Back in Singapore after 2 weeks in Europe for our honeymoon. First working day and back to eating good old caifan. Gosh, rice with curry sauce never tasted so good!
If you copy whatever I've done and still see no results, then perhaps we are talking apples and oranges - clearly you're operating in a different target market (and you still don't know it)!
"I AM STRUGGLING." - Colleague
Bumped into a colleague on the way to Kaki Bukit. She shared her struggles in the insurance industry. We had 10 minutes of conversation, and this was some advice I shared with her:
If we operate in the same target market and I happen to be achieving better results, then you study my business model and operate similarly. Learn from the best and copy from them.
It’s hilarious how I have so much to learn about sales skills from a random 76 year old aunty Irene. Always looking to improve to help clients create a smoother process for financial planning.
Made my first big (impulsive) purchase for my home yesterday! Worst part: I was sold by a 76 year old semi-retiree… and I didn’t even have the intention of buying the appliance! Money just flew away yesterday 😂 Here’s the story and 3 key sales takeaways:
Key sales takeaway #3:
Assume you have won the business once the customer starts thinking deeply. As I started researching more about the multi-cooker, she took out pen and paper and told me to share my details for the invoice. Every step of the closing process was smooth!
1. Aspirations. Recall why you are working hard, and remember what you are working towards.
2. Audacity. We must have the courage to work towards our goals. This may involve tough conversations. (It's normal.)
3. Action. Words are cheap; take action and make dreams a reality!
That's why I recommend pre-retirees to:
1. Decide on their ideal retirement lifestyle.
2. Calculate how much they will need per month for their retirement.
3. Invest properly to ensure that amount is paid out in passive income every month for retirement. (Not hold in a lump sum!)
One thing I commonly hear from pre-retirees: "I prefer to hold a lump sum in my bank account when I retire."
I'm shocked! Whenever I hear this, I explain 3 key risks with pre-retirees holding lump sums in their retirement:
3. Management risk. Some retirees may overspend or gamble their life savings away. Imagine running out of money at 75 because of overspending! Or worse - some retirees UNDER spend, and never get to make full use of their life savings😮💨 Then why work so hard?
Do you believe in forced savings for the future? Locking up your life savings in CPF, endowments, and illiquid investments?
Or do you believe liquidity and saving money yourself is the best way forward? Let me know!
After yesterday's Budget 2025, I shared some key highlights with a 56-year-old aunty. CPF contributions will be increasing for her age band, and that means she will be contributing 1% more of her salary towards her CPF.
She was so pissed when she learnt that! This is why ⬇️
I believe many Singaporeans have the same mental block with finances. We may not initially like forced saving, or having less disposable income to spend, but upon fully understanding the importance of financial planning, we're very accepting of preparing for the future!