3 Policies but no Coverage???

Don’t know if you guys recently managed to read this article on not able to claim for Early Stage Critical illness.

She has 3 policies, but no coverage 42-year-old woman diagnosed with early breast cancer says gaps in her insurance policy were not explained to her. – Tue, Aug 31, 2010 The New Paper

Well it goes something like this…..

WITH three critical illness policies under her belt, she assumed her insurance coverage was comprehensive enough.

Ms Theresa Tan’s policies with Prudential saw her dutifully forking out a total of $600 in insurance premiums every month.She believed she had forked out about $77,000 for them over the years. But when it came to coverage, the mother of three, 42, thought wrong.She was diagnosed with early stage breast cancer, or stage 0, in June.

That same month, she went through a 12-hour operation at Gleneagles Hospital to remove her right breast and to have reconstructive surgery done, using skin and fat from her stomach.The operation and hospitalisation cost $30,000 and was covered by another insurance policy she had with Aviva. Ms Tan then tried submitting her claim to Prudential this month for loss or potential loss of income.

She thought she could claim up to $100,000 for one policy and up to $107,000 for another policy.But her claims were rejected by Prudential, which explained to her in a letter that her condition was non-invasive and “does not fulfil the definition of cancer”.

Ms Tan’s condition is known as ductal carcinoma in situ (DCIS) in her right breast.This is a condition where the cancer starts in the milk ducts of the breast. It was considered non-invasive at that stage as the cancer had not spread beyond the milk ducts into the surrounding breast tissue.In Ms Tan’s case, she had a mastectomy because the cancer cells were located in various parts of her breast.

A spokesman for Prudential Singapore said Ms Tan’s policies “unfortunately do not qualify for stage 0 cancer.”She said coverage of early stage cancers depend on the kind of policy purchased and the definition of cancer in that particular policy.She said: “Standard critical illness (CI) policies typically do not cover stage 0 cancer… It is important to know that each and every critical illness stated in the CI policy is precisely defined.

All existing insurance companies practices the same conditions and definitions, when it comes to Critical Illness Claims. As they follow the Life Insurance Association (LIA), guidelines.

So in short, what you might have now in terms of critical illness coverage, does not cover EARLY STAGE CRITICAL ILLNESS. Unless you have a specific plan that does, you are leaving yourselves vulnerable.

Prudential has since launched a product to cover such a loophole in our personal financial planning. It’s called PRUearly Stage Crisis Cover.

Fast Facts :

Why most standard policies don’t include non-invasive cancer???

MsPauline Lim, executive director of Life Insurance Association (LIA), explained: “Carcinoma in situ is specifically excluded from cover as these cancers can be treated and is not viewed as a ‘critical’ condition.”

She said: “Insurers base their premiums on the extent of coverage.

“There is a much higher incidence of the less serious cancers, so if they are also covered, it means premiums will cost much more and become less affordable for most ordinary people.

“This is not beneficial from a public policy perspective. LIA reviews its standard CI definitions from time to time.”

The LIA standardises the definitions of critical illnesses.

Ms Lim said consumers should look out for the following:

  • The scope of coverage and the circumstances under which policy will pay out.
  • Whether the amount of critical illness (CI) payout is sufficient.
  • If the CI premiums are fixed or if they increase as the policy holder gets older.
  • If there are exclusions for any of the CI conditions
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Back To The Basics!

A good number of young professionals in their twenties are either deep in credit card debt and student loans, or are living from paycheck to paycheck.

However, there are some who have learned to rein in their finances. They don’t have special secrets, they just learned from time-honored financial practices that their grandparents lived by.

The following tips are based on financial practices and methods that have worked and have helped many individuals stay afloat and comfortable even in these uncertain times.

1. Save for purchases.

Saving is a habit a lot of people are learning to forget because of the convenience of credit cards. For instance, it’s easy to get tempted by offers such as XXX Banks Credit Cards, hat will give you cash back upon your first sign up. Sounds great, but only in the hands of those people who are confident about paying off their cards.

