You can optimize your money @ Financial Growth Summit Penang 8 aug15
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You can optimize your $ Starting Today 你你你能你你你你你 - 你你你你 by Lieu Ching Foo ( 能能能 ) (Financial Planning Manager, Penang office) Cheng & Co Chartered Accountants (a practice office of Standard FA) Licensed, Independent Financial Adviser, CFP CERT TM
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Transcript of You can optimize your money @ Financial Growth Summit Penang 8 aug15
You can optimize your $ Starting Today你如何能 优化你的钱 - 今天开始by
Lieu Ching Foo (刘正富 )(Financial Planning Manager, Penang office)
Cheng & Co Chartered Accountants(a practice office of Standard FA)
Licensed, Independent Financial Adviser, CFP CERT TM
我是谁?
Why is Money Optimization so Important?
The Truths about Insurance Industry
RM 342k
RM 342kRM 342k
RM 342k RM 342k
Life Planner/Wealth Adviser/
Financial PlannerMotivation/incentive/sales
meeting
Salaried RM 3k-5kContract - 18
months
Sold to 20 family members and
friends (SUPPORT!)
Unable to sustain and meet sales
quotaAgency Manager
Annual Premium = RM 10,000Total Commission payout = RM
17,100
Endowment/Savings Plan
Case Study: Reveal the Truths of Insurance Savings Plan
Case Study: Comparison for 33 years old Male
● RM 500k Life & TPD coverage● RM 150k Critical Illness coverage● RM 1 million lifetime limit for RM 200
Room & Board medical card
Pay a cheap insurance policy of RM 250/month
Invest the surplus of RM 1,800/month
● Invest RM 22k/year● Return rate = 6% per year● Duration = 30 years
Total = RM 1.84 million
Pay savings plan/endowment insurance premium of RM 2083/month or RM 25k/year
● RM 35k Life & TPD coverage only● RM 0 Critical Illness coverage● No medical card● *RM 495k Life & TPD at Age 52
● Get RM 5,000 every year for 30 years (RM 150k total)
● Get guaranteed lump sum RM 150k @ Year 30● Get projected low lump sum RM 528k @ Year 30● Get projected high lump sum RM 829k @ Year 30
*Note: Projected lump sum include guaranteed lump sum
Protection + “Investment” Combined
Splitting Protection & Investment
This is just 1 aspect of money optimization...
Do you agree? By Warren Buffett - 沃伦 ·巴菲特 在你的生活當中 , 只要你不做太多的错事 , 你只需要做很少 ,正确的事 .
By Tun Mahathir...
Here are the Benefits Financial Consultation will Bring to your Life and/or
Business
Catch and Fix Issues or Financial “Blind Spots” before they Snowball
Reduce Financial “Leakages” which could Compound over Time
Reduce Financial Mistakes, Knowing What to Do and When to Do It
Save Precious Time, Letting you Focus on your Job/Business
Grow & Optimize Wealth without Listening to External “Noises”
Can I afford this?
