- Cash Flow Management
▪️Identify your income and expenses to get the full picture of your financial status which includes assets, liabilities, and net worth.
▪️A proper cash flow management includes setting short-term, medium-term, and long-term goals.
▪️Budgeting is to organize how you spend your money and prepare emergency funds to cover financial emergencies.
- Investment Planning
▪️Developing the ideal investment to meet your goals are about strategies that takes your risk tolerance and the timeline of your goals into consideration.
▪️Diversification reduces your investment risk by allocating your funds to different types of financial instruments, industries, and categories.
- Risk Management
▪️Risk Management is all about protection for you, your loved ones and your assets.
▪️It will take replacement of income into consideration that provides financial protection when uncertainty happens that prevents you from working.
▪️Medical bill is a huge expense that majority could not afford. Hence, it is important to have medical coverage.
- Estate Planning
▪️We hope to leave something to our children. To ensure our estate would be given to the beloved one, a Will may solve the concern.
- Retirement Planning
▪️Retirement planning helps you to set your financial objectives and lifestyles during retirement.
▪️It is important to calculate your cash flow in order to define if there is surplus or shortfall to reach your retirement objectives.
- Tax Planning
▪️The objectives are to ensure you are aware of the tax compliance and utilize the eligible tax reliefs.