Green i Financial Technology


    You are an owner to a
    BUSINESS ???

    Congratulations !

    Almost all business acquire assets and liabilities.

    Question is do these assets and liabilities benefits your loved ones and your beneficiaries the moment you are out of the business?

    The clock is ticking............................

    It's a known fact that a large percentage businesses do not last more than three generations.Some do not even last a lifetime.That is a sad fact.Being an entrepreneur or owning a business and operating the business to a successful level is not an easy task.It may take a lifetime.The up's and down's are the normal trends facing a business.
    Are you willing to let it all gone to dust........???
    There are a few ways to preserve your business and put it into a continuity perpetuity mode.
    There have been many examples where small business have grown into a huge empire of its own when there is continuity.

    The clock is ticking............................... 

    Green i Financial Technology Sdn Bhd is in the business of CONTINUITY.
    In the coming post we will explore more about continuity.
    Meanwhile have a wonderful day.

  2. Family or Business..........

    Salam and Greetings to all readers of this blog.

    I would like to make an apology to all readers and followers alike for being absent for quite a spell.

    You might have like the one below in life that would affect your financial continuity which is being from from what you are doing now:

    • Managing your own business .
    • Managing your family business.
    • Being employed as a trusted employee.
    • An entrepreneur with years of experience.
    • Just starting your own business. 

     Whatever it is there is one question that come to mind:-
    Are you a family first person or a business first person?

    Lets explore what your response would be if :-

    • You receive a call from a family member during a important meeting .
    • You are going to travel overseas tomorrow and receive a news that a family member is coming over for a visit.
    • Your mom calls and ask you to fetch a family member from the airport and you have an appointment.
    • A family member calls for some financial assistance when you have planned for something else.
    • You are leaving for overseas and would you entrust your business to a family member or an employee............
    The list can go on and on.....
    Email your responses to me.............

  3. Liquid Assets VS Fixed Assets

    Fixed Assets or Cash ?

    Haven't you heard :Liquid or cash is King somebody said some time ago.
    Is that true ?
    Let's look at what are Fixed Assets and Cash ?

    Fixed Assets:                                      
    Your Home
    Real Estate
    Raw Land                                                                       

    Money in the Bank Savings Account                     
    CD's or Fixed Deposits
    Stocks and Shares
    Mutual Funds

    It is good to have cash and better to have a mix of both assets and cash.You would certainly need an amount of cash for short term expenses and emergencies.
    The question how much cash is enough and how much assets should one accumulate at a time?
    There is such a process called asset balancing.
    To do an asset re-balancing ,you need to take inventory of your all your assets,liability and calculate your net-worth.Put in pespective percentages of all these figures.Next look at what is your cash ratio by determining the cash position.As a general rule if you are below 30% of cash equivalent your assets are inbalance.You need to liquidate some assets or increase your cash allocation.Its simple but if it need be you should engage some professional help.
    Good Luck !

    Article by :
    Rodzman bin Abdul Rahim,ChFC,SRFP,RFP
    MD Green i Financial Technology Sdn Bhd

  4. Save Money by Tax Planning
    It's Tax time again just closing at the end of this month.Have you submit your returns???
    It is advisable to do some planning a few months in advance but it's never too late to start now !
    First step:
    Take inventory of all your receipts for your expenditure last year.Do up a personal account statement.This should give you an idea of your actual income and expenses.
    Second Step:
    Categorise all your expenses into deductible and relief allowed by the Tax returns.
    Third Step: 
    Check the Tax hand book (its available for free) for deductibles and relief allowable for current returns to maximise those deductibles and relief by noting the figures and compare them to your accounts by marking those allowable and noting which you might miss out in the accounts by adding them to the allowable figures.
    It's not that difficult, however if you have trouble and you are running a business then things could get complicated. Remember the Tax agent only put in the figures you give him.You must be able to get the accounts done yourself or at least have a simple record of what was your income,personal expenses,business expenses,capital gains or lost,gift and donations before seeing the Tax agent.

    Good luck and if you are still not sure what have gone in and out of your pocket and how do you treat them as far as Tax is concern than get professional help immediately.

    Disclaimer:The above article does not constitute or be liable to effect your tax in anyway nor does it claim as a Tax advise that guarantee of your success to reduce your tax in any way what so ever.We will not be liable in any way should any loss be incurred by you from following the above advice.

    An Article by:
    Rodzman b Abdul Rahim, 
    Chartered Financial Consultant(ChFC)
    Syariah Registered Financial Consultant(SRFP)
    Registered Financial Consultant(RFP)

  5. Making Your Money Work Harder......

    Your MONEY meeting Cost are rising everywhere?

    Is your money working hard enough in every area to cope up with the rising cost?

                                          Do you need to rescue your Money with a life Line ?

