Early Retirement or mandatory, we should have a plan .
A written plan that lay out the steps to be taken with specific dates to achieve it by. A plan that will enable us to rnjoy our golden years to the fullest- being financially independent, physically fit, mentally prepared and emotional exhilarated.
Why Retire Young ??
- The best thing about retiring young is that it allows us more time to live our way, doing what we have always wanted to do, as and when we intended to do .
When to Plan?
-Early, Right now !!
Save & Invest
-Most people can appreciate the importance of saving and investing eary for their retirement, but however the pressure of consumeristic society that we live in make the plan difficult.
-People constantly have to choose between spending the money now and saving and investing for the future.That is why having a clear goal and action plan is very important.
-If you make more money but spend even of it, you will never make it, instead it will create more debts will will eventually erode your income that you will earn in future.
Life Purpose
-Retirement is no longer a function of age, it is the function of affordability. And money is time in a foldable form.
A true Fact
-Many however are trapped in a huge mountain of debts which do not permits them from retiring early and most of them spend their entire life repaying debts.
Sunday, November 20, 2011
What is the Most Valuable Asset You Own?
Is it Your Car?
- Suppose that it's totally wrecked , how much would the total loss be?
Is it your Furniture?
- Suppose that it's totally ruined, how much is the replacment cost be?
Is it your House?
- Suppose that is it burned to ground, how much would you require to built the house again ?
Is it your Properties Investment?
- Suppose that your Investment suffered a wipeout, how much loss would you incurred?
Is it your Stock & Shares?
- Suppose that your stock dips to a rock bottom, how much would you suffer in loss?
All the above things will not exist without your presence and your expertise!
YOURSELF
- Suppose your earning power is destroyed, how much would your lost income amount to $$$$$$???????
Assuming you are retiring at age 65 and your current age is 26, and your monthly income is RM1,000, your potential income earnings would be RM 468,000.
Just imagine if your income is RM 5,000, what would your potential earnings be?
- Suppose that it's totally wrecked , how much would the total loss be?
Is it your Furniture?
- Suppose that it's totally ruined, how much is the replacment cost be?
Is it your House?
- Suppose that is it burned to ground, how much would you require to built the house again ?
Is it your Properties Investment?
- Suppose that your Investment suffered a wipeout, how much loss would you incurred?
Is it your Stock & Shares?
- Suppose that your stock dips to a rock bottom, how much would you suffer in loss?
All the above things will not exist without your presence and your expertise!
YOURSELF
- Suppose your earning power is destroyed, how much would your lost income amount to $$$$$$???????
Assuming you are retiring at age 65 and your current age is 26, and your monthly income is RM1,000, your potential income earnings would be RM 468,000.
Just imagine if your income is RM 5,000, what would your potential earnings be?
Thursday, November 10, 2011
Have You Written a Will ?
Do You Have A Valid Will ?
1. If your answer is NO, please read on.
2. 9 out of 10 adults in this country do not have a Will? - Some even don't know what a Will is?
3. Most assume that it is inconvenient, expensive and the process is too complicated. Some are afraid to even think of death.
4. But without a Will, the delay in processing your estate may cause hardship to your loved ones.
Why Write a Valid Will?
- to ensure that your assets go to the rightful beneficiaries
- to prevent disputes among beneficiaries
-to have someone in charge
-to prevent costly and long legal process
-unlock frozen assets in a shorter period -appoint guardian for your children
-peace of mind
If a person dies without a Will, the estate shall be distributed according to Distribution Act 1958 ( Amended Act 1997)
-Will need to apply for Letter of Administration
-Administration Bond is required
-2 Sureties required
1. If your answer is NO, please read on.
2. 9 out of 10 adults in this country do not have a Will? - Some even don't know what a Will is?
3. Most assume that it is inconvenient, expensive and the process is too complicated. Some are afraid to even think of death.
4. But without a Will, the delay in processing your estate may cause hardship to your loved ones.
Why Write a Valid Will?
- to ensure that your assets go to the rightful beneficiaries
- to prevent disputes among beneficiaries
-to have someone in charge
-to prevent costly and long legal process
-unlock frozen assets in a shorter period -appoint guardian for your children
-peace of mind
If a person dies without a Will, the estate shall be distributed according to Distribution Act 1958 ( Amended Act 1997)
-Will need to apply for Letter of Administration
-Administration Bond is required
-2 Sureties required
Friday, October 28, 2011
Tuesday, October 25, 2011
The No 1 Brand in The World
AXA Life Insurance - a member of AXA Global Financial Services is the TOP Leading Insurance Company in the world.
