The 4 Cs of Life
(Excerpt taken from Money Radiance) By Jon Kho In order to draft a financial plan, we need to have a good perspective of money. Let us use the 4 Cs of life, namely, Create, Cover, Control, and Celebrate. 1. Create Create is the stage where one starts receiving and handling money. This is the stage of exploration, where we get the idea that money is essential in our daily life. We think of a lot of ways to create money, such as asking for allowance from our parents when we go to school or receiving our paycheck month in and month out while we actively work for money. This stage is the foundation of it all. 2. Cover Cover is the stage of protection where one safeguards the money. When…