FAILING TO PLAN IS PLANNING TO FAIL

A few years ago, when my elder son, Daniel, received his IB results, we were super elated.

He scored 44/45, just short of a perfect score. Fortunately, he has my wife’s intelligence gene.

Confidently, my son applied for all the available scholarships. To our chagrin, all came to naught. Some were so close after 2 rounds of interviews. But none was offered.

Later we learned what was the missing ingredient. The scholarship providers were all looking beyond academic results. Leadership quality was what they were after. One of the ways they assessed was school ECA, whether the candidate holds any leadership position.

Nobody ever told us. Otherwise, my son would have planned and focused differently. Our conventional thinking was so mistakenly wrong. If only someone had told us.

Fortunately, there was a happy ending. Just before school starts in SMU, we received the good news that my son was given a full scholarship! With no string attached. And it was not one of those he applied for.

When we fail to plan, most of the time it would not be a happy ending.

Life doesn’t always give us a second chance.

Make plans for your future NOW. Seek help and advice if you need them. Get a second opinion even if you think you already know.

When you are young and are most active in your working years (aged 28-50) that is the best time to plan your property portfolio. Plan from the time you buy your first property. With careful planning and investment, when you reach your retirement age, you can sit back and enjoy the fruits of your labour.

When buying a property, it is best to seek help from an experienced Property Wealth Planner so that you can avoid the pitfalls.

Failing to plan will almost always end in regrets.

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