I Regret Buying an Endowment Plan | Should I Terminate it?

As my main income comes from doing YouTube, I hope this can be an added assurance to any one of you who needs help for Insurance Planning
You can reach out to me here ➡️ https://tally.so/r/wky9XJ

My Story on Why I Became Certified ➡️ https://demizhuang.com/life-updates-d...

My 2024 Annual Budgeting Spreadsheet + Net Worth Tracker
🔗 Checkout at ➡️ https://ko-fi.com/s/12b3ae7641
🎥 Watch Next ➡️    • How I'm Budgeting my Finances in 2024...  

If you think my spreadsheet can help you get started to
💰 Set Goals for 2024
💰 Budget monthly
💰 Alerts on when you're bursting your budget
💰 Allocate your Finances according to your Net Worth
💰 Track your Net Worth Growth

Hope this helps anyone who like me bought into an endowment plan early on but realise the returns are practically not worth paying for. I figured it's likely better to cut losses because in the long run I gain more with what I'm doing instead. Know your finances - net worth, cashflows, allocations etc.

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Connect With Me
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📫 Email — [email protected]
💛 Support — https://ko-fi.com/demizhuang
👋🏼 Instagram — @demiizhuangg
🌐 My Website — https://demizhuang.com

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Books that Changed My Perspective (Life & Money)
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📚 The Pathless Path - https://amzn.to/3vxYqOu
📚 The Psychology of Money - https://amzn.to/3vB4g1p
📚 Die with Zero - https://amzn.to/3ShqkHb

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Disclaimer
Some links above are affiliate link. I earn a little at no cost to you!
Hey guys, I just wanted to mention that with all the videos I've posted to-date should not be taken as financial, investment or trading advice. All views expressed in the videos are that of mine. Remember to always do your own research before making any decision. All that I've mentioned in the videos are ways and how it has helped ME in my personal finance journey. I hope you take away snippets of insights and if it can be applied to your financial situation that'll be great. I do not represent and will not be liable in any way for the decisions you make after watching the video. 🫡
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TIMESTAMPS:
00:00 - Introduction
00:20 - Why I Bought
00:55 - Realisation | Nature of the plan
02:56 - Calculations
04:15 - Advantages over the endowment plan
05:01 - How does it fit into my personal finance plan?
07:00 - Who is suitable for Endowment Plans?

#demizhuang #endowmentplan #personalfinance