Young & Bankrupt

Just reading this title is depressing enough. Young and BANKRUPT!!!! Why not rich, vibrant, energetic, abundance, etc?

The young people are the future of our countries. Just how and why are so many of them falling into this trap? Well, I was a young dude once myself….not that am old now but what am trying to say is, hormones are raging and peer pressure is unbelievable and temptations exist at every corner. Blame it on society or blame it on the lack of education at home?

 

Being bankrupt can be quite traumatic but good news is, being young, they have time to recover and be restored back to their feet. Here’s some brief thoughts on ways to avoid falling into this pit…

  1. Parents lead by example. Remember your children are watching you and will follow your footsteps
  2. Emphasise the importance of prudence and financial intelligence
  3. Learn about value of money — folks, please don’t splash your kids with money. Make them earn every cent. You gotta be cruel to be kind
  4. Alert and prepare them in advance to the existence of peer pressure
  5. Being rich need not be a public announcement
  6. Educate them that their confidence is not drawn from their money or appearance of money 
  7. Etc etc etc

There, I’ve said enough briefly. Our prayers are that your kids will never need to experience the trauma of bankruptcy. Lesson can ways be learnt without going thru the hard way.

Over to you dear parents…

BEST Wedding Gift

Who’s already married and/or who’s contemplating marriage?

Ladies, congrats to you if you have found your Prince Charming. One important question for you though….”How do you know if he really loves you?” Is it because he said so? Or maybe he buys you tons of gifts?

Well, I’ve no doubt that if he proposed to you, he does love you. However, he might not know how to love you correctly. Confused? Let me explain…

Loving you is a lifetime thingy. Love is a verb. It is not love you today, will see how it goes tomorrow. Loving you is taking responsibility of your well being for 3 days — yesterday, today and tomorrow. Loving you means you will be taken care of regardless of whether he is alive or not. Being deceased does not absolve one of responsibilities especially if the family has multiplied (including children). Husbands, you cannot tell your wife that if you are no longer around, she should return to her parents to be cared for.

Husbands, IT IS YOUR RESPONSIBILITY now and forever more.

Wives-to-be, has your future spouse presented you your best friend aka diamond? But how is a diamond going to care for your needs if he is no longer around?

*Pause* we are not trying to spread bad messages in the midst of blessings of marriage. Rather we wish to highlight a fact of life that wives need to be cared for and it is the responsibility of husbands! That’s love!

Coming back to our conversation….won’t it be fantastic that he gives you a “gift” that will pay for all your needs….to the extent of maintaining the lifestyle that you wish/want for years years and years? That will certainly give you absolute peace of mind and heart.

How do we do that, you ask? Make your hubby prepare a “love letter”. Not just penning a love letter but preparing a love letter that pays you cash! This is more significant than any diamonds, shoes, bags that he can give you. Of course, we are not advocating not to receive those very nice gifts but merely position it in priority.

Before diamonds, bags, shoes, etc, have this love letter DONE which will pay for your basic needs — food, clothing, shelter, bills and then the wants aka bags, shoes, etc.

Where to find this love letter? How to prepare it?

At NICKG Financial Designer, we make it easy and simple for you. Talk to us and we will make it happen for you!

NICKG Financial Designer
Email: NICKG.financialdesigner@gmail.com
http://www.fb.com/NICKG.advisory

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Are You Thankful?

Some time ago, I made a reminder call to my client as my usual practice, to remind him the date of his Will signing. Before we ended the conversation, he already thanked me like how many times…. Each time we see this family, they always thanked us like ten times! With this kind of treatment, I’ll be the first to feel bad if really anything went wrong. And of course we’ll make double triple sure we do our best for them, ain’t that right?!!

On one hand, I am really thankful that we are blessed with such good clients…..this is one among the many.

On the other hand, I feel that these are the people who really understand that proper Estate Planning are really important and beneficial to their families! May God blesses them.

Stephanne Foong, Lifestyle Estate Planner
0122189316
Nicholas Gan, Lifestyle Financial Designer

http://www.facebook.com/CelebWill
http://www.facebook.com/business.succession
http://www.facebook.com/WASIATku
http://www.facebook.com/NickG.Advisory

Money Here & There

We have friends in many countries. We have travelled to many countries too. One comment we receive from our overseas friends, similar to our personal observation is “cost of living is very high in Malaysia, in particular Kuala Lumpur”.

