Why An Umbrella?

Why an umbrella?

Why not a rain-coat? So amusing if i put it that way but actually it does not matter anyway. Whether a rain-coat or umbrella, both serves the same function to us.

As long as i have something to protect me from the natural fall of water from the sky, i am save from catching cold or any other complications resulted from being drenched by the rain.

An umbrella is seen as a symbol of protection from hazardous event that could bring some adversity to our healthy body. Therefore it is very rightful thing to do, to prepare an umbrella NOW in case of any uncertainties in days, months or years to come.We can't really forecast when we need to utilize the umbrella but when it is required, it will be too late to to search for one. In the absence of an umbrella, you would be doing few rational things such as, wait for the rain to stop or bulldoze through the bad weather to reach your destination. In either way, you cannot escape from going through hardship. Much precious time is wasted by simply waiting under a shade for the rain to subcede. Remember, a wasted time is where the devil resides!! If you bulldoze through the bad weather, you put your physique in high risk of unwanted 'accidental' incidents.

All in all, it is beneficial to make some provisions now in order to sail through your life pleasantly.

The analogue i narrated above can precisely be used in our day to day financial planning tasks.

Putting your money in an Unit Trust Investment scheme solely will not bring you to materialize your financial objectives such as achieving your retirement or your child's education fund. You need to live and stay healthy to see your plan come to reality. What is the point of saving for your retirement fund if you outlive it? What will happen to your retirement fund if you 'kicked the bucket' early?

Wealth creation, wealth accumulation, wealth protection and wealth distribution is a financial planning cycle where an investor, if practised, would be in a safe position of realizing goals.

It is a process and a lengthy one. So, it is crucial to protect your health on an on-going basis right up to the last stroke of breathe. 

Medical cost in Malaysia is an issue and its inflation is ever rising exponentially. Inferior quality of health is a number one major cause of investors outliving their retirement fund target. Medical expenses is so high that it may erode away your retirement fund during wealth accumulation period. 

Escalating consultation (GP) fees, consultation (specialist) and medical examination fees are rising drastically and i believe if investors fail to prepare for this, they will end up using their retirement fund instead to cover medical costs.

Below is chart that shows how much the medical fees have risen in 2014. It has been extracted from  the Private Healthcare Facilities and Services Act 1998.

So, let's make a resolution now and start looking after our health and wealth! Eat nutrisitional foods, more on vegetables and fruits, exercise and eliminate intoxicated intakes, and finally stay investing!!