    Let's start with the little things that we do daily.
    We fill up gas everyday.
    We do a little shopping here and there.
    Most of us use the Credit or the Credit card or draw money from the ATM.

    When we do these activities the banks charges invisible fees that a lot of us do not take into account as it is negligible.To us it is but to the banks it's big money.
    How about turning the tables around and letting the bank pay us for 
    using their brand ?
    Rule no.1
    Never withdraw cash using your credit card.
    The bank can never charge us for not using this facility
    Rule no.2
    Do all payment due on line or use the ATM.
    We get small discounts at times and save time and money by doing this and make sure you pay all bills on time.
    Rule no.3
    Draw cash on a set day once a week only using your debit or ATM card only.
    By doing this we will never exceed the pre-set maximum limit of number of withdrawals by most banks.  

    Most important remember your monthly credit card due date for payment and never exceed it.Better still pay days in advance.By doing all of the above and by having a positive balance in the credit card even if it's a very very small amount, you are now in a position to have your bank pay you!

    Note that you will need to do some homework to find out if the issuing bank of the credit card pay us for having a positive balance.

    Good luck! and get Lucky all the time.

    This article is a courtesy by:
    Rodzman bin Abdul Rahim, 
    Chartered Financial Consultant,(ChFC),RFP,Syariah RFP,Dip FP

  6. Embrace Islamic Finance and Beware of The Capitalist Trap

    This article was written in 2008 and is worth to re-visit going forward.
    Questions & Answers
    Global Credit Crunch And Wider Implications
    Adnan Khan

    1. What is the financial crisis termed the ‘credit crunch’? What are the potential implications of the financial crisis for the economy?

    The credit crunch crisis is the term given to the crisis which led to banks to stop lending to each other creating a freeze on the financial markets, leading to the collapse of Northern Rock, as one example. There are a number of implications as various aspects of the economy are directly or indirectly linked to the crisis:

    Both the US and the Britain have witnessed debt driven growth other the last decade, this is now coming to an abrupt end.

    • In Britain the economy is worth £1.3 trillion whilst consumer debt is £1.4 trillion

    • The easy availability of credit drove the housing bubble, now the main engine for that - debt is running out of fuel

    2. What are the main causes of the financial crisis?

    There are a number of causes which caused the crisis some a result of other factors and some more important then others:

    The lending of money to high risk customers, with very little chance of them being able to meet the obligations i.e. sub-prime loans.

    • Banks then turning such debt into ‘tradable commodities,’ CDO’s, MBS’s etc. i.e. debt became a product that was brought and sold.

    3. Is the main problem poor homeowners in the USA who couldn’t pay their mortgages or are there more fundamental reasons in the way the financial system works?

    • The financial side of the economy is now the largest sector in Western economies, this has resulted in governments giving huge concessions e.g. the non-regulation of hedge funds, tax breaks and cuts as well as bailouts.

    • The ability of banks and Western governments to continually print money at will, will always create bubbles. For example the US only has $1.4 trillion in circulation, its banks have used that to create a further $11 trillion through fractional reserve banking.

    • The philosophy of Capitalism of perpetual economic growth is actually unsustainable and is what causes the periodic crash, recession and crisis when people’s excesses reach boiling point.

    • Capitalism believes if all people pursue their self-interests/Greed then the right things will get to the people who want them. Greed is seen as a good thing and necessary for Capitalism to work, hence predatory mortgage lending, exuberant interest rates, dodgy credit ratings all show greed.

    4. What has been the response of the governments to address the crisis, is it enough and has it worked?

    Central banks around the world poured money into the markets to shore up the freezing of funds

    • The British govt nationalised Northern Rock which was on the verge of collapse

    • The US govt arranged the eventual sale of Bear Stearns, the 5th largest investment bank in the US when it was on the verge of collapse

    • The US plans on tax rebates in September to a large chunk of the population in the hope the US economy can ‘spend its way’ out of the crisis.

    • The British government cut a deal with the banking sector to the tune of £50 billion where it would swap their bad debts for government money, and then use this as collateral in lending.

    Government actions have lead to the halting of complete economic collapse as was seen with Northern Rock, However with debt having driven the economies in the West in the last decade, this will have series repercussions - potentially a recession

    5. Does the government bailouts not contradict non-interventionist capitalist thought and potentially accentuate the crisis through ‘Moral Hazard.’

    The free market has once again been brought into question; there are many that believe the government should intervene due to market failure. Banks most certainly would not have created toxic products if they knew they would have to face the full consequences of their actions.

    6. Some have suggested greater regulation and transparency will this work?

    This is the standard answer after every crisis; regulation on lending was brought in after the great depression, the stock market crash of 1987 brought in more regulation. No amount
  7. Start the New Year with 'a' GiFT for your Business

    Greetings from GiFT 

     wishing all our members and readers a 
    Wealthy and Healthy year 2013
    GiFT starts the new year with being highlighted in the local news.

