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Pang Zhe Liang

I love Consumer Finance because I am part of it! Like my FB Page for more content on estate planning & financial planning in SG!

Pang Zhe Liang

Senior Financial Services Consultant at AIA Singapore Private Limited

About

I love Consumer Finance because I am part of it! Like my FB Page for more content on estate planning & financial planning in SG!

Credentials

Senior Financial Services Consultant at AIA Singapore Private Limited

Pang Zhe Liang

Senior Financial Services Consultant at AIA Singapore Private Limited

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Insurance

Private integrated shield plan shall pay up to the limits of compensation for medical charge that is reasonable and customary. Life insurance shall pay up to the insured amount should death occurs. Here is everything about me and what I do best.

Insurance

Since the Wuhan virus is not clearly defined at the moment, there is no matching definition under any of the listed critical illness by Life Insurance Association Singapore. Here is everything about me and what I do best.

Insurance

It depends on individual travel insurance policy. This is because different insurance policies have different scope for claim. In general, you should be able to submit a claim for medical reimbursement, so long as it does not fall under the list of exclusions. Here is everything about me and what I do best.

Insurance

It depends on the terms and conditions of the travel insurance policy. Different insurance policy may have different definition for claim. Here is everything about me and what I do best.

Lifestyle

It is your choice depending on the risk that you are willing and able to undertake based on the current situation. Here is everything about me and what I do best.

Investments

Robo-Advisors

Retirement

If you don't have a specific goal, then it will be difficult to do regular reviews to ensure that your investments are on track. Instead of viewing the goals as stress, treat it as a checkpoint to ensure that your hard-earned money is working on the right channels for you. For example, there are two assets that we can choose to invest into: 1. Portfolio A: $100k at 10% per annum, higher risk. 2. Portfolio B: $100k at 6% per annum, medium risk. If you only have 3 years to achieve what you want, then you may wish to choose portfolio A. However, if you have 10 years to achieve what you want, portfolio B may also be a viable option. This is because of the risk involved and both portfolios may reach the same results after 10 years. With this in mind, this is one reason why having a specific goal is very important. Furthermore, it helps you to evaluate your investments and whether they are still assets that are worth the capital. Otherwise, your money could be better off in other assets that can help you grow your money. In fact, wanting to be rich is also a goal. But the follow-up question will be, how rich do you want to be? Are you happy to be rich to afford a $500k property? Or will you be happier to bee rich to afford a $2mil property? Either. way, this is also a goal. Here is everything about me and what I do best.

ePROTECT travel / Tiq Travel

Travel Insurance

You may refer to Clause b Section 12 under Trip Cancellation for the definition for payout: https://www.tiq.com.sg/wp-content/uploads/2019/06/TIQTRAVELPOLICY_WORDING.pdf There is a chance for claim if the epidemic or pandemic is declared by the World Health Organisation. In any case, all claims are subject to underwriting. Here is everything about me and what I do best.

Family

Savings

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/ After understanding your finances, we will do a family planning. Part of this process will include calculations for expected cost in the future after having the first child. Once this is completed, we will plan our cashflow accordingly such that these expenses will be taken care of when the time comes. The best way to create a budget is via automation and this is how I do mine: https://www.blog.pzl.sg/how-to-create-a-monthly-budget/ With the above two steps, we have a complete understanding on our cashflow which in turn has a direct impact on our lifestyle. Moreover, we have created a budget that is capable of helping us cope with our expenses after having a child. Now, work out your income to ensure that your goals can be achieved and that will be the comfortable income. Here is everything about me and what I do best.

Expenses Tracking

Investments

When you take money to invest, your money flows from income to expense. Therefore, it is accounted under your cashflow statement at this stage. Once you purchase your investment, the money from your expense is used to purchase an asset. As a result, it will be accounted under your balance sheet. In summary, there are two things to account for depending on which stage you are at. All in all, your money will flow from income to become an asset eventually. Hence, you will need a balance sheet to account for your net worth. In case you need a way to account for cashflow, here is a template that you may use: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/ I will be updating it with a balance sheet in the near future. Here is everything about me and what I do best.

Investments

Stocks Discussion

Property

Savings

Before I start investing, I will always write down my investment objectives. When I ponder upon what to do next, I will always refer back to my notes to do what is right based on my initial analysis. Additionally, regular reviews help to keep my investment in check and to stay on track to fulfil my investment objectives. Here is everything about me and what I do best.
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