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MEMERLUKAN RAKAN NIAGA TAKAFUL

Salam kpd semua rakan yg memasuki blog saya......lama tidak update blog kerana terlalu sibuk dgn urusan perniagaan. Adakah anda semua tahu industri TAKAFUL merupakan industri yg sangat berpotensi menjana pendapatan yg sangat lumayan.? Apa yg perlu anda buat adalah mengenali industri ini terlebih dahulu. Pendapatan 5 angka adalah biasa dlm perniagaan TAKAFUL ini. Anda tdk percaya.? Kenali lah kerjaya ini pasti anda kagum. Hubungi saya segera 016-2207467 atau email saya : hanafivibrationconsultancy@gmail.com. Sedang mencari rakan niaga di KL, Ipoh & Kuantan. Terima kasih......hanafi - Chief Managing Consultant Maa Takaful

Why Not You Retire Now...?

Most people think that retirement is about sitting at home and no longer need to be productive. Some people also think that retirement is equal to financial freedom. The earlier you achieve that, the sooner you can retire. There are also some people who think retirement is mandatory only when you reach the retirement age.
But in this article, I am trying to convince you that you don’t need to wait 30 years to retire. Change your mindset. You can in fact retire now if you want to.

It is not the usual and believed way to save a lot, wait a long time, and then spend on the nest egg carefully. You don’t really need to have a very big nest egg to retire. Imagine what you can do differently if you are going to retire now? Right now.

Foresee what you will be doing when retired

You can actually plan to retire much earlier if you can foresee what you will be doing during retirement. I believe that at one point in your life, you must have heard about the story about a fisherman.

A boat docked in a tiny Mexican village. An American tourist complimented the Mexican fisherman on the quality of his fish and asked how long it took him to catch them.
“Not very long,” answered the Mexican.
“But then, why didn’t you stay out longer and catch more?” asked the American.
The Mexican explained that his small catch was sufficient to meet his needs and those of his family.
The American asked, “But what do you do with the rest of your time?”
“I sleep late, fish a little, play with my children, and take a siesta with my wife. In the evenings, I go into the village to see my friends, have a few drinks, play the guitar, and sing a few songs…I have a full life.”
The American interrupted, “I have an MBA from Harvard and I can help you!
“You should start by fishing longer every day. You can then sell the extra fish you catch. With the extra revenue, you can buy a bigger boat. With the extra money the larger boat will bring, you can buy a second one and a third one and so on until you have an entire fleet of trawlers.
“Instead of selling your fish to a middleman, you can negotiate directly with the processing plants and maybe even open your own plant. You can then leave this little village and move to Mexico City, Los Angeles, or even New York City! From there you can direct your huge enterprise.”
“How long would that take?” asked the Mexican.
“Twenty, perhaps twenty-five years,” replied the American.
“And after that?”
“Afterwards? That’s when it gets really interesting,” answered the American, laughing. “When your business gets really big, you can start selling stocks and make millions!”
“Millions? Really? And after that?”
“After that you’ll be able to retire, live in a tiny village near the coast, sleep late, play with your children, catch a few fish, take a siesta, and spend your evenings drinking and enjoying your friends!”

Picture what you would be doing when you no longer worry about money. Why not start doing that now? You don’t need to have a million dollar in the bank to start fishing.

Have an annual sabbatical or mini retirement

The story of the fisherman is quite an extreme example. Most of you would like to have a comfort life – at least a decent car, house and some pocket money for all fine dining. So here is another route you can take.
If you break down your retirement goal into yearly goal, the big goal becomes much more achievable. Let’s say your original plan is to work hard for 30 years, then retire for another 30 years. Is it possible to break the retirement period into years or months?
Can you work for 10 months a year and then have a mini-retirement for two months? Some say their current job doesn’t allow that. Then why not find a job that enables that to happen?
If you can have a few months off every year, in order to do what you love and enjoy, that’s call retirement in my dictionary.
The world is such a wonderful place. You can move to a place you like, stay there for a month, and complete a project before you come back. You can mix things around. Work is travel. Project completion is experience earned. You just do it all at once – work, travel, retire, enjoy life, making money etc.
That is definitely possible. Just think about it, really deep.

