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What is Financial Planning?

Financial Planning is a process whereby one tries to determine his financial status, and set a financial goal and means to achieve the goal set.

As one old saying usually quoted – if you fail to plan, you plan to fail.

Hence, without a proper financial plan, a person will not know his financial needs and wants now and the near future, and without the plan, he will not be focus in his daily financial requirement and may not have the meaning goal to strive for.

Why do we need a financial plan?

We need financial plan to help us in our effort to organize and plan our financial requirement in a more orderly and structured manner.

By having good financing planning, we can work out our objectives, policies, procedures, program and budget our financial activities to ensure we have an effective and adequate financial measures.

The importance can be outlined as-

  1. It enables us to have adequate funds.
  2. It helps in ensuring we have a balanced inflow and outflow of funds and thus have a stable cash flow.
  3. It helps us in ensuring we have growth of funds and in the long run we can have better survival in any financial crisis.
  4. It ensures that the surplus of funds are easily invested in instruments which generate good returns.
  5. It reduces any uncertainties with regard to changing market trends which can be faced easily through enough funds.
  6. It helps in reducing the uncertainties which can be a hindrance to any ventures we want to embark in.

What are the main components of Financial Planning?

  1. 1. Debt management
  2. 2. Risk management
  3. 3. Investment planning
  4. 4. Tax planning
  5. 5. Retirement planning
  6. 6. Estate planning

If we can follow the above six points to work out our financial planning, we do not even need to consult financial planner to devise a plan for us.

Financial planning plays an important role in our daily life and we need to pay serious attention to it, as a good financial planning will help us in a long run, especially in time of crisis.

With good financial planning, we can become more discipline, set our priority and work diligently towards the goals we set.

A good financial planning especially in this COVID-19 pandemic time can help to give protection to us for unexpected illness and loss of income.

We only live once, so we need to make full use of our live now and enjoy ourselves by having a good financial plan.

Would You Like to Know Exactly What to Eat to Lose Fat and Get Healthy Without Giving Up Your Favorite Foods or Starving Yourself?

This is the common question people ask when they want lose weight especially nowadays with this COVID-19 pandemic creating havoc in everyone’s life and forcing people to stay at home and work from home.

By staying at home, one tends to put on weight, all the more so when you are not able to go out to do your usual workout or just take a casual walk in the park.


If you're serious about achieving permanent fat loss and a complete health transformation while eating your favorite foods every meal…then perhaps you may want to try out this diet plan

It was reported that modern science especially those in diet and food science claimed that there is a diet which can strip off body fat while still allowing you to eat good food which usually will let you put on weight.

People usually have the opinion that they can not lose weight because they are genetically “doomed”, however, please do not be despair, no matter how frustrated you are after trying so many diet plans, you can still have the body shape you are looking for.

You see, getting into fantastic shape isn't nearly as cruel as nutrition and fitness “gurus” want you to believe.

Do you know the four most common diet mistakes that most people made in their efforts to have their dream body shap?

Mistake #1

Not being in a calorie deficit

I read somewhere the following:

“According to some “experts,” losing weight and keeping it off is all about controlling the types of food you eat.

They say particular foods are "fattening" because they pause fat burning and cause a hormonal environment that leads to weight gain... while other foods "balance" the system and stimulate fat loss.” Unquote

This is quite true, however this does not really give you the real picture of what actually is.

If you really want to have an effect weight loss and happy to see the scale number is thumbling down, you must make sure you have a diet of deficit in calorie.

A simple theory is, the more calorie you take in, and less calorie burnt, then you will definitely see the increase in the weighing scale pointer, likewise if you burn more calorie than you consume, the scale will come down.

According to one professor of human nutrition at Kansas State University, Professor Mark Haub, in his case study, he proved the above theory of more calorie burnt with less calorie intake

“He carried excess pounds and, knowing the importance of calorie balance, decided to do an experiment. For two months, he only ate foods like Twinkies, Oreos, Dorito, and protein shakes while maintaining a daily energy deficit of 800 calories.

The result? In just two months, he lost 27 pounds and reduced his body fat from 33.4% to 24.9%.”

