- Understand Cashflow Management
Cashflow or cash flow is the flow of money that flows from the us to earn money, save it, expand it, and remove it by regularly, wisdom and discipline.
Knowledge will be required to finance cashflow known our families will not be garbled breaking loose and tracked. There is an interesting phrase “no matter your finances are an important deficit, You know where loss of investment money.” Let’s discuss cashflow diagram as follows:
Earnings (income) is an activity that aims to put money/property. Usually the income can be obtained from the two activities, namely Salaries and investment.
The salary earned from our status as an employee/employer/professional/consultant. In a family’s salary was to be gained by husband and wife are working.
The results obtained from the Investment activity in developing our money/property in various ways. There are a few ways I can invest the deposits, Shares, Property, business results, mutual funds, bonds, etc.
Well, all our income is usually stored in the form of cash or bank/ATM.
Spending means all activities that result in our money is reduced. From the diagram we can see an awful lot of need for spending on our families. So when it is not regulated properly then would make family finances to be chaotic and chronic if it could be headed to the brink of bankruptcy.
In General a family have some expenses such as household spending, Debt Repayments, insurance premiums, the Housekeeper, the child Needs, transportation, Taxes, Tithes/Entertainment/Recreation, social activities, Fashion, and so on.
When we look at all this time, the error is often done by most families are only deals with income derived from salaries that is constantly being drained to cover its expenditure. angat is a bit of our families who are starting to investment activities as a source of income for his family. But if we are diligently performing investment, then the result of the investment actually can cover all sorts of our spending is, in fact can be much greater than the salary we receive during this time.
The explanation above is an ideal conditions which are to be achieved by each family. When your family is currently still rely entirely on the flow of income from salaries every month, then it’s time for a little by little the money You set aside so that it could make a new revenue stream that comes from Investments.
Son of a mandate from Allah. Educate a part of worship, though not an easy matter. Is the dream of every parent, when able to provide the best education for their child either. Yet another fact often said, most parents are not able to make it happen.
Why did this happen ..? It turns out that the main cause is lack of financial planning and risk management, such as:
1) consumptive lifestyle
2) the improper management of earnings
3) The mindset of people who have not put insurance as a requirement, in addition to savings in the bank.
Preparing for the education of children is an obligation for each of us parents. Sometimes we often forget to ask ourselves whether we have prepared the cost, to finance the education of our children’s future. Whereas in preparing children’s education fund, actually not only need to know about how to calculate the budget for the preparation of funding their education, but also what investment products should be selected. So the choice or ideals can be realized for our children to school place they want without constrained cost issues.
With the Insurance Education, you do not have to worry about the fate of your child in the future. Your savings are protected. If something happens to you, whether it’s critically ill, accidents and even death, your plan will still carried on saving money. Since the Insurance Education will take over to save for your child’s education fund, so that you plan to collect money for your child’s college costs will continue to happen until the child turned 18 years old. Graduation Degree
If you think education is IMPORTANT! So do not hesitate to start saving money now, before it’s too late! Remember we do not know what will happen tomorrow, at least we have to prepare something that’s best for our baby.
Congratulations education funding plan your baby
When a friend of mine who still works as a civil servant, a friend I feel all the necessities of life are met. The facilities provided are very comprehensive and provide exceptional comfort. Of health insurance (though just ASKES) family to life, the certainty of a fixed job, until retirement. It was not needed anything else, the important focus only on the job.
But, my friend began to feel things that are unnatural, because it often meets with employees who have retired. Many of the things they tell, including the lack of pension funds they receive. At that time my friend thought was reasonable, because all the people that were not always enough and never feeling satisfied with what they have. When one day, one employee died young, begin to open the eyes of my friend. His wife only received a small pension from the State, certainly not enough to feed herself and her two children are still in school. It was not until I began to count, how many actual pension will I receive? Is it enough to meet the needs of families?
Not satisfied with the number that appears, I became awakened friend. During this time, we are satisfied with the condition of the office / place of our work will provide a pension fund until we die. However, just whether or not to live later, no one ever discussed it. Until finally, the retirees are aware that they can not do anything else, just begging to raise their pensions. Very unpleasant, is not it? Meanwhile, in retirement we want to live comfortably, enjoying the hard work so far.
My friend then started counting. If retired, my lifestyle would like what? How much actual money that I can retire from office? What kind of facilities which I still receive after retirement and whether it is sufficient to meet future needs? Increasingly ask, the more the number that appears and the more frightening to see the amount of money I have saved from now to cover the shortfall. My friend realized that the fund and retirement facilities are not sufficient to meet the needs of old age. Saving money just was not enough.
Have a guarantee of tomorrow for themselves and families in preparing for the unexpected things is the right solution for your future and your family can be well planned. But unfortunately prepare for the worst thing that has not become a habit for most people in the homeland. However, the occurrence of earthquakes in some areas many parties and they realize that it takes preparation to deal with it. Because that’s the reason for your present insurance products.
Insurance comes to comfort you and your beloved family life, arranging future financial plans and protect your valuable assets.
Benefits you can get when you have an insurance account:
1) Long-term investment with protection / complete protection, so that financial goals can be achieved
2) Protection of Potential Income or Economic Value your
3) Confirmation of the availability of Pension Funds
4) Certainty Education Fund availability for your baby without concern when there is a risk and inflation
5) Maintain your standard of living and family
Everyone has a dream and living standards are different. In order to realize a dream and achieve the desired standard of living, everyone is vying to accumulate wealth. However, did you ever think what will happen to their wealth and standard of living you and your family if there is a risk of unwanted …? This is where the benefits of protection / protection of the insurance will be felt valuable. Insurance will always help you and your family sustain or maintain your current standard of living when you run the risk that had never previously suspected. Remember the saying of our parents, “Stand Umbrella Before the Rain.”
Every human being should plan life possible, the risk transfer through insurance is one way that God has provided. “If God has provided a way, why do we want to run / own
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The terms “pension or retirement” includes retirement, pension, retirement, health benefits, maternity and occupational risks, invalidity pensions, old age and death and any other kind of assignment of permanent and regular, which collects under of social welfare laws, the allocation or subsidy paid by the employer contracts to cover concepts or similar risks or salary, with the same character, confer the companies or entities to its retired personnel and the term “annuity or annuity “means a stated sum of money paid periodically during the life of the beneficiary or during a specified time, either free or in return for a payment made or cash value.
- The term “capital gains” refers to the profit made by a person in the disposal of assets not acquired or produced normally in the ordinary course of its activities.
- The term “competent authority” means, in the case of Argentina, the Ministry of Economic Affairs (Ministry of Finance), and in the case of the Republic of Chile, the Ministry of Finance.
Any term or expression that is defined in this Convention shall have the meaning that is used in the legislation of each Contracting State.