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Why You May Lose Your House If You Simply Opt For Bank MRTA.?

 

 

 

BE SMART TO CREATE THINGS WITHOUT LOSING EVERYTHING

 

MRTA is the abbreviation of Mortgage Reducing Term Assurance. For those who don’t know what’s MRTA – it is a life insurance plan with decreasing sum assured over time, just to cover your home loan owed to bank.

Normally, this is what happen. After you buy a house, the mortgage officer will normally ask you to buy a hassle-free bank MRTA, single premium, and financed into the loan. You only pay a little bit extra per month, what a fantastic plan!

But are you aware that buying MRTA may not be able to directly protect your asset and your family?
If you purchase MRTA, the beneficiary is the bank. If any misfortune happens, the bank get the mortgage outstanding balance from insurance company (and now the bank is safe).
What happen to your house by now? Your house will be frozen under the estate, your assets will be utilized to pay for other liabilities, clearing income taxes (including outstanding and uncleared taxes for the past many years) and settle legal and accounting expenses. Your family is the LAST party to receive your assets. And in this process, your beloved family will only receive the asset if your asset value is greater than liability, otherwise your estate will be declared insolvent (bankrupt). Your family is forced to leave the house even though the insurance proceed from MRTA has already been paid out. Isn’t it unfair?
In short, bank MRTA is meant to protect the bank, you and your family are only being protected Conditionally.

Then what is the solution? Buying personal MLTA. It means Mortgage Level Term Assurance.
If you purchase personal MLTA, the beneficiary is your family. In case of any misfortune happens, your family will get insurance proceed equal to the value of the house. And the most important thing is that this insurance proceed is creditor-proof and will not be frozen.
What about the house? The house will still be frozen and subject to the same estate execution process anyway.
If your asset is less than your liability, your family at least have already got the cash from insurance. They can buy a new house now.
If your asset is more than your liability, your family get both house and the cash.
Does this make sense to you?
And the other wonderful thing is that if you finish your mortgage installment earlier and wanted to change to a bigger house. Your personal MLTA is portable to your new loan.

WHAT IS MONEY SICKNESS SYNDROME

Can a person become sick due to money? You answered correctly if you said “yes.” A person who constantly worries about money may be afflicted with “Money Sickness Syndrome” (MSS). MSS was identified by Dr. Roger Henderson in 2006 who is a leading mental health expert in the UK.
MSS is triggered by financial stress and consequently sufferers experience physical and psychological problems such as depression, weight gain and sleeplessness. Financial stress may stem from worrying about making enough money, the lack of financial control, the high cost of living, how to maintain a certain standard of lifestyle, etc.
Those with debt problems are also at risk. These people do not know how to spend their money wisely and control their overspending. Hence, they accumulate debts which cause them to worry excessively.

Warning signs

There are signs to look out for that signal a person is heading towards trouble and getting MSS. For example, the person has trouble paying his bills (i.e. late payments), doing overtime work to earn more; his credit is at the limit and getting a new loan in order to pay off the old one.
There is a misconception that only low net worth people are affected by MSS. The real situation is even high net worth people are also affected. Nobody can actually escape from financial worries and all of us have it to some degree.
In a study done in the UK in 2009, 87 percent of people (British) have financial stress. It was reported that unskilled workers, high level managers and professionals suffer from financial stress. The women had higher levels of stress compared to the men and the most obvious symptom was anxiety.

In a separate study in the US, 35 percent of middle-class Americans were afflicted with physical stress or a member of their household had it, due to the recession that started in late 2007.

