Throughout many scholar’s life journey, there isn't much exposure or guidance on how to plan your financial expenses, how to have passive income or how to invest your money for certain life goal and retirement. Some say it's a taboo to talk about money sometimes, but I think most of time it is because people really have no idea how to go about with it. Hence, they placed money in Fixed Deposit, EPF and they call it a day.
And I used to be one of them till I met up with my financial planner now my coach in FinAIMS. I have gained so much knowledge in financial planning to learn ways to re-invest using my existing EPF savings, double up my retirement fund by investing in Private Retirement Scheme (PRS) to fight inflation rate and invest regularly in Unit Trust funds for diversify portfolio. Today I can happily say I am financially independent and on my way to financial freedom. It was also a great pleasure to share this knowledge with my friends and family and able to help them is so rewarding to me.
Start young, start with the amount you are comfortable with. Do something today that your future self will thank you for.