Here’s a recent comment from a friend who resided in England. For his services here in KL, he charges RM100 per session but in England, he charges £40. Put aside the currency exchange. We are analysing the situation on basis of dollar to dollar. He commented that RM100 may seem much but in actual value, it is little. A visit to the supermarket will easily cost RM70-100 while £30-50 is sufficient.

Why is the cost of living in KL so high? England is a developed country. Ain’t the cost of living supposed to be higher? So where and what are we not doing right here? Look around you. The middle income earners and below are struggling to make ends meet. Many couldn’t even afford to buy their own homes.

Well, we can go on and on about expenses and costs but can we actually change anything? What is within our control however is to make a better income. Yes, looking for a better paying job helps but more importantly is making our money work harder. Right?

How are you making your money work? Or have you not begun at all? How can you make your money work? What options do you have? Have you taken the corresponding risks into consideration?

There’s too much to cover. Perhaps in the coming weeks we will try to cover some of the relevant topics. Meanwhile, if you have any questions or more importantly, intention to get better value out of your money, then drop us an email at the contacts below…

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Success Stories….Dato’ Michael Tio, the BIG Hearted Modern CEO

Article and informaton below reproduced with permission from Stephanne Foong, Founder of Celebrity’s Will, Your Will Be Done and co-Founder of Business Succession Planning

The Big Hearted, MODERN CEO! “Happiness derived from seeing others happy!” 🙂

BIG Hearted Modern CEO

BIG Hearted Modern CEO

Dato’ Michael Tio, the Chief Executive Officer and man behind PKT Logistics Group Sdn. Bhd.Dato’ Michael Tio, is not only contemporary and innovative in approach, he is one man with a BIG heart!

Modern CEO is a giver in many ways, because his personal outlook in life is that money is not everything, and ‘HAPPINESS derived from seeing other people happy!’ Wow! What a pretty outlook in life! Now for the rest of us to have this outlook as an integral part of our lives, we need to “afford” it too. Simply because if we have such an outlook but not afford to bring to life, it will just remain a theory. But for Dato’ Michael, it is an outlook and part of his living since his young age.

The Entrepreneur gene in him, started him with a business that made him a lucrative income while he was still pursuing his degree in UK. He traded luxury cars. He exported his first car at age 18. As with most undergraduates leaving home to pursue higher education abroad, Michael was given £600 by his parents to accompany him in his voyage. However, when Mummy came visited young Michael the following year, he proudly returned the sum to her and announced that he was earning himself a lucrative income!

Yes, he started young! Both his entrepreneurial activities as well as his principle in delighting others through his affordability.

Dato’ Michael believes in investing in his organization especially his people. And the word is simply GENEROUS. For example, the PKT management trips are not only luxurious but always an adventure and a class of its own. Their latest trip in Kenya and Tanzania “Chasing After The Great Migration” was a special route hitting places you almost never get to experience and a trip perhaps possible if you’re working for National Geography. PKT has many activities sponsored by Dato’ Michael with the same outlook.

This big hearted CEO also plans and provides annual trip to his family clan of more than twenty individuals. To me as a Lifestyle Estate Planner, he is a true reflection of a positive High Net Worth individual and Entrepreneur.

Dato’ Michael Tio, a name synonymous with the word Modern, earns himself a name as Modern CEO. This modern CEO of PKT, blows minds away! In most companies, usage of Facebook is restricted or even prohibited. However, in PKT, every staff is required to be Facebook savvy.

The entire staff force communicates via Facebook. They even conduct and record meetings via Facebook. In short, the entire organization is ‘Facebook Boleh!

Really? Is This True? Is this happening in Malaysia? These are the common questions we received and had many eye brows raised due to both curiosity as well as excitement. Many find it hard to believe that this is true but yet such an attraction. Yes, yes, this really is happening! Many Generations Y and Z are keen to work for a Boss and Organization such as this:-)

Dato’ Michael’s philosophy for PKT was to work hard in early stage to establish the business, thus turning it into a passive income. As our Malaysian adage says, “Susah Susah dahulu, senang senang kemudian”.

His business is about motivating his people to work hard and achieve the organization’s goal. His role as CEO is make his entire organization embrace His Vision and work hard to reach that vision. In short, he says “Implant the same Passion”.

His Inspiration is to strive the way to be different, INNOVATION. If someone else has done it before, then it is not new! This same advice is given to all his staff in the management and execution of their roles.

