Public Mutual Unit Trust Cnnsultant
Unit Trust, Financial Planning, Financial Planner
A well-known proverb goes, " Give a man a fish, and you feed him for a day. Teach him how to fish and you feed him for a lifetime."
Whether or not your children love seafood, that pithy saying holds a valuable deepwater truth: There can be no greater gift than leaving your kids with the best university education you can afford.
Time spent at university usually results in countless experiences, both inside the lecture hall and outside, that enrich a young man or woman's life for decades after. The Chinese have a compelling way of describing this phenomenon: " Learning is a treasure that will follow its owner everywhere."
On top of that, a tertiary education translates into a markedly higher earning capacity than a mere secondary education can. Over the course of a 30-year working career, that difference can amount to several million ringgit.
Because of that stark truth, most of us dream of being able to say not proudly but honestly, " I have more than enough money to pay for my children's university education."
Sadly, the vast majority of Malaysian parents cannot make that statement, and mean it, if the university education they're eyeing for their kids lies far beyond our shores. The reason: Current and future exorbitant costs.
Simply put, the real cost of obtaining an education can be daunting, especially at private local colleges and overseas universities.
To add salt to that particular wound, education costs have been escalating faster than the overall cost of living in most countries, including Malaysia. That's why so many people feel that saving or generating enough money to pay for their kids' tertiary education seems as unattainable to them as a tantalizing piece of cheddar dangling out of reach is to a lab rat.
If that describes how you feel, please don't despair! Public Mutual has created an Education Planning service to help you turn that seeming impossibility into reality.
Please do call us if you need more information or clarifications.
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