    Published in Utusan Malaysia on the 3rd January 2013
    Uplift your Business Integrity with 
    GiFT Business Continuity Program(BCP) 

    Published in Utusan Malaysia on the 3rd January 2013
    'BCP' Expensive for your business if not properly done 

    Posted by:
    Rodzman Abdul Rahim,
    Chartered Financial Consultant,(ChFC),
    Registered Financial Planner(RFP)

    A TRUE Financial Planner DOES NOT PEDDLE/SELL any product from any Takaful ,Insurance,Unit-trust or Will writing Company.
    Sadly IN MALAYSIA the true independent Financial Planners that are Exclusive Skilled Qualified Professionals do not receive the attention of the regulators.  

    People enlist the help of a financial planner because of the complexity of performing the following:
    Providing financial security and ensuring that all goals of personal finance are met
    Finding direction and meaning in one's financial decisions;
    Understanding how each financial decision affects other areas of finance; and
    Adapting to life changes to feel more financially secure.

    The best results of working with a comprehensive Independent financial planner, from an individual client or family's perspective are:
    To create the greatest probability that all financial goals (anything requiring both money and planning to achieve) are accomplished by the target date, and
    To have a frequently-updated sensible plan that is proactive enough to accommodate any major unexpected financial event that could negatively affect the plan, and
    To make intelligent financial choices along the way (whether to "buy or lease" whether to "refinance or pay-off" etc.).

    The client should establish that the planner is competent and worthy of trust, and will act in the client's interests rather than being primarily interested in selling the client financial products for his own benefit. 
    As the relationship unfolds, an individual financial planning client's objective in working with a comprehensive independent financial planner is to clearly understand what needs to be done to implement the financial plan created for them. 

    A financial planner's step-by-step written IMPLEMENTATION PLAN of ACTION items, created after the plan is completed, HAS MORE VALUE to many clients than the plan itself. The comprehensive written lifetime financial plan is a technical document utilized by the financial planner, the written implementation plan of action is just a few pages of action items required to implement the plan; a much more "usable" document to the client.

    Article by:
    Rodzman AR
    Chartered Financial Consultant,ChFC,
    Shariah Registered Financial Planner,SRFP,
    Registered Financial Planner,RFP.

  9. Fattening Your Savings
    Let's FATTEN your SAVINGS

    Rule No.1
    Buy only what you need not what you want.
    We have to make sure if its a need or a want ? A need is something that we could not live by on to another day.All you need are basic necessities like food on the table,heat,normal clothing,basic transport and of course health.
    Other that THINK hard before making that purchase .....

    Rule No.2
    Buy only with the passive money.
    If you have no money to spare do not buy anything that you do not need.If you really want to,then use money from dividends coming from investments or from savings created specifically for future purchases.

    Rule No.3
    Never use money borrowed from the bank.
    These days we tend to spend from the credit given to us by the bank either by easy payments schemes,personal loans,or credit cards.Like it or not as good as it seems on offers,look out for hidden charges from fine prints that most of us never take time to read.

    Rule No.4
    If you are not sure refer to Rule No.1
    Do some window shopping if you really go crazy over something that you want.Do not buy anything but just have a good night sleep and the next morning see how we have gone without it and still survive !
    Still not sure go back to RULE No.1

    Article by Contributed by:
    Rodzman AR,
    Chartered Financial Consultant (ChFC),
    Syariah RFP,
    Registered Financial Planner ( RFP )
  10. Beware of the CC Trap.....................

    It's been a great week and in Malaysia we are having another week with almost alternate days of holidays.
    That's where you will see signs of SALES every corner of the road with big discounts.
    Only buy what you need with cash available and never never use money from your credit card although it may very,very tempting.
    The twist to personal finance management is always a challenge during this time of the year where its festive season all over the world.
    The trick is to manage your personal just like a small business.
    Income - Expenses = Profit                    

    Profit in a personal capacity means surplus.If there is a deficit than my friend you might be at the mercy of the bank or worst the 'loan sharks' these days the plastic cards known as THE CREDIT card.

    • Have a business
    • Thinking of quitting your job
    • Thinking of Retirement
    • Starting a Business                                           
    • Lots of Money 
    • Lots of Assets and cash Poor
    • How to stop working with lots of cash reserves
    • Risk mitigation using Takaful or Self Insured
    • Estate Distribution woes
    • Stuck and no Financial Map
    • Problems in personal finance    
          You may have tons of issues. Let's pause ,take a look, analyse and see how we could help you !

    Need help!