Taking control

Dr. Roger Henderson’s own advice is to take control of the situation. He recommended three ways to deal with money-related stress called “The 3 A’s.” It stands for “avoiding, altering or accepting.”
• Avoiding: According to Dr. Henderson, a person should avoid unsafe investments or job situations. The person should live within his means and save for the future.
• Altering: The person either scales back his lifestyle or increases his income by finding a better or higher paid job.
• Acceptance: A person has to accept the fact that experiencing some financial stress is a normal part of life which affects everybody.
There are people who are not aware of their real financial situation and remain ignorant similar to an ostrich that buries its head in the sand. The reality is some people can actually improve their money situation just by altering their attitudes or their perceptions about money. A simple yet a significant step such as living within their means can make a huge improvement to their financial situation.
The main symptoms of Money Sickness Syndrome again are weight gain, depression, sleeplessness or insomnia, loss of concentration and low sex drive. In order to avoid these health problems, a person is advice to take some control over his money situation or to seek professional help.

THE POWER OF COMPOUNDING

LEVERAGE IN INVESTMENT

Leverage means The use of credit or borrowed funds to improve one’s speculative capacity and increase the rate of return from an investment, as in buying securities on margin.

Investing is already a high risk activity, according to those not used to do investment. If to use leverage in our investment, it means the risk involved is even higher. But only with the proper use of leverage, a person can grow rich even faster. We must have heard that most wealthy people actually had gone through some difficult years prior to their success. Normally, they are able to double their income every year after those initial struggle. They certainly use some form of leverage. Example:
1. Buying property with bank’s money. In order to own a RM100,000 real property, we only need to pay 10% down payment of RM10,000 for residential property. When the property appreciate to RM110,000, we made a gain of RM10,000, which is a 100% return from our initial RM10,000.

2. Buying warrant instead of it’s mother share. Warrant itself is a form of leverage. When the share price rises 10 sen, the warrant will normally follow by 10 sen as well. Those who bought warrants know that warrant is a derivative security that gives the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame.

3. Borrowing money to do business. That’s how entrepreneurs are able to build their wealth in a short period of time ( 3-5 years). They use the bank’s money by paying them 4-9% interest, but are able to produce more than 20% return per annum in their business.
If we can learn the art of using leverage, we will be able to grow our wealth much faster!

BANKRUPTCY

How much do you know about Bankruptcy?

