❥Failure is success if we learn from it

❥Friday, May 15, 2009,5/15/2009 12:01:00 AM

❥A Brand New Day Is Always A Brand New Start

Something Interesting

Its not to one's surprise when many people think of this:

they think of this: the middle finger

And we all know why, most of you associate financial planning to pushy financial services consultant / insurance agents. There's always this preconceived notion that we are just trying to suck your money by peddling our products to you. We cant really blame you, neither can you really blame us.

Because some of us are trained in such a way that financial planning is all about recommending products to suit your financial needs / goals. Thats where our money come in, you see. The thing is, financial planning is totally not about that at all.I'll like to debunk this term 'financial planning' or at least taking away its negative connotation.

ITS NOT ALL ABOUT BUYING AND BUYING SOME INVESTMENT PRODUCT OR SOME SAVING PLANS OR SOME INSURANCE POLICIES TO MEET YOUR FINANCIAL GOALS OR WHAT.

I cannot emphasize this any further, financial planning doesnt start from your needs and wants. It starts from how much you have, how much you are currently spending, how much you are saving etc. In other words, it starts from your money cashflow management.I dont want to shamelessly promote my industry but I think financial planning or rather financial education is very very important. In fact I feel our schools are lacking in financial education (talking about Primary and Secondary).

We have sex education, what about money? What, the problem of unwanted pregnancies more prevailing than people on unpayable debts? Compare a young teenage parent to a bankrupt. If you have to choose, which you rather be?I'm not saying sex education is not important, I'm saying both are equally important. Look at today's financial crisis, if we are all equip with proper financial education from young, would we be in today's situation?

In fact if you learn a thing or two about financial education, not only you dont have to worry about your expenses, end of day when you retire, you'll be surprised the amount of savings you have :P I come to know of a mentor of mine who told me he actually got his HDB flat for free. I'm serious! Not that the government literally gave it to him for free, but with a little financial knowledge, he knew how to turn his asset to generate money for him. That money was used to offset his HDB installments. Eventually, is he paying for his HDB? Nope :)

If you are still skeptical about talking to an agent about learning financial knowledge, at least go and buy or borrow some books on it. Trust me it is really really useful! :)

P.S. Got this post from http://www.ihateinsurancesalesman.com

For friends, or someone who happen to read this blog, feeling like pointing a middle finger at me... stay tune to more... or u can just go to the website to read up yourself to understand the pain we go through.