Riffrag Business & Finance Report

WHO said salary under Rp2 million, can not do business? Capital whatever, you can begin to embank pocket your pocket.

The answer, to start a small business, not only have pegged about funding. Because, God has bestowed every person with talent respectively. This is capital that actually, so use all the talents the best.

So said the financial adviser Aidil Akbar’s Madjid, in a discussion about financial planning, in Jakarta, recently.

As all know, the cost of living in big cities such as Jakarta was quite high. Salary approximately Rp2 million may only be able to survive such as for meals, and transportation daily. If the expenditure was not able to diketatkan because it was a mediocre, then the proper way to handle it is by increasing the amount of income.

Way, can begin by utilizing a hobby. If you had a hobby of photography, may be looking for additional work with a photographer at the studio or weddings. If you love to write, use all talent to write you with a correspondent or writer in various media.

“The key, no pride and do not be afraid to start doing business. Start a business that most small and do not be afraid to keep learning, “she said financial planner who began his career in the United States since the 1994′s.

Akbar was also told, she has some sideline like motorcycles motorcycles and sells soft drinks in some of the canteen. From the sale of soft drinks it, he mentions a turnover of Rp3 million per month.

“Although only sell drinks in five cafeteria I could produce Rp15 million a month,” he says.

If a financial consultant is not ashamed to do business soft drinks and motorcycles, why we should be ashamed?

For more details, akbar reveal some tips on managing finances or regular calls with the term financial check-up, among others:

1. Debt
By reducing consumer debt and the debt of non-productive. As much as possible the debt is only 30 percentage of primary income regularly.

But for the already married? Primary income is not a merger of the income couples. Prioritizing the husband’s income for the main income, because women tend to have conditions that cause had to stop working suddenly, such as pregnancy, delivery, and so on. But if the husband’s income is not enough, can be combined with the income my wife. And if there is remaining funds, excess funds remaining could be used as an investment.

2. Value of Property Clean (Net-Worth)
Net worth must be a positive. How to calculate, namely by reducing the amount of assets and liabilities. Assets are things we buy today if sold next few years is still very valuable, is still above 50 percent of the price of the original.

3. Flow Cash / Chronology of Funds (Cash Flow)
The flow of cash or funds must be positive. Calculated by reducing the income with expenses. If it’s negative, it should know the cause. If expenses are not be limited or stopped again, means that errors in revenue. So, try to find alternative extra income through working side. The key, no odor!

4. Emergency Fund
An emergency fund is a fund allocated individually to meet the needs of most emergency or forced.

It should be noted, an individual or a family is not allowed to invest long term before it has saved at least one to three months of saving an emergency fund.

For those who are still single and has no dependents, should at least have saved as much as three months salary. For those already married or have dependents two people, at least should have a reserve of six months salary. As for who has responsibility for more than two people must have a minimum of 12 months salary.

5. Insurance
Insurance also has major stakes, especially health insurance. If the work does not have insurance, it is recommended to buy insurance from other places. As we all know, health care is expensive. In addition to health insurance, it is also important to insure your assets. As for life insurance is not so necessary. For singles, the excess funds should be invested only. But anyone who has a family, life insurance is needed to support your child’s life and his wife later.

6. Investment
Investment funds advised separated according to the needs. For the short term (over 1 year), can beinvestasi through savings, deposits, and gold. For the medium term (one to five years), the investment could be gold.

While the long-term (less than five years), could be a way to open a business or invest in stocks, sukuk, mutual funds, and so on. Just information, investing in gold or precious metals can be applied to any term, whether short, medium, and long.

Investments in precious metals or gold-certified could be called the investment the most secure and easy. The reason, increase in value of gold could reach 15-20 percent per year, and inflation was quite stable.

For the stock to retire later Akbar explained, better start from the current budget a total income to specify as much as 30 percent to the cost of living, 30 percent to pay the mortgage or debt, and 30 percent for investment.

“The mindset (mind set) we are about money should be changed. Duit was an illusion, he will become evident when we write the numbers on paper, “he said Akbar with ease.