✌𝗪𝗼𝗺𝗲𝗻 𝘀𝗵𝗼𝘂𝗹𝗱 𝗻𝗼𝘁 𝘁𝗮𝗸𝗲 𝗲𝘀𝘁𝗮𝘁𝗲 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗳𝗼𝗿 𝗴𝗿𝗮𝗻𝘁𝗲𝗱!✌
“𝘓𝘦𝘢𝘷𝘪𝘯𝘨 𝘤𝘭𝘦𝘢𝘳 𝘪𝘯𝘴𝘵𝘳𝘶𝘤𝘵𝘪𝘰𝘯𝘴 𝘢𝘣𝘰𝘶𝘵 𝘺𝘰𝘶𝘳 𝘢𝘴𝘴𝘦𝘵𝘴 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘦𝘯𝘴𝘶𝘳𝘦𝘴 𝘺𝘰𝘶𝘳 𝘭𝘰𝘷𝘦𝘥 𝘰𝘯𝘦𝘴 𝘢𝘳𝘦 𝘵𝘢𝘬𝘦𝘯 𝘤𝘢𝘳𝘦 𝘰𝘧 𝘯𝘰𝘸 𝘢𝘯𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘧𝘶𝘵𝘶𝘳𝘦, 𝘪𝘵 𝘢𝘭𝘴𝘰 𝘱𝘳𝘦𝘷𝘦𝘯𝘵𝘴 𝘥𝘪𝘴𝘱𝘶𝘵𝘦𝘴 𝘢𝘯𝘥 𝘮𝘦𝘴𝘴𝘺 𝘴𝘪𝘵𝘶𝘢𝘵𝘪𝘰𝘯𝘴.”
Traditionally, men have undertaken the role of being the sole breadwinner and the one in charge of finances and financial planning. However, over the decades, particularly in recent years, as the 𝐟𝐨𝐜𝐮𝐬 𝐬𝐡𝐢𝐟𝐭𝐬 𝐨𝐧 𝐫𝐞𝐜𝐨𝐠𝐧𝐢𝐬𝐢𝐧𝐠 𝐰𝐨𝐦𝐞𝐧 𝐛𝐞𝐢𝐧𝐠 𝐨𝐧 𝐩𝐚𝐫 𝐚𝐬 𝐦𝐞𝐧; assertion that they have equals rights, topics concerning women have occasionally taken the forefront. News articles or documentaries on women’s careers, health, parenting and other gender specific issues have been frequently discussed.
Generally, women tend to focus on beauty, fitness and health matters. However, 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐚𝐬𝐩𝐞𝐜𝐭 𝐭𝐡𝐚𝐭 𝐰𝐨𝐦𝐞𝐧 𝐬𝐡𝐨𝐮𝐥𝐝 𝐭𝐚𝐤𝐞 𝐜𝐡𝐚𝐫𝐠𝐞 𝐨𝐟 𝐢𝐬 𝐨𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠. Financial planning covers beyond savings and/or insurance. It involves estate planning too. Gone were the days where men held the purse strings and are the sole decision makers when it comes to financial matters. 𝐖𝐨𝐦𝐞𝐧 💕 𝐚𝐫𝐞 𝐞𝐦𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐭𝐨 𝐩𝐥𝐚𝐧 𝐚𝐧𝐝 𝐦𝐚𝐤𝐞 𝐩𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐨𝐰𝐧 𝐥𝐢𝐯𝐞𝐬 𝐚𝐬 𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐰𝐞𝐥𝐥 𝐞𝐝𝐮𝐜𝐚𝐭𝐞𝐝, 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐚𝐯𝐯𝐲 𝐭𝐨𝐨.
Estate planning also include making decisions for one’s personal affairs. Legal document – Lasting Power of Attorney (LPA) appoint someone to act in your stead should you become incapacitated. Do also consider your family dynamics when making financial planning as it can be extremely costly and time consuming to appoint a lawyer in undertaking and fulfilling legal requirements before Court to settle finance/personal matters.
In addition, 𝐰𝐨𝐦𝐞𝐧 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞𝐢𝐫 𝐦𝐚𝐫𝐢𝐭𝐚𝐥 𝐬𝐭𝐚𝐭𝐮𝐬 𝐢𝐧𝐭𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐰𝐡𝐞𝐧 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐮𝐧𝐟𝐨𝐫𝐞𝐬𝐞𝐞𝐧 𝐟𝐮𝐭𝐮𝐫𝐞. 𝗙𝗼𝗿 𝘀𝗶𝗻𝗴𝗹𝗲𝘀, their main focus could be on their parents or siblings. 𝗙𝗼𝗿 𝗺𝗮𝗿𝗿𝗶𝗲𝗱 𝘄𝗼𝗺𝗲𝗻, their primary focus could be on their spouses or children. Therefore, it is essential to discuss with a Financial Advisor who will plan for the estate (will) accordingly.
