Posts Tagged ‘Financial Planning’
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)
Mathematically this procedure is indisputable, but from the economic point of view the error was that the state wanted to speculate 
yourself by subscribing supposed interests, and leverage its resources by placing them unproductively, and the illusion was that was being paid coupons really titles amortized because they were held by the Fund; a result, the debt is not extinguished until the amount was removed penny penny to the Treasury, without saving or advantage. So Banks amortization were totally rejected, and has not been more of them remember that the increase in debt of nations, due to the misconception that could be repaid fácilmente.-No more than half to form capital production, and it is idle to pretend that those multiply where none exists. The extinction of the debt, amortization gradual succession, is an urgent need for governments, but the only way to get this in a budget surplus of well established.
Regard to the property, depreciation is a state contrary to its most essential conditions. Circulation is the life of the property and is rightly called amortized, that is dead to that which stiffens
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.