All posts – Page 12 – CFP, representing Financial Alliance

The 8th wonder- Compound Interest

If you’re 25 now and you set aside $5,000 for retirement, you would have $7,444 at age 65, if you earn 1%p.a.
At 5%p.a, the number goes up to$35,199
At 8%p.a, $108,622
At 10%p.a, $226,296

This is the power of compounding interest and time.
Back in school, these were to some extent just numbers and theories to me. But being in the line have gotten me to learn that it’s not about the numbers (it’s not even about making money). It is about making the better choices in life. about making the numbers work for you so you don’t have to work for the numbers.

small change, huge difference

we will never know the difference a little effort makes until we make the change.

Want to earn more? Save more.

A person who earns $5k and spends $4k has the same money as someone who earns $3k and spends $2k.

The equation is simple. If you really want to ‘earn’ more, you need to ‘save’ a little more.

But as simple as it sounds, most people would put off savings with reasons such as “I do not have enough!” and the most common statements that follow are “I will start saving when I have more money”, “I will save when I get my next pay increment”.

To assess if it is really true that you do not have enough, imagine the Continue reading Want to earn more? Save more.

NineThirtyFA.

Why am I starting a website now?
I have been in the Independent Financial Advisory line for 2.5 years now. For the past years, I have acquired clients mainly through cold calling but I realised that it simply was not fast enough. I want to reach a bigger crowd at a faster pace – to share the little financial facts and tips that I come across as a financial consultant. To share some of the life lessons that I learnt from my own clients & mentors- because in this line, you really see/hear quite a bit.
Also, I see my financial advisory career as more than just a Job. I see it as my business and this is simply part of my effort to better engage and service my clients & friends.

well, and most importantly, i think I will really enjoy this!

Why NineThirtyFA?

I struggled to think of a name and I swear it’s tough. I want to keep it relevant and easy for people to remember and I want to retain ‘FA’ in the name -FA for Financial Advice (please don’t judge my lack of creativity). However, nothing seems to go well with it.. Seriously – littleFAfacts, FaJotter, FAnote, SGFA?!? My business marketing background did not help one bit. Continue reading NineThirtyFA.