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Towards achieving financial goals Make your saving automatic Save at least 10 – 30%

THE SAVING HABIT. Towards achieving financial goals Make your saving automatic Save at least 10 – 30% Transfer into a fixed deposit or some other account that can earn more returns. How to save?. OPTION 1: Income – bills – expenses = saving. OPTION 2: Income – saving = bills + expenses.

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Towards achieving financial goals Make your saving automatic Save at least 10 – 30%

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  1. THE SAVING HABIT • Towards achieving financial goals • Make your saving automatic • Save at least 10 – 30% • Transfer into a fixed deposit orsome other account that canearn more returns

  2. How to save? OPTION 1: Income – bills – expenses = saving OPTION 2: Income – saving = bills + expenses

  3. When to start?

  4. Potential Returns Shares 10%-20% Commodity Options/ Warrant Listed Shares 6%-12% Properties Unit Trust Bon 3%-7% Cash/Fixed Deposits Conservative Medium Aggressive

  5. RM2000!

  6. 30 years

  7. BEWARE OF FINANCIAL SCAMS • Promise high return with little or no risk • The offer is for limited period and asked you to sign up immediately • Scheme is in another country (cannot check on its status) • Asked to provide confidential information, • e.g. bank account number • Asked to deposit money to meet theprocessing and administrative fees

  8. Tips on how to avoid getting involved in financial scams • Stay away from opportunities that sound too good to be true • Avoid any company that predicts or guarantees large profits • Be sure to get the company’s performance track record • Be wary of remitting cash on the Internet or by mail • Ask questions and do not commit immediately • Browse websites of BNM and SC for clarification

  9. For Further Information: • www.bnm.gov.my • Consumer Information • Financial Consumer Alert • www.sc.com.my • Licensed Intermediaries BNM 1-300-88-5465 SC 03-62048999/03-62048777 KPDNKK 1-800-886-800

  10. In A Nutshell In order to build wealth Invest NOW! to increase your net worth Increase your assets Diversify your investments to spread your risks Be very careful of get-rich-quick schemes BEWARE!

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