Should You Look for a Financial Adviser?

Should You Look for a Financial Adviser?

There are instances when managing your finances can be a challenge. This is true most especially if you are not the type who thinks about your expenses all the time. For whatever it is worth, it is always a good idea to seek the assistance of a qualified financial adviser. Such is a chance to make the most out of your money should you require an instant cash loan. Indeed, there are many individuals out there who must consider seeking for a financial adviser if they can. This should work for them.

How Do You Work with a Financial Adviser?

If you are considering this kind of transaction or process, here are some of the questions you should not fail to ask:

  • Do you specialize in an area such as annuities, mortgages or pensions?
    There are advisers out there who focus on a particular area. Some may cover a wide array of areas. They would only have to select one which depends upon the breadth or depth of the advice that is sought for.
  • Is your selected adviser a part of the Financial Services Authority?
    Once you have discovered the specialization of your adviser, please know if your adviser is a part of the Financial Services Authority. There are firms which are not yet a registered member of such. As that is the case, you should stay away from them. Any reputable firm or company would be a part of the said organization. Do not ever doubt that.
  • Is he or she an independent adviser?
    A ton of financial advisers enjoy various levels of independence. Basically, an independent financial adviser must provide you a service which is anchored with the needs of the products being offered all across the market. Once an adviser is not yet independent, there is a big possibility for his or her own product to be promoted. This is not fair in anyway.
  • How much will be the charge of the service?
    A tenfold of advisers out there give off initial consultation. It is crucial that you have a full comprehension of the future costs which may be incurred in the future. Aside from this, it will be vital to agree on what has to be paid. Meaning, identify if the whole work is of fixed charge or commission basis. Know any of these.
  • Have you conducted a research?
    Prior to starting anything, it is vital that you do your research. You should not forget your obligation because awareness is always a basic aspect here. If you want to avoid having to face risks, do not fail to do your assignment. This is the only way so that you may build a rapport eventually.

With everything, do not forget that trust is essential. You can establish this once you have developed a rapport with your adviser. This is a chance to get the help you deserve. At the end of the day, it is a skill that you just do not master overnight. Get the support that you can.

How to Attain Financial Fitness in Singapore

How to Attain Financial Fitness in Singapore

There has been an incessant increase in financial awareness today. As a matter of fact, more and more financial adviser representatives are recruited most especially in Singapore. It is said that there are tons of financial adviser representatives out there as compared to doctors in Singapore. Despite the expertise increase, most adults are confused about the way financial planning transpires. Should this be a problem?

Understanding Financial Advising

For anyone who is clueless, it is high time that he or she understands the idea of financial planning. Financial planning goes with a complex nature. This is why you have to ensure that your financial plan is tailor-made for you and your needs. It has to come with unique circumstances and financial positions. These are some of the features that have to be understood:

  • The first step that has to be done is for debts to be settled. If you have one, ensure that you are able to fix it so that you can simplify your life. There are bank loans in Singapore which are settled per annum basis. This only goes to show that there is always interest which is charged in a yearly basis. So it has to be arranged accordingly.
  • Do not fail to build a safety net. The reason why financial planning turns out to be a complicated process is because there has been a sequence of wild cards involved. The events that hinder the growth of your wealth are theft, layoffs, car breakdowns, hospitalization, flood and fire. This should not occur if you build a safety net. When you do this, you steer in using the fund you have whatever happens. You must be strict to this whatever the circumstance is.
  • Be in the forefront of investing your income. You must allot at least 10% to 20% of it. The truth is that investment has a crucial role in financial fitness most especially in Singapore. This occurs considering the CPF contributions too. As this is the idea, it should not hurt to invest in a total of the given percentages on your monthly income. This is the answer in the building of wealth. You will definitely have a stream of your income unless you are already set for retirement. As this is the case, you must keep a constant flow of income regardless of you exerting a lot of efforts or not.

Financial planning is crucial. But remember that life is not only about protecting yourself for the future. Still, you have to make the most of what you have in life. Enjoy it if you must. Do not fail to invest your income too. There is nothing wrong in allotting a part of it for that. This should occur even if you are already done settling all your expenses. Even if you are paid with all the expenses you have, you have to make the most of what you have now. This will definitely put balance to your life.

5 Simple Ways to Stop $pending Your Hard Earned Money

5 Simple Ways to Stop $pending Your Hard Earned Money

Do you find yourself constantly rummaging around the bottom of your bag searching for spare change even If it’s not the end of the month? If you’re struggling to stay afloat and cannot remember the last time you had change to spare it probably has got more to do with your spending than anything else. Take a look at the tips we have which will send you on your way to your next tropical holiday instead of loathing life on the regular.



For the forthcoming month make it a point to only use your debit card wherever you spend. From buying the groceries, home furniture to paying for your fuel. Now we know this is a task, but any money you take out at the ATM should also be documented. From this you can pinpoint exactly where and how much money you spend where.



Make a list the next time you find yourself heading to the shops. One of the best secrets to saving money? Simple! Stick to the list. Don’t look left, don’t look right. Keep your eyes on that list and do not veer from it.



If you are unsure about buying something, this is one of the best tips we have which will help make your decision. Calculate your wage to the hour. Next, ask yourself whether that particular item is really worth five hours of your working life. If not, let it go.



Again, if you’re not sure about spending one third of your monthly wage on a new winter wardrobe, put the items on hold. This will stop you from compulsively buying half the store. When you do come home be adamant in checking if this is a necessity or not. Talk it over with your partner for further insight. Alternatively if we really are talking about a new clothing collection, open up your wardrobe and have a look inside. How many of the new items can be integrated with your things already living there. This can work for anything, not just clothing.



It’s understandable that it is more and more difficult to go through life without the help of your credit cards, but the fact of the matter is that you do not NEED to take your favorite cards everywhere. Bury them somewhere safe and only take them out when you have selected something that you know you need. We’re talking beds, furniture, health issues, etc.

You don’t have to be Einstein to stop spending where you don’t need to be. Now that you have these tricks up your sleeve we know you’re going to be smart about spending.

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