    Give me a twit or visit us at http//
  11. Succession Planning and Its Impact on the Performance of Small Micro Medium Enterprises within the Manufacturing Sector in Johannesburg

    The study found that there was a gap between perceived and actual status of succession planning in the SMMEs studied. It further revealed that there was no preference to recruiting from outside versus developing inside talent in preparation for succession planning. This finding can provide guidance to other SMME owners while making their succession planning, while it provides opportunities for managers. Most of the top managers surveyed indicated that they will be retiring in next 5 years and indicated that company had no succession plan or exist strategy. This finding has serious implications for the SMMEs studied and must take succession planning very seriously, otherwise they will come to a halt suddenly when the leadership leaves the enterprise for whatever reason, either due to natural death or otherwise. SMMES studied did not put plans in place to groom, train and develop top managers. As a way forward some strategies that can be followed to address the key variables are:

    Business Strategy: An organisational structure should be implemented so that employees know who is next in line and what is expected of them, so that if anything is to happen to top management that company can still carry on. Exiting top management and shareholders should have contingency plans in place to ensure that the business can outlive them and that they have a proper exit strategy in place to carry over shares to the new management or new shareholders. The business strategy can add great value to a company if it needs to be sold.

    Skills development: Identified top managers should be groomed and developed to ensure that they know what is expected to fill the vacant positions. It is of paramount important to ensure that these potential managers are fitted with all the necessary knowledge and skills to manage the top management of their companies.

    Succession Planning: Implementing a formal succession plan is very important to ensure that all aspects have been looked at if something is to happen. The succession plan should also be reviewed annually to ensure managers’ suitability for positions and to ensure that all aspects have been accounted for. In conjunction to a good succession plan it is also necessary to have a good performance management system to ensure that potential top managers are identified from within or to see were individuals can be improved or where skills should be recruited from outside. Duties should be delegated in such a way that the business can operate if one or more key persons are absent thus employees should be multifunctional and flexible.

    It is evident from this study that the manufacturing sector has not changed from those recorded in earlier studies. The conclusion from this study served as a wakeup call to the SMMEs which took part.

    The gaps that can be observed in the two preceding graphs show the perceived importance of the variables by the companies and what is actually implemented. The significance gap level of 0.5 was used and the following findings were made in respect of each variable:

    Business Strategy: There was a gap of 0.73 in respect to what the companies perceived to what is to their advantage and what they are implementing. This variable represented the statements in regard to the company’s utilization of an exit strategy for their shareholders and top management, and whether their succession planning is aligned with the business strategy that they follow. It can be inferred that the respondents perceives highly of what needs to be done but the implementation is not up to the level expected.

    Governance: There was no significant gap between responses in regards to the companies’ governance. The GAP is very small so the assumption can be made that respondents implemented governance measures according to what they perceive as good practice. Governance is used to see in what way the business is controlled by shareholders, procedures and managers.

    Skills development: The study established that there was a gap of 0.53 in regard to the implementation and perceived advantage of skills development. Skills development
  12. 'The Economy Stole My Retirement'


    Danny Sullivan dreams of gardening and spending time with his grandchildren, but that's just a fantasy. Retirement is out of his reach, at least for the foreseeable future.
  13. Listening to Complainers Is Bad for Your Brain

    Exposure to nonstop negativity actually impairs brain function. Here's how to defend yourself.
    baby crying
    Do you hate it when people complain? It turns out there's a good reason: Listening to too much complaining is bad for your brain in multiple ways, according to Trevor Blake, a serial entrepreneur and author of Three Simple Steps: A Map to Success in Business and Life. In the book, he describes how neuroscientists have learned to measure brain activity when faced with various stimuli, including a long gripe session.
    "The brain works more like a muscle than we thought," Blake says. "So if you're pinned in a corner for too long listening to someone being negative, you're more likely to behave that way as well."
    Even worse, being exposed to too much complaining can actually make you dumb. Research shows that exposure to 30 minutes or more of negativity--including viewing such material on TV--actually peels away neurons in the brain's hippocampus. "That's the part of your brain you need for problem solving," he says. "Basically, it turns your brain to mush."
    But if you're running a company, don't you need to hear about anything that may have gone wrong? "There's a big difference between bringing your attention to something that's awry and a complaint," Blake says. "Typically, people who are complaining don't want a solution; they just want you to join in the indignity of the whole thing. You can almost hear brains clink when six people get together and start saying, 'Isn't it terrible?' This will damage your brain even if you're just passively listening. And if you try to change their behavior, you'll become the target of the complaint."
    So, how do you defend yourself and your brain from all the negativity? Blake recommends the following tactics:
    1. Get some distance
    "My father was a chain smoker," Blake confides. "I tried to change his habit, but it's not easy to do that." Blake knew secondhand smoke could damage his own lungs as well. "My only recourse was to distance myself."
    You should look at complaining the same way, he says. "The approach I've always taken with complaining is to think of it as the same as passive smoking." Your brain will thank you if you get yourself away from the complainer, if you can.
    2. Ask the complainer to fix the problem
    Sometimes getting distance isn't an option. If you can't easily walk away, a second strategy is to ask the complainer to fix the problem.