Because of the consumer-oriented nature of businesses nowadays, people are enticed and conditioned to buy, buy, buy, even at a young age. So instead of learning how to save for those things we want, we choose instead to just swipe that card. Whatever happened to setting aside the money until we have enough to make the purchases we’d like to make?

2. Save for the future.

If there’s anything that you can do for your financial health — which you should keep doing regardless of how boring or challenging it can become — it would be to save and invest for the long term. There are a lot of goals to save for and by getting into the habit of saving, you’ll eventually find your money growing on its own accord.

Avoid using credit indiscriminately and work to build a savings fund that’s dedicated for emergencies, and another one that’s dedicated to your future goals. Build your emergency fund and have a backup plan to keep you from getting an overdraft or from accumulating credit card debt that could arise from coping with a calamity or an unexpected event. Grow your other savings fund into an investment portfolio that you keep in mutual fund companies or well regarded investment brokers.

Long-term goals include saving for your retirement. If you have kids, you should save for their University education as well. Don’t get tired of saving! It could be your financial salvation!

3. Live within your means.

True, it can be a downright test of your will each time you walk by your favorite gadgets, clothes or insert-your-shopping-addiction-here store. In your mind, you may be thinking about how easy it would be to make a purchase by simply using the plastic. So you start to reach for your card. But wait! You just finished paying off your credit card debt! Must you kill yourself financially once again?

Living within our means is a habit that many of us have lost. However, we have to accept the fact that we have to practice a bit more will power and live within our budget. If it’s not in the budget this month, make it part of the budget next month. If need be, sacrifice a bit of your food allowance, or cut the budget allotment in other areas in order to afford the one thing you want. Maybe you don’t really watch cable TV. Maybe it’s time to have it cut off? How about switching to a lower plan? How about cutting down on going to the theater?

If you need to have that something shiny from your favorite store, make financial space for it. And while you should think about making room for it, be careful that you don’t let it edge out everything else. Don’t just give in to the lure of today’s modern financial conveniences.

While credit cards have advantages, like cash back rewards and other benefits, make sure that you use them wisely. Don’t let them rule you. Instead, be the one in financial control.

Go back to the basics. Save, save, and save some more.

Tighten your belt by living within your means too. Then, when you’re ready to take risks, maybe it’s time to look into mutual funds and get into the game of saving on steroids. The point is, it’s all about saving.

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Age 50 and above? Don’t forget your insurance

Now, more than ever, insurance coverage is needed to protect yourself and your loved ones in case of an unfortunate accident. Insurance for people over 50 doesn’t end with life insurance. There are many other situations where it can be instrumental in keeping those golden years valuable.

Life insurance is what many people are thinking about. We want our spouses and children to be taken care of when we pass. In the past, the insurance game was such that life insurance was unavailable to pensioners, but now it is a simple matter to get a deferred term life insurance policy up to the age of 85.

Life and death are not the only matters of importance. Often, death is preceded by costly
hospital or long-term care. Health insurance is needed to take care of these costs as they occur,because quite frankly sometimes a doctor knows what he’s doing and you end up living for ten to twenty more years in relative good health. You don’t want those years to be spent drowning in debt. Even if you already have a good health insurance policy, there may be holes in it. In such a case, a second, or gap insurance policy can help to close those gaps and provide true full coverage that includes all prescription medications.

Your car insurance should also not lapse. You have to be honest with yourself. Your senses are not going to be as sharp as they were when you were 20 years old. Accidents do happen and your vehicle should be protected at all times. You may not be planning a new car purchase, and if that is true, then your automobile must be covered for all situations and include rental car benefits in case of an accident.

Lastly, travel insurance over 50 is always a good idea. Many retired couples and singles alike
spend some of their time traveling, seeing places they’ve always wanted to see and visiting
far-away friends and relatives. Travel insurance makes sure that you are covered for medical
emergencies even if you are in another country and it also protects your ticket investment
should you have to cancel. Insurance is important at all ages – please don’t let coverage lapse, thinking it doesn’t apply. Insurance can save you from embarrassment and protect your family. That’s really what’s important.

