Suppose
you want to build a house for your growing family. Perhaps
it might look something like the illustration. Perhaps
you already have a home but this illustration of building
a house is like building a financial plan. You are the
developer. Your job is to buy some prime land, hire
the most skilled architect and contractor, find the
best material and make sure the job is done right.
The
same is true for your financial plan. You are responsible
for constructing a solid plan. If you are not sure of
how to construct a financial plan, you might want to consider
the services of a financial adviser and planner who you
can work with to achieve your goals. But those who are
in a position
to
seek professional advice would normally have saved a tidy
sum of over RM100,000. Does that mean you don't need to
plan until you have saved that amount of money?
No,
begin your financial planning now so that you can achieve
the amount of surplus cash quicker than without a plan. In
the next lesson, we will teach you how to build your surplus
cash.
If
however, you have achieved your surplus cash of over RM100,000
and are looking for a financial planner to assist you further,
here are some points to think about.
In
dealing with a planner it is wise to have a basic knowledge
of:
Investing
products available in Malaysia, such as unit trusts, bond
funds, property trusts
