Cashing in on your Youth

Experts always urge the youth to start saving early, but most young working adults argue that it’s hard to save and enjoy life with what they earn.

Is this true? If you are a youth, do you subscribe to this belief? I was once a youth and found this to be baseless. It is a matter of :

Setting Expectations

Setting Goals

Deciding on a long term benefit than short term pleasure

Having an Action Plan

Perhaps nobody pointed out ot the youth that setting savings as priority does not mean starving yourself of life's pleasures or having to be a hermit and staying home all the times enjoying bread every meal.

Are you a Billionaire?

If you are not, I will need to recommend you a friend. This friend is critical to your financial health in the future. His name is TIME. Time will help your finances grow with the power of compound interest.

From my experiences speaking to youth, those who subscribe to the belief that it is hard to save and enjoy life, they spend on average more than half of their income on entertainment, clothes, etc. collectively. If we were to dissect the expenses, we will find that we could easily make-do without more than half of the "doodads" as Robert Kiyosaki would call them.

Of course there is no right or wrong. Every individual has freedom of choice. It is the individual and his/her future family that will have to live with the consequences of those choices.

I am pleased to say that due to my

Setting Expectations

Setting Goals

Deciding on a long term benefit than short term pleasure

Having an Action Plan

I was never deprieved of life's pleasures but I did save and no waste my money on unnecessary expenses. All these have contributed to my ability to have the Greatest Wedding one can have + self-fund my own property. The most valuable reward I gained is the Discipline & Wisdom gained from doing the above.

Youth of today, think about it. Time and Youth is something that once is past is history. It can never be regained or found again.

Have the wisdom and focus. Have the right peers (friends). Know why you save. The Best Time is NOW

For assistance/advice, please contact us at gloriouscash@live.com

Types of Nomination

1. Do you know the types of nomination available?
2. Who can be your nominees?
3. What are the implications of different categories of nominees?
4. Can a nomination be revoked?

If you wish to understand more, contact us at gloriouscash@live.com

CONGRATULATIONS on your INCOME

Our Heartiest Congratulations to all Investors whom have started receiving your Guaranteed Lifetime NonTaxable Income.

It felt like it was only yesterday that I was approached to help you create this Income and it has been my privilege and honor to be able to contribute to the financial being of yourself and family.

Along the way, few of you were distracted and felt that the money would've been better left in your pockets. Of course it was not easy as temptations surrounded you everyday. Yet, you should be proud as you persevered "a little while" more for a lifetime of benefits.

Now that you have started receiving this Income, I see many of you beaming with joy and satisfaction. I am also privileged to hear of the many wonderful things that you wish to do with the availability of this Income.


I look forward to be of service to you and family again in the near future.

I wish to sign-off with the following thoughts:

Wealth can give us wrong attitude about material things. "Be on your guard against all kinds of greed; a man's life does not consist in the abundance of his possessions."

Insurance Nomination

Nomination is a right given to the life insurance policyholder to appoint a person or persons to receive the benefit under the policy in case it becomes a death claim.


Tell Me More...

1. Anyone of age 18 and above can make a nomination
2. Nominee is the person who is nominated to receive the insurance proceeds
3. The relationship between Nominee and policy owner is important
4. Nomination is part of life insurance proposal
5. Nomination can be changed as many times as policy owner wants

So, is Insurance Nomination sufficent to provide for you and your loved ones in your time of need?


For further assistance please contact us at gloriouscash@live.com

Retirement - Baby's Thoughts

I repeat my question -

1. When is the Best time to plan for your retirement?
2. Do you have all the time in the world?
3. Do you know that time and compound interest is an ally?

 
 
 
 
 

For asisstance, contact us at gloriouscash@live.com

Investment - What Are You?

Are you involved with any form of investment, particularly stocks/shares, options, etc?

If yes, then which of the following are you?

1. Investor
2. Trader
3. Speculator

Some people ask me if it is important to know which are we. Of course it is. It very much drives the way you make decisions, thoughts process, emotions and executions.

For more information, please contact us at gloriouscash@live.com

Medical BOMB

If you or have family that have been to hospital to seek treatment, you will know the cost of treatment is anything but CHEAP.

Recently due to my wife's fractured ankle, we have been to medical center a few times. Fractured ankle is not a critical matter medically but the bill has been "High" nonetheless. I confess that I am grateful that we are medically insured else I will be crying....

So what is the meaning of "insured"? To me it basically means transfering my financial risk to a 3rd party. To most people, insurance is an expense that is unnecessary. I cannot understand how people can be so foolish. Do they not realize that if this is an "expense", this will be the only expense that will pay for all the other Expenses?





I have lost count of the number of people who came to me to seek help on their insurance. Because they had no proper & adequate contingency financial plan, some have had to:

• Opt for cheaper treatment though it is not the proper treatment
• Spouse returning to workforce to finance family needs
• Selling assets, i.e. house, car
• etc.

As I pay the bills, I cannot help but think of the poor folks that isn't financially prepared for this. They may be literally poor or mentally poor (due to their choice in assuming nothing bad will ever happen to them).

Remember this folks. Not being prepared is like jumping out of a plane without a parachute or a working parachute. Rest assured you will never need it again!

Make the wise decision. The impact & consequences is limited not only to you but your loved ones too.

Planning

In NickG, we Plan for the Best & Plan for the Worst. It is better, don't you think?



For assistance contact us at gloriouscash@live.com

Creative Finance ?

Financial Designers are sometimes required to think creatively.
At NickG, we do that !

Quote by Winston Churchill, former British Prime Minister

"If I had my way, I would write the word "insure" upon the door of every home because I am convinced, for sacrifices so small, families and estates can be protected against catastrophes which would otherwise smash them up forever. It is the duty to arrest the ghastly waste, not merely of human happiness which follows when, through the death of the breadwinner, the frail boat in which the family are embarked, founders and the women and children and the estates are left to struggle in the dark waters of a friendless world