RETIREMENT DAYS

Many planned for their life to be better and secured, ensuring that they are able to enjoy life ahead. However, they fail to plan and eventually plan to fail. Let aside regarding their needs and lack of discipline to actually save for their retirement, most people regret did not know the importance of saving for their old days. EPF, KWSP, KWAP or own personal investment, it is actually enough to sustain you from your last day working till your the last breath as a human in this world? For example, an average man gaining monthly salary of RM 5K will accumulate approximately RM 250K in his EPF. WOW! RM250K.. that's alot!! * some might think its enough. Allow me to show you the real scenario behind this:-

Retirement Age: 55 years old
Life Longevity: 75 years old
Age to Sustain: 20 years

Calculations:

 RM 250K / 20 years = RM 12,500 / year

We take;

RM 12,500 / 12 months = RM 1041.67 / month  * This is the amount to be spend monthly, from a man's salary of RM 5K.. he is now to spend almost 80% less from his normal pay. With this amount, you will be finishing it to pay your house loan, car loan, credit cards, personal loan, house bills and many more. So, what is left for you at the end of the day? Here's the interesting part, people will say .. "Its ok, I will use this money (RM 250K) to start up my own business. I'll be alright".

Let me set the alarm up for you before it's too late, 97% people who do business, fail within 5 years. From lacking of the business knowledge, management, capital etc. Its never too late to save for your retirement, whether you are gaining low or high income.

THE STEPS

To be able to achieve financial freedom. We should know the right steps in FP. People always mistaken saving, saving, saving... because in our mind, its for emergency and future use. Yes, its true. But bear in mind, that if just by saving your money in the bank without some being put aside for EMERGENCY FUND, all your savings will be gone in a blink of an eye the moment any misfortune happen to you or people around. THINK, what will then happen to your future with all your savings gone. Referring to the increasing medical cost (Medical Inflation 10-15%) or misery happen to the head of the family.

The very first step in financial planning is PROTECTION or we all knew it as life insurance. Life insurance is not like in the past, where we pay and our money burn if we don't claim it. Modern insurance nowadays is package together with saving, hence we can actually withdrawal and refund our payment for life insurance anytime if there's no claim during the insurance period. Do take note, life insurance maybe not for you, but it plays a very crucial role to the people around you especially your family when unfortunate incident happen to you.

JFPC FINANCIAL PLANNING

Now, more than ever, planning is the essential first step towards financial well being. A good financial plan along with sound financial advice can help to make your financial future more manageable. When left to chance, your financial situation can drift from your goals. Your financial adviser can help you define your goals and stay on track.

Quality advice is hard to find. Personal Financial Planning focuses on providing sound financial advice for businesses and for individuals like you. We have a comprehensive approach that is focused on determining what is most prudent and beneficial for you. As a Life Planner in JFPC.. this is what I do to help others in their financial.

We have the right funds for you, whether its for Investment, Retirement, Children Education and also Life Protection. Many have their own financial plans for themselves and their family. BUT the real question here IS IT ENOUGH? That's why I'm here to help, so that you would not regret on the final day.

The True Reason

Assalamualaikum, I'm Sabran Asma'i.Graduate in degree of Chemical Engineering (Major in Biotechnology) in 2015. Engineering was never been my interest during my first year, but I tried to love the field.. unfortunately it just didn't click with my inner self. I like to do something which enable me to explain stuffs and stories to people. After completing my studies, I was wondering what job should I get into because of the working engineering environment do not suit me. So, I was roaming through the websites of Jobstreets, Linkedin, Careerjets and many more.

Until one fine day, I was approached by my current bos, Madam Julainah Harith who is a Registered Financial Consultant (USA). She took me in to work with her as a Life Planner. The main reasons I agreed to work with my boss is because of the job scopes which to educate people and help them in their financial. This really caught my attention and burn my desire to know more about it. February 2015 began my journey as a Life Planner under the guidance of my boss. And I can ensure you , that I have learn a lot regarding the financial world and more to come.