Have you ever plan for your finance?
In today's competitive world, planning ahead will surely do you some good as you grow older year by year.
For me, I didn't know anything about financial planning except for saving and buying insurance for safety purchases.
I am not an expert in financial planning but i came across this interesting article about financial planning from KC Lau, a famous blogger in the financial niche
Source: KCLau.com
An Interview with Alex Yeoh: What Should You Know About Financial Planning
We interviewed Alex Yeoh, a licensed financial planner with VKA Wealth Planners (A financial planning firm licensed by Bank Negara Malaysia and Securities Commission Malaysia). He can be reached at email: alexyeoh@vka.com.my
Why Financial Planner is a career that one should consider?
Financial products and services are getting more complicated nowadays. In order for general public to understand and make informed decision therefore is getting more difficult as well. Then, the role of Financial Planner is important to understand your financial needs and identify which products and services suits you the most.
In developed countries, no wonder financial planner was listed as one of the most sought after career (beside one of the most rewarding career). Was Malaysia moving to be a developed country also? If yes, then financial planner is definitely a career we should consider.
What will be the challenge in personal financial planning?
The most challenging part is that people know what should they do, but didn’t execute it. I am talking about the discipline issue here. Most of the time, people tends to procrastinate although they knew actions should be taken immediately for their own benefits. Another challenge is many people do not want to disclose their actual financial conditions. Then, how financial planners are going to give you the best advice?
How do you assist in tax planning?
In tax planning, our main role is to help taxpayers to minimize taxes by optimizing the various tax reliefs given. We cannot run away from paying taxes even on death. Of course, it would be more complicated in taxation planning for corporate and business owners. But, one thing I would like to highlight here is we can only help clients to minimize tax, not to avoid tax.
For more, go to the link above.....
Hope you like the info,
Happy trading,
Yours sincerely,
Check Out my other posts here- My Justinnation
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