My Family

My wife and my kid very important for me, when i want to do some decision, i will think for them first.

規劃財富•未來不用愁

消費？你、我或他都會，但會不會在妥善的財富策劃協助下精明消費，卻是一大難題，也並非人人都瞭解何謂“財富策劃”。

年輕人當然應該趁早為自己做好財務規劃，但年老一輩的也不能置身事外，因為每個階段的人都需要不一樣的財務規劃，就算退休了也需要利用有規律的財務規劃來為生活提供保障。

譬如說，父母可能希望孩子能在往後照顧自己，但未來的情況可能出現改變，也許大家都需要擁有自己的私人空間，因此父母親也需要學習“獨立”，以保障未來生活。

“財務規劃沒有遲或早之分，也沒有年齡限制，但在進行一切之前必須先瞭解本身的財務狀況及未來需求，那樣才能有效地規劃自己的未來。”

趁年輕開始著手進行財務規劃能鍛鍊本身的理財“紀律”，而父母應該從小讓子女接觸理財觀念，例如教導子女想購物就必須自己學習控制花費，然後從儲蓄所得來達至目標。

雖然存錢只是財富規劃的附屬一環，但先將錢存好，增加自己的投資能力，也能讓自己未來獲取高回酬的機會擴大。

年輕人應該趁年輕購買保險，以為自己建立一道“保障”門檻，當中可以選擇醫藥、人壽或儲蓄等保單，那是項基本的“後備”。

他提及，大家應該建立屬於自己的資產，例如房子，並將其作為一項投資，而不是讓人備受壓力的債務。當然，一切必須視本身的能力而定，不能好高騖遠。

大家可以選擇在房產有好價格時進行專賣，從中賺取一比，然後再換一間大的，因此別在乎自己的房子大或小。

Financial Planning

What is Financial Planning?
According to the Certified Financial Planner Board of Standard, financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for your child's education or planning for retirement.

The process involves gathering relevant financial information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals given your current situation and future plans. As life and circumstance change, so your financial plan will need to be reviewed and revised on a regular basis:

a.Ensure you are on track to meet your goals
b.Identify and address new goals and
c.Make sure the financial tools you are employing still meet your needs.

Medical Card for your love one

Medical cards and medical insurances are necessary because all services cannot be offered by a government hospital. Government hospitals can offer emergency and essential medical care but usually there is a long waiting list. Possession of a medical card will be able to give you more choices.

A medical card can help you prepare for these costly expenses and ensures comprehensive coverage in medical, surgical and hospital costs, ambulance fees and other related medical charges.



Things to Look Out For When Buying Medical Cards

Exclusions

Many medical cards do not pay for many chronic diseases in the first year and many cards do not pay for pre-existing medical conditions. Most cards only provide in-patient services and exclude outpatient services.

Guaranteed Renewal

Some medical cards are yearly renewable, while others normally offer guaranteed renewal up to a lifetime limit.

Co-Insurance

Some medical cards also practise co-insurance, meaning that you'll have to pay a certain amount of the medical fees, normally at 10% - 20% of the total medical fees incurred, while the balance will be paid by the insurance company.

Cashless

There are also some medical cards which are cashless medical cards. As a policyholder of this kind of cashless medical cards, just present the card at any participating hospital to facilitate your hospital admission. You do not need to worry about preparing and submitting claims as all expenses under the medical card will be paid directly to the hospitals. However, this kind of medical cards are becoming less available due to misuse and very high claim rate.

Participating Hospitals

Depending on the insurance companies, the number of participating hospitals varies. Choosing a medical card with more participating hospitals benefits you better, as you will have more choices in time of emergency.

What is Unit Trust?

A unit trust is a financial vehicle through which individuals may invest their money. The idea behind unit trust is better investment through collective investing. That is to say pooling the investments of many investors, individuals and institutions.

Many individuals deposit money in the banks, for which they receive interest. These individuals expect complete liquidity where they must be able to withdraw their deposits in cash at any time. The banks employ professional managers to look after the deposits. The deposits are invested. These managers lend the deposits to other individuals requiring funds and a host of other profit generating facilities of the banks

Similarly, unit trust holders wish to put their money to generate higher returns. The goal of all investments is to make money more productive, either through producing income or growth. Unit trust holders have liquidity because their units can be readily converted into cash at any time. By investing in unit trusts, it allows them to engage professional fund managers at a low cost to the individual investors. These managers diversifies the investible funds in many different securities and other approved channels to spread the risk.

How to save your housing loan interest

Since the fuel price increase, the related product like brick, steel, cement and other building material price also increase. A example like a house may be cost RM100,000 before that already increase to RM130,000. The housing cost increase also cause someone can’t buy a new house. The important for buying a new house is how to get better housing loan to save the interest.

In Malaysia, normally we get the housing loan from bank either local for foreign bank. The bank will be provide a few package for us to choice. If we want to save the interest, then we must take the lower interest. A example, package A offer BLR – 2% for first 5 years then BLR – 1.5 % for balance; package B offer fix rate 4.8%. If take the package A, we need to take risk for BLR increase for next few years; take the package B more save for long term.