I think I sound old talking about financial planning now. But I guess many people are not saving enough for their retirement. All of us should start planning for our future when we are young especially those who just started working. Even though you might not be able to save up a lot in the beginning, it is better than none.
Today, I like to share some ideas of financial planning with you. 
Here is a simple wealth pyramid I created. If you have done any financial planning recently, you would have seen something like this before.
The fundamental equation for wealth is earnings - expenses. The less you spend, the more wealth you can accumulate over a period of time. Most people’s earnings does not fluctuate much especially if they are working as an employee. And so the saving part becomes very important.
It is important to build a strong base when you have just started working recently. DO not always think that it doesn’t make any differences as there is little you can save. The base is the first step to financial freedom. If you spend more what you earn, you will never become wealthy since you do not even have a base. You can do it if you want to as procrastination doesn’t help much.
1) Base of pyramid - Reduce your spending. Save up at least 30% of what you earn. Build a 6 month cash reserve. Pay off all your debts fast especially credit cards debt. The best is to cut all your credit cards except one into half to curb your spending urge.
2) Advance to level 2 when you have enough liquidity to survive. Now you have to get some protection and plan for the worst. (Touch wood) Make sure you have some insurance coverage to cover you when you are unable to work … or else… Shall not elaborate more on this.
3) When you are well protected, it is time to make money work for you. Grab some low risk unit trusts. You will not want to leave your money with the banks if you know how much interest you earn.
4) Invest in high returns stock or equities, commodities to fully maximise your returns.
Step 3 and 4 are essential if you want to achieve financial freedom. make money work for you. Depending on your risk appetite, you can adjust your investments in 2 proportions. eg. 70% in low risk equities and 30% in high risk stocks.
5) This is a place where you achieve financial freedom and you do not have to worry much about your finance. You should have enough money to go for a holiday whenever you want to. Or some extra cash to indulge yourself. Remember to start planning now. It is never too late.
I know that all noise around this artificially made events won’t help. Come on guys wake up! It’s a lie! But you keep posting! Nobody will hear!