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Age Is Just a Number: How to Stay Forever Young

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Exercise, good financial planning, & healthy mental habits are the key to healthy ageing according to this 85-yr-old Mr Palanisamy Ramadas was born in 1929, the year of the Great Depression. He was 16 when World War II ended, and 36 when Singapore was founded. If you're picturing him as a frail elderly, you couldn't be more wrong. This 85-year old will see you at the gym... or on Twitter. As a young lad milking the family cows in now-Malaysia, Mr Palanisamy Ramadas, now 85, probably didn’t imagine the long life he had ahead of him. His story in a nutshell: He came to Singapore in the early 1950s and started out as a nurse. Became a nursing administrator after pursuing further studies overseas. Got married, had four children, but became a widower nearly 25 years ago after his wife passed away in a car accident in which he was also involved. Having experienced such a tragedy, he could be excused for choosing to live in the past, but the man is focused on the present. His memo...

Health Insurance Riders: Are They Necessary?

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Riders work well when they are designed to reduce or eliminate additional expenses A health care insurance rider can help take the sting out of large medical bills, allowing policyholders to pay next to nothing or nothing for their treatments. This is because hospitalisation plans typically don’t cover a full medical bill. The insured has to pay a portion of the bill, such as a deductible (the threshold at which the insurance company will start to reimburse the insured for treatments) and a co-payment (the percentage of the rest of the bill that the insured pays). For example, if the bill is $10,000, the deductible amount is $3,000, and the co-insurance percentage is 10 per cent, the insured will have to pay the first $3,000, plus 10 per cent of the remaining $7,000 before insurance kicks in. In other words, he pays $3,700 and the insurance company pays $6,300. Hospital bills for major ailments and critical illnesses can run into the hundreds of thousands, so even with insurance, patie...

Money Or Your Life? As a Financial Consultant, you can have both

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Next to oxygen and water, money is probably the most basic essential to living in the modern world. Which is why financial planning services continue to be a high-growth, and therefore, high-earning industry. Financial consultants enjoy a wide range of work flexibility and diversity. From where, when, and how much to work, to who to work with. Of course, the returns are closely correlated to how much the consultant is invested in the work. Monetary gains aside, a career as a financial consultant can be immensely satisfying to the soul. We play a positive role in helping our clients navigate the financially demanding milestones of their lives. So if you are in the market for a career where you can be your own boss, earn in tandem with your aspirations and help others reach their life goals, financial consultancy is a worthy consideration. “Do you have what it takes?”, you may ask. source

Rich vs Prosperous

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People view money in different ways – for some it’s a means of survival, for others, a mere play thing. When it comes to saving and investing, most younger people are unaware of how to best use their money to make them prosperous over a longer period of time, instead of just richer. “Work hard today, so you can breathe easy tomorrow.” Sounds easy? Perhaps it is! One of the biggest mistakes most millennials make these days, is not having a financial plan. Being prosperous involves making the right choices with your riches, irrespective of how much you earn. Most experts and authors are of the view that people can get rich quick, but to remain prosperous over time, it takes good money management; here’s are five essential virtues for a good start: Learn the Math Keep tabs on your worth Visualise your roadmap Build (and manage) your resources Get a money mentor source

Pair Up To Stay Up: Financial Planning With Legal Advice

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“SG Alliance has forged strategic partnerships with like-minded legal professionals such as Quadrant Law LLC, a specialist in corporate and commercial law. All you need to do is reach out and get in touch.” Financial consultants and legal experts make for a powerful combination for clients. Whether personal or business, almost every aspect of life events with financial impact is regulated. From growing and protecting wealth to distributing and claiming it. Yet, people often seek or provide expert advice in silos – with financial solutions drawn up without legal input, or vice versa. As part of its partnership commitment, Quadrant Law LLC is providing complimentary consultation for the first half hour to SG Alliance clients. source