Today, we are honored and excited to bring you up close and personal with our client of 15-years, Yew Meng, who has journeyed with us since his graduation year.
There’s an adventure to every journey, and here’s a glimpse of his story and secrets to his success!
It was back in 2007 when Garry approached me for financial analysis and I was not as financially educated then versus now. My initial thoughts back then was to lend him my support since he was the first in the family to embark in the financial services sector. I started investing using his recommendations and that was the start of my financial journey.
I viewed most insurance and savings plans as similar and did not have an end goal or outcome which I envisioned. However as I progressed in life, I realised that my goals and priorities have changed, and being financially literate is essential to achieving those goals.
Navigating the Challenges: Overcoming the 2008 Financial Crisis and Understanding Financial Concepts
The big break for me was after the Lehman Brothers incident in 2008 which brought down many financial institutions and triggered a recession which had far reaching global effects.
Garry checked in with me frequently which helped me to grasp more financial concepts. The policy summaries helped me to realise I had invested in too many low yield products, and was not making my money work hard enough. Thanks to him that I started this journey, I am now more disciplined in financial planning, enabling me to seek an earlier retirement.
Empowering Oneself with Financial Knowledge
Along the way during my journey, I had attended introductory courses on finance and investments concepts. Not to mention, Garry was and still is a big part of my journey, offering me interesting investment concepts and strategies.
One of the books which I read and recommend for all to read is “Rich Dad Poor Dad” by Robert Kiyosaki. The main concept of that book is not to leave your money in the bank, but rather make it work hard, and combat inflation.
Milestones Achieved: Reaching Millionaire Status and the Importance of Early Investing
Ten years since then, my greatest achievement so far is being able to hit the millionaire status which was not an outcome I expected, and is a pleasant surprise. With the strong fundamentals that I have with financial literacy and having seen results, I am confident of reaching the targets that I set out to achieve with Garry. If there was one thing I would change if I were to re-do this journey, I would start investing earlier.
A Delightful Financial Journey
Working with Team GGO has been delightful as the relationship is not how you would normally experience out there. It is not very transactional, the team has so far shown care and concern for my well-being, my financial well-being, and it makes me feel less like a customer, instead more like a friend. Garry and the team have done a good job so far. I would like to encourage the team to continue educating others on financial literacy.
Words of Wisdom
For those who are reading this, here are my words of wisdom that I would like to share:
Don’t leave your money in the bank, make your money work hard for you.
Disclaimer: This content is for informational purposes only and does not constitute legal and financial advice on any subject matter. It should not be relied upon as financial advice.
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