Striving to Serve the best to the Worldwide Community
Click the link below to view AXA Global
http://www.interbrand.com/fr/best-global-brands/best-global-brands-2008/best-global-brands-2011.aspx
Thursday, October 20, 2011
Will Writing & Trust
FREE WILL-WRITING SERVICES
Call in 016-4833 007 to find out how to get the services for FREE!!!!!!
-<>---<>---<>---<>---<>---<>---<>---<>---<>---<>---<>---
What is a Will?
A Will is simply a last letter written by a decease prior before his death, giving instruction on how his/her wealth should be distributed.
Without a proper will, there will be dispute and thus cause all the friction between the parties claiming to own the estate of the deceased.
What is an Estate?
Simply all the things own by the decease, such as money in banks, properties such as bungalows, houses, apartments, land, antiques, shares, bonds and etc.
How the estate is to be distributed will solely depend on what is written in the will.
Bear in mind, departing away to heaven would mean a hell for the survivors on earth . In fact it will incurred more cost and time than writing a will before death .
Why not call or e-mail for an appointment to write your will for free?
E-mail : lgseng2@yahoo.com
Call in 016-4833 007 to find out how to get the services for FREE!!!!!!
-<>---<>---<>---<>---<>---<>---<>---<>---<>---<>---<>---
What is a Will?
A Will is simply a last letter written by a decease prior before his death, giving instruction on how his/her wealth should be distributed.
Without a proper will, there will be dispute and thus cause all the friction between the parties claiming to own the estate of the deceased.
What is an Estate?
Simply all the things own by the decease, such as money in banks, properties such as bungalows, houses, apartments, land, antiques, shares, bonds and etc.
How the estate is to be distributed will solely depend on what is written in the will.
Bear in mind, departing away to heaven would mean a hell for the survivors on earth . In fact it will incurred more cost and time than writing a will before death .
Why not call or e-mail for an appointment to write your will for free?
E-mail : lgseng2@yahoo.com
Banks Loans and Credit Facility
Today I received a call from a bank in Malaysia asking if I would like to take a loan from them. I had received numerous call such as this in the past but however , it never came across my mind what is the implication in our society today.
Banks today are very profit orientated in reaping interest from loans which is the revenue for banks . In the matter of fact they are actually destroying the retirement planning of Malaysian wheater we realize it or not. They are not encouraging force savings for rainy days but instead they are asking us ( the consumer) to apply for loans thus we will use our future income to buy unnecessary purchases.
Promotion such as Credit Cards & Personal Loans are very common and are well marketed.
We had been burden by the housing loan and car loan and on addition we incurred credit loans /unsecured loan such as credit cards which increses our household debt.
It diminish our plan for savings and at the end of the day we cannot retire and continue to work because we have no choice but have to work in order to do repayment.
Proof of Malaysian banks discouraging public savings;
1) Low interest rate
2) Increase the advertisment on consumer spending such as credit cards, personal loans & etc.
3) Promote more on investments financial programme* ( please see below)
For investment product, banks collect the monies , earns the commission but transfers the "RISK" to the consumer. The banks makes profit if the unitholder gains or even loss in the investment deal.
When we talk about investment, we are talking about capital market such as shares and stocks.
If anything to do about investment, we are talking about risk.
How many of Malaysians or shall I say the lay man are " financilly literate" in investment in capital market which involves loss in capital. No doubt there are a handful of the so called " investors" that make money but a majority of the public lost their money as well.
A good example I met with a guy staying in a remote village in Penang;-
He was approched to purchase a unit trust of 50,000 units which is priced at RM 1 /unit. The marketeer whom is also a banker promises of ROI ( Returns of Investment) of 26% as quoted in brochures but however that was not the case when the guy came to redeem. He kept the certificates for 2 to 3 years and when he came to redeem ,the amount of money that he got was approxiamately RM 38,000 which is far less than RM50,000 . - He incuured a loss of 24% instead of 26%.
On top that he had to bear the Fund Mangers fess and misc expenses.
Supposingly the so called " Fund Mangers" are suppose to ensure to maximize the returns but however it turn out to be at loss. So why the heck should we pay the Fund Managers for!
If this poor guy would had put his money in FD he would make RM 55,168.08 ( assuming the interest of FD remains 3.5% for 3 years compounded)
Banks today are very profit orientated in reaping interest from loans which is the revenue for banks . In the matter of fact they are actually destroying the retirement planning of Malaysian wheater we realize it or not. They are not encouraging force savings for rainy days but instead they are asking us ( the consumer) to apply for loans thus we will use our future income to buy unnecessary purchases.
Promotion such as Credit Cards & Personal Loans are very common and are well marketed.
We had been burden by the housing loan and car loan and on addition we incurred credit loans /unsecured loan such as credit cards which increses our household debt.
