Cash flow management
Screenshot 1: Manage your Cashflow, using our online tool
This involves assessing your current net financial net worth (what you own minus what you owe). This will generally tell you whether you are on your way to financial freedom… or financial disaster.
Savings plan
Screenshot 2: ProfitWealth is a personal calculator that will allow users to track how much they should save each month; how long they will take to reach their desired savings amount.
Once you have determined the amount of money you would like to save, you should consider where to put your savings with the aim of receiving a higher return than your usual savings account. Forget the 2% p.a. interests for saving. You need something more sophisticated than that! An investment strategy has to be mapped out so that you will have greater success in meeting your desired financial goals.
Insurance planning
Screenshot 3: Users can also find out how much insurance coverage they must have; how much they would need to settle down for a comfortable life after retirement
Insurance planning is required to in ensure that all your assets are protected and that your family members are well shielded by having sufficient insurance coverage.
Retirement planning
Screenshot 4: Users can also know how long their retirement funds would be sufficient
You are not going to work your whole life, are you? When old age symptoms start to kick in or you have reached the mandatory retirement age, you will need to retire. Hence, having a retirement plan regardless of your age is essential!
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