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Financial Health Check REPORT
by a Licensed Financial Planner, CFP CERT TM
This financial planning service is complimentary for readers of SimplyBetterFinances.com. Normal price is RM500.
financial health check
What three things in life are most important to you?
We'll help you identify your top three goals and discover how to work towards achieving them!
Let's get intentional with our goals starting this month.
You can't manage what you don't know, can you?
We'll help you gain clarity in your income and expenses, and analyse for you the red flags in your spending, and give you our professional two cents on how to still "live it up" spending less ;)
Don't worry, we will never ask you to cut out on your daily coffee! Promise.
Your current net worth is THE indication of your personal wealth!
If in 6 months or a few years' time you want to see how much you've grown financially, your net worth is the number to look at.
We'll chart out your net worth and its components, help you recognise where you stand now, financially.
With these ratios, we will find out the core problems in your finances. If there are any warning signals, we will show you how to fix them.
Also known as an "Investor Profile".
This is similar to a horoscope reading to help you learn about yourself, except a risk profile helps you understand how you deal with money and investments!
Your risk profile report will tell you what type of investor you are. The best part: we'll also cover a few sound recommendations that suit your investment style.
Alas! All the planning and analysing in the world will not magically make you a wealthier person...
The power lies in execution.
You will also receive a list of recommended action steps, prepared by our financial planner. Designed and concluded to help you reach your goals, these action steps will take your personal finances to the next level in as soon as one month.
Frequently Asked Questions
1. What is a Financial Health Check?
A one-to-one meeting, with SimplyBetterFinance's CERTIFIED FINANCIAL PLANNER®, to conduct a review on your current finances and financial goals.
The results will be documented in a custom report for you after the first meeting.
They will include a summary of your cash flow, net worth and evaluation results of your several important financial ratios.
The most valuable part of the report, is an independent financial adviser's actionable advice that you can implement immediately to improve your personal finances.
2. WHO IS suitable TO SIGN UP for a financial health check?
A Financial Health Check report will be most beneficial to working professionals and business owners in their 20's, 30's or 40's.
3. How is a financial Health Check Conducted?
There will be two face-to-face meetings in total.
First meeting, 1 hour
We will gather your information to make a quick assessment on the spot. The financial information to be disclosed will include:
If you haven't been tracking your monthly expenses, an estimate would do. However, the more accurate the numbers you provide at the meeting, the more practical and useful your report would be. You will be sent an email with details.
You should expect to walk away from our first meeting with a much clearer picture of your current financial standing.
Second meeting, 1 hour
Approx. two weeks after first meeting
Have your custom report delivered and explained in detail!
Get ready to hear a list of suggestions made by an independent financial adviser. If there is any red flag, it will be raised to you at this meeting so that you can take action to rectify the issue.
At this point, ask as many questions as you'd like. We want to make sure you get the full benefit out of this exercise.
Walk away with new knowledge and understanding exactly where you stand with the way you have been managing your money. You will also get:
4. What should I expect to happen during the meeting?
You should expect both casual and serious conversations,
- Casual: The get-to-know-you part to discover what your unique financial and life goals are
- Serious: Taking a close-up look together at your financial statements (cash flow & net worth)
5. Why is A FINANCIAL HEALTH CHECK IMPORTANT? HOW IS IT BENEFICIAL? Tell me!
Learning to manage money successfully is crucial to anybody. We know you'd agree.
Still, report after report done by relevant authorities are proving low financial literacy among Malaysians. And don't get us started with the news reporting only a worryingly small population has enough money to retire.
Independent financial advisers (IFA), aka the real financial planners, are available to help you improve how you manage your money.
We want YOU to become aware of the legit financial planning professionals.
The reason you haven't heard of us before today has something to do with the tiny number of certified and licensed financial advisers around you.
There are only 600+ of us in Malaysia. Now compare the number of, say, insurance agents, 120,000!
The licensed financial planner to population ratio is 1 to 50,500. Even lesser are practising as IFAs.
Compare that with below:
- accountants, 1 to 975
- doctors, 1 to 671
- insurance agents, 1 to 260
No wonder you haven't met one by now! We are practically a rare species still.
Perhaps most importantly
We want to help real people like you live a fruitful life worrying less about money!
Taking your finances seriously has a lifelong effect on your happiness, family and career.
Experience getting help of an IFA -- an unbiased, need-based resources for financial advice.
Taking up a Financial Health Check is the perfect start to fixing and ensuring your financial health. It's the first step of any and every financial improvement journey - it's that essential.
Last but not least, in case you were concerned, there will be absolutely no product selling involved. See for yourself how financial planning - the way we do it - is never about what to buy in order to gain value.
6. IS THIS REALLY FREE?
Yes, it is truly, completely free! During the stated promotion period, we will not be charging any fee for this service.
The normal fee is RM500 per person.
This is a limited-time promotion, made in conjunction with the launch of SimplyBetterFinances.com, for eligible individuals to get a complimentary financial planning service.
Get all your finances in order with the assistance of a professional personal finance expert!
what people are saying about theSE financial health checks
when Wei Chong, CFP CERT TM conducted them at
Invest Smart 2017
I wanted to know whether I was heading in the right direction with my savings. Wei Chong's report showed I was saving almost but not enough for my retirement, and informed me exactly how much more to save per month. Also, his notes in the report gave me clear directions on how to reach each of my financial goals.
I wanted to get a better understanding of my current financial position and ways to increase my net worth. Pleased to see I can actually improve things with several recommended actions. My expectation for the Financial Health Check was met.
I was surprised when Wei Chong said I kept too much savings for emergency. I usually go with a higher amount to be safe. I learned about my risk appetite, what investment I should go for and how much I should actually keep as emergency fund. One of the financial ratios provided, especially, will serve as my guide before I make a significant financial decision next.
Licensed financial planner
Wei Chong, CFPCERT TM
A CERTIFIED FINANCIAL PLANNER® and a Licensed Financial Planner (LFP), licensed and regulated by Bank Negara and Securities Commission.
Wei Chong has over 6 years of experience in the financial services industry, and is passionate about helping Malaysians of his generation (in their 20's, 30's and 40's) improve their financial literacy and life.
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