It diminish our plan for savings and at the end of the day we cannot retire and continue to work because we have no choice but have to work in order to do repayment.
Proof of Malaysian banks discouraging public savings;
1) Low interest rate
2) Increase the advertisment on consumer spending such as credit cards, personal loans & etc.
3) Promote more on investments financial programme* ( please see below)
For investment product, banks collect the monies , earns the commission but transfers the "RISK" to the consumer. The banks makes profit if the unitholder gains or even loss in the investment deal.
When we talk about investment, we are talking about capital market such as shares and stocks.
If anything to do about investment, we are talking about risk.
How many of Malaysians or shall I say the lay man are " financilly literate" in investment in capital market which involves loss in capital. No doubt there are a handful of the so called " investors" that make money but a majority of the public lost their money as well.
A good example I met with a guy staying in a remote village in Penang;-
He was approched to purchase a unit trust of 50,000 units which is priced at RM 1 /unit. The marketeer whom is also a banker promises of ROI ( Returns of Investment) of 26% as quoted in brochures but however that was not the case when the guy came to redeem. He kept the certificates for 2 to 3 years and when he came to redeem ,the amount of money that he got was approxiamately RM 38,000 which is far less than RM50,000 . - He incuured a loss of 24% instead of 26%.
On top that he had to bear the Fund Mangers fess and misc expenses.
Supposingly the so called " Fund Mangers" are suppose to ensure to maximize the returns but however it turn out to be at loss. So why the heck should we pay the Fund Managers for!
If this poor guy would had put his money in FD he would make RM 55,168.08 ( assuming the interest of FD remains 3.5% for 3 years compounded)
Tuesday, October 18, 2011
Financial Independence: GS Lim - AXA Redefining Standards
Financial Independence: GS Lim - AXA Redefining Standards
Financial Service Provider
1. Life Insurance
2. Investment-linked Insurance
3. General Insurance
4, Savings Programmes/Retirement Planning
5. Medical Insurance
6. Critical Ilnesses Insurance
7. Business Insurance for SME/SMI
8. Keyman Insurance
9. Key Employee/s Insurance
10.Education Planning Savings Plan
11. Fire Insurance
12.Marine Insurance
13. Motor Vehicle Insurance
14.Term Insurance
15.Will-writing services
16.Small Estates
Financial Service Provider
1. Life Insurance
2. Investment-linked Insurance
3. General Insurance
4, Savings Programmes/Retirement Planning
5. Medical Insurance
6. Critical Ilnesses Insurance
7. Business Insurance for SME/SMI
8. Keyman Insurance
9. Key Employee/s Insurance
10.Education Planning Savings Plan
11. Fire Insurance
12.Marine Insurance
13. Motor Vehicle Insurance
14.Term Insurance
15.Will-writing services
16.Small Estates
Wednesday, October 5, 2011
Education Cost
A child born to a couple is a blessing from God, but however the responsibility and effort and cost of children is enormous.
Such can be calculated from the day the child is born until the child grows up and finally graduated from University or higher learning institute.
The cost of education is not cheap nowadays as it could cost your lifetime savings.
Furthermore, the child chooses to study abroad and the cost of expenses abroad and tuition fees, and thing are made even more costly with the rising exchange rate.
Such can be calculated from the day the child is born until the child grows up and finally graduated from University or higher learning institute.
The cost of education is not cheap nowadays as it could cost your lifetime savings.
Furthermore, the child chooses to study abroad and the cost of expenses abroad and tuition fees, and thing are made even more costly with the rising exchange rate.
Friday, September 30, 2011
Income Replacement Plan
Ask yourself the question?
WHO can replace my duty to provide money/income should I disappear tomorrow?
WHAT would be my family lifestlye when there is no source of income flowing in?
WILL it cost my children to stop schooling during my absence?
WHERE can my widow find additional income to support the family?
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Assuming that there existed a kind of machine that can produce money monthly/ yearly for you in your absence in due future , how much are you willing to pay for the maintenence today?
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WHO can replace my duty to provide money/income should I disappear tomorrow?
WHAT would be my family lifestlye when there is no source of income flowing in?
WILL it cost my children to stop schooling during my absence?
WHERE can my widow find additional income to support the family?
--------------------------------------------------------------------------
Assuming that there existed a kind of machine that can produce money monthly/ yearly for you in your absence in due future , how much are you willing to pay for the maintenence today?
--------------------------------------------------------------------------->
Cost Of Living
Years of Living /Cost Per Year/ Total Amount Required
19------------- RM30,000------------- RM570,000
19------------- RM48,000------------- RM912,000
19------------- RM60,000------------- RM1,140,000
The above was assumed as when you retired at age 60 and lived for 19 years, the amount required for yearly usage.
