Saturday, 10 December 2016

The Difference Between Smart Financial Advice and Smart Financial Advice For You (2)


Read? The Difference Between Smart Financial Advice and Smart Financial Advice For You


 Year end coming!

 It is a good time to take financial advantage of Government's incentive for retirement planning!

Of course we should BUT ....
How many truly understand this diagram?



Net Worth and Cash Flow?

 Rich Assets and Good Assets?

 Big Fat Purse and Small Thin Wallet?

 Single and Married with kid(s)?

 Our parents are asset or liabilities

 Not same hor!





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3 comments:

  1. Small Time Investor10 December 2016 at 12:03:00 GMT+8

    Hi Uncle 8888

    hmm one is for protection, another should be for accumulation.

    The accumulation part is more controllable and depends very much on individual.

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    Replies
    1. Createwealth888810 December 2016 at 12:30:00 GMT+8

      Every individual must think hard and harder whether smart financial advice that they came across are truly good for them for many future years as some financial decisions made are non reversible.

      Delete
  2. Small Time Investor11 December 2016 at 11:38:00 GMT+8

    Uncle temperament

    That's where this "bond" is more advantageous to the rich.

    There's this 1m65 video about the accumulation from this entrepreneur. Guess where was he from before he is an entrepreneur?

    ReplyDelete