COMPOUNDING GROWTH
Money Management
The beginning of money management is by understanding cash inflow and cash outflow. Cash inflow are money we received (earnings, monetary gifts and windfalls) and cash outflow are money we give away (spending). When cash inflow or earnings is more than cash outflow or spending, we then have savings.
Our objective is to ensure that we earn more than we spend every month, that way we can start accumulating savings. For people with debts, first thing first is to pay off debts with high interest rate. This journey to financial growth requires discipline and consistency.
We are here to assist you to inculcate good money habits, to build money management knowledge and skills.
Connecting the Pieces
We understand that resources are scarce and we all wish that we have all the money in the world so we could indulge in our desired lifestyle. After all, we have worked hard every day to earn an income. There is so much we want to do and feels like “Money Not Enough”.
To pull your thoughts together, to get back in control of money and your financial future, connect to the link below for some foundation knowledge to start your money management:
- Prepare Budget
- Set Priorities
- Create Piggy Bank
There are more information on financial accumulation and financial planning, check out:
Get the Right Tool
You have now accumulated savings and want to get money to work for you. There are so many options in the market, ranging from deposits in bank to buying property or perhaps the hip of bitcoin or buying shares and ETF.
Unsure about where to place the savings? Connect to the link below to understand your risk profile and find out the risk level of various investment vehicles.
- Risk Profile
- Investment Vehicle Risk Level
Focus on Your Path
We are here to guide and support you in your journey for financial growth. Contact us if you feel that you need someone to guide you with financial goals, guide you to organise your finances, instil good money habits or gain knowledge on money management.
