In the language of financial family, "time is money." When you pause the financial decisions that must be taken so this can damage you, but when you do it earlier, this can provide welfare. True so? All decisions are in your hands.
Ric Edelman, financial planners on the United States, mentioned in the book titled The Truth about Money, at least there are four major issues that make people fail to create a prosperous life as they expect, namely:
1. Attitude procrastinator temporize (procrastination);
2. Spend habits (Spending need to know);
3. Inflation increased (inflation); and ...
4. Number (Taxes)
The first two things mentioned Edelman is a more personal / private, while the other two can be considered as the "social". Or can also be said that the first two obstacles are the factors "internal", while the other two are "external".
Factors "internal" to be addressed and resolved on a personal level. Attitude procrastinator temporize financial planning, is the main factor failure to achieve prosperous life in the future. Delaying financial planning in order to prepare the cost of education of children, for example, can be affected when viewed in the long term. As a result, the children we love may be losing the opportunity to enjoy the learning process in the institutions of good quality because of cost limitations. In the case of the preparation of pension funds is also the same. They are not much further away-day - ideally in the range of 30-40 year time period before the pension - can be distressing other parties (both family and government) in the future.
Different factors with the "internal" which is a more personal responsibility, the "external" related to social and economic conditions of a country. Not many people can affect the level of inflation and set the matter of taxation in the country. This is influenced by many factors poleksosbudhankam a very complex, which can even exceed the ability of a government since relations in the regional scale-up of international global. That may be made by individuals in overcoming this is to anticipate the various possibilities that will appear with the interesting lessons from the history of the past. This means that, even though inflation and taxes, we can not control, but we can still determine the personal attitudes towards this.
Expensive costs that must be paid!
Time is the biggest factor in determining the value of money. A, you save as much as Rp10 million, with 8 percent interest per year / net. In one year ahead of you will expect the value of your investment will be greater than Rp10 million in value or grow into Rp10.800.000. When you save it under a pillow, then the value of Rp10 million will still be worth Rp10 million a year. While I may be reduced because of inflation.
The most important findings in the history of finance is compound interest (compound interest). Principles of compound interest is the interest that the results obtained from the investment will be added back to the initial investment and dibungakan back. So the results you will get in future years not only from the initial investment that you place but also from interest generated during the invested money.
Let's see the actual calculations. As the above example, if you save as much as Rp10 million, with 8 percent interest per year / net. One year ahead value Rp10.800.000 grow into. You continue menginvestasikannya. Once the second year running, then you will get 8 percent profit again, but not from the value of Rp10 million but the value of Rp10, 800,000 or at the end of the second year the value of ivestasi you will be increased to Rp11, 664,000. The longer the investment period, the value of your investment will also increase interest rates in line with the flower.
How is the level of tribes that you get from the investment made, the time will provide a level of extraordinary. But with interest rates higher just one point, the value of the benefits that may be obtained will be much increased.
Andi aged 25 years, 35 years old Tuti, and Anto 45 years. Pension for them is diusia 55 years. See the development of investment which they do every month amounting to Rp1 million, with interest rate of 8 percent. In real life, the tax effect and lower the amount of profit that you can get.
Clearly visible from the top of the table, the price must be paid as a result of delay is very expensive habit. When you pause of 10 years (your current age 25), with the value of the investment Rp100 million and the assumption of interest to 6 percent, at the age of 55 years, you only get funds around Rp320 million. When the exercises, you can not get around Rp574 million.
The only action you should take is to make financial planning a comprehensive family now. Do not delay anymore, whatever your age now. Because delaying a decision about the family finances to be paid expensive in the future.
Take action, now ...!
Writing: M. Ihsan, Lecturer BINUS and also a financial planner
Ric Edelman, financial planners on the United States, mentioned in the book titled The Truth about Money, at least there are four major issues that make people fail to create a prosperous life as they expect, namely:
1. Attitude procrastinator temporize (procrastination);
2. Spend habits (Spending need to know);
3. Inflation increased (inflation); and ...
4. Number (Taxes)
The first two things mentioned Edelman is a more personal / private, while the other two can be considered as the "social". Or can also be said that the first two obstacles are the factors "internal", while the other two are "external".
Factors "internal" to be addressed and resolved on a personal level. Attitude procrastinator temporize financial planning, is the main factor failure to achieve prosperous life in the future. Delaying financial planning in order to prepare the cost of education of children, for example, can be affected when viewed in the long term. As a result, the children we love may be losing the opportunity to enjoy the learning process in the institutions of good quality because of cost limitations. In the case of the preparation of pension funds is also the same. They are not much further away-day - ideally in the range of 30-40 year time period before the pension - can be distressing other parties (both family and government) in the future.
Different factors with the "internal" which is a more personal responsibility, the "external" related to social and economic conditions of a country. Not many people can affect the level of inflation and set the matter of taxation in the country. This is influenced by many factors poleksosbudhankam a very complex, which can even exceed the ability of a government since relations in the regional scale-up of international global. That may be made by individuals in overcoming this is to anticipate the various possibilities that will appear with the interesting lessons from the history of the past. This means that, even though inflation and taxes, we can not control, but we can still determine the personal attitudes towards this.
Expensive costs that must be paid!
Time is the biggest factor in determining the value of money. A, you save as much as Rp10 million, with 8 percent interest per year / net. In one year ahead of you will expect the value of your investment will be greater than Rp10 million in value or grow into Rp10.800.000. When you save it under a pillow, then the value of Rp10 million will still be worth Rp10 million a year. While I may be reduced because of inflation.
The most important findings in the history of finance is compound interest (compound interest). Principles of compound interest is the interest that the results obtained from the investment will be added back to the initial investment and dibungakan back. So the results you will get in future years not only from the initial investment that you place but also from interest generated during the invested money.
Let's see the actual calculations. As the above example, if you save as much as Rp10 million, with 8 percent interest per year / net. One year ahead value Rp10.800.000 grow into. You continue menginvestasikannya. Once the second year running, then you will get 8 percent profit again, but not from the value of Rp10 million but the value of Rp10, 800,000 or at the end of the second year the value of ivestasi you will be increased to Rp11, 664,000. The longer the investment period, the value of your investment will also increase interest rates in line with the flower.
How is the level of tribes that you get from the investment made, the time will provide a level of extraordinary. But with interest rates higher just one point, the value of the benefits that may be obtained will be much increased.
Andi aged 25 years, 35 years old Tuti, and Anto 45 years. Pension for them is diusia 55 years. See the development of investment which they do every month amounting to Rp1 million, with interest rate of 8 percent. In real life, the tax effect and lower the amount of profit that you can get.
Clearly visible from the top of the table, the price must be paid as a result of delay is very expensive habit. When you pause of 10 years (your current age 25), with the value of the investment Rp100 million and the assumption of interest to 6 percent, at the age of 55 years, you only get funds around Rp320 million. When the exercises, you can not get around Rp574 million.
The only action you should take is to make financial planning a comprehensive family now. Do not delay anymore, whatever your age now. Because delaying a decision about the family finances to be paid expensive in the future.
Take action, now ...!
Writing: M. Ihsan, Lecturer BINUS and also a financial planner
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