In this post, I will be sharing how the financial calculator can make our financial planning easier.
A useful financial calculator
Recently, I found a
For example, currently, you have RM100,000 in your EPF savings. And you curious to know the amount during your retirement in 20 years.
Or, you want to compare the return of investment from fixed deposit placement versus unit trust investment.
Of course, it will be hard to know the exact figure but the calculator will roughly provide a figure for our reference. One of the reasons is that the return of investment in unit trust does not guarantee a fixed percentage.
Factors affecting the return on investment
One thing which I realized is that the time frame really plays a very important role in our investment planning. The longer the time frame, the better the performance of our savings.
This is because compounded interest brings charm to the investment plan. There is a huge difference between the same initial amount invested over 10 years and 20 years.
If the time frame is a limitation, then we have to play around with the interest rate on the return of investment.
Instead of putting our money into a slow-growth investment, why not learn to take some risk and place our money in an investment with a better return?
Final thoughts
With
Let’s try it out and learn something from this smart calculator!
Lastly, this website not only offers a financial calculator but also other calculators including unit conversion and health calculator.
Read more: Utilize FREE RM1000 PRS Youth Incentive to grow from RM2K to RM56K
Image courtesy of adamr / FreeDigitalPhotos.net
Nice information in the blog. It is important to have expert to handle the finance of the an organization. There are different evaluation involved and it should be done correctly.
Regard