People over 50 who are not working full-time should consider specialist insurance catering to their age group. Finding such policies for car insurance and travel insurance could make a real difference to your budget.?

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Benefits of Saving early

Why start saving early?

Start saving early and it could make a world of difference to your retirement plans. Time is your best friend as you will find in this story. Here, we assume five individuals at different stages of their life, from those earning at entry-level, to those close to retirement age. All aim to achieve a monthly income of S$2,500 during their retirement years from age 62 to 82. We also taken into account that the inflation rate stands at 3% per annum, meaning that the general cost of goods and services rises by that amount each year.

Further, we assume that whatever the investors save during their pre-retirement days will earn 8% annually. After they hit the age of 62, we assume that the return on their savings drops to 4% per annum as they take less risk in their investments. This simple illustration does not take into account your other financial needs, such as whether you have planned for your insurance needs (life or term insurance, mortgage insurance, health and hospitalization plans).

If You’re 25

Savings: S$0

Monthly Salary: S$2,500

Rate of Increase in Wages: 3% p.a.

Number of Months in Bonus: 2 months

Housing Loan: Not Required

What You Need to Save per Month for the next 37 years: S$158.30

Planning for your retirement when you are 25 years old may seem a bit far-fetched. But the benefits of starting early cannot be underestimated. Assuming that a person starts working at 25 with a salary of S$2,500, you would need to save S$158.30 per month to ensure that your retirement income can stand at S$2,500 per month during your retirement days, which we assume will run from the age of 62 all the way to 82. Even with no savings to start with, having a regular savings plan (RSP) may be a good way to start planning. An RSP would ensure that you have the discipline to force yourself to invest – there is little room for excuses! Very often, we may be tempted to use up our savings for a travel trip or to purchase that dream car. And even for those who believe in the merits of investing, they may not have the discipline of investing regularly because they feel it is not the “right” time to invest. This could be especially true when markets are going through a bull run and some may feel that it is too expensive to go into markets. An RSP is a disciplined way to ensure that you will invest no matter markets are up, down or sideways.

If You’re 35

Scenario 1

Savings: S$0

Monthly Salary: S$6,000

Rate of Increase in Wages: 3% p.a.

Number of Months in Bonus: 2 months

Housing Loan: S$800 per month over 30 years

What You Need to Save per Month for the next 27 years: S$666.57

Scenario 2

Savings: S$40,000 (earning 1% p.a.)

Monthly Salary: S$6,000

Rate of Increase in Wages: 3% p.a.

Number of Months in Bonus: 2 months

Housing Loan: S$800 per month over 30 years

What You Need to Save per Month for the next 27 years: S$620.73

At the age of 35, the monthly salary is assumed to have risen to S$6,000. But being able to afford an expensive lifestyle has meant that there are no savings in the bank account, and now you have a  housing loan to deal with. While things do not look very bright, it is not too late. Save S$666.57 per month and you could ensure that you have S$2,500 every month during your retirement days.

If You’re 45

Scenario 1

Savings: S$0

Monthly Salary: S$8,000

Rate of Increase in Wages: 3% p.a.

Number of Months in Bonus: 2 months

Housing Loan: S$800 per month over 20 years

What You Need to Save per Month for the next 17 years: S$1692.34

Scenerio 2

Savings: S$40,000 (earning 1% p.a.)

Monthly Salary: S$8,000

Rate of Increase in Wages: 3% p.a.

Number of Months in Bonus: 2 months

Housing Loan: S$800 per month over 20 years

What You Need to Save per Month for the next 17 years: S$1582.63

At the age of 45, things will get tougher if no plans have been made yet for retirement. After all, the time horizon till the retirement age of 62 is less than 20 years. Assuming that there are no savings in the savings account, you would need to save S$1692.34 per month. And even with savings of S$40,000, you would still need to save S$1,582.63 per month.

If You’re 55

Scenario 1

Savings: S$0

Monthly Salary: S$10,000

Rate of Increase in Wages: 3% p.a.

