Private Wealth Architect | High-Trust Planning for Business Owners & Professionals

 

  Story by Daniel Coughlin Where people will live the longest by the middle of this century Life expectancy is increasing globally thanks to improved healthcare and hygiene, medical technology advances, and poverty reduction. In fact, the human race is steadily edging towards the ultimate lifespan of 150 years, according to recent research. There's still a very long way to go to reach that milestone, and even by 2050, massive life expectancy disparities between countries are predicted to persist. While the global average is expected to rise from 73.4 to 77.2 years by 2050, some countries, particularly in Africa, are projected to fall way short of that figure. Click or scroll on to discover the predicted life expectancy in 2050 for 30 selected countries based on data collated by   database.earth , ranked from the lowest to the highest.  All dollar amounts in US dollars.

Courtesy of DollarSprout  

  The most pertinent question is do we settle every stage then only move on the next stage or do we learn having the wisdom to do money allocation which will allow us to do start off at least 2 stages at a go? From experience, it would be extremely pressure and boring to complete Stage 1 then move to Stage 2. FOMO will cloud us and when things get tough, we will abandon the plan. By learning money allocation such as taught in Financial Ruler, we are able to start off Stage 1 and Stage 2 simultaneously.  The focus is to be discipline in allocating the money, not the discipline to achieve the Goal (e.g. achieving Stage 1 first then move to next stage).  While learning about money allocation, it is also pertinent to understand that we need to increase our income by increasing our knowledge and skills. Increasing the income makes a lot of things possible! Stage 1 and Stage 2 are the labouring , Stage 3 and Stage 4 are actually the fruits of the labour . Money allocation in la...

Touch & Go e-Wallet currently pays an interest of approximately 3.49% (at the time of writing) paid daily if you deposit your money through the GO+. The underlying fund for GO+ is Principal e-Cash, a Shariah-compliant Money Market Fund. Conceptually, it sounds great depositing our emergency funds in Touch & Go e-Wallet. It seems better than depositing our money into Fixed Deposit because it would provide better liquidity at a rate which is better than the 1-month Fixed Deposit. The 12-month Fixed Deposit may be on par with regards to the interest rate but loss hands down in terms of liquidity. Any withdrawal before the tenure ends, could be forfeited. However, since Touch & Go e-Wallet is an on-the-go wallet, administratively or operationally, does it make sense to stash our emergency funds there? How discipline are we not to accidentally spend the emergency fund? This has nothing to do with the quantitative side of finance but the behaviorial side of finance (the one which...