FRUGAL TO STAY AFLOAT IN TRYING TIMES

Peer pressure are some of the deterrent factor for us to exercise prudent spending. Since childhood we have been told by our parent to leave within our means.

To stay connected with our peers we buy things which often bring our status to be on par with our colleague to find out later that it was not a necessity to us.

It is because of such choices that resulted younger people get entangle with bankruptcy action within early career life despite acquiring high academic qualification.

In this respect, excellence in academic qualification is not a full proof defence to overcome from being overwhelm with debts.

It is reported that significant number of defaulters resulted from personal loans, hire purchase and credit cards. On closer look, this are considered as short term loans tempting to resolve short term interest but have great future consequences if repayment capacity remain unstable or at worst income stop flowing due to loss of job.

Borrower in this case is being misled to believe that they have the means to sufficiently cover their repayment since financial institution approved their loans. However, they fail to comprehend that the benchmark administered by the bank in the financial assessment where loans repayment remain below 30% of gross income earned, considered as acceptable borrower.

Matters can easily get out of hand when borrower, fail to account their true expenses and other financial obligation, let alone maintain savings as cushion on rough times.

So, being prudent is actually exercising frugal spending even when you are not facing stretch in your income.

As the saying goes, a pound saved is a pound earned.

OLD AGE WITHOUT FEAR

It is very much depend on what your age now for you to ever imagine the magnitude of living after retirement.


For someone just reaching the age of early twenties, coming out from tertiary education, the thought of retirement never cross the mind. It is a normal phenomenon for every human being.


For those of you at the brink of of retirement, where your personal savings and investment is sufficient, less likely will you ever think that investment issue get much attention when personal wealth ambassador knocks your door.


Yes, you normally feel contented when you are seemingly far away from disaster or misgivings but that is the time, you are actually vulnerable.


In actual fact those of you with lesser income just coming out at early career ladder, there are ways to tailor your investment based on your affordability. It may not be giving you the comfort of early retirement but it can be an affordable step to take. Why would you want to secure your comfortable future by risking your current financial obligation which will end up unfulfilled.


On the second scenario, those of you that fully equipped yourself with good investment judgement in your early working life, you will rarely consider the situation of your own family members, especially your son and daughter. Rather than just leaving behind a chunk of money, it's equally important for you to inculcate prudent investment to enable your descendant establish financial independence instead of depending on you.


The last thing you would want is to call on representative of personal wealth that is eager to propose higher future savings & benefits but overlook your affordability. (just because they want to reap maximum commission out of your case.


We can assure you that won't be the case for us.


Ideally, when you email us your inquiry, please indicate your age,marital status, career in which industry, your dependency & estimated yearly income.



The above-mentioned information would certainly helps us to formulate some range of package that would be suitable for you during our personal presentation.



Write to us at aminjoe62@gmail.com