    3. Shields up!
    "Try to get the person who's complaining to take responsibility for a solution," Blake says. "I typically respond to a complaint with, 'What are you going to do about it?'" Many complainers walk away huffily at that point, because he hasn't given them what they wanted, Blake reports. But some may actually try to solve the problem.
    When you're trapped listening to a complaint, you can use mental techniques to block out the griping and save your neurons. Blake favors one used by the late Spanish golfer Seve Ballesteros during a match against Jack Nicklaus--a match the crowd wanted Ballesteros to
  14. 12 Tasks That Killer Employees Always Finish Before Noon

    A recent study published in an American Psychological Association journal, Emotion, suggests that early birds are generally happier than night owls.
    More than 700 respondents, ranging from ages 17 to 79, were surveyed and asked about their emotional state, health, and preferred time of day.
    Self-professed "morning people" reported feeling happier and healthier than night owls. Researchers hypothesize that one of the reasons could be because society caters to a morning person's schedule.
    It's certainly true that the working world does. Working "9-to-5" is more than an expression, but a standard shift for many Americans. It also stands to reason that those who like rising with the sun are also the most productive employees in the office.
    Do you want to be more like them? Then take note of the tasks these high-functioning, productive, and more awake employees have completed before lunch:
    1. They make a work to-do list the day before. Many swear by having a written to-do list, but not everyone agrees on when you need to compose it. According to Andrew Jensen, a business efficiency consultant with Sozo Firm in Shrewsbury, Pa., the opportune time to plan a day's tasks is the night before. "Some people like to do the to-do schedule in the morning, but then they might have already lost office time writing it out," he says. "It helps to do that to-do schedule the night before. It also will help you sleep better.
    2. They get a full night's rest. Speaking of sleeping better ... lack of sleep affects your concentration level, and therefore, your productivity. Whatever your gold standard is for a "good night's rest," strive to meet it every work night. Most health experts advise getting a minimum eight hours of shut-eye each night.
    3. They avoid hitting snooze. Petitioning for nine more minutes, then nine more, then another nine is a slippery slope that leads to falling back asleep and falling behind on your morning prep. Ultimately it also leads to lateness. "Anyone can be made into a morning person," Jensen says. "Anyone can make morning their most productive time. It could be that for the entire week, you set your alarm clock a little bit earlier, and you get out of bed on the first alarm. It may be a pain at first, but eventually you'll get to the point where you're getting your seven to eight hours of sleep at night, you're waking up with all your energy, and accomplishing the things around the house you need to before going to the office."
    4. They exercise. Schedule your Pilates class for the a.m. instead of after work. "Exercise improves mood and energy levels," Jensen says. Not only that, but "there have been studies done on employees who've exercised before work or during the work day. Those employees have been found to have better time-management skills, and an improved mental sharpness. ... Those same studies found these workers are more patient with their peers."
    5. They practice a morning ritual. Jensen also recommends instituting a morning routine aside from your exercise routine. Whether you opt to meditate, read the newspaper, or surf the Web, Jensen says "it's important to have that quiet time with just you."
    6. They eat breakfast. Food provides the fuel you'll need to concentrate, and breakfast is particularly important since it recharges you after you've fasted all night. Try munching on something light and healthy in the morning, and avoid processed carbs that could zap your energy.
    7. They arrive at the office on time. This one is obvious, right? Getting a full night's rest and keeping your sticky fingers off the snooze button should make No. 7 a cakewalk. If you're not a new employee, then you've already figured out the length of your average commute. Allot a safe amount of time to make it to work on schedule.
    8. They check in with their boss and/or employees. We all know the cliche about the whole only being as good as the sum of its parts. In other words, if your closest work associates aren't productive, then neither are you. Good workers set priorities that align with their company's goals, and they're transparent about their progress.
    9. They tackle the big projects first. You can dive right into work upon arriving in the office, since you made your to-do list the night before. And Jensen suggests starting with the hardest tasks. "Don't jump into meaningless projects when you're
  15. For Those Who Want to Lead, Read
    by John Coleman

