What is Financial Planning

A comprehensive evaluation of an individual’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans.

  • Is the process of meeting your financial goals through the proper management of your finances?

  • Financial goals can include buying a home, saving for your child’s education or planning for retirement.

  • Is the result of listening, consultation and interactive financial assessment?

  • It is not a product, but is a comprehensive assessment of the needs

Why Financial Planning is importance?

Hedge against inflation, impact of inflation, Malaysia Medical Inflation

  • Save for future: Becoming financially independent after retirement
    (If we retire with no savings or have no plans to save for retirement, we become a burden to our families.)

  • Standard of Living: Ensure there is enough fund coverage to replace any lost income should a family bread winner become unable to work.

  • Most children are depending on parents in their financial support

Advantage of Financial Planning?

5 Pillar of Wealth

  • Wealth Creation,

  • Wealth Accumulation

  • Wealth Protection

  • Wealth Distribution

  • Wealth Enhancement