Posts Tagged ‘financial plan’
Anyone who needs to do family planning in Islamic finance?
There is the assumption that financial planning is only for rich people who have excess money, because it uses the financial planning consulting services cost quite expensive. This assumption is of course not entirely correct. Fee must be paid to consultants finance is relatively expensive, but the benefits can be calculated and is generally greater than the fee to be paid. Keep in mind, that the Islamic family financial planning should be done by everyone. Because it is a sin if a Muslim to leave the debt and had no assets to pay for them and or leave their children in a state of weak and poor, when he died. Of course, efforts are needed to achieve these conditions, and it can be done by everyone.
Islamic financial plan can be done by anyone. You do not have to have a certificate for your own financial plan. Many books that discuss how to family financial planning. You can read the articles on the blog-sharia mandate, you can also follow the training organized by the mandate-sharia, so there was no reason not to plan your finances, and do not plan your life. Remember, if you fail to plan, you plan to fail (if you fail to plan, you plan to fail)
Personal and family financial planning is the process of managing the money you have to be able to achieve financial goals. This planning process requires you to control your own financial situation. Each person or family has a unique financial position and specific, and therefore any financial activity should also unique in that is carefully planned in order to achieve specific goals and needs.
Financial planners are professionals who help you to achieve financial goals by providing advice tailored to your condition at that time.
Then the so-called family planning in Islamic finance?
Islam is a religion which comprehensively regulate the joints of the life of the world through its holy book the Qur’an and Hadith. Likewise, the ways to manage personal finances, Islam has rules that made reference how to manage the gift given by Allah SWT.
If conventional financial planning is intended to achieve financial goals for life in the world, then financial planning rules that are based in the Qur’an and hadith can not only achieve financial goals in the world but also life in the hereafter (Falah), in addition to forming a better way of life.
In some developed countries, the profession of financial planners like this are very common, and in Indonesia itself just five years professional financial planners began to be known, here are some ways a financial planner is paid:
- honorarium
In this case, a financial planner receives payment for the financial plan he makes, no matter the client to run the financial advice given or not. there is even a financial planner who set honorarium per hour.
- commission
Here, a financial planner receives payment from the commission when the client runs the financial advice given. in this regard you as a client must be smart, make sure the financial advice given in accordance with your financial goals, because sometimes in order to get commissions from the products offered by a financial planner to ignore your financial goals.
- Honor + Commission
Financial planners receive an honorarium for the financial plan and made suggestions, and if the client plans to run it, then the financial planner will also receive commissions from financial product recommended to his client.
Of course, each way has its own consequences, but if you want to find a planner who can give the best advice make sure you choose a genuine financial planner to help you.
Some financial planners offering their services for free, especially those who have affiliations with insurance companies and financial planning as a form of socialization to the public, this certainly is good news for those of you who want to made a financial plan. but before making sure that the-planners are people who genuinely help you, make sure that insurance companies also shelter where they have sufficient product to help you achieve your financial goals
The habits that make a person become successful financially, he said, is to invest and no-retreat mengundur time to take action. “A millionaire to invest more than they spend,” he said.
Then, what is a form of investment? According to Adam, the investment is any form of allocation of funds that then can add money, as opposed to simply reducing spending money. “Education? That investment, buy a book to learn financial, it’s an investment. While buying a luxury car, it’s shopping,” he said.
In addition to having beliefs and habits billionaires, then steps must be done, Adam said, is to set goals or targets to be achieved. “Goal, how much money you want to have, you must have a target to know how to reach that target,” said Adam.
Later, that goal must be accompanied by making financial planning a good financial strategy. Financial planning, said Adam, must be supported with increased income and self-control not to spend much money. Furthermore, according to Adam, still need to invest which is then fitted with protective measures. Protecting financial condition. “Investing is a necessity,
No one plans to fail but who do not plan to fail. The financial architecture is a very important tool to contain the crisis and even more so for our development and personal growth, family and society.
Usually we manage our income only when things are going bad and unplanned, this results in severe family crisis, professional and labor that can be avoided by designing a financial plan.
The five common mistakes of those who do not plan are:
1. Given only when we are in crisis
2. Concentrating our savings in a single financial instrument
3. One person in our family to handle money
4. Not to diversify our investments
5. Do not consult specialists in Financial Planning
Another important aspect is the lack of foresight, not to project medium and long term. Surely for most of our readers the most important thing is the “family” but are assured of the car or the house and not one’s life because being alive is what allows us to purchase goods and services.