    When David Petraeus visited the Harvard Kennedy School in 2009, one of the meetings he requestedwas with author Doris Kearns Goodwin. Petraeus, who holds a PhD in International Relations from Princeton, is a fan of Team of Rivals and wanted time to speak to the famed historian about her work. Apparently, the great general (and current CIA Director) is something of a bibliophile.
    He's increasingly an outlier. Even as global literacy rates are high (84%), people are reading less and less deeply. The National Endowment for the Arts (PDF) has found that "[r]eading has declined among every group of adult Americans," and for the first time in American history, "less than half of the U.S. adult American population is reading literature." Literacy has been improving in countries like India and China, but that literacy may not translate into more or deeper reading.
    This is terrible for leadership, where my experience suggests those trends are even more pronounced. Business people seem to be reading less — particularly material unrelated to business. But deep, broad reading habits are often a defining characteristic of our greatest leaders and can catalyze insight, innovation, empathy, and personal effectiveness.
    Note how many business titans are or have been avid readers. According to The New York Times, Steve Jobs had an "inexhaustible interest" in William Blake; Nike founder Phil Knight so reveres his library that in it you have to take off your shoes and bow; and Harman Industries founder Sidney Harman called poets "the original systems thinkers," quoting freely from Shakespeare and Tennyson. In Passion & Purpose, David Gergen notes that Carlyle Group founder David Rubenstein reads dozens of books each week. And history is littered not only with great leaders who were avid readers and writers (remember, Winston Churchill won his Nobel prize in Literature, not Peace), but with business leaders who believed that deep, broad reading cultivated in them the knowledge, habits, and talents to improve their organizations.
    The leadership benefits of reading are wide-ranging. Evidence suggests reading can improve intelligence and lead to innovation and insight. Some studies have shown, for example, that reading makes you smarter through "a larger vocabulary and more world knowledge in addition to the abstract reasoning skills." Reading — whether Wikipedia, Michael Lewis, or Aristotle — is one of the quickest ways to acquire and assimilate new information. Many business people claim that reading across fields is good for creativity. And leaders who can sample insights in other fields, such as sociology, the physical sciences, economics, or psychology, and apply them to their organizations are more likely to innovate and prosper.
    Reading can also make you more effective in leading others. Reading increases verbal intelligence (PDF), making a leader a more adept and articulate communicator. Reading novels can improve empathy and understanding of social cues, allowing a leader to better work with and understand others — traits that author Anne Kreamer persuasively linked to increased organizational effectiveness, and to pay raises and promotions for the leaders who possessed these qualities. And any business person understands that heightened emotional intelligence will improve his or her leadership and management ability.
    Finally, an active
  16. Selamat Hari Raya Aidilfitri 2012
    e kad raya 2012
  17. Overlooking disability insurance can be costly

    CHICAGO (AP) — Long-term disability insurance is the forgotten insurance.
    The importance of auto, health, homeowners and life insurance is well known. But disability coverage, which replaces lost earnings if you can't work, tends to be ignored — until you need it.
    Government studies show that a 20-year-old worker has a 30 percent chance of becoming disabled before reaching full retirement age. Yet only about a third of employees in private industry have long-term disability insurance, according to the Bureau of Labor Statistics.
    "It could be argued that the disability of a breadwinner is worse than the death of a breadwinner," says James Hunt, insurance actuary for the Consumer Federation of America, "because the disabled person is still soaking up money."
    That's why it makes sense to purchase individual coverage if you're self-employed -- or not covered sufficiently or at all by your employer.
    A look at what you need to know about disability insurance:
    Q: How does disability insurance work?
    A: Disability insurance protects from a loss of income resulting from an inability to work due to an accident or illness. You typically receive disability checks starting three to six months after you become unable to work.
    There are three sources of this coverage: The Social Security Administration, employers and private insurers.
    — Social Security Disability Insurance is the bedrock protection against disability. About 153 million workers are insured by the program through FICA taxes. But it has a very strict definition of disability and it can take two years or more to be approved for benefits.
    — Many employers offer disability coverage through a group plan, which pays a specified portion of your salary.
    — Private insurance coverage is most often sought out by high-income professionals such as doctors and lawyers who have made a huge investment in their earnings potential; self-employed workers, and executives looking for supplemental coverage.
    Q: Do you need to buy coverage if you receive disability insurance through your employer?
    A: It depends whether you could get by on the benefit checks. A typical group plan replaces just 40 percent to 60 percent of your salary, up to a maximum $5,000 a month or $60,000 a year. And if the employer pays your premiums, the checks will be taxable.
    Benefits can last for either a set number of years or until retirement age. Check your plan's details closely. Company benefits have been steadily shrinking in recent years. Group policies often limit the duration of benefits to only two years if you can't perform your job duties.
    If your policy looks insufficient, ask your employer whether you can pay for additional coverage. Otherwise, consider getting extra insurance from a private insurer to extend the duration or bring the coverage up to 70 percent or 80 percent of income.
    Q: Why can't you count on Social Security Disability Insurance to cover your needs if you are disabled?
    A: The average disability benefit is just $1,111 a month, based on payments by the Social Security Administration this month to 8.8 million beneficiaries. And you only qualify for it if you are unable to work in any capacity, not just at your chosen occupation. A list of conditions that are considered disabling is available by doing a search for "disability evaluation" at the agency's website, .
    Q: What should you look for in a policy?
    A: If you have a highly specialized job or can simply afford to pay the premiums, it's worth paying extra to have an "own occupation" policy. This coverage pays benefits if you are unable to perform the major duties of your own occupation. To trim some of the costs, it may be advisable to obtain "own occupation" coverage for one or two years and "any occupation" coverage after that.
    The length of benefits is key, and will affect the cost of premiums significantly. Some policies pay benefits until age 65 or until your full retirement age for Social Security benefits, others for two or five years. Seek out a non-cancellable policy.
    You probably also want a policy that will pay "residual" benefits, which will compensate for a decline in income if you are able to work at a new job that pays less.
    Q: How much does disability insurance cost?
    A: Prices vary based on age, gender, occupation, amount of coverage and health status. Check with a broker to get quotes from at least three different insurers.
    For someone who does not have coverage at work, a plan with all the extras including inflation protection costs roughly 2 percent to 2.5 percent of annual salary for a man, and 3 percent to 4
  18. Understanding what,where,why,when,and how for your Personal Financial Plan.
    Question 1: Overall, which of the following is the best source of investment advice?
    The first result returned by search engines while searching for stock tips
    An anonymous email
    The financial section of the New York Times
    A discussion between financial advisers that you overheard while at your bank

