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Create your financial plan

Are you ready to start using your money to achieve your goals? Here’s how to put together a financial plan in seven simple steps, from determining your goals to reviewing your annual plan.

Seven steps for financial planning

Before you can create a plan, you need to know what you're aiming for. You might be thinking of a long-term goal such as a comfortable retirement or dreaming of a short-term goal like buying a second house next year.

You may have your eye on a yacht, but when you start prioritising your goals you might realise that retirement or protecting your family are more pressing needs right now.

Now you have an idea of your goals, it's time to see how much money you have, including investments, assets and insurance policies. How much more do you need to fund your dreams?

How much you need depends on your goals. Your financial plan will be different whether you're saving for three years at a university abroad or life after retirement.

Take out insurance to protect your family, or combine investments and savings to prepare for a comfortable retirement.

Once you've drawn up a plan, it's time to put it into action. Invest for the first time, buy much-needed insurance or save your excess cash this month.

Your goals will change as you get older, your income increases and your family grows. Every year you should reassess what's important to you and check that your current plan is helping you reach your goals.

Before you can create a plan, you need to know what you're aiming for. You might be thinking of a long-term goal such as a comfortable retirement or dreaming of a short-term goal like buying a second house next year.

You may have your eye on a yacht, but when you start prioritising your goals you might realise that retirement or protecting your family are more pressing needs right now.

Now you have an idea of your goals, it's time to see how much money you have, including investments, assets and insurance policies. How much more do you need to fund your dreams?

How much you need depends on your goals. Your financial plan will be different whether you're saving for three years at a university abroad or life after retirement.

Take out insurance to protect your family, or combine investments and savings to prepare for a comfortable retirement.

Once you've drawn up a plan, it's time to put it into action. Invest for the first time, buy much-needed insurance or save your excess cash this month.

Your goals will change as you get older, your income increases and your family grows. Every year you should reassess what's important to you and check that your current plan is helping you reach your goals.

More products and information

Global experts' advice to help you capture global investment opportunities and mitigate investment risks to meet your diversified investment and wealth management needs. Our investment products include: Structured productsDual Currency Investment and Enhanced Yield InvestmentOverseas Investment Plan, and Local Unit Trust and Hong Kong Mutual Recognition of Funds.

We take into account your protection needs at various life stages to help you find out suitable insurance plans, leveraging on our ability to offer a one-stop platform for your insurance needs.
You could check our insurance partner policies including Travel insuranceHealth insurance, and Life insurance, and our Online service.

In today’s fast-paced financial world, the only way to stay ahead is to be on top of current market events. Tap into our unique market insights and investment analysis to stay informed about the latest trends and regional news with just a few clicks.

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Although the above information is carefully written, the bank does not warrant, state or guarantee the accuracy or completeness of the above information. The above information is not and should not be regarded as an offer or purchase invitation for any financial product, nor should it be viewed as an investment proposal.