His approach to branding is the MILO VAN theory. Remember the days of old when we used to have MILO VAN coming to schools and offer each kid a cup of nice cold Milo. As each kid enjoyed the Milo drink, it is indirectly endorsing the MILO brand into their young minds. It worked well making MILO a clear choice of chocolate beverage to almost every kid. How interesting! Dato’ Michael has the same philosophy in making PKT known to the younger generation with a PKT tour and experience.

As we explored a little into his history, Daddy was both Dato’ Michael’s inspiration and naysayer. Dad started PKT and as an Entrepreneur planted seeds of imagination and visions to be an entrepreneur in the then young Michael.

As we all knew, Michael already had a lucrative business of his own while pursuing his education abroad.

However, his life calling came and pursued Michael to be an Entrepreneur. Michael came back from overseas to succeed PKT. Daddy who was used to his own safe and sure ways similar to most local business people, found it hard to accept his son’s modern, innovative and daring endeavors. However, as in most SUCCESS stories, Dato’ Michael cleverly persevered and proved not only to his beloved Dad but to the society at large, that it paid off abundantly to be BOLD and inspired with modern innovations. Today, Dato’ Micheal Tio is the leading inspiration and Modern CEO whom many look up to.

Celebrity’s Will has many chances to be up close personal with Dato’ Michael, not just for an interview. Founders Stephanne Foong and Nicholas Gan are privileged to be a part of the “Adopted Staff” of this cool organization. Adopted Staff of PKT is another innovation of Dato’ Michael in extending the culture of PKT to a limited and privileged group of professionals.

And as Adopted Staff we enjoyed privileges in the house of PKT and celebrations. These all due to the Big Hearted CEO! For his “Happiness derived from seeing others happy!”

Thumbs up Modern CEO! ✌

If you are a HIGH NET WORTH Individual and Entrepreneur like Dato’ Michael Tio, you need specialized Estate Planning services for the High Net Worth with a comprehensive range of products including offshore services, tax consideration eg overseas properties, inheritance tax, estate tax etc, different types of Trusts and vehicles to make a complete and perfect Estate Planning for you! Celebrity’s Will specializes in just that:-)

http://www.facebook.com/CelebWill

Note: This story is exclusive for Celebrity’s Will and posted with permission from Dato’ Michael Tio.

Don't worry folks. In PKT Facebook will get you "Hired", not fired

Don’t worry folks. In PKT Facebook will get you “Hired”, not fired

All SUCCESS STORIES are written by Stephanne Foong, 0122189316

An Encounter with ex-Triad Leader

Article and informaton below reproduced with permission from Stephanne Foong, Founder of Celebrity’s Will, Your Will Be Done and co-Founder of Business Succession Planning

I always draw inspiration from interviewing people and having better understanding of their lives. Although we did not live to photograph with the legend Bruce Lee, but thanks to CHCKL we have one with Teddy Hung.

Our 1st Encounter with a Genuine ex-Triad Leader

Our 1st Encounter with a Genuine ex-Triad Leader

Teddy Hung, an ex Triad leader (黑社会, 洪 兴 大 哥) from Hong Kong. The Hung Heng Tai Kor ( 洪 兴 大 哥) we often see in movie are not real, this one is real Hung Heng Tai Kor! 🙂 Here, we watched him live for an interview at CHCKL. How should we at Celebrity’s Will address him, Celebrity (ex) Triad Leader?!! Hah, as a Triad Leader (tai kor tai) he certainly had it all; fame and glory, power, money. And in that perspective it not wrong per say that he is a Celebrity!

However, this Celebrity gave up all his triad activities few years ago. One of the key question that led to his personal repentance was “Teddy, what would you want others to remember of you after you died?”.

Folks, for most of us, we may not look to how the rest of the world to remember us after our death, but rather “WHAT DO YOU WANT YOUR LOVED ONES TO REMEMBER YOU AFTER YOU DIED”. And it is so imperative that you do your Estate Planning not just wisely but appropriately and heartily, so that what is left speaks your intention and represents you well ♥

And I say it again, having an experienced and knowledgeable Professional Estate Planner will make a world of difference! Try us!

