Financial Wise Sharing
Money makes us do crazy things we never thought we would do.
While does provide opportunities and freedom from certain stresses in life, besides unhappiness for not having money has a greater price.
This might be one of the reasons why I chosed Finance and Investment as my master degree.
The combination of Information Technology and Finance Investment may come in a greater good. But before I go with sophisticated IT Investment concept, I will be more interesting to fix my own financial life. I am in the effort of making my life into better one.
Recently, I happen to know a lady that's working for the parliement. She ran as a candidate for the government, and becomes the president will be her next aim.
We shared portfolio, getting to know, and when the time comes, I might be interested to be part of her team and shares commitment about financial planner educator and motivator for the country. This isn't a rocket science; most countries are very familiar with health insurance, how to plan a pension fund, prepared the education fund, and investing in a variety of instruments, so why can't it be implemented for a developing country like ours?
As you know, I don't give up easily, even though I was treated bad as a minority in this country, I still believe that it's going to be one of the important one. My gut feelings said we have lots of potential with huge opportunities. and yes, I do saw lots of room for improvements, but c'mon we just got our independence for 66 years, where was America 66 years after 1776, anyway?
So on my next informal marathon appointments with the current minister of technology, minister of public transport, and this politician, I'd really love to get inspired and deliver any possible contribution that I might still have.
Starts from something general, like public reality - a brand new of horizon will be opened.
Before we demand for a social security from our government, let's plan on for a basic personal financial planning, such as:
1. Life insurance:
We had many people depending on us as the breadwinner, it could be our children, spouse, parents, brother, or even parents in law. Making sure that you had adequate life insurance value that will be enough to cover your beloved expenses for at least up to the next certain years (multiply the monthly expense into x years with average inflation rate). The X year depends on how many life length they need (for ex: until your children become independent of making its own income, how many years the average age in certain country). Your insurance valud should also enough to pay your debts (mortgage, car loan, etc).
I choosed traditional life insurance (I do not combine investment or other portfolio with insurance), in order to maximize the earn value with less yearly premium that I have to paid.
I bought my investment separately.
We all insured all of our properties, vehicles, house, etc; so why don't we start cover our own life for insurance for our beloved one?
2. Investment:
There are variety ways of investment, for some people, it could be property, gold, currency, foreign exchange, mutual funds, stocks, etc. I may not have enough money to deal with property yet. I choosed dollar-cost-averaging-value for mutual fund, what it means, I just spend a small amount of money to buy mutual fund. I could buy it in a small amount online, behind my desk. I choosed variety types of mutual fund for different purposes (pension fund, educational fund, etc).
(to be contd.) I'll share some more soon.. stay tune..
1. Life insurance:
We had many people depending on us as the breadwinner, it could be our children, spouse, parents, brother, or even parents in law. Making sure that you had adequate life insurance value that will be enough to cover your beloved expenses for at least up to the next certain years (multiply the monthly expense into x years with average inflation rate). The X year depends on how many life length they need (for ex: until your children become independent of making its own income, how many years the average age in certain country). Your insurance valud should also enough to pay your debts (mortgage, car loan, etc).
I choosed traditional life insurance (I do not combine investment or other portfolio with insurance), in order to maximize the earn value with less yearly premium that I have to paid.
I bought my investment separately.
We all insured all of our properties, vehicles, house, etc; so why don't we start cover our own life for insurance for our beloved one?
2. Investment:
There are variety ways of investment, for some people, it could be property, gold, currency, foreign exchange, mutual funds, stocks, etc. I may not have enough money to deal with property yet. I choosed dollar-cost-averaging-value for mutual fund, what it means, I just spend a small amount of money to buy mutual fund. I could buy it in a small amount online, behind my desk. I choosed variety types of mutual fund for different purposes (pension fund, educational fund, etc).
(to be contd.) I'll share some more soon.. stay tune..