Personal Financial Planning, Fourth Edition

Preface

This book grew out of our lectures on personal finance at the National University of Singapore. The course was introduced in 1995 at a time when local interest in personal finance was still in its infancy. We felt that there was a need for Singaporeans to realise the importance and pleasure of knowing how to manage their money well. We were convinced that increasing affluence alone will not result in financial well-being unless people take steps to set realistic goals, develop thoughtful plans to achieve their goals and learn to sacrifice short-term gains for long-term good. These are not ivory tower issues but real issues that affect our pockets. Lives can be ruined and families torn apart because we lose control over money matters. ...