Stephanne Foong, Lifestyle Estate Planner, 012 2189316
Stephanne_foong@yahoo.com
Nickg.financialdesigner@gmail.com

http://www.facebook.com/CelebWill
http://www.facebook.com/Your.Will.Be.Done

Success Story….Eric Choong, Celebrity Fashion Designer

Article and informaton below reproduced with permission from Stephanne Foong, Founder of Celebrity’s Will, Your Will Be Done and co-Founder of Business Succession Planning

His Success Story as Malaysian Celebrity Fashion Designer.
Eric Choong, Celebrity Fashion Designer

Eric Choong, Celebrity Fashion Designer

For Eric Choong, Fashion is a Calling!His interest began at a young age. Mummy used to have many imported fashion magazines at home, and young Eric would flip through them. Eric innocently found his passion and started his sketching at age 7. His passion grew with practice, and so enhanced that his school teachers actually requested him

to design outfits for them while he was only twelve of age!This amazing young talent developed his passion and graduated from the Hong Kong Institute of Fashion Design in 1986. He further lived in Hong Kong and Australia for 4 years to hone his skills and fashion sense. Returning home in 1990, he started his own label “Eric Choong”.Based on his philosophy that “fashion should be an expression of individual style and personality”, the label quickly gained reputation in the fashion set for his impressive creation that transcends fads with timeless beauty. Eric broke new grounds when he cleverly introduced and combined Malaysian cultural influences into his sophisticated designs.

Encouraged by the success of his eponymous label, Eric ventured into custom bridal wear. Eric Choong Bridal was a natural extension due to increasing request by existing clients and he started to design their bridal trousseau. His penchant for the extravagant and luxurious translated into breathtaking wedding gowns. His business today also comprises the Evening, Cocktail and Corporate Design labels together with the newly-minted menswear label, Freedom by Eric Choong.

Twenty two consistent years in the industry, Eric has amassed innumerable awards and accolades, amongst them notably: Malaysian Tourism Board’s Top 10 Malaysian Designers (1990-1992); designated haute couture designer by Malaysia Tatler (2001-2003); Best Costume Designer award at the 19th Malaysian Film Festival for the film 3rd Generation (2006); and Designer of the Year together with the Best Collection Showcase of the Year awards at the Malaysian International Fashion Week (2007). He deserves them all.

He also regularly represents Malaysia in various fashion showcases in ASEAN, Asia Pacific and China, the most recent of which were the Sydney Bridal Fashion Week 2009 and Pakistan Fashion Week 2010. Eric recently chalked up another achievement with the publication of his autobiography In Full Bloom.

Eric thinks that the Fashion Industry is an exciting one. People are becoming more open minded, accepting and adventurous in their fashion sense. According to Eric, in Asia, there are more and more up and coming talents who are brimming with creativity and are not afraid to push beyond boundaries. He hopes to see Asian designers and brands making a name for themselves at international level.

As with most creative people, Eric finds his inspiration everywhere and anywhere, including current world issues, pop culture, people and nature etc. Above all, Eric proclaims that seeing his clients looking beautiful and happy in HIS creations are most fulfilling! Thus, keeps him motivated and encourages him to try to top himself every day.

What an impressive designer! So impressive that our very own wedding trousseau were designed by none other than Eric Choong! Eric is well known for his good “cutting”! A good “cut” is imperative in fashion. A clever design must be matched ingeniously with a good cut. This is of utmost priority to those seeking professional and custom made bridal wears. The result was Eric gave me a good cut and design that complimented my personality and a suit for Nick that he was proud of.

We look forward to Eric’s greater height of Success and him amassing more awards and more importantly the hearts of his clients!

Celebrity’s Will wishes Eric Choong, “All The Best And May Greater Success Continues To Envelop His Future Endeavors!”

If you have a Brand or Business with intellectual properties, you may want to start thinking of relevant “Exit Strategies’ and proper Estate Planning, Celebrity’s Will is geared to help you plan:)

http://www.facebook.com/CelebWill

Note: This story is exclusive for Celebrity’s Will and posted with permission from Eric Choong.

All SUCCESS STORIES are written by Stephanne Foong, 0122189316

Success Story…..Wilson Tan, Malaysia’s 1st Male Supermodel

Article and informaton below reproduced with permission from Stephanne Foong, Founder of Celebrity’s Will, Your Will Be Done and co-Founder of Business Succession Planning

His, is a SUCCESS STORY of realizing his DREAMS!
Wilson Tan, Malaysia Male Supermodel

Wilson Tan, Malaysia Male Supermodel

Wilson Tan, took a short four years to achieve his dreams to be the first Malaysian Male Supermodel!Wilson Tan a dude from Gerik, Perak, was professionally trained to be a Chemical Engineer. Unfortunately, the job was way too mundane for his colourful personality. He woke up every day with a dreadful thought of continuing as a chemical Engineer.