NAZRUL was a young, hot-shot executive. Used to life in the fast lane, nothing seemed to be beyond his reach. He was the proud owner of countless trendy gadgets plus a spanking new four-wheeler and an apartment in a `happening' neighbourhood.
Until his spending spree screeched to a painful halt.
Reason? Nazrul had got carried away by the spending power of credit cards. Owning more than eight cards, his penchant for luxury items finally caught up with him. So had the creditors.
Nazrul had accumulated RM30,000 in debts over just two years. With no means of repaying them, he was declared a bankrupt at the age of 27.
Nazrul is not the only one in such a spot. In 2004, 1,397 Malaysians were declared bankrupt due to their excessive consumption habits, especially via credit cards.
`All this is because of easy access to credit cards,' says Marimuthu Nadason, president of the Federation of Malaysian Consumer Associations (Fomca) and Era Konsumer.
According to Bank Negara Malaysia figures, in 2004 there were 6.6 million credit card holders in Malaysia, of which, 5.37 million were principal card holders and 1.21 million supplementary card holders. By July 2005, the number of card holders had increased by 10% to 5.91 million principal holders and 1.35 million supplementary holders.
For the first seven months of 2005, Malaysians took cash advances of RM1.519 billion, an increase of 13% over the RM1.34 billion taken in the same period in 2004. As of July 31, Malaysians owed a total of RM13.1 billion, and more than RM2.05 billion in outstanding balances.
The increase in credit card bankruptcies has changed the traditional view of a bankrupt. Previously, a bankrupt was often viewed as a wealthy person who had become poor due to bad fortune.
Deputy Finance Minister Datuk Dr Ng Yen Yen says the growing trend of people being declared bankrupt is not good and must be stopped. `Financial planning is very important. The answer is discipline through education and awareness,' she says.
She believes the rising trend of bankruptcies among individuals below 30 is due to spiralling credit card debts as a result of failure to manage expenses. Ng believes in public education campaigns to discourage overspending.
Which may be easier said than done. `It is very easy to overspend with credit cards,' says Marimuthu. `With easy access to credit facilities of up to RM20,000-RM30,000 per month, it is easy for a young executive earning a monthly income of RM3,000-RM5,000 to overspend.'
He says young executives tend to overspend especially when purchasing a new car or apartment. This ties up their income. As a result, they start to rely more on credit cards for their other needs.
A study conducted by Professor Dr Fatimah Daud of the University of Malaya's Department of Anthropology finds that 10.5% of bankruptcies are due to credit card abuse.
She says it is common for individuals to hold more than three, sometimes as many as 10, credit cards. `These cards are sometimes used for cash advances and personal loans. With banks withholding personal loans, card holders use cash advances as a source of easy credit,' she says.
Fatimah also finds that defaulters are not doing enough to repay their debts. `Credit card cash advances may be better than borrowing from the loan sharks, but one should also control one's expenditure,' she says.
`Much more needs to be done. This is not just about commercial bank expanding their credit card business. They also have a social responsibility here.'
The increasing trend of commercial banks providing free credit cards, free transfer of credit balances and upping credit limits are pushing Malaysians further into debts. In this regard, Fatimah calls on the Insolvency Department to investigate further the financial standing of bankrupts in Malaysia.
Department director-general Halijah Abbas declined to reply to queries by Malaysian Business on the issue.
Marimuthu says only strong measures can curb credit card bankruptcies in Malaysia. The first step should be to restrict credit card holding by increasing the minimum monthly salary requirement from the present RM1,500 to RM5,000.
Fatimah says each holder should be limited to three or five cards each while Marimuthu recommends that card applicants have a working record of at least two years and be prompt in his income tax payments.
Stressing on the importance of public education to promote wise spending, both Fatimah and Marimuthi agree that credit card providers must take the lead in sponsoring such campaigns.
The last revision to the Bankruptcy Act 1967 was in October 2003, when the minimum debt was raised from RM10,000 to RM30,000 for a person to be declared bankrupt. Should there be another review?
Marimuthu does not believe an increase in the minimum debt would help much. Indeed, when the threshold was last changed in 2003, the number of new bankruptcies decreased temporarily in the coming two months but reverted to almost earlier levels within the next few months.
Being a bankrupt in Malaysia is not a pleasant thing. Until a person is able to repay his creditors, his passport is seized, he cannot hold office in any political or non-governmental organisation, and all his assets are put under the care of the Insolvency Department. Besides, a bankruptcy declaration also affects one emotionally and psychologically.
Could consumers be taught to exercise self-control in their spending habits? Fatimah is not too confident. `You need tight industry regulations and constant education on the spending culture. It is hard to resist spending when credit comes so easily.'
Besides credit card-linked bankruptcies, other bankruptcies in Malaysia are caused by defaulting on car loans (23%); failing to pay personal or business loans (29%); and bankruptcies due to standing as a guarantor (21%).

For now, it may seem that at 10.5%, credit card bankruptcies are on the low side, but Fatimah warns that it is the fastest growing cause of bankruptcies in Malaysia.
It is unfortunate that Nazrul had to find it out the hard way.

KEYMAN INSURANCE AND INCOME TAX

Are you buying Keyman Insurance for your business?

Two common questions?
1) Premium can claim tax (deductible for income tax)?
2) Insurance Proceeds need to pay tax (taxable receipt)?

The answer is, it DEPENDS.

The taxability of the insurance proceeds depends on whether it is a Term Life policy, Accident policy, Whole Life policy or an Endowment policy. If it is a Term Life or an Accident policy, the proceeds receivable will be taxable on the employer or the Company since the Insurance Premiums are allowable for tax deduction.

Conversely, where it is a whole life or an endownment policy, the proceeds available will be considered to be a capital receipt and not taxable on the employer or the company since the insurance premiums are not allowable for tax deduction.

In short,

Whole Life / Endowment => Premium NOT Deductible => Proceeds NOT Taxable
Term Life / Accident => Premium Deductible => Proceeds Taxable

Source / Reference:
Publlic Ruling No 2/ 2003 issued by Director General of Income Tax Department (aka LHDN)

WHAT IS MONEY MANAGEMENT.?

