| In a fast moving and growing world where by an | | | | future? an engineer, a doctor, a pilot, an |
| eye blink now we are at year 2010. We need to | | | | academician and entrepreneur |
| prepare for our child education where in 10 years | | | | 2. You may want have a plan A and plan B, which |
| time the education scheme will definitely going | | | | worst case scenario, if plan A does work then |
| through changes and increase in requirements. | | | | you could easily switch to plan B almost |
| One thing for sure, the education fee will definitely | | | | immediately. |
| will increase. So, what are our plans to better | | | | 3. Once you chose the education plan then you |
| prepare to overcome these changes and | | | | have to commit on financial commitment which |
| challenges? | | | | my recommendation, put aside minimum of 10% |
| I will cover our future education scheme in a | | | | to 20% of your gross salary for this plan. |
| another topic in a near future. Now, I would like to | | | | 4. Diversify your financial commitments into 3 |
| discuss and share my thought on financial for | | | | main categories; protection (insurance), |
| education. In general, most parents already | | | | investment and saving. |
| invested in insurance for their child education. | | | | 5. Monitor your child education and ability which |
| Before we could commit of these insurance, | | | | you may see his/her potential and adjust your |
| investment and saving, we have to have a plan | | | | financial commitment accordingly. |
| for our child education. I've list down the checklist | | | | Lastly, every single cent you spent on our child |
| below: | | | | education will give you a peace at heart and you |
| 1. What is your education plan for your child | | | | will never regret. |