Asked by Anonymous

Which career path would you choose - Stable career or Financial Consultant? (Assuming if you are in my current position) ?

Current situation: - Monthly expenses of around 600-700 (Only includes Insurance and student loan). However, my student loan will be paid off in 3 years' time. - Applied for BTO and flat should be ready by 2022. Have to plan for wedding etc. - Fresh grad with savings of less than 1000 (Majority of my savings have gone to investment and insurance - Adding up to around 10k I have previously worked as a Financial Consultant during my university days but sales wasn't good due to lack of effort.

0
0
Share this
Answer this question
Add
Add
Select
Clear
Add
Write your answer

Answers (1)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
    • Nicholes Wong
      Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic

      Top Contributor (Jan)

      278 Answers, 395 Upvotes
      Answered on 18 Nov 2018

      Honestly its based on which you prefer. Stable career for me because i think financial consultant is not an easy job, you have to put in a lot effort to do well. You have an ongoing student loan and you already threw yourself into upcoming housing loan and planning for wedding but you have less than 1k of savings. You need a bigger emergency fund of around 6 months expenses. You put 10k in investment and insurance with ongoing student debt, upcoming house loan and wedding cost. Less than 1k is not enough when emergency actually happen. If you are not careful and emergency happens or you cant sell as a financial consultant, you will be in a very sticky situation.

      Comments (0)
      2
      0
      Share this

Download Seedly’s free

Expense Tracking App
Download on the App StoreGet it on Google Play
  • Sync all your banks in one place
    Sync all your banks in one place
  • Quickly add transactions and view reports
    Quickly add transactions and view reports
  • Community Q&A and blog integration
    Community Q&A and blog integration