    Question 2: Which type of brokerage firms will likely provide the lowest cost of buying, selling and owning shares of a public company?
    A small brokerage firm for high worth investors
    A full service brokerage firm
    A discount brokerage firm

    Question 3: If you bought shares in a mutual fund through a full service broker and the mutual fund lost 40% of its value, who will support the loss?
    You, as the owner of the mutual fund shares
    The mutual funds company, as the decision maker of its investments
    The full service broker, as the company that recommended the mutual funds purchase
    FDIC, as the insurer of the full service broker

    Question 4: In which of the following situations will you be less likely to be asked your Social Security Number?
    You apply for collection of social security benefits
    You purchase a car with no financing
    You apply for a job
    You apply for a credit card

    Question 5: If each of the following persons had the same amount of take home pay, who would need the greatest amount of life insurance?
    John, a 30 years old man with no children
    Dan, a single man with one young child
    Mike, a retired man with two adult children
    Mark, 50 years old single man with no children

    Question 6: If your car was damaged in a flood, which type of automobile insurance would typically cover the damage to your car?

    Press the Submit button to see the results.

    Free personal finance quizzes provided by Money Quiz.
  19. Menyentuh hal perancangan kewangan, kita harus tahu akan kepentingannya dalam menerajui kejayaan sesebuah syarikat. Perancangan kewangan dipercayai menjadi tulang belakang kepada perniagaan yang berjaya di mana jika syarikat berjalan tanpanya, maka syarikat akan kehilangan cengkaman kewangan.  

    Syarikat yang berjalan dalam pelan kewangan yang kukuh mampu menangani tindakan yang baik dan persediaan untuk membuat senarai gaji @ dalam akaun yang belum/perlu dibayar. Isu sebaliknya, syarikat terkemuka pun mungkin akan mengalami masalah apabila tiba masa senarai gaji perlu dilakukan sekiranya perancangan kewangan yang kukuh tiada dalam organisasinya. Oleh demikian, pelan kewangan adalah sangat membantu bagi pemilik syarikat untuk menghadapi masa sukar dan cemerlang dalam tempoh masa yang baik.

    Antara perkara penting yang perlu diberi perhatian serius terutamanya apabila berkaitan dengan kejayaan kewangan dalam perniagaan. Pertama, setiap perniagaan mesti mempunyai pengalaman jatuh bangun dan cara pemilik syarikat mengendalikan rintangan tersebut merupakan kunci yang membezakan mereka dengan syarikat-syarikat yang gagal.

              Rancangan kewangan yang baik dan sesuai berguna untuk menghadapi keadaan tertentu seperti; apabila syarikat berhadapan dengan hutang terkumpul dan kenaikan kos. Jadi, bagi menjangka keadaan pada masa depan, syarikat perlu menyediakan pelan kewangan terlebih dahulu. Kejayaan kewangan sesebuah syarikat dikenalpasti apabila penetapan matlamat dan disertai dengan permainan peranan utama.

    Kedua, berkaitan dengan organisasi. Ia merujuk kepada kewangan organisasi, bermaksud mustahil untuk sesebuah syarikat terus hidup/beroperasi tanpa mempunyai kewangan. Jadi, sesebuah syarikat perlulah merangka dan menubuhkan pelan kewangan dari awal dan tindakan seterusnya seperti menyemak dan mengemaskini rancangan setiap suku tahun. Hal ini penting dalam memastikan syarikat itu berada dalam landasan yang betul dan terancang.

