Powered by Blogger.

Tuesday, December 14, 2010

Why Should You Save With Prudential Instead Of Using Own Savings?

Assuming every month you save RM200.
At the end of the year , the total accumulated would be RM2400 + + (Including interest) (0.3% if in saving account  3% if in Fix Deposit, 7% if in ASB)
Assume that you save constantly up to 5 years which would then amout up to RM12,000 ++
Unfortunately, you are suddenly diagnosed with cancer preliminary level which requires RM50,000 for treatment.
Thanks to your savings, you have RM12,000 but you still need RM38,000.
You have 3 options to fund the balance

    * Borrow

Family and friends will try their best to help you. But to borrow RM38,000 is near impossible unless your have a very rich relative.

    * Sell your assets

Your maybe have one or two assets which can be sold. But it takes at least 6 months to sell a house for example. If your assets still under bank’s loan,  you cant sell it off.

    * Seek for Donation

As you have seen on television, people seek  donation for themselves or their kids who require money for surgery or treatment. If you a

0 comments:

  © 2010 amit sharma