If you want to lose fat, you must be in a calorie deficit.

Mistake #2

Severe calorie restriction that gives you the metabolism of a 90-year-old lady

Severe calorie deficits screw up your physiology. That's why almost all low-calorie dieters regain the lost pounds when they stop the program... plus, most often gain some more on top of that.

That is what is common knowns as “rebound”

Our body works in such a way that it can adjust itself if you are starving yourself, it will slow down the metabolism in order to prevent you from losing more weight

As a result, your body’s metabolism will plummet to prevent you from losing weight. This means that as soon as you come off your diet, your body will store as much food as possible as fat to prepare itself for the next starvation.

That’s why it’s essential to eat according to a calorie target fine-tuned for your body, your situation, and your goals.

Mistake #3

Thinking all calories are created equal

Most people want to lose weight in order to have a healthy body and also try to look better in appearance and as a result of it, give people an impression of a confident person.

So if your main objective is to have a healthy body and good feature, you should aim to have fat loss instead of weight loss because fat loss is actually better as you may lose weight but still carry a lot of fat which is not healthy at all.

In term of fat loss, it is important that we look at our intake of protein, carbohydrate and fat nutrients in the food we are taking. This is to make sure our body set up the food intake in response to the meals we are taking.

It is important to know that if we take in too much carbohydrate, this will defeat our effort to maintain a calorie deficit diet as carbohydrate actually increase the insulin, a hormone that stall the fat loss in one or two ways.

  1. Elevated insulin levels block the release of fat from your fat cells. And if your cells can't release fat, your body can never burn off the excess.
  2. Elevated insulin levels cause the storage of energy found in your bloodstream to morph into body fat cells. This means the energy won’t get burned off by tissues like muscle but instead snakes its way around to places like your hips and abs.

That’s why researchers call insulin the "fat storage hormone," and that’s why carb-rich diets make it nearly impossible to lose fat.

Mistake #4

Following an unrealistic, overly restrictive diet

Whenever one embark on a diet program, initially they will have the will power to follow the restrictive diets plan, until the day their  willpower run out and decide to give up on the diet plan.

It could be because of the desired result is not apparent, or the willpower is low now

If one does not have the determination to see to the end of the strict diet program and along the way, may make some more restrictive plan or listen to some one who claimed his or her method is more effective, however after a few weeks, the results do not seem to be very satisfactory, one may decide to call it a day and go back to indulging in good food and say -why suffer, just enjoy good food!!!

The Solution to These Diet Mistakes?

A Keto Meal Plan Customized to Your Body, Situation, Goals, and Taste Buds

What is a Keto Diet Plan?

( the following are quoted from the promoter of this KETO Plan)

A keto diet is an eating style where you consume almost no carbs, moderate amounts of protein, and high amounts of dietary fat. So, you’ll be eating tasty high-fat meals like ribeye steak with roasted garlic and butter.

“Why would you do that?” you may wonder. Well, a very low carb intake puts you into a state called “ketosis.” You see, under regular circumstances, your body relies for the most part on glucose (the stored form of carb).

When you minimize your carb intake, however, there's not enough glucose available for your body to fuel all its functions. And because some tissues like your brain cannot use fat for fuel, your body needs an alternative energy source to stay alive.

That’s where ketones come in. Ketones are chemicals produced in your liver when glucose is scarce. Various tissues like your brain can use these ketones for fuel when glucose is absent.[28] That's an excellent outcome because, otherwise, you would die.

Now, when your body uses primarily ketones and fatty acids for fuel, you're in a state called “ketosis.” That’s invaluable because...

Ketosis Gives You an “Unfair” Advantage on Your Fat Loss Goals

There Are Six Reasons Why the Keto Diet Is the Holy Grail for Fat Loss

Reason #1

Significantly increases fat burning

Reason #2

It’s simple and easy to follow

Reason #3

Hunger cravings will fade

Reason #4

You don’t have to exercise to reap the benefits

Reason #5

It’s healthy and safe

Reason #6

You’ll lose weight like clockwork

If you want to learn more about this KETO Plan, Click HERE

...continue reading "‘Custom Keto Diet’"

With this COVID-19 pandemic creating havoc in everyone's life and businesses, most people are affected badly and some even lost their earning power and some are short of financial resources and desperate to find ways to increase their income.

