Do you plan in long term or for short term?
It is ususally the poor that are planning for the short-term. They plan to have enough money to pay off their credit card bills, phone bills, monthly income tax, to get a new branded wallet etc etc at the end of the month or few months later. It is because they do not have sufficient, hence planning for the short term and it is because they are poor planner, that is why unable to plan for the long term. It is a vicious cycle.
As for the rich, they normally think for the long run. The rich would usually enjoy life with their money, with a certain % for investment and saving to achieve financial freedom for the future.
No matter how little money one has, we must start cultivating the habit of managing our money.
So the key is: Get started!
Tuesday, December 2, 2008
Friday, November 28, 2008
Benefits of being a financial consultant
1. Flexibility in time
2. You determine your own pay cheque
3. Opportunity to meet people from different walks of life
4. Able to help people in meeting their needs and fulfiling their dreams
5. Free from office politics
6. Not desk bound
7. Challenging and exciting life
8. Able to make many true friends
2. You determine your own pay cheque
3. Opportunity to meet people from different walks of life
4. Able to help people in meeting their needs and fulfiling their dreams
5. Free from office politics
6. Not desk bound
7. Challenging and exciting life
8. Able to make many true friends
Thursday, November 27, 2008
Jessica Lim’s Team Philosophy
1. We believe we are in a wonderful business and are proud to be a financial consultant.
2. We want to help people by reaching out to our relatives, friends and any strangers; helping them to attain financial freedom which includes taking care of their basic insurance needs, children’s education and retirement requirements. Improving people’s quality of life by ensuring their dreams are fulfilled through wise investment decision and good planning.
3. We want to achieve minimum Income Summit Club target each year and bring home a sound income to provide for our loved ones.
4. We love challenges and will always do our best to beat our own best records achieved.
5. We understand that making phone calls to secure appointments, going for sales appointments and presentation, closing sales, asking for referrals and servicing our clients is the blood for our business. Our livelihood depends on all the above.
6. We want everyone in our team to be successful, helping each other and stay united.
7. We will conduct our business professionally and adhere to our industry code of ethics.
8. We want to lead a balanced life. Spending our time productively in work and personal enrichment and yet spend quality time with our families and loved ones. We must also take care of our health and spiritual growth.
2. We want to help people by reaching out to our relatives, friends and any strangers; helping them to attain financial freedom which includes taking care of their basic insurance needs, children’s education and retirement requirements. Improving people’s quality of life by ensuring their dreams are fulfilled through wise investment decision and good planning.
3. We want to achieve minimum Income Summit Club target each year and bring home a sound income to provide for our loved ones.
4. We love challenges and will always do our best to beat our own best records achieved.
5. We understand that making phone calls to secure appointments, going for sales appointments and presentation, closing sales, asking for referrals and servicing our clients is the blood for our business. Our livelihood depends on all the above.
6. We want everyone in our team to be successful, helping each other and stay united.
7. We will conduct our business professionally and adhere to our industry code of ethics.
8. We want to lead a balanced life. Spending our time productively in work and personal enrichment and yet spend quality time with our families and loved ones. We must also take care of our health and spiritual growth.
The only investment that never shrinks
The values of proporties have come down by quite a fair bit as compared to year 2007.
For investors holding shares, probably their net worth has shrunk by 20% to 40%.
What is the only investment that will never depreciate regardless of market condition?
The answer is: Life insurance policies
Once policy is taken up, immediate estate is created and if it is a traditional life insurance policy with participating bonuses, values will continue to grow with time.
Financial planning should starts from the very basic.
For investors holding shares, probably their net worth has shrunk by 20% to 40%.
What is the only investment that will never depreciate regardless of market condition?
The answer is: Life insurance policies
Once policy is taken up, immediate estate is created and if it is a traditional life insurance policy with participating bonuses, values will continue to grow with time.
Financial planning should starts from the very basic.
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