 

Do you have a proper money management system set up for yourself? Why is it important to have one? Have you ever forgotten to pay any of your bills on time? Have your ever misplaced any of your financial records? Are you often clueless as to how much you have in your various bank or investment accounts? If you answered ‘yes’ to any of these questions, then you probably need a proper money management system to prevent any of these incidents from reoccurring again.

Having a proper money management system simply means establishing a set of tasks that can assist you in reaching your financial goals. Below are some examples of money management tasks.

• Prepare a spending plan / budget plan (monthly)

• Pay utility bills (monthly)

• Pay credit card bills (monthly)

• Pay house mortgage and car loan (monthly)

• File finance related documents / financial records (monthly)

• Analyze net worth (yearly)

• Complete income tax return (yearly)

• Review financial portfolio (yearly)

• Review insurance needs (yearly)

• Review retirement plan (yearly)

Looking at the tasks above does not look so intimidating after all as you are probably doing some of the tasks consistently already. It is your responsibility to ensure each one of the tasks is completed according to schedule.

If you are thinking that it is still a lot of work to do, then use the computer and internet to simplify your life. For example, you can use online banking to pay your bills, monitor your account balance, create a spending plan, etc. If you are computer savvy and like the idea of using financial software, below are some tasks you can do to manage your finances even more efficiently.

• Create financial graphs and reports

• Put all your accounts in one place

• Do a daily or weekly tracking of your expenses

• Analyze your spending history

• Keep track of your assets, liabilities and net worth

• Set up reminders for bill repayments

Do a search for ‘free financial software’, ‘financial software’ or ‘financial tools’ and you get a lot of choices to try on. Examples of often-heard financial software are Quicken, Mint, Mvelopes and Myspendingplan.

OK, you have reached the bottom of the page. If someone asks you about money management, you are not in the dark about it anymore. Hopefully, reading this article has given you some ideas on what you can do or should do to manage your money and put a money management system in place.

Making You Rich Is Not A Financial Planner's Responsibility

What are the responsibilities of a financial planner? There are many kinds of financial planners marketing their services to the market. Some are single-product planners: insurance agent, unit trust agent. Some are multiple-products planners – they deal with insurance, will writing, unit trust etc. Some are fee-based consultants – they are independent and charge consultancy fees only. The latter kind of planner are rare in Malaysia. In fact, I still don’t know any whom only charge fees and doesn’t deal with any financial product.
No matter what kind of planners they are, their role or responsibility to the clients might be similar to the list here:

• provide proper advice on related financial matters
• provide product information
• recommend suitable product based on the client’s need
• engage clients with the suitable product supplier ( insurance company, unit trust company, will writing company etc)
• provide after sales services
• help client to save
• help client to invest for medium to long term
• help clients to protect their wealth

Their roles is to help on managing the client’s financial resources, which is $$money$$. As stated above, the list does not include “help the client to become rich”. This is certainly out of the job scope. If meeting a financial planner and getting proper advice will make you rich, you will certainly feel that the consultant fees are too cheap to be true. In other words, don’t expect the financial planner can help you get rich. But if you meet the right one, he might be able to show you how others get rich.
If you still haven’t got what I am saying, this is the conclusion: – getting rich (if and only if we really want to get rich), is our own responsibility. It is not a burden or role of the financial planner.

DIJEMPUT SEMUA RAKAN-RAKAN YANG MEMASUKI BLOG SAYA KE MAJLIS PERKONGSIAN MENJADI USAHAWAN KEWANGAN DI MAA TAKAFUL

Salam para pembaca dan rakan-rakan yg mengunjungi blog saya........anda semua saya jemput hadir ke majlis BOP ( Business Opportunity Program ) yg akan saya adakan di Training Centre branch Bandar Baru Bangi beralamat seperti berikut : B-03-2 JALAN MEDAN PUSAT BANDAR 5, BANDAR BARU BANGI 43650, SELANGOR. Majlis penerangan akan di adakan pada 30/06/12( sabtu / 2pm ). Sila sms atau email kehadiran 3 hari sebelum tarikh program penerangan tersebut. Saya akan berkongsi bagaimana saya merubah ekonomi keluarga saya dlm tempoh 5 tahun untuk mempunyai pendapatan tetap 5 angka setiap bulan. 12 tahun saya menjadi usahawan perancangan kewangan sepenuh masa benar-benar memberi saya kehidupan yg berbeza.

