The focus is on making good financial decisions

1Think carefully when making financial decisions. When making financial decisions, you may wish to use the SAVED method (stop, ask, check, estimate, and judge) as a guide:

  • Before making any financial decisions, stop and give yourself time to think. Don’t be influenced by the lobbying of sales staff, brokers, and other practitioners. Tell them (and yourself) that you need time to think about it.
  • Ask about the costs (taxes, expenses, maintenance expenses, etc.) and risks involved in this decision. It is important to understand what kind of worst-case scenario might occur after making this decision.
  • Verify all information to ensure that the information is accurate and credible.
  • Estimate how much this decision will cost and see how you can incorporate it into your total budget.
  • Judge whether this financial decision is reasonable for you.

2Be careful when using credit loans. Sometimes, a loan may be a reasonable option, for example, to buy a house, pay for school fees, or purchase necessary items. However, debts (especially high-interest debts like credit card arrears) will reduce your net wealth and may cause you to make slow progress and difficult to achieve certain financial goals.

  • Don’t abuse credit cards. Try to live within your means.
  • Pay off high-interest debt as soon as possible. In the long run, this may be the best strategy to achieve financial growth, because even if your investment is good, the return it generates is often not enough to repay high-interest debt.
  • If you have multiple credit accounts, try to pay off the debt on the account with the highest interest rate first.

3If necessary, seek reliable advice. Financial planning can usually be done independently. However, if you feel that you have no time to do research, no time to manage your personal finances, do not know where to start planning, or encounter some accidents (such as inheritance or illness), then you should consider consulting a registered financial planner.

  • Beware of financial advice, investment products, etc. from unreliable sources. If someone offers you a choice that sounds ridiculously good, then there may really be a problem


In different regions, the laws, regulations, and best practices related to financial planning may vary greatly. It should be based on your place of residence or work. Before making financial decisions, please be sure to thoroughly understand the relevant laws, regulations, and best practices. If you have any questions, please seek advice from experts.

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