𝗪𝗼𝗺𝗲𝗻 𝘀𝗵𝗼𝘂𝗹𝗱 𝗻𝗼𝘁 𝘁𝗮𝗸𝗲 𝗲𝘀𝘁𝗮𝘁𝗲 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗳𝗼𝗿 𝗴𝗿𝗮𝗻𝘁𝗲𝗱, even when married. Knowledge empowers and she can make joint decisions with her spouse to ensure her (and children’s) welfare is well taken care of. This is crucial as reports have shown that many women were at a loss during acrimonious divorces or when their spouses died. They had made the mistake of being overly reliant on their spouses on financial planning and were completely unaware of the nature and extent the assets they (or he) owned. This lack of knowledge and inability to comprehend such matters severely compound the distress a woman feels when bombarded with settling of such issues.
𝐎𝐧 𝐭𝐡𝐞 𝐟𝐥𝐢𝐩 𝐬𝐢𝐝𝐞, 𝐭𝐡𝐞 𝐚𝐠𝐨𝐧𝐲 𝐜𝐚𝐧 𝐛𝐞 𝐭𝐨𝐭𝐚𝐥𝐥𝐲 𝐚𝐯𝐨𝐢𝐝𝐞𝐝 𝐰𝐡𝐞𝐧 𝐰𝐨𝐦𝐞𝐧 𝐬𝐞𝐞𝐤 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐜𝐡𝐚𝐫𝐠𝐞 𝐢𝐧 𝐛𝐞𝐢𝐧𝐠 𝐚𝐰𝐚𝐫𝐞 𝐚𝐧𝐝 𝐞𝐝𝐮𝐜𝐚𝐭𝐞𝐝 𝐢𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥/𝐞𝐬𝐭𝐚𝐭𝐞 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐦𝐚𝐭𝐭𝐞𝐫𝐬. This can be simply done by consulting a Financial (Estate) Planner and engaging family members 💕 in open discussions on financial/estate planning. It is never too late to start planning, no matter what stage and status of life one is in.
🟩 𝗝𝗼𝗶𝗻 𝗨𝘀 𝗜𝗻 𝘁𝗵𝗲 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗪𝗶𝗹𝗹 𝗪𝗿𝗶𝘁𝗶𝗻𝗴 𝗦𝗲𝗺𝗶𝗻𝗮𝗿 🟩
✍ 𝗧𝗶𝘁𝗹𝗲: 𝗬𝗼𝘂𝗿 𝗪𝗶𝘀𝗵, 𝗬𝗼𝘂𝗿 𝗪𝗶𝗹𝗹, 𝗬𝗼𝘂𝗿 𝗪𝗮𝘆 ✍
📆 𝟑𝟎𝐭𝐡 𝐒𝐞𝐩𝐭 𝟐𝟎𝟐𝟑, 𝐒𝐚𝐭 ⌚ 𝟏𝟎𝐚𝐦
📍𝟏𝟓𝟎 𝐁𝐞𝐚𝐜𝐡 𝐑𝐝, #𝟏𝟐-𝟎𝟏/𝟎𝟖 𝐆𝐚𝐭𝐞𝐰𝐚𝐲 𝐖𝐞𝐬𝐭, 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝟏𝟖𝟗𝟕𝟐𝟎 (𝐍𝐞𝐚𝐫𝐞𝐬𝐭 𝐌𝐑𝐓: 𝐁𝐮𝐠𝐢𝐬)
✉ 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗛𝗲𝗿𝗲 https://engage.fa.com.sg/events/zephanielau/30septwillwriting/
🟩 𝗔𝗯𝗼𝘂𝘁 𝗺𝗲 – https://engage.fa.com.sg/zephanielau/
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
“𝙱𝚎 𝚝𝚑𝚎 𝚊𝚛𝚌𝚑𝚒𝚝𝚎𝚌𝚝 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚏𝚒𝚗𝚊𝚗𝚌𝚒𝚊𝚕 𝚍𝚎𝚜𝚝𝚒𝚗𝚢!” ✍I am a seasoned Financial Advisory Manager in Singapore, with over a decade of expertise, committed to transforming lives. I stand ready to guide Working Adults in Singapore towards greatness through meticulous Financial Planning and Independent Financial strategies.
As Warren Buffett wisely said, “𝗦𝗼𝗺𝗲𝗼𝗻𝗲 𝗶𝘀 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝘀𝗵𝗮𝗱𝗲 𝘁𝗼𝗱𝗮𝘆 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘀𝗼𝗺𝗲𝗼𝗻𝗲 𝗽𝗹𝗮𝗻𝘁𝗲𝗱 𝗮 𝘁𝗿𝗲𝗲 𝗮 𝗹𝗼𝗻𝗴 𝘁𝗶𝗺𝗲 𝗮𝗴𝗼.” Let me help you plant the seeds of financial success, so you can bask in the shade of abundance in the Singapore Financial Hub.
“I am not a product of my circumstances. I am a product of my decisions.” With your goals in sight, I become your relentless Goal Getter, ensuring nothing holds you back from achieving your dreams.
Remember, “Time is more valuable than money. You can get more money, but you cannot get more time.” Let’s avoid wasted efforts on wrong choices and focus on what truly matters, uncovering the meaning of life and securing your future.
With your vision and my guidance, we shall create a legacy of financial empowerment, proving that success is within reach for every determined soul. Let’s ignite the fire of transformation and begin our journey today! 🌟💼
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