[caption id="attachment_2674" align="alignright" width="150" caption="Photo from Health and Wealth"][/caption] Over my 6 years as a financial adviser, my current clientele base is around 20% young singles, 20% matured singles, 50% young families and 10% matured families. Most of them are in the region of mid 20s to early 40s. My age is between them and hence I can understand their concerns quite well when I met up with them. I can perhaps share a bit of my observation about these 4 groups of my clients with you. Young Singles The Young Singles I described here are between early 20s to mid 30s. a) Singles theoretically have lower needs against death. Their parents are probably between late 40s t0 early 50s and are not depending on their children earnings. When I asked them how much they will like to provide their parents on a monthly basis, they will give me a very low figure or even providing nothing at all. I have to encourage them to give to set a higher amount by telling them how much their parents had spent for them over the past 20+ years. b) Those who are getting married are confused on how much they need to spend for the big day and for their 1st property. They need our help in analysing their situation. c) Many aspires to buy a car because they have low commitment and able to see good surplus every month. Read more...