A Framework for Financial Planning

We came across this interesting financial planning guide, "The 6-Step Approach to Financial Planning". Even though the web site is for Canadian it is applicable in the context of Malaysia.

It is a concise article.

Sources of finance for your business

ACCA has a great write up on Sources of Finance for Your Business in yesterday Sunday Mail. This is the list of sources:

1. Own savings
2. Family and friends
3. Home equity
4. Bank loans
5. Business angels
6. Private equity house
7. Venture capitalists
8. Government grants

Detecting profit manipulation

Reading financial statements is, sometime, a futile effort in knowing the company performance. Profit numbers are unreliable. Looking back at 1997 Asia financial crisis and 2000 Dot Com Bubble, failed companies unabashedly manipulated their numbers before their demises. Stock prices crashed before showing any sign of losses, or before the reported profits were rediscovered as losses. The unscrupulous managements cheated in their report cards. It makes us believe that it is useless and meaningless to read financial statements.

We rely on the numbers provided by the management to make our investing decisions. These numbers have to be authentic and we must have confident in relying on them. To confidently relying on numbers in making investing decisions, we must be able to detect profit manipulation.

This is FPM's voice, straight from an Accountant on how to detect profit manipulation.

Personal Financial Planning: An Overview

Personal Finance A plan for life Young, free & single Married couple Happily single Retiring	Issues in life Buying a home Buying a car Getting married Chilren's education
Assets Building Human assets Paper assets Real estates Businesses Assets strategies Savings & expenses	Financing Credit card Home loans Getting a loan Getting out of debts
Assets Protection Life insurance Trust Special vehicles	Leaving a Financial Legacy Trust Will Assets arrangement Giving