How To Achieve Passive Income Through Unit Trust?

Greetings and welcome back!

How many of you would like to not have to work now (unless you choose to!) and money is coming in every month and forever?
I can imagine some of you are nodding your head and say, 'Yes me!' (I'm smiling)

This week my topic is:

How To Achieve Passive Income Through Unit Trust?

Basically, there are two ways of building passive income through unit trust:
1. Investing in a unit trust fund, or
2. Building a unit trust business as a Unit Trust Consultant.


What is Passive Income?

Passive income is money you received from an investment or business without you having to be physically managing it. That is, you have a Golden Goose (eg. investments or businesses) that lays golden eggs (passive income)! Isn't it wonderful? Imagine this, if you have 10 Golden Geese and each of them is laying 100 golden eggs a month! You will received a 1,000 golden eggs a month. Try replace these golden eggs with monetery value. What a way to enjoy a great retirement life. No work, but money is coming in!

Someone said this, 'But money is not everything! I don't need so much money during retirement.'
May I ask, 'When do you spend most money, during your weekdays or weekends?'
Yes. We spend most of our money during weekends. So friends, when we retire, everyday is going to be a weekend!


Can a unit trust fund be my Golden Goose and can it lay golden eggs?

Yes. Just start investing into a unit trust fund and accumulate as many units as you can. At each financial year end of the fund, a distribution (dividend) is paid to you. How much you may ask? The distribution is calculated base on the number of units you have in your fund. Example, if you have 1,000,000 units and let's assume the distribution paid is 5sen per unit. You will received a distribution income of RM50,000. That RM50,000 is your golden eggs.


Is it a good time to invest unit trust with so much uncertainty in the economy?

Well unit trust is a mid to long term vehicle (at least 3 to 5 years). So if you want fast money, definitely unit trust is not for you.
If you are accumulating for your retirement, probably more than 10 years from now, you should not be too concern about the current economic crisis. You should look at this as an opportunity instead. Especially right now, you get to buy units at a discount of 20-30%. Cheap sale! Because during cheap sale, you get to buy more units and the more units you have the fatter is your golden goose.

So start accumulating as many units as possible if you wish to retire comfortably.

It is in doing, that we achieve our goals. So quickly get into action and I hope that your golden goose will grow so fat that you have more than enough.

That's all for this week. I'll continue the second part next week.



This Week Encouragement


Balance Your Gifts With Character

For people who hate discipline and only get more stubborn,
there'll come a day when life tumbles in and they break,
but by then it'll be too late to help them. Proverbs 29:1




Hey, I have enjoyed blogging with you. Till we meet next week.

May your week fills with joy and opportunities.

Deenia

Why Did I Start A Blog?

Hi, I'm Deenia and welcome to my blog!

Today I have started a blog to talk about my Unit Trust Business.

My reasons:
1. To share my experiences in Unit Trust investments.
2. About agency and team building.
3. About equipping leaders with the right characters and values in business.

I'll be blogging on the above subjects.

Since this is the first time we meet, please allow me to share a little about my background.

I am the founder and the Group Agency Manager of D’ Planners & Associates, that is, the name of my team.

I am attached with the largest private unit trust company in Malaysia, Public Mutual Berhad. I joined Public Mutual in October 1997. In my last 12 years, I have achieved the 'Million Ringgit Producer' Awards every year since 1999.

Besides being a Personal Sales producer, I currently manages a team of more than 300 consultants. My team was awarded Champion for the Top Agency in Damansara Perdana Branch in 2008, 2006 and 2005. Over the last 4 years, I have groomed 7 of my consultants promoted to the highest level, that is, Group Agency Manager.

Prior to joining Public Mutual, I was attached to Citibank for 10 years and my last designation was Assistant Manager in IT Banking, and another 3 years with Great Eastern Life, selling life insurance products.

I am a Certified Financial Planner (CFP). I frequently contribute my unit trust experiences in many of Public Mutual conventions, seminars and trainings as their panel speaker. One of my proudest moment, was being invited as a Speaker to Public Bank Sales Convention 2003.

In 2007, I authored my first book entitled, ‘Overcome to Become’.

In conclusion, it has been great to be able to share my experience with you.

Coming up next week!
I’ll be talking about ‘How to achieve passive income through unit trust ?’.

This Week's Encouragement

Be Positive

I remind you to stir up the gift of God which is in you through the laying on of my hands. For God has not given us a spirit of fear, but of power and of love and of a sound mind. 2 Timothy 1:6-7

Thank you for visiting my blog, and have the best week ahead!

Deenia