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Kenneth Cheng

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A Monthly Curated Newsletter

As the world enters a recession, the upcoming year can pose a challenge for many due to increasing economic uncertainty, and the natural fears surrounding it. In this issue, we look at some trends and possible actions that can help us become more emotionally and financially resilient to not just ride out the challenges, but rise above them. I hope this gives us hope.

How to Be Happy in a Recession

Recession begets misery, which makes for more economic bad times. You naturally make the pattern worse by following your loss-aversion instincts. Although you probably can’t break the global economy out of this feedback loop, you can break yourself out of it. Start with the following three practices.

 
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Here are 8 ways to bulletproof your finances ahead of a likely recession in 2023

5 personal finance experts here give tips on how to protect your finances. Their recommendations include building up an emergency fund, trimming your regular spending and up-skilling

 
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How to Stay Optimistic During Hard Times

 
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I seek to reach out to people who believe in safeguarding the interests of their loved ones. Let me know if I can be of help to someone you know or care about. We can make a difference to lives when it matters most. Cheers.
 
Kenneth Cheng
 
 
 
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Testimonials and Referral Notes

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Crystal Huang, Senior Financial Consultant

I joined Kenneth's Team back in 2018, and I would say it was his character and transparency that gave me the leap of faith to join the Finance & Insurance Industry. Time flies and it is my fourth year, Kenneth would still be ever ready to assist me should I need advise, and also he continues to support the Team with prospecting methods and ideas. Despite being in the industry for more than 20 years himself, he is always open to new ideas, suggestions, and continues to learn from others (signing up for courses/ hearing from others). He is a leader who leads and inspire many others.

Jace Low, Financial Consultant

I met Kenneth when I was looking to enter the financial services industry back in 2020, and what really stood out to me was his upfront honesty and transparent nature. I was exploring many opportunities at the time and Kenneth's ability to lead really spoke to me because he never gave me "fluff" or painted a flowery picture but was always very real in his mentorship and guidance to me. I've also seen him on multiple occasions go out of his way to help not only mentees but also his clients who ask for his time of day urgently, despite his tight schedule. I'm thankful for his presence in my life and would not want to be anywhere else except with Opulence and under his care. I am sure others who have worked with him will say the same and I am all but certain that future new mentees and new clients will see what I see as well.

Eddie Chin, HR Business Partner, CAG

I’ve known Kenneth since my army days, so that works out to more than 20 years… I must say since those days, Kenneth has been a natural mentor in caring for and taking care of his course mates (me included!). Armed with a positive and never-say-die attitude, he regularly galvanizes every one of us fellow trainees to “endure and excel” throughout the few months of training together. From the tough times we faced together, you could clearly tell that Kenneth was someone you could depend on, in good or bad times… 😊 I recall Kenneth was already clear at that young age (where most guys are probably trying to “act cool”), that he wanted to go into the financial planning line to help relatives and friends better plan for their needs at various stages of life. We continued keeping in touch after we were posted to different camps in Singapore, and shortly after we turned operationally ready he got his financial planner licence with Prudential! Without a doubt, I took up my first life policy with him after starting work myself. Fast forward 20 years, and Kenneth continues to conscientiously plan for me and my family’s needs in terms of insurance coverage. I mean it when I say “needs”, coz Kenneth never pushes for me to take on more than I should or could. Now that he’s leading his own team, he remains down to earth and continues to keep tab on me and my family’s well-being, as a good friend and trusted financial advisor.

Leon Chaw, Senior Financial Consultant

I have known Kenneth since I was 18. Lost and inexperienced about life, Kenneth has provided me guidance and support throughout my younger days. He is genuine in his mentorship and the only motive he has; to do well and do good collectively be it personal or at work. Kenneth has displayed the fine example of walking the talk. As a 20-year veteran and leader in the financial advisory industry, he remains humble with his advices while ensuring that his team remain grounded while striving for excellence. Kenneth’s foresight and and aptitude in life enabled the team to continuously innovate in our business, even in tough times such as COVID-19. If you’re ready to challenge yourself and want to get out of your comfort zone, do reach out to Kenneth and he will provide you with the most uncomfortable truth yet real advices.

Lee Peng, Business Process Analyst

Kenneth and Clesphrin have been helping us for the past few decades. They always work hard to help us find the best solutions as our needs change in various stages of life. They have been extremely patient and informative, making the decision making process a lot easier for us.

Shawn Ng, Sales Director

Know Kenneth for many years and he handles my family insurance portfolio. He knows his work and is never pushy with us. Good service