Failing To Plan Is Planning To Fail
A few years ago, when my son received his IB results, we were 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 nought. Some were so close after two rounds of interviews. But there was no offer of a scholarship.
Later we learned what the missing ingredient was. 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. We thought academic results is the determining factor, but we were 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! It has 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 Now
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 28-40), that is the best time to plan your property portfolio. Start 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.
Unfortunately, most people don’t think that far. They are just happy with having a roof over their head. Working hard, saving hard and putting the money in the bank is the default mode. But their money is not working hard for them with inflation eating up the value of the hard-earned savings.
By the time they reach their retirement age, they fall back on their savings and CPF (with most part of it paying for the house they are staying in). They may have enough to get by but can’t afford their previous lifestyle.
All these can change with proper planning when they are younger.
Property prices in Singapore as a whole have gone up by a whopping 141.6 per cent in the last 15 years from 2005-2020! That works out to an annualized return of 9.44 per cent. Here we are only talking about capital appreciation, and have not the additional return through leveraging and rental income.
Do give contact me today to discuss how you can embark on your own journey of Property Wealth Planning today.
Danny Han has always been in the people’s business, having spent 23 years as a church pastor, five years as an insurance agent, and the last 16 years as a property consultant.
Danny has a genuine interest in people and firmly believes in personal integrity. While helping homeowners with their property needs, their interest always takes precedence over his personal gains. Hence, Danny has consistently earned his clients’ complete trust and loyalty. Many of them have become his personal friends.
Danny received his Diploma in Mechanical Engineering from Singapore Polytechnics and Bachelor of Science from Oklahoma Christian University of Science and Arts in Bible & Psychology.
Besides keeping abreast of the property market trend and constantly equipping himself to better serve his clients, Danny is a passionate foodie, a weekend cyclist, and an avid hiker.