7CAPITAL touches on the 7 aspects of fundamental of financial principles adopted and conceptualised by Chew Hock Beng.
Firstly, we need to Create the financial objectives, based on one's current resources, i.e. the cash flow from various income source and the assets acquired so far. Knowing your financial ratio helps you to better manage the finances.
Your Game Plan, SMARTly, Specific, Measurable, Achieveable, Realistic, Time
MVG, Mission, DOME, Prognosis before diagnosis is malpractice, Begin with end in mind, The Pointer. The Map. The Guide., Inspect what you expect, Vision, Discipline, Clarity, Focus, Goal, Short, Medium, Long
Direction, MAP, Wealth Maintenance, Wealth Accumulation, Wealth Protection, Wealth Enhancement, Wealth Distribution
Process, H.E.A.R.D., Homework, Engagement, Anlaysis, Recommendation, Documentation
Methodology, Information Intelligence, Analysis, Recommendation, Implementation
Income Statement, Income, Effort, Passive, Expenditure, Outflow, Live, Learn, Play, Give, Saving Program, Structured, Unstructured
Balance Sheet, Asset, Tangible, Liquid asset, Invested asset, Personal Asset, The intangible, Human, Intellectual, Finanical, Transfer, Liabilities, Short term, Long term
Legacy, Financial asset, Non-financial asset
Values, Clarity, Balanced, Focus, Confidence
Evaluate what you spend
Set up spending priorities
Pay yourself first
Preservation is the key to protect the capital already accumulated so far. Not only do we preserve the capital, we works towards enhance the growth of the assets. We help clients develop an investment program that is appropriate to their unique situation, yet will grow at the desirable rate. With the help of our proprietary tools, clients stand a better chance of enhancing their investment return, thereby fulfilling their long term financial dreams.
TIME, Tax free?, Inflation adjusted?, Mistake, Emergency $
Reasonable?, Make Money, Do not lose $, Shortest possible time
Wealth Building, Saving, Income
Economic, Good, Equity, Neural, Sideway, Bad, Bond, RED, Reassured, Educate, Direct
Any financial plan without placing any proper risk management in place is futile. The reason is simply Insurance planning is the foundation of a sound financial plan.Without an adequate protection plan in place, clients will be vulnerable to the effects of a chance misfortune which may cause tremendous financial loss. Our planning helps to ensure that client's lifestyle will remain intact even in the event of such misfortune.
Utmost Good Faith
Basis of Reasonableness
Critical illness, lump sum, deferred period, maturity age, tax free claims, any occupation, no ongoing check
Disability Income / LTC, income replacement, subject to % cover, own occupation for DII, ongoing check
Die too young
Diagnosis with Critical Illnesses
Live too long
coverage vs premium vs need, Term, limited pay, pay as you live, Whole Life, limited pay, life payment, single pay, Endowment, term, full term, limited pay, pay out, coupon payment, full redemption, Combination, cost-effective options, InS+InV options, needs based analysis, Annuity
Accumulation of your capital is the the next important planning area. Here you will get to know your numbers to achieve your long term accumulation goal. In Singapore, the two most common needs are RETIREMENT Funding and Children EDUCATION Funding. We help clients to develop a realistic and achievable program to meet these needs.
Structured, Fixed Period, Inflexible, Disciplined, Low risk, With profit, skewed to bond, life coverage option, tax free return, tax internally
Non-Structured, Flexible, Flexible term, Required Discipline, Medium to high risk, equity-based, volatility, Performance-based, Partially tax-free maturity, Partially taxed
How you want your capital to be Transferred depends on on how you are going to distribute your wealth? Here we will look at preserving and distributing one's estate. The only certainty in life is that it will not last forever. We help client to develop an effective and efficient Estate plan so that the legacy of the client can be well preserved and distributed according to his wishes.
Estate, Create, Preserve, Distribute
Issue, Cost, Confusion, Conflicts, defer, decrease, dump
Aim, Protect, Preserve, Perpetutae
Tax avoidance, Relief, Tax incentive, Tax Saving, SRS
Achieving financial independence when one retire is certainly an important goal in life. Annuity is an important tool to allow the retiree to have a smooth flow of income and creative use on annuity concept would enhance the capital further. Isn't it true that the only person who can take care of the older person we will be someday is the younger person we are today? And, whether we get to enjoy our retirement, or we could retired from our enjoyment... it's a matter of choice.
Investment portfolio, Conservative, Balanced
Finally, adopting proper financial Leveraging would enhance your wealth position. Akin to how the way the gears in your car transfer engine to speed to road speed, financial leveraging or gearing would accelerates (or decelerates) your returns on investment. With proper planning, financial leveraging can be successful only when the risk involved is fully understood.
Real Estate, Residential, Commercial
Tenure, Short, Long
Interest rate, Flat rate, Flexible rate
Repayment, Fixed, Extra payment
Market condition, Up trend, Down trend, Sideway
Busy working professional who values quality financial & investment advice.
For those who has already accumulated wealth to achieve their Financial Independence within 10-15 years.
For those who want to be in control of their time and money.
mObile @ +65 9389 7195