    Ketiga, juga penting iaitu di mana syarikat perlulah mampu menganggarkan pendapatan bagi tempoh akan datang. Tanpa anggaran, syarikat kemungkinan gagal dalam memastikan semuanya berjalan di atas landasan yang betul. Seterusnya, kepelbagaian juga memainkan peranan penting dalam kejayaan kewangan syarikat. Antara aliran/corak pasaran perniagaan yang ceruk, perancangan kewangan boleh menjadi amat berkesan terutamanya apabila ia difokuskan pada pembuatan pelaburan keuntungan ke dalam portfolio yang pelbagai. Dengan cara ini, syarikat akan diberi satu lagi aliran pendapatan yang berpontensi. 

    Sumber: Trade Martes – The Global Business News and Strategy. 

  20. Merancang Harta Bahagian 4


    Wakaf dari segi bahasa merupakan satu penahanan manakala dari sudut teknikalnya wakaf merupakan pemberian yang tidak boleh dibatalkan, yang dibuat secara nyata atau secara tersirat untuk tujuan kebajikan bagi mendapatkan pahala daripada ALLAH.

    Hadith berikut dipetik daripada Sahih al Bukhari (Jilid 4 Bab.29. Ms. 27) mencatatkan authoriti membuat wakaf.
    "Diriwayatkan oleh Ibn Umar. Ketika Umar mendapat sebidang tanah di Khaibar (melalui peperangan), dia telah bertanya kepada Rasulullah, Aku dapat satu tanah di Khaibar, aku belum pernah dapat tanah yang lebih berharga daripada tanah tersebut, apakah nasihatmu kepadaku? Maka sabda Rasulullah "Kalau kamu mahu, simpanlah ia sebagai wakaf untuk digunakan bagi tujuan kebajikan." Maka, Saidina Umar pun memberi tanah tersebut untuk kebajikan kepada fakir, kaum kerabat, hamba abdi, tetamu-tetamu dan orang yang bermusafir dengan syarat tanah tersebut tidak dijual, tidak dihibah, dan tidak diwarisi. Tidak menjadi kesalahan bagi orang yang mentadbirnya untuk memakan dan memberi makan kepada orang lain daripada hasilnya sekadar keperluannya dengan syarat dia tidak menjadikan tanah tersebut hartanya"


    • Wakaf Ahli ( Keluarga / khusus / khas) atau dikenali juga sebagai waqaf zurri

    Wakaf Khas
    Waqaf yang menjadi milik kepada mereka yang ditentukan dalam konteks waqaf. Dalam waqaf ini mereka sajalah yang berhak untuk mendapat faedah dan kegunaan waqaf tesebut. Waqaf ini biasanya ditujukan kepada kaum keluarga sendiri, alim ulama dan orang – orang tertentu.

    • Wakaf Khairi (umum)

    Waqaf umum ialah waqaf yang bersabit denagn nas al-Quran dan hadith, ia bertujuan untuk mendapat pahala dari Allah, beramal Jariah untuk fakir miskin dan juga untuk berjihad ke jalan Allah. Penerimanya adalah terdiri dari golongan fakir miskin atau badan kebajikan.
    Waqaf jenis ini tidak memerlukan kepada akaun penerimaan bahkan ia terus menjadi milik Allah. Harta waqaf ini akan dikendalikan oleh pemerintah dan dimanfaatkan kepada saluran-saluran kebajikan.
    Waqaf jenis ini juga dapat menikmati secara meluas oleh masyarakat dan sebahagiannya dapat merupakan salah satu sumber pembiayaan kegiatan pembinaan ummah samada dalam bidang sosial, ekonomi, pendidikan dan lain-lain.

    • Wakaf Mustarak ( Campuran antara Ahli dan Khairi)

    Waqaf ini merupakan campuran antara waqaf ahli yang khusus dan waqaf khairi yang umum. Misalnya waqaf tanah pertanian yang sebahagian dari hasilnya ditujukan untuk anak-anak cucu sementara sebahagian lagi untuk tujuan umum.
    Setengah daripada waqaf jenis ini telah
    menimbulkan masalah perpecahan harta yang melahirkan kerosakan dan lain-lain. Oleh itu setiap bahagian waqaf tersebut akan mengambil kedudukan serta hukum khusus samada sebagai waqaf ahli atau khairi.


    1) Pewakaf
    2) Barang yang diwakafkan
    3) Penerima wakaf
    4) Lafaz wakaf


    • Tidak boleh diberi hakmilik

    Tanah wakaf tidak boleh dijual, dihibah dan dipusakai tetapi jika perlu, pemegang kuasa seperti qadi, wakil ataupun sultan berhak memberi milik/ kuasa kepada sesiapa sahaja sebagai pemegang amanah tunggal bagi semua wakaf.

    • Hakmilik Allah s.w.t.

    Sesuatu tanah wakaf yang telah sempurna dan sah di sisi