Kita akan dapat apa yang kita pilih.....mari beramai-ramai kita ubah landskap masyarakat makan gaji ke masyarakat usahawan untuk pendapatan yang lumayan. Jumpa anda pada 30/06/12 ini dan jangan lupa sms atau email saya 1 hari sebelum tarikh program untuk penyediaan tempat duduk serta bahan penulisan. Ikhlas dari saya.....penulis blog AKU USAHAWAN MAA.


HANAFI : email - hanafi_vibrationagency@yahoo.com / hanafivibrationconsultancy@gmail.com

                  H/P : 016 2207467 / 03 62876724

DON'T ASK "WHAT" TO INVEST IN, ASK "WHY"

When it comes to “what to invest in”, everyone has an opinion. Whether it’s the best stock to buy, or the best property to invest in, or even the best currency to hold. And that is perfectly fine, because everyone is entitled to an opinion.
What is frustrating however is that professional advisors are often quick to provide a long list of recommendations, even before considering an individual’s circumstances. When was the last time you were asked, “why are you investing?”
People need to focus less on “what” (i.e. what to invest in) and more on “why” (i.e. why invest?). Are you investing because you want a stable income stream or are you looking to achieve significant wealth accumulation? Are you investing because you want to buy a house in five years time, or to go on that 6 month vacation next year, or just simply because you want some money put aside for rainy days?


The answer to your “why” can often provide a guide to the type of investments you should aim to hold.
Here are three things you should consider before asking “what” to invest in:

1 – Your investment time horizon

How long can you put your money away for? Generally, the longer you can put aside your money, the better your ability to take on risky investments.

2 – Your risk appetite

How stressed out do you get when you start losing money? Always err on the side of conservatism as most people overestimate their ability to handle losses. Obviously, the less comfortable you are in losing money, the less you should invest in risky asset.

3 – Your job security, and how it correlates to your investments

Many people (even professionals) fail to consider this. If you hold a stable job, you are better able to handle temporary fluctuations in your investments. On the contrary, if you work full-time as a real estate agent and derive much of your income from successfully selling properties, it’s probably not a good idea to also invest a signification portion of your wealth in property.

Believe In Yourself

INCOME PROTECTION......WHY YOU NEED IT.?

Income protection insurance is a means whereby you can still receive up to 75 percent of your usual income, despite the fact that you have become injured or ill to such a degree that you can not carry out your work anymore. Without having such protection you would have no other choice than to eat up your savings and even finish up on a government disability pension in order to survive. What's more, if you are the owner of a small business you might have to employ somebody else to do your work for you so that your business can carry on without you. Income protection insurance is therefore just as important an item in your insurance portfolio as is life insurance.

Like most personal, or life insurance policies, you, or your dependents, never fully realize their full value until you have to make a claim. If you have nothing to claim against you can find yourself in a seriously adverse financial position very quickly. Therefore your need for income protection will depend on how much you stand to lose, should you become ill or injured to the extent you can no longer contribute to your own welfare.

Income Protection Should Not be Confused With Workers Compensation.

Workers compensation will cover all your medical costs and out of pocket expenses but if you are to be out of work for any extended period of time you could still find yourself in need of income protection insurance. Of course if you work for yourself you will not even have any workers compensation to help you out, plus even if you are covered by your employer's compensation, if you are injured outside of work Workers Compensation doesn't have to pay.

The risk of not having adequate income protection insurance could mean the eventual loss of your family home, or being unable to pay your rent, even your day to day expenses like buying food for your table would be affected.
Compare Quotes and Terms From Several Companies Before Deciding

In order to find the best deal as far as income protection insurance in concerned you will have to compare quotes from several life insurance companies. Premiums and terms can differ greatly between companies and the cost of the cover can depend a lot on how long you are willing to wait before your income protection payments start being applied.

