The Official Helmi Hakim Website » Motivation

The Avengers and Our Duty As Financial Planners In Singapore…

Helmi Hakim — Fri, 11 May 2012 00:26:27 +0000

How many of you have watched this latest movie, “The Avengers”?

For every 10 of you reading this blog post, I can guarantee at least 5-6 of you have watched this movie, because it is soooo popular…

My facebook feeds are flooded with people “checking in” the cinema to watch the movie or filled with snippets of reviews, line of thoughts about the movie. Overall, the movie was awesome, though I feel, some part of it should be trimmed away. ~~i love fast action movie~~

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So, what does Avengers got to do with financial planners in Singapore?

When I first watched the movie with my girlfriend, the first thing that struck me about the movie ~~other than the explosive stuffs~~, was the importance of taking responsibility and teamwork.

As a financial planner, clients entrust us with their money. We need to take responsibility to manage their money well, recommending them plans, consistent with their risk profile.

We need to take responsibility to provide them with a trusted counsel, by placing their interest at heart. ~~instead of our company~~

We need to take responsibility to be open, honest and transparent with all our clients, at all times in our professional dealings. Do not suppress information, omit, delete or adjust, just to induce a sale..

If we can take responsibility, take ownership to help our client meet their financial goals while advocating such principles…….. This is what I call, the champion mindset with a loving heart!

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Second lesson that I get from the movie is the power of teamwork.

Recently, NTUC Income Muslim financial consultants did a roadshow at the Halal Food Expo 2012. To get our company to subside the rental fee + set up cost, we need to hit a certain target, a multiplier of the total roadshow costs.

As this is one of the roadshows that involved high costs, naturally the target is high. A few of our top producers contributed, but we still plagued with an irritating shortfall. Alhamdulillah, when all gives their share, we hit the target set, and get our roadshow subsidised.

This can only happen with the power of teamwork. Instead of relying on the producing consultants in the team, all put in effort and give their bit. That is where, goals are achieved and barriers are lifted. Hope you learn something from this post. Insya’Allah.

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How To Curb Yourselves From Spending Over Your Limits…

Helmi Hakim — Thu, 08 Dec 2011 16:34:12 +0000

Few days back, I received a whatsapp message from my girlfriend.

She was talking about buying a beautiful eyeshadow, which was on sale at Tampines Point.

As she knew that I am a prudent and careful buyer, also a voracious saver, she asked me for help……. She asked me to motivate her, not to succumb to the temptation of forking out HUGE dollars from her wallet, to buy the beautiful eyeshadow……..~~shehasmanyofit~~

Did I succeed to convince her? The answer is a miserable, NO!

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Today, I am going to share with you, simple yet pragmatic strategies on how, I curb myself from squandering and spending all my money on things that, I may not need.

Strategy No 1: Stop before you buy

The first strategy to curb yourself from spending is to procrastinate in buying…

Keep telling yourself, that you are going to buy the stuffs that you are looking at, the next following day.
I assure you that you will soon forget about it.

Tell yourself, “Do I really need this?”

How many hours, must I work to get back this money? How much is it worth, if i invest it @10%/annum in 10 years, 20 years, 30 years?

Strategy No 2: Pay yourself first

When you get your income, pay your personal savings plan first. You can instruct bank to do an automatic deduction to your personal savings plan. You can get endowment plans, or invest in funds, stocks or commodities like gold…

By setting aside that money for savings seperately, you will reduce the tendency to spend all that you have at once…

Strategy No 3: Destroy all credit cards except one. and pay full balance on time

Have you ever wonder, why the banks keep offering you attractive freebies, reward points and rebates if you sign up for their credit cards?

It is because, they know, when you have a credit card, you will tend to spend MORE when you have access to this easy credit…. They want you, to owe them money and pay interest…

My recommendation for you, is that, only keep one credit card for use, and pay the full balance on time….

That’s it!!! I hope, the 3 strategies, that I share with you, will be of much help for you to curb yourselves from spending over your limits….

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Proven Methods I Learn In School To Help You Make Decisions…..

Helmi Hakim — Tue, 17 May 2011 17:35:38 +0000

Alhamdulillah….I completed my 2 exams, Advanced Quantitative Analysis and Corporate Finance, last week…

It is definitely challenging for me, to juggle both work and study at the same time, but I guess, I will soon, get used to it. I am thankful, that my job, as a financial consultant, is pretty FLEXIBLE.

We can make appointments as and when we want. We can postpone appointments, when the exams are drawing near….all in all, while still maintaining our steady paycheck. ~~Isnt that cool?~~

All right…. As I undertake my studies, I will share with you, stuffs, that I learn in school, which I believe, can be applied in the business world. Let us start, with MAKING DECISIONS…

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In life, we are bound to make DECISIONS.

It may be a big decision or a small one to make.

It may be a simple one, or a life threatening one.

It may be a routine one, or a ONE TIME decision.

Today, I am going to share with a you, a very good decision making model, that I have personally learnt in class and then apply, in the real business world. Just browse through the slides below to get an idea…

(Note: Some details were omitted due to confidentiality)

Lastly, after computing and tabulating the scores, a final decision is made!!!

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Writing a blog post from my iPhone

Helmi Hakim — Tue, 26 Apr 2011 02:15:23 +0000

You see….Sometimes, I do procrastinate to update my blog, and my friends told me that it is unhealthy…

I have just discovered that I can blog pretty easily from my iPhone, while I am in the MRT, in the bus or waiting for my clients etc2….I AM DOING SO NOW!!!

Today, I just want to share with you a quote that I feel, is powerful….

“You can go far, if you are alone….but you can go further, if you are in a team….”

Think about it and reflect…See ya

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Election Is Coming……What is on your wishlist???

Helmi Hakim — Mon, 25 Apr 2011 16:54:28 +0000

Election Is Coming……What is on your wishlist??? Do share with us here……