The importance of financial planning in our lives is more evident nowadays and that is one of the reasons why Bank Islam Brunei Darussalam (BIBD) is committed in providing such talks to various audiences. BIBD aims to promote a positive view of financial planning through simple explanations conveyed during their talks.
Yesterday, officers and staff at the Ministry of Industry and Primary Resources (MIPR) attended a financial planning talk by BIBD's Charted Financial Consultant Nurul Jafriah Abdullah. The programme was held at the ministry.
In general, financial planning means preparing for our future by making informed money management decisions in the present. According to Nurul Jafriah in a press statement: "There are many tools available that can help us achieve the financial security that we desire, but none are as important as simply taking a steady and committed approach to funding our long-term goals."
The press statement also said that the financial planning talk was a fundamental aide for the officers and staff at MIPR in providing guidance to develop their financial goals as well as in managing their incomes more efficiently through strategic budgeting.
It also aimed to help them plan for their retirement as well as their other life's milestones, such as raising a family, getting their dream home and planning for their children's education, on top of helping to build their wealth over time.
"Financial success is not determined by how wealthy we are today but can also be achieved by how well we grow and manage our wealth for tomorrow,'' added Nurul Jafriah. She also said there must be a monumental paradigm shift in the way we view the importance of planning.
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