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♥ Wednesday, August 15, 2007

Ok currently have a new source for income. Under Prudential, so i also have a mentor myself. This is to keep my target in place. Anyway, alot of people think its all about insurance. NO. What i'm promoting is long-term saving plan which i really encouraged people of my age to start now. There is no cost incurred while signing up, and you get to reap the benefits in the end, not me. How is it different from the bank is that for Prudential, they provide at least 4% interest as compared to bank that never even reach 1%. However you must know that this saving plan that i'm introducing doesn't allow you to withdraw until ur plan officially matures(maturity period is you decide 4 urself at the start b4 the contract). You can still withdraw, but they call it *surrender money*, means u will lose some of your money, afterall, you are the 1 that break the bond. This plan is called PRUSAVE, its to let u save for your future. So why withdraw when you can get back much more when ur plan matures? I wouldn't advise you getting PRUCASH(a plan that allows cashback of 500bucks after end of 2 years for 1 year each) because in the end what you get will be much more lower compared to PruSave. Would like to highlight that our Objective is to Save, so in my own perspective, or would i say many others more, PruSave will be much better a plan than PruCash. Think about it:)


Of cuz there is still the investment policies. Yes, indeed the interest is much more. I'm absoultely sure of that PROVIDED the economy is doing great. But you know the otherwise right? Shan't elaborate on that. 1 Thing about investment is that you throw in most of your eggs in2 1 basket means thousands being poured inside at 1 time. For saving plan, you save less than $100/mth and eventually you still will get back more only for a longer period of time. So its still better to be practical but not to be greedy. Low risk doesn't mean no risk. Yes, there are lotsa investment firms right now, but are you sure any1 of them is very stable? Prudential is currently ranked 8 which i believe in US$ earnt/year globally. Its still logically right to say that segregating your wealth is still much safer than pouring it into 1 firm. So trust me dudes, START SAVING NOW:) Do gime a call or drop me a message if you want to know more.


My target audience for this project would be Uni Undergrates/NSFs and especially for people who want to be independant and far-sighted. This is super useful for people that don't come from a rich family and for people who want to start planning for their retirement funds. Ok, please don't start saying "wah, siao ah, think so far 4 what. i haven work and you alr plan for retirement" Actually its true laa. Why think so far. You must be those rich bastards who think ur parents will leave you a mountain of gold for u till you die or those over-confident arse that think you cfm earn alot of $$$ next time after uni. So stop giving excuses not to save now. Or is it really that hard to save like $70 a mth? =S


Ok for me myself, i've got 1 PRUSAVE policy myself. My maturity date is 35years later. Just nice cuz you get to withdraw your CPF amount in 1 lump sum too:) So right now, i'm putting in like $70 every mth, with interest at 5.2%. So after 35 years, the guaranteed sum i will get is 30k. With 49k already in the plan cuz of the $70/mth i put in with interest accumulated, so total i can take back $79k. It may seems little but with that is enough to last you for quite a long long time. Of course you can earn more if you put in more laa. Thats common sense.


Exclusive edition for wednesday matches coming right after Lunch.


I`VE MARKED IT:D
2:25 AM