financial planning

financial planning

Effective financial planning is about building your wealth gradually and consistently. There are, however, some worryingly common financial planning mistakes that can keep you from doing any good to your money.


Here are those 6 mistakes that you should avoid:


1. Ignoring Inflammation.


2. Undervaluing long term expenses when considering retirement.


3. Not saving enough or investing when you are young.


4. Investing too aggressively or too conservatively.


5.?Making financial planning all about investing


6. Thinking that Insurance is about saving tax


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LAWRENCE KOH

Wealth Optimizerâ•‘Unit Trust Investment Portfolio Designerâ•‘Mentor for Mid-Career Switch Financial Consultantâ•‘Estate Planning Strategistâ•‘(ChFC?/S)

3 å¹´

Thanks for sharing Helia Singh I Wealth Coach . I just wish to add one more to the list. Trying to D.I.Y. your financial planning tops it all. I believe earning money is a full time job and managing money is another full time job. So anyone who is not happy with their financial outcome maybe managing money on a part time basis. It's like self medication when you are not feeling well. It remove the symptoms temporary but may not cure the root of the medical problem which may turn for the worse. There is a reason why professional has to be licensed. Our advice carry liabilities and consequences as we help to make a difference to our client's outcome.????

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