Rethinking the why and how of investing

INVESTING is more than just about making money. I am a firm believer in investing for a purpose. Many clients of mine often ask me: "When is the best time to invest?" To me, there are a lot more important questions to ask than that. Here are seven questions that should be considered when doing your investment planning:

Am I ready to invest? Everyone can invest, but to have a worry-free investing journey, one must ensure the financial foundation is strong enough for regular investing to be sustainable. For example, investing would not be recommended to someone who cannot fully pay credit card debt on its due date, nor would it be recommended to someone without a healthy cash flow. It is also recommended that breadwinners get insurance first before they think about investing. This way, in case breadwinners, die too soon; beneficiaries can still continue the breadwinners' investment goal.