First one was for RM2,500 per month which was the most economical, while the second was based on monthly of RM4,000 per month and third RM5,000 per month.
Bear in mind, that the cost of living today cost RM 1,800 may cost twice or thrice 10 years down the road.
Do you think your savings is sufficient to cushion this impact ( inflation) ?
This is only the daily cost for food, shelter, clothing and utilities NOT inclusive of medical expenses.
19------------- RM30,000------------- RM570,000
19------------- RM48,000------------- RM912,000
19------------- RM60,000------------- RM1,140,000
The above was assumed as when you retired at age 60 and lived for 19 years, the amount required for yearly usage.
First one was for RM2,500 per month which was the most economical, while the second was based on monthly of RM4,000 per month and third RM5,000 per month.
Bear in mind, that the cost of living today cost RM 1,800 may cost twice or thrice 10 years down the road.
Do you think your savings is sufficient to cushion this impact ( inflation) ?
This is only the daily cost for food, shelter, clothing and utilities NOT inclusive of medical expenses.
Thursday, April 7, 2011
The Need Of Financial Independance
Welcome To A World of Financial Independence
Savings for Retirement
Why the need to start savings today? The road to retirement is a journey, planning early is essential as a saying goes like this:
"Nobody Plan To Fail, but Many Fail To Plan"
The real financial problem in today's society is that majority of people take for granted concerning their retirement. There are however 4 threats associated towards an individual's financial success.
- Death (Pre-mature death) - Loss of income producer, eventually leads towards a family financial catastrophy. ( especially when the children is young and the wife is a home maker)
- Disability ( Illnesses or Accidents ) -Inability to produce income but an increase of expenses such as medical treatment , nursing care, food and etc.
- Diseases ( Terminal & Critical Illnesses)-Long term treatment is costly, and this is added with the price of medication in which increases in a very fast pace.
- Old Age -Living cost increases due to inflation ( increase of cost in food, utilities, transport and also etc)
- Old age alone is not the problem, but living too long associated with financial woes is the problem. Most of us are too dependent on EPF ( Employees Provident Fund) but however, this is not sufficient to support us as along the way inflation crops up together with it. A survey was conducted and discovered that most retirees had their EPF funds exhausted in the first 3 (three) years after their retirement. The banks interest is not much of help. It is in the rock bottom now. Therefore it had dimishes the purchasing power of an individual to enjoy a comfortable lifestyle.
EPF alone had its weaknesses, as the Goverment had allow members to withdraw the monies for house purchases and etc. along the way prior before retirement , therefore it had decreases the value of amount saved. Balances would be much less and would unable to sustain a happy retirement.
Our Malaysian interest rates had not been very helpful, as we had observed that the rates are on a down trend track in the past 4 decades.
FALLING INTEREST RATES IN MALAYSIA
1997 - 9.33%
1998 - 5.74%
1999 - 3.95%
2000 - 4.24%
2001 - 4.00%
2002 - 4.00 %
2003 - 3.70%
2004 - 3.70%
2005 - 3.70%
2006 - 3.73%
2007 - 3.71 %
2008 - 3.55 %
2009(JAN) - 3.00%
2009(APR) - 2.50%
How Do We Combat The Problem ?
- Increase your savings! - but how when time is againt me!
- What happens if disability occur before I accumulate the funds?
- What if , I had been diagnose of serious illnesses that prevents me from working to accumulate the retirement funds?
Yes, we can solve the above problem !
Our agency has the right financial instrument to accomodate the problem. (Call us for details)
We will remain attentive and reliable.
Our Financial Product are Friendly, Reliable and Dependable, which caters for categories such as ;-
- Newborn Infants
- Children & Teenager
- Young adults
- Students in Higher Learning Institution
- Married couples
- Working class people /Professional
- Businessman
- Entreprenuers
- Middle age group /Senior group
- Ladies
Who are we?
We are AXA Life Insurance, the largest and leading financial institution in the world ;
http;//money.cnn.com/magazines/fortune/global500/2005
We are known as AXA AFFIN LIFE INSURANCE BERHAD ( in short AXA AFFIN)
a member of AXA Group Global Network
-Global Leader in Financial Protection -Trusted by 95 million clients worldwide.
-Global Financial Strenght - Euro 91 billion in revenues and Euro 4 billion in underlying earnings.
-Global Network - Present in 61 countries and 214,000 people worldwide.
-Global Expertise -Euro 1 trillion in assets under management.
Come and talk to us ;-
Call +6016-4833 007 or e-mail lgseng2@yahoo.com for free consultation .
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