Number of Months in Bonus: 2 months

What You Need to Save per Month for the next 7 years: S$5319.54

Scenario 2

Savings: S$40,000 (earning 1% p.a.)

Monthly Salary: S$10,000

Rate of Increase in Wages: 3% p.a.

Number of Months in Bonus: 2 months

What You Need to Save per Month for the next 7  years: S$4937.02

The lesson is to start early. The later you drag your retirement planning, the higher the cost. You would need to save over S$5,000 per month (over half your salary) from the age of 55 to 62 to ensure that you have S$2,500 per month during your retirement days.

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Do you know a DINKs?

A candid insight to financial planning for DINKs…..

Do you know a DINKs?

I am sure many of you would know one or two DINKS. It is – an acronym for double income, no kids – a couple with high earning and childless,therefore able to afford a more expensive consumer lifestyle. They would enjoy the best of having two pay checks and a greater income disposable means.

During this period, one would fall into the situation where growth in income and expenses are playing a game of “catching”. This often results in couples strugling to meet the balance between their monthly expenditures and savings. Many times, you hear them saying that’s impossible to put aside money for savings or retirement but do take heed that this is essential. As this is the prime earning period of their life, to reap the benefits from the forsight of early planning.

If you were to achieve your retirement goals, planning for it as early as possible is a must. Bearing in mind that the later you wait, the greater the opportunity cost you will have to bear. Inflation itself, would be one of your worst enemy at the later stages in life, which equals to you having to put more money aside for savings. Early planning would help to curb this scary element.

This is also the time where most would be looking to buy or upgrade their property. Having worked for some time now, careers would be nearing their peak. Choosing the right property for many home buyers is never an easy task. As buying a property here in Singapore is one if not the most expensive commitment one has to undertake in life. Things to consider, are not to over commit yourselves with this purchase as this would be taking the main bulk of your income. Not forgetting that other unforeseen commitments may appear in the future, such as welcoming a new born to the family, illness in the family or another financial crisis. So getting a reducing mortgage insurance or a insurance plan that will give equal coverage to pay for the house, should a premature death of a spouse occur.

Couples should also consider having a combo of a joint and individual bank accounts. The joint account would be ideally used for living expenses payment, as it could be easily keep tracked of their spending. Many also find saving from an individual account works better for them.

Communication is the key too at this stage, new couples should talk and be upfront with their expenses. Working out plans and strategies, identifying what’s a want and what’s a need for them. Slowly but surely working towards and realizing their financial goals. Clearing off personal debts early is a recommended first step, as after that hurdle, it would only get easier to plan for both your financial goals. Newlyweds should also remember to update your CPF nominations and update to add their spouse to their existing relevant insurance policies.

Putting aside some money to invest in life insurance plan is also very important, as this would protect both you and any dependents against the lost in financial due to unforeseen events. As i would liked to call them the 3 big robbers of our lives, Death, total and permanent disability and critical illness. As we age gracefully, bear in mind we still need protection and money. Their are plans out there that you would only need to pay premiums for a limited period of time and yet get the coverage for whole life, sounds great right?

I hope i have shared with you some stuff that would be useful to you and your friends. Maybe the next tine you meet with a DINKs, you can share a common topic with them? =)

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CPF interest rates to raise by 1%

Recently, it was announced in May 2010 that the CPF interests rates would go up by 1%. Is this a sign of market recovery in the long run?

Check out the article below…….credits to CPF website for the information.

Joint News Release by:
Central Provident Fund Board
Housing & Development Board
12 May 2010 –

Interest Rate For Ordinary Account (OA)
The Board will continue to pay 2.50% interest per annum for members’ CPF savings in their Ordinary Account (OA) from 1 July 2010 to 30 September 2010. The computed CPF interest rate derived from the major local banks’ interest rates for the three-month period, 1 February 2010 to 30 April 2010, worked out to be 0.41 % per annum. However, the higher rate of 2.50% will be paid as the CPF Act provides for a minimum CPF interest rate of 2.50% per annum.