Another factor to compare will be the length of time you wish the payments to continue for. It is possible to have the benefit continue until you reach retirement age. The amount of monthly payments you wish to receive will also affect the cost of the cover.

All these factors will need serious thought before you go ahead and sign up for protection only to find that the policy you chose doesn't give you all you need to cover things like your rent or mortgage, car payments, credit cards and general living expenses. The payment benefits are normally capped at 75 percent of your average income before you became sick or injured, because it has been determined that anything more than that would be an incentive to not return to work when you recover.

There are two major issues to keep in mind when finalising your income protection policy with a life insurance company these are:

Be certain that the policy you are signing up to is index linked so that it will automatically keep up with any inflationary increases.
Make sure that it is a non-cancellable policy. This means you will always be assured that your policy will keep being renewed every time it comes due for renewal. If you don't make sure of this right from the start you will find yourself having to undergo a health check every time you want to extend it further.

If you leave yourself open to re-assessment you could face an increase in premium costs. You should also examine the terms and conditions for a clause that could see your benefits lessened if you had another income stream to fall back on. Some income protection insurance policies will only pay you if you cannot work in the field you are trained to work in. This means that if any other work is around you may have to take it on.

Other policies will pay you regardless of whether other work is available or not, as long as you can't work in an area of your own expertise. This is particularly important for a professional such as a doctor who probably could not practice as a GP anymore because of his or her injury or illness but could work as a watchman at an industrial site where all he would be called on to do would be to monitor on site cameras.

As with life insurance, income protection insurance is best taken out with a solid reliable insurance company that has been around for a long time. The longer such companies have been in operation the more policy holders they obtain and the stronger they become. Longevity is also a good sign that people trust them and stay with them

CABARAN BANGKOK UNTUK ANDA SEMUA AHLI VIBRATION CONSULTANCY DAN PEMBACA BLOG SAYA..!

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SALAM........KEPADA SEMUA USAHAWAN VIBRATION CONSULTANCY SEKALI LAGI ANDA DI HIDANGKAN PERCUTIAN PERCUMA UNTUK KALI KE-5 TAHUN INI SETELAH HATTYAI, SURABAYA, HANOI DAN ATHENS YANG TELAH BERAKHIR DAN ADA YANG MASIH BERLANGSUNG. TUJUAN KAMI SANGAT MUDAH TAK LAIN TAK BUKAN UNTUK MELIHAT ANDA SEMUA BERJAYA DLM PERNIAGAAN PERANCANGAN KEWANGAN INI DAN SENTIASA TERMOTIVASI DAN HAPPY BERSAMA MAA TAKAFUL. AYUUHHH RAKAN SEPERJUANGAN KU DI VIBRATION CONSULTANCY AMBIL SEGALA ISENTIF YG DI BERI SEBAGAI PENGGERAK KEMAJUAN PERNIAGAAN ANDA SEMUA. ORANG HEBAT SENTIASA MEMPERBAIKI POTENSI DIRI MEREKA TANPA MEMBENARKAN SEBARANG HALANGAN MENGHALANG IMPIAN MEREKA. BERFIKIR CARA ORANG BERJAYA PASTI KITA AKAN BERJAYA. "WHAT THE MIND CAN CONCEIVE AND BELIVE THE MIND CAN ACHIEVE". MULAI 22/05/12 SEHINGGA 31/07/12 HANYA DENGAN RM7999 ATAU 15 CASES ANDA DI BERI PERCUTIAN HEBAT DI TANGGUNG SEPENUHNYA KE BANGKOK( KOTA MEMBELI BELAH / KOTA HIBURAN ) SELAMA 4 HARI 3 MALAM. KEPADA PEMBACA BLOG DAN RAKAN-RAKAN YG MELAYARI BLOG SAYA ANDA JUGA BOLEH AMBIL BAHAGIAN DALAM PERCUTIAN INI HANYA DENGAN MENJADI AHLI DI PERKUMPULAN PERNIAGAAN KAMI. ANDA HANYA PERLU BAWA BUSINESS RM5,000 DLM MASA 2 BULAN DARI TARIKH JOINT ANDA DI BERI ISENTIF RM1,250 SERTA PERCUTIAN KE BANGKOK..!