He was attracted to the glitz and glamour of being a Fashion Model and thought to himself then was the amazing Amber Chia, Malaysian Female Supermodel but there were no male Supermodels. With this new found dream, he was both apprehensive and excited. Wilson geared toward his new passion with a burning desire that was to be a Model and then a Supermodel! He rocked his way up and came top within 4 years!Wilson who loves being a Fashionista and enjoying the glamour on stage, has swept International awards before recently awarded by Mercedes Stylo as the Malaysia, Best Model of the Year. The formers, are 4 medals in Hollywood, World Championship of Performing Arts, Industrials Award with an offer from New York to extend his modelling career and Asia Best Model at the 6th Asia Model Festival Awards.The naysayers to his career was no other than his very own parents. Dear to heart, but not having the support of his parents for his new career, was his greatest challenge and heartache, amidst the real challenge of the job. However Wilson persisted in what he called in his own words, “stubbornly” both to prove his naysayers wrong and also to gear towards his goal. His hard work and heartaches paid off, crowning him as Malaysia Male Supermodel.

Not having a prior exposure or experience in modelling, but rooted with a DREAM that is to be Malaysia first Male Supermodel, he humbled his way through.
He said that he has finally made his parents proud and that they will be present to witness him receiving the coming Award in September, as one of the Top Ten Outstanding Young Malaysian Awards 2012. This is a much coveted award and according to Wilson, the first ever for a model. His parents’ approval meant so much and to Wilson, that is SUCCESS in itself.

His advice to those who are starting out or looking at a career in modelling, that the most important criteria is to have a good and humble attitude. Passion when paired with good attitude will open the rock way to Success. So ‘Dream Big’ but be humble. His personal inspiration towards life and career is to APPRECIATE life and know how to be grateful!

Wilson amidst many Celebrities, believes in giving back to the society. He does not believe in keeping riches but to bless the underprivileged. He has a heart of Gold indeed.

If you desire to “give back to the society” like Wilson and other Celebrities, or to do a “Fashionable Will”, Celebrity Will is all geared in advising you.
http://www.facebook.com/CelebWill

Note: This story is exclusive for Celebrity’s Will and posted with permission from Wilson Tan.

LAST WORDS

Although last words or final words are a person’s final articulated words said prior to death or as death approaches, LAST WORDS in a Will basically means endearment terms to those we loved.

Words of Endearment

Words of Endearment

Last Words are those words you wish to say to your loved ones, in their fond remembrance of you. And they are usually planned and penned with much thoughts and truth.

It is estimated that around

17% of people have given thought to what their last words would be if they knew they were dying.

I always advise my clients to have their LAST WORDS or endearment terms in their Wills , simply because these are the words that will leave an impression upon their loved ones, the rest of their lives in remembrance of the deceased! So, it is wise to make those words truthful and fond.

Parents may want to tell their children how much they love them, at the same time expresses their hope in them growing well and taking care of one another, and often ends with a reminder that their children do not squander off their wealth or hard earned savings.

Last Words to the appointed Guardian is of utmost important. Last words to a spouse or to an EX spouse may differ both in content and intentions. Last words can be for a good friend.

Last words can be very emotional. While some are very thoughtful in their last words, others find it difficult to plan and pen their last words.

However, it is undeniable that LAST WORDS are precious and add sentiments to a well planned Will!

If you do not have your Last Words in your Will, consider adding them now. talk to us for more suggestions:)

  • Stephanne Foong, Lifestyle Estate Planner, 012 2189316 / Stephanne_foong@yahoo.com
  • Nicholas G, nickg.financialdesigner@gmail.com

Face-to-Face with NICKG

Article and informaton below reproduced with permission from Stephanne Foong, Founder of Celebrity’s Will, Your Will Be Done and co-Founder of Business Succession Planning

NickG was interviewed yesterday. NickG is the Founder of NickG Advisory Services and Co-Founder of Business Succession Planning, Celebrity’s Will, Your Will Be Done, EGAN EQuipment & Parts S/B

NICKG sharing experience and knowledge with a think-tank group

NICKG sharing experience and knowledge with a think-tank group

The interview was conducted by a Business Incubation & Educational Group for existing & budding entrepreneurs. The goal was to seek and interview successful entrepreneurs after which the lessons learnt will be shared with others attending the classes.

NickG is pleased and honored to be able to share our experience and knowledge.

NICKG can be contacted at nickg.financialdesigner@gmail.com

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