I have just completed of MMI in Singapore.

You have The Millionaire Mind!!

Though am a financial consultant by profession,I will still stick to that basic premise that your FFA funds be utilised in a way that satisfies your intentions.

What I’m saying is basically this.A financial consultant by profession,will highlight to you that such funds is best put into an investment linked plan,which will in the long term,generate potentially higher returns.As such,any investment linked plans from any financial institutions is great.

If you are talking about a savings/current account to save stash the FFA funds,then I’ll gladly say that all banks offer quite low returns.(especially these days)The best of the worst,will probably be Standard Chartered.(which still depends on the amount you intend to save).So,it’ll still leave you with any financial institutions with investment linked plans.

So,here’s my two cents worth on how you can best maximize that 10%..

-Sagregate 5% of that 10% and have it put into an investment linked plan,(eg regular linked plans,unit trusts,etc)
-Out of the remaining 5%,invest 2% of it into a good website that will generate passive income for you,as what you highlighted.Get Fadz to help you with this.It’s a good investment to generate the passive income.
-Leave the remaining 3% as your emergency back ups,within your FFA.Cause,sometimes,even investments may fail you,so it’s wise to always have reserves,wherever possible.This 3%,is the one where you can safely lock down in any banks.

Am sure some other consultants will advise you accordingly and advise you on possible alternatives.But,as this is THE MOST IMPORTANT JAR,take your time,to prioritize and formulate a workable strategy for you.

Warmest regards.

I’m not an expert in Investments and I’m not the best person to ask where to park the money so that it can grow consistently. What’s more important is infact that you keep saving that FFA and not use it for any non emergency reasons.

Perhaps you can refer to those Financial Consultants for a start.

It’s the FFA that I have most trouble understanding. This is because I don’t know how to invest in shares/bonds and I currently don’t have any passive income. Can anyone recommend where do I deposit my FFA money into to make it grow consistently?

Do I also assume that I will open up a savings account for each jar ‘cos I don’t feel safe about leaving them at home?

Which online savings account in Singapore has the best interest rate do you know?

Thanks and have a nice day.

You are brilliant thanks for sharing the jar spreadsheets. I took MMI in Toronto. Nov. 27-29/08 It is really a life changing event.

I really would like to have a website for my own business so I know exactly how many people visited my online store right now our CTO is working on doing that so we will know the traffic of business & be able to follow up with them.

You look very young and you are a computer genius. My computer knowledge is very limited. I sign up for an internet Marketing but all they did is send me more books and more Literature., I thought they would set it up because I don’t know how.

Oh well. Anyway God bless you and see you at the RLC Forum. I posted about MMI to be held in Niagara Falls, I have a poll see how many people would vote for it. It would be good to see you guys here in Canada.

God Bless,

Norah