YOU ARE NOT INVISIBLE TO RISK

When you invest your money in whatever way or form, such as in unit trust funds, in the stock market, or in an investment account, your money will grow fast, grow slowly, remain the same or does not grow at all or in a worst case scenario, reduce in amount or worth.
The message here is, you can lose money in an investment scheme and instead of getting richer, you may turn out poorer. Most people like to see the good returns only or how much they can make when investing in a scheme. The higher the return and the shorter the time frame (waiting time), the better it looks as a potential investment.
It looks even better when everything is presented in nicely printed brochures. The temptation to dump all of one’s money into such a scheme is very strong. Unless you are a true psychic, nobody can predict how an investment will turn out. All investments are subject to risk. A recession can affect the investment returns. A political upheaval can affect it. A bad management can also affect the outcome. Therefore, any investment that you make is a gamble.

Your money, your responsibility

You are not invisible from a potential lost. What you can do is to not put all your money into one investment type only no matter how good it looks on paper. I was introduced to one investment scheme a few years ago that promised an average 20 percent return, annually. The temptation to put all of my money into this scheme was so great. I was already calculating the returns on the spot.
The returns looked so attractive and using the rule of 72, any money invested into the scheme will double-up in about four years. For example, if I invested 400K, the amount will become 800K in about four years time (72 ÷ 20 : 3.6 years). In another four years time, the money will grow to 1.6M. I was salivating at the prospect of seeing 1.6M in less than 10 years (about 8 years). Well, I will see the money if everything goes accordingly and there are no major events to upset the investment and ensure my money grows unimpeded.
I ended up investing some money (not 400K) and the returns has so far been whereabouts of 13 – 15 percent annually. Well, as with all other investments, past performance is not a guarantee of future performance. The return is still not bad but it is nowhere near the promised 20 percent return originally. The investment could have gone south and I could lose a good chunk of my life’s saving instead. Hence, to be prudent and to protect myself, investing an acceptable amount was wise. Hey, why expose myself to this kind of worry? I am not a high risk taker and I want to be able to sleep at night.
Lastly, it is wise to always bear in mind that we are not invisible to negative or bad circumstances. Good or bad things can happen that are beyond our control. There is nothing wrong in being extra cautious to avoid an unfortunate incident especially when it involves our life savings. Only invest an acceptable amount of money with considerations given to the risks involve. It is your money and therefore, it is your responsibility.

Mortgage : the cheapest debt

“Cheapest” means the lowest interest charged.
Banker are willing to loan us money for buying houses because that is the most secured collateral. Why bother to settle the loan fast? The interest rate is only BLR + margin = 7~8% at this moment.
I bought adequate life insurance to cover my liability ( including mortgage). Thus, I never bother to settle the house loan. When I got extra money, or saving, I always invest it and make sure that they generate more than 8% return per annum.
That means NOW we got the house, plus extra investment. When I die, my wife will also get the house, my investment, and the extra life insurance proceed. If I die young and fail to achieve my financial goal, at least my wife can achieve her financial freedom instantly!

First Batch Basic Islamic Estate Planning Course For 2012

Assalammualaikum.......syukur alhamdulillah pada 29/04/12(ahad) telah tamat kursus Perancangan Harta Pusaka Islam selama 5 jam yang di kendalikan oleh Vibration Consultancy untuk kumpulan pertama untuk tahun 2012. Tahniah kpd yg telah berjaya hadir dan memberi komitmen dgn baik. Ilmu banyak menentukan sejauh mana kejayaan anda di dlm sesuatu bidang itu. Dengan tamatnya kursus tersebut saya yakin anda telah nampak lebih luas lagi potensi-potensi pasaran di luar yang gagal di ambil peluang oleh ramai konsultan Takaful. Dan pastinya anda telah dapat melihat dgn lebih jelas bagaimana untuk mendapatkan caruman tahunan yg berjumlah besar.


Ilmu yang bermunafaat adalah ilmu yang digunakan.....Do your best..!




Hanafi - Chief Managing Consultant