Financial Planning Malaysia: Feature Articles
- Learn how to detect accounting manipulation when reading financial statements for investing.
- Read how we finished off a 20-year home loan in 7 years. This guide comes with free download of an Excel financial model, the Home Loan Repayment Planner.
- Cut your next life insurance policy premium by 70% without compromising your coverage needs...if you know what you are doing. Read more on reducing life insurance premium.
- Preventing credit card mess with 12 amazing action plans. You will never fall into credit card debt again. Click here on preventing credit card mess.
- Learn how to protect your family financial security away from your business risks? Read more on Trust: a shield for family's financial certainty.
- Learn about investing in REITs
- Investing abroad? Read what we think about the opportunities and risks.
Desktop Financial Tools Download
- FPM's Housing Loan Planner for housing loan calculation and repayment planning. It is designed for both Fixed Term Loan and Flexi Housing Loan.
- A comprehensive Net Worth Calculator that analyses your assets and liabilities.
- Return on Investment Calculator for your rental property.
- A simple Retirement Planning Calculator based on conventional way of viewing financial planning. It helps you to calculate your required retirement fund. It is an Excel template.
- A useful Hire Purchase (and lease) Calculator that enable user to know accurate effective interest rate and to compare different loan offers.
- MFRS 16 Calculator: It is an Excel template designed to help business owners (and their accountants) to translate their leases to be in compliance with the new Accounting Standard, MFRS16 and IFRS16.
You will find a full list of online banking facilities, Islamic bankers, online stockbrokers, scholarships, insurance companies, unit trust funds, etc. in our financial directory.
We update our directory constantly. The financial information or references in the directory are specifically for those who live in or travel to Malaysia.
Financial Planning Guides
Section 1: Dealing with debts
What is your biggest monthly expense that takes up most of your take-home income? If you are like most people, it is probably either your home loan or car loan repayment. With easier credits from banks offering various consumer loans, cash advances and credit cards, more and more people find that most of their incomes are expended to repay their earlier spendings.
This section provides guides on dealing with debts:
Section 2: Living, saving and spending
This section is about living for the moment in a most effective and efficient way. It is not about delaying gratification; it is not about living like a scrooge. Having all these thoughts is like putting yourself into jail and one day the repercussion strikes in the form of spending spree.
We must first understand that living for the moment is not equal to spending. Many good things in life, if you count, are dirt cheap in terms of dollars and cents.
We will take it from here...
- A way of life: Saving, spending and living the moment
- Many couples seem not able to see eye to eye in managing a joint bank account. We are in favour of holding a joint bank account. It provided us the discipline to finish off our 20 -year home loan in 7 years. We understand the difficulties and we have solutions to overcome them. Read managing joint bank account
Section 3: Creating wealth
Get the principle correct first, it is not about accumulating assets, i.e. big house, big car, unit trust, etc. It is about accumulating assets(i), i.e. assets that generate sustainable incomes (rental properties, businesses, web sites, high dividend payout stocks, etc.).
These are the guides:
- Establishing criteria of stock selection
- Investing abroad
- Learn to detect profit manipulation in financial statements
- Investing in bond funds is safe for your retirement plan? You will be shocked to learn it could be otherwise.
- Understanding REITs in Malaysia. Criteria of a good REIT for investment.
Section 4: Protection
This section is more than mere insurance.
- Using trust to protect your family's financial certainty
- Cut down your life insurance premium without compromising your protection needs
Section 5: Leaving a financial legacy
The best part to have money is being able to help those who are in need and being able to leave a financial legacy to our children.
For a start, check out our financial directory on charity organisations.
Personal Financial Planning: A Sensible Approach
Most of us believe it is wise to set such financial goals like sending children to college, planning for retirement, going on vacation, buying a new car, etc. So instead of drafting a financial plan that makes us rich and makes every big ticket item so affordable, we draft a plan that makes every big expense a goal. We live a life of the middle class struggling to pay for our insurance, our children's college expenses, a slightly bigger car, home loan, credit card debts, etc.
The ultimate financial goal is to be rich so that such expenses like children's college education are like buying movie tickets. You don't set a financial goal
to buy movie tickets. Do you?
Read our breakaway wisdom of personal financial planning...
Personal Financial Planning: An Overview
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