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财务规划的重要元素

我相信很多人都知道财务规划的重要性,但是又有多少个人正在实行,真正的走上自己的投资理财之路???

在生活中,不时会很迷惘,钱到底要怎样分配才好,投资又该投资什么,保险买太多还是太少,储蓄在对的地方吗? 这些都是理财的基本元素,看似简单,但是分配起来就需要考功夫了. 其实我们每个人都需要建立自己的”军队”, 这些军人就可以发挥自己的专长来帮我们管理我们的财务。到底我们需要怎样的军队来帮我们实行财务自由?

1. 前线士卒 《《 保护我们的财务
2. 军营卒长 《《 招募人才,积存财务,准备出击
3. 总司令 《《 分析及观察战局,给予最好的建议和指示,帮军队打胜战
4. 继承者 《《 分配职务, 传位予下任的君主

我们只需要组织一支属于自己的军队,那就可以打胜战了~~~~
到底我们要如何开始投资理财的路?富人和穷人只是一线之差,你是属于哪一类人呢?我将会继续详解,谢谢!!

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January 8, 2010 Posted by | Financial Planning, Mandarin Posts | Leave a comment

Important Elements in Financial Planning

I believed everyone know the importance of having an stable / well financial planning. But the problem is how many people is planning for their own financial status, and going for their financial freedom?

Sometime we are confuse in our life, we don’t know how or where to allocate our money? What to invest? Is the insurance premium enough to cover? aren’t we save the money in the right place? These are the basic elements of financial planning. It always look simple, but you will find difficulties when you going to work it out. So, we need to form our “battalion”, and these “battalion” will use their strength to help us to go for our financial independence. But what is the element we need in this “battalion”?

Protector >> Help to protect our wealth

Strategist >>Recruit army, Accumulate wealth, and ready for attack

Monitor >> Analyst and oversee the statistic, giving the best recommendation / strategies to help to win the battle

Successor >> Distribute duty, and pass it to the next emperor

We have to form our own “battalion” in order to win the battle. ~~VICTORY~~

How we going to start our journey to achieve financial independence? There is only a line between the poor and the rich, which categories you fall into? To be continue…

January 8, 2010 Posted by | Financial Planning, Uncategorized | Leave a comment

Unit Trust Investment with EPF Saving

Invest Unit Trust With EPF Saving

Employee Provident Fund or EPF saving can be used for investment if you are capable to outperform the dividend declared by EPF.  EPF members can withdraw their EPF saving from Account 1 for investment in unit trust fund.

There are few criteria for you to withdraw and invest

  1. You have achieve the Basic Saving required in Account 1
  2. Minimum withdrawal is RM1000
  3. Invest 20% of amount in excess of the required Basic Saving in Account 1
  4. Invest through appointed unit trust fund company by Ministry of Finance
  5. You can only make second withdrawal after three months of your first withdrawal
  6. Basic Saving Required In Account 1
Age Basic Saving Age Basic Saving
18 1,000 37 34,000
19 2,000 38 37,000
20 3,000 39 41,000
21 4,000 40 44,000
22 5,000 41 48,000
23 7,000 42 51,000
24 8,000 43 55,000
25 9,000 44 59,000
26 11,000 45 64,000
27 12,000 46 68,000
28 14,000 47 73,000
29 16,000 48 78,000
30 18,000 49 84,000
31 20,000 50 90,000
32 22,000 51 96,000
33 24,000 52 102,000
34 26,000 53 109,000
35 29,000 54 116,000
36 32,000 55 120,000

 

Above are the Basic Required savings that you must have. You only can invest if you have the excess amount after deducting the require Basic Saving in Account 1. From the excess amount, you can invest not more than 20% of it and not less than RM1000 per withdrawal.

Let say, you are at the age of 35, your Basic Required Saving in Account 1 is RM29,000 and your account have RM40,000. That means you have (40,000-2 9,000) RM11,000 of excess. Out of  RM11,000, you can invest 20% maximum or equal to RM2,200. You can make second withdrawal after three months from the amount of excess after deducting Basic Require Saving in Account 1.

In the second time withdrawal with the same age, Basic Required Saving in Account 1 is RM29,000 and your account have RM37,800 (after deducting the first time withdrawal). The excess amount is (37,800-29,000) RM8,800. Out of RM8,800, you can invest 20% maximum or equal to RM1,760.

Investing in unit trust fund will give better return compare to EPF if only you are smart and amateur investor.  Bear in mind you might loss the invested money if you do not do survey first and just listen to unit trust agent and buy blindly.

January 7, 2010 Posted by | Wealth Management | Leave a comment