Amid this desperate situation and when people are looking at ways to earn a living or improve their income, some will think by investing in some financial instrument will be the way to go and earn more income.

With the bank interest rate at all time low, people will believe putting their money in the bank will not give a good return, human being by its nature, will always look for high return on investment, hence we will tend to look at investment instrument to boost up our returns and make more money.

In the eagerness to go after high returns on investment, people tend to forget the basic rules of investment, and the saying of Too Good To Be True especially those schemes which promised return of investment of more than 10% per month.

In the News published by The Straits Times of Singapore on 3rd April 2021 under the heading of Promised Big Returns, Only To Leave Many High And Dry, it was reported that a total of 15,756 scams were reported in 2020 and one of the scams involved cryptocurrency trading platform and there are quite a few such platforms in Singapore which are not regulated by MAS - The Central Bank of Singapore, more commonly known as Monetary Authority Of Singapore.

Even the Prime Minister of Singapore also said in his Facebook page that his profile has been used by some platform, see the link below

https://www.facebook.com/leehsienloong/posts/4204585826270758

So you can see those scammers will take whatever actions and tricks they can to get people to invest in their platform.

Every day, we can read about people being scammed and with internet now more popular and easily accessible in everywhere, it is even easier for scammers to take advantage of human greed and cash in on this.

Therefore, how do we detect and learn how to spot investment scams?

1. Risk Factor

Every investment carries risk and if someone tells you what they offer do not have risk or very low risk, go back to the basic motto of investing -- Too Good To Be True.

With internet and other resources, if one come across such an investment plan, do carry out your due diligence and research especially for those investments plan which claim to offer very good return with low or no risk, and if this is being offered online and you can not even meet up with the promoter of the plan, it is advisable to just drop this plan.

2. Prove of track records

when someone promote their investment to you, and claimed they can generate good and high returns, do ask them to show documentary proof that they themselves have used the same plan and generated so much profit and make sure the proof being shown are statement from a Trading House or Bank which showed the promoter account with the transactions, if the promoter of the investment plan is not willing to provide such a proof of track records, it is advisable to walk away from such investment plan.

3. Regulatory Framework

If the scheme is not approved and monitored by the Center Bank of the country where the investment plan is originated, then chances are the scheme is a scam, even it is not scam, it is doubtful investor may be able to get back their money or simply put - is the investment money protected in the event the investment go south and fail to generated the returns as promised.

4. Guaranteed Returns and Investment

If the investment plan promised guaranteed return and investment amount is protected, all the more we need to carry out a thorough due diligence and check with the relevant authority of the authenticity of the plan and who are the people behind the plan whether they are on the white list or not.

5. Influence Tactics

Some plan will always tell you the offer is expiring in one or two days and if you do not take advantage of it, you will lose a lucrative return or discounts being offered, which on the surface of it, look like a good bargain if you invest now and can get an even higher return than promised.

This tactic is to take advantage of human perception that scarce opportunity is a good item and should take advantage of it.

6. Referral Scheme.

Some investments scheme offer referral scheme, that is if you bring in certain investors, the platform will reward with you some monetary rewards or certain percentage of the invested amount of the investors you bring in to the plan or scheme.

It is quite unusual for any scheme to offer commission to investors who bring in investors to the scheme and if it is a legitimate scheme, all they need to do is to just publish a prospectus and let those who are interested to invest in, no need to incur additional cost for the plan.

7. What Are Available For Investor To Verify.

In Singapore, one can always go to Monetary Authority of Singapore (MAS) website to check on the validity of the investor plan, and if it is an oversea plan, they always search on the net with website like the SEC alert list such as .

1. https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/investment-0

2. https://www.usa.gov/scams-and-frauds

These are just some issues about investors scam which we should be aware of, and if you have any ideas or wish to share your experience, do share it below in the comments section below.

You only live once, thus, it is important that we do not waste our life savings to scammers in our eagerness to generate more returns on our investment.