Singapore is going to raise their living costs, and you have to be financially ready to slim your expenses and liabilities. My point here is if you don't plan, you are in the hot soup. Moreover, it will be very detrimental for you not to plan your finances, and I mean really really plan and break down your finances in very reliable and accurate details.
As it is being discussed, the goods and service tax (GST) is inflated by 3% to 10% and it is definitely has a great impact to the country. A chicken rice set that costs $3.50 has now gone up to $4. Or even more than stated. Singaporeans and not forgetting everyone who lives here and travels here has to really seek professional financial advise. These do not only apply to individuals but to businesses too. The more liabilities and assets you have the more you should protect it!
But look on the bright side, with the government setting up the GST Offset package, it is definitely a relief for us. Government has also put on ways to help and guide us through in coping up with these changes. Employers are also helping their staffs with bonuses and salary increment. Thumbs up for them!
I hope that in time to come, our children and future generation will live peacefully with their financial securities in hand and in mind.
We should educate them with financial literacy and knowledge right from the start. Make them understand about their current finances and plan ahead.
Food for thought,
The way to beat inflation is through investments!
Till then,
Syed
Showing posts with label financial. Show all posts
Showing posts with label financial. Show all posts
My answer to Yahoo! Answers about retirement
Preview your answer
Yahoo! editor Question
Do you think you will be able to retire by 60? Why?
According to a CNA report, a survey showed that 60 per cent of Singaporeans want to retire by the time they reach 60 years of age. However, only 40 per cent have developed - or intend to develop - a proper retirement plan.
What do you think? Are you able to retire by 60? Share your views with us.
ricky m Your Answer:
Yes, im able to retire by 60. because why? I believe in insurance because they provide protection as well and give great returns(guaranteed/non-guaranteed). I have start savings with insurance,American International Assurance to be exact. I have made retirement planning and financial planning too. And guess what? I'm only 23.A Singaporean. And even till now, I am also buying more insurance plans and also working hard to earn and pay myself first, that is through savings, so that I can have enough money when i retire to sustain till the rest of my days.
I believe everyone wants to retire healthily and wealthily, if not for ourselves, then for our children of course. Some might say, my husband is my financier and some might say my kids will definitely support me. But let me ask you, is enough ever enough? Therefore,Singaporeans and including the PRs too, should start to have this mindset and beliefs that retirement in Singapore especially, goes all the way early; the earlier you plan, the faster you accumulate wealth for yourself & family and retire happily.
Source(s):
http://ziadspreebizwiz.blogspot.com
You can share your views now about retirement,savings and protection.
Yahoo! editor Question
Do you think you will be able to retire by 60? Why?
According to a CNA report, a survey showed that 60 per cent of Singaporeans want to retire by the time they reach 60 years of age. However, only 40 per cent have developed - or intend to develop - a proper retirement plan.
What do you think? Are you able to retire by 60? Share your views with us.
ricky m Your Answer:
Yes, im able to retire by 60. because why? I believe in insurance because they provide protection as well and give great returns(guaranteed/non-guaranteed). I have start savings with insurance,American International Assurance to be exact. I have made retirement planning and financial planning too. And guess what? I'm only 23.A Singaporean. And even till now, I am also buying more insurance plans and also working hard to earn and pay myself first, that is through savings, so that I can have enough money when i retire to sustain till the rest of my days.
I believe everyone wants to retire healthily and wealthily, if not for ourselves, then for our children of course. Some might say, my husband is my financier and some might say my kids will definitely support me. But let me ask you, is enough ever enough? Therefore,Singaporeans and including the PRs too, should start to have this mindset and beliefs that retirement in Singapore especially, goes all the way early; the earlier you plan, the faster you accumulate wealth for yourself & family and retire happily.
Source(s):
http://ziadspreebizwiz.blogspot.com
You can share your views now about retirement,savings and protection.
Heard about the news?
Have you heard about the news regarding the sueing of the 10 FIs(we dont want to expose any) regarding the issues of structured notes? And connections with the Lehman Brothers?
Well, this is all due to the untrained and unqualified financial advisory representatives that went to the extent to issue structured notes for their potential clients and investors.
In the end, this was what happen. Banks get sued for this kind of folly. Bankruptcy seeps in. as the did not have the capability to advise them regarding investments and so forth.
So remember, when comes to investing, always be in the right mind to invest and be fully informed of what your investments can turn you into.
Well, this is all due to the untrained and unqualified financial advisory representatives that went to the extent to issue structured notes for their potential clients and investors.
In the end, this was what happen. Banks get sued for this kind of folly. Bankruptcy seeps in. as the did not have the capability to advise them regarding investments and so forth.
So remember, when comes to investing, always be in the right mind to invest and be fully informed of what your investments can turn you into.
feel free to drop your comments with your name and email. And I would be more than glad to of service to you regarding any queries.
The aim for this BiZ for The Wiz
Hi there!
Seems familiar huh?Well, im Ziad here, and welcome you to my business blog where i welcome business adverts,services,experiences and even job employment seekers to share the interests and the needs of today's economy and not forgetting where you can find the tips and sleaze for today's online business and financial planning!
Drop your comments and suggestions!
Will see you soon.
Ziad
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