HDB’s Mortgage Rate
The concessionary interest rate for HDB mortgage loan, which is pegged at 0.1 percentage point above the CPF interest rate for the OA, will remain unchanged at 2.60% per annum from 1 July 2010 to 30 September 2010.

Extra Interest of 1%
In addition, an extra 1% interest will continue to be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the OA. The extra interest from the OA will go into the member’s Special or Retirement Account to enhance his retirement savings.?

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Inspiring Speech by Steve Jobs

Recently i came across this piece of article and spend some time reading it, i felt great after reading it. So here i am sharing it with the world again….

http://news.stanford.edu/news/2005/june15/jobs-061505.html

Stanford Report, June 14, 2005

‘You’ve got to find what you love,’ Jobs says

This is the text of the Commencement address by Steve Jobs, CEO of Apple Computer and of Pixar Animation Studios, delivered on June 12, 2005.

I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I’ve ever gotten to a college graduation. Today I want to tell you three stories from my life. That’s it. No big deal. Just three stories.

The first story is about connecting the dots.

I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?

It started before I was born. My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: “We have an unexpected baby boy; do you want him?” They said: “Of course.” My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college.

And 17 years later I did go to college. But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents’ savings were being spent on my college tuition. After six months, I couldn’t see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn’t interest me, and begin dropping in on the ones that looked interesting.

It wasn’t all romantic. I didn’t have a dorm room, so I slept on the floor in friends’ rooms, I returned coke bottles for the 5¢ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it. And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example:

Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer, was beautifully hand calligraphed. Because I had dropped out and didn’t have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and san serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can’t capture, and I found it fascinating.

None of this had even a hope of any practical application in my life. But ten years later, when we were designing the first Macintosh computer, it all came back to me. And we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts. And since Windows just copied the Mac, its likely that no personal computer would have them. If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards ten years later.

Again, you can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.

My second story is about love and loss.

I was lucky — I found what I loved to do early in life. Woz and I started Apple in my parents garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4000 employees. We had just released our finest creation — the Macintosh — a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.

I really didn’t know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down – that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me — I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over.

I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.

During the next five years, I started a company named NeXT, another company named Pixar, and fell in love with an amazing woman who would become my wife. Pixar went on to create the worlds first computer animated feature film, Toy Story, and is now the most successful animation studio in the world. In a remarkable turn of events, Apple bought NeXT, I returned to Apple, and the technology we developed at NeXT is at the heart of Apple’s current renaissance. And Laurene and I have a wonderful family together.

I’m pretty sure none of this would have happened if I hadn’t been fired from Apple. It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don’t lose faith. I’m convinced that the only thing that kept me going was that I loved what I did. You’ve got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don’t settle.

My third story is about death.

When I was 17, I read a quote that went something like: “If you live each day as if it was your last, someday you’ll most certainly be right.” It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: “If today were the last day of my life, would I want to do what I am about to do today?” And whenever the answer has been “No” for too many days in a row, I know I need to change something.

Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.

About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn’t even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor’s code for prepare to die. It means to try to tell your kids everything you thought you’d have the next 10 years to tell them in just a few months. It means to make sure everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.

I lived with that diagnosis all day. Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I’m fine now.

This was the closest I’ve been to facing death, and I hope its the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept:

No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.

Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma — which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960′s, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.

Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: “Stay Hungry. Stay Foolish.” It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.

Stay Hungry. Stay Foolish.

Thank you all very much.

Whats is Financial Planning?

What is Financial Planning?

Financial planning is the process of meeting your life goals through the proper management of your finances. It is a process that consists of specific steps that help you ascertain your financial condition objectively.

However, we often make our financial decisions in a haphazard manner. We tend to have no overall direction or lose the determination to enforce our decisions. Eventually, we do not achieve our intended goals or take a longer time to achieve them.

So how do we do it? Acknowledging the importance of having this is the first step. The next is to put in place a systematic way to plan and protect your future goals and dreams. With this in forced, you would certainly have a peace of mind, knowing that your future is secured. Isn’t this what we all yearn for?

Motor Insurance Quotation

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