Published: April, 2022
Making financial decisions can be overwhelming. Each day, we must make choices that will impact our financial future for better or for worse. From the smallest everyday purchases of Tim Horton’s coffee to decisions on which investment vehicles to save for our children’s education. At almost every stop in life, personal finance and how we manage it are incredibly important for our long-term financial success.
When it comes to personal financial strategy, most people think of investment strategy. Yes, investment strategy is part of personal financial strategy. Discipline, Diversification, and Dollar Cost of Average are some of the key aspects of the personal financial strategy.
This Online CPD webinar takes a deeper dive into personal financial strategy and provided an example of using real estate investment or using life insurance as an investment vehicle.
The main idea is that PFS are personalized and are important to the individuals and no two PFS are identical. It is important that you do the homework and looks at the risk and the math to ensure the tools used are within your risk tolerance.
Marketing Director, World Financial Group
Linda Yao was born in Taiwan, Taipei into a family of five who lived in a one-bedroom University of Taiwan duplex with no amenities. She recalls sleeping with her grandmother and sister in a curtained-off area in the living room, while her parents and brother slept in the bedroom. The toilet was just a hole in the floor, and it was next to the kitchen. They bathed in a lean-to her dad built against the nearby banana fermentation warehouse.
While her story started similar to many in her age group from Taiwan, Linda attributes much of her financial success to the decision to buy a few helpful wealth-building products that forced her to save monthly amounts of cash she wasn’t able to withdraw easily.
It wasn’t always like that: Linda didn’t become interested in managing her money until she was in her 40s. Yet, she was able to reach financial independence, enjoy a very comfortable retirement, and very passionate about helping parents and grandparents to gain the confidence to manage their money, save, and pay less tax.
She is focused on helping them in building wealth for future generations to leave a sizable
legacy effortlessly by following a few simple steps.
To give people from all backgrounds the power to become financial services business owners, so that every family can access financial knowledge, products, and resources to prepare for a better future.
To empower financial services entrepreneurs with the tools they need to help families have better futures.
Aug 15th, 2022
May 9th, 2022