships as well as good connections in both financial services and investments markets.
2. To Gain exposure to new ideas, skills and knowledge and to exchange with people from the industry.
3. Better practices to improve my profession from education, friendship acquisitions and implementations on what I learned

With this new certification I will be able to better serve you with utmost excellence while maintaining a friendly front. Therefore, I would like to tell you more about the importance of Timely Financial Health Checks.

Why Financial Health Checks?

Just like how we do an Annual Medical Health Check, it is as important to do an Annual Financial Health Check. During a financial health check, you will be able to assess your current financial situation in relation to the financial goals you’ve set for the past year and set a new goal for the upcoming year. We can see what improvements/ changes we should make to our Financial Plans to reach our goal effectively. 

During a Holistic Financial Health Check:

1. I will thoroughly assess your Financial Status and discuss your goals and concerns with you. 
2. Through this assessment we can have a better understanding of your Financial Position and Set an optimal goal that will work with your needs and plan the journey on the road ahead with you. 
3. Additionally, I can give you a second opinion on your current insurance policies and investments, and advise what you can do to improve your current financial standing.
4. I can also help you with planning your Mortgage loans and your Estate Planning 

With my Vast Knowledge on Different Policies from Different Insurance providers, I can guarantee that you will receive the best deals. To Know more about the Services I provide, be sure to check out this Video!

Relationships

To show my appreciation to my Senior FCs in my Agency, I signed up for a course to learn how to design watches from scratch. I wanted to thank them for knowing them for more than 15 years and for their friendship.

Spiritual

For peace of mind I invest in a sustainable mini home garden in my HDB Apartment. I usually use Black soldiers fly and earthworm to build the soil to grow my sunflower for its essential oil, apart from sunflowers I also grow Potatoes, Honey Dew, Peppermint, Mulberry and many more

Education

I have also completed another new book, in addition to my other 5. This time around it is a book about Entrepreneurship for people in my age group, in Chinese/ Mandarin. This book serves as a guide for people who are looking for opportunities to turn their life around. Age is just a Number!

I have also been awarded the CIAM (Chartered Insurance Agency Manager) Certification, I learned that I am one of a handful of Singaporeans receiving this chartered certification. This prestigious designation proves that I am a Professional and competent leader in today’s insurance marketplace.

For more information, please visit https://tinyurl.com/3mukudzt

Financial & Career

I have qualified to be a member of the MDRT again! And this time I have set a personal record and achieved it within 6 months! This is a happy moment for everyone who has been supporting me daily and myself. I would like to thank each and everyone for their continuous support and to my supportive clients who have made this possible for me!

For more information, please visit  www.mdrt.org

A Better Person Than I Was Yesterday!

Being part of this journey molded me to give only the best Services that my clients deserve and giving them a personalised care catered to each individual. 

I pledge to persevere and to do my best for each of my clients, while diligently following up with them and being Ethical at the same time. I assure you that your finances are in good hands if you were to engage with me. 

This article is for general information only and does not take into account the specific investment objectives, financial situation or needs of any particular person. The views expressed herein do not necessarily reflect the views of PriavteWealth.Sg and should not be construed as the provision of advice or making of any recommendation. There is no intention to distribute, or offer to sell, or solicit any offer to purchase any product. We recommend that you seek the advice of a qualified financial advisory professional before making any decision to purchase an insurance or investment product. Whilst we have taken reasonable care to ensure that all information provided was obtained from reliable sources and correct at time of publishing, information may become outdated and opinions may change. We are not liable for any loss that may result from the access or use of the information herein provided.