fabianlau
What is Financial Planning?
Updated: Apr 8, 2020

Well, there are many variation of thoughts when it comes to Financial Planning (FP) and it all depends on whose mouth it is coming from. Letβs hear from the professions say:
Teacher π©π»βπ« - FP is a comprehensive evaluation of an investorβs current and future financial state by using..... π (textbook answer).
Doctor π¨πΌββοΈ - FP is about taking care of your health because Health is Wealth π
Lawyer π¨π½ββοΈ - FP is about making sure your assets are clearly distributed upon your death. Have you written a Will? π
Banker ππ» - FP is about offering cash line facilities to our valued customers and let them buy what they want. Sign up for loan and receive shopping vouchers π Today only!
Insurance Agent π¨π»βπ» - FP is buying our latest policy (again) thatβs so good, itβs only $3 a day. Your support will help me hit my target π
Accountant π¨πΌβπΌ - FP is about balancing your assets and liabilities and make sure your inflow (income) is more than your outflow (expense) by the end of the month βοΈ
Mother π΅π½ - FP is simply to put all your money in a fixed deposit account, this is the safest thing to do. Renew every year and get a free umbrella π
The Rich ππ½ - FP is to make your money work harder for you, acquire assets, not liabilities π
Middle Class π±πΌββοΈ - FP is making sure my next jobβs salary is enough to pay off my credit card bills π³ and let me travel... not many la, just 5 times a year. βYou should be hereβ π
The Poor ππ½ - FP? I donβt even have enough to makan, how to plan? Sorry bro, I need to go and fetch my wife now. Zoommmm....... π
Itβs interesting to view things from different perspective. In fact, thereβs no one correct or wrong answer. Adopt what you think is ideal for your life.
Hereβs a good tip: Financial planning is about setting a vision and budgeting your finances. Be responsible for your own life - from WD
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