1 / 11

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

Learn how to make saving automatic and reach financial goals by saving at least 10-30%. Discover when to start saving, potential returns on different investments, and how to avoid financial scams. Get tips on smart investing, diversifying assets, and recognizing get-rich-quick schemes.

reginalong
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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!

More Related