Personal Finance - Mapping your financial goals with GoalsMapper

The pandemic has exposed the ugly underbelly that many people in the region are not prepared for retirement financially with more than 60 percent of Singaporeans feel that they do not have enough savings for their retirement in 2020.

Furthermore, according to a survey conducted during the Circuit Breaker period reveals that 2 out of 3 working Singaporeans and permanent residents indicated that they did not have enough savings to last them beyond six months. While in Malaysia, up to 46 percent below the age of 55 have less than RM10,000 in their Employees Provident Fund account.

GoalsMapper is a fintech startup founded in 2018 in Singapore with the vision to redefine financial planning that combines smart technology with the imagination and experience of financial consultants to provide clients an easy-to-understand and interactive platform.

The founder and chief executive officer of GoalsMapper Wayne Chen, gives an overview of the company and how the idea of GoalsMapper came about. He also talks about:

the specific problems they are trying to address
the target audience and their products and offerings
how their platform can be useful to financial consultants to scenario plan client’s financials. Wayne explains GoalsMapper’s feature that allows the visualisation of one’s financial projections in circumstances such as sudden disability or in the case where the client wants to assess if they are sufficiently prepared to have a child, to purchase their ideal property or retire early.
the financial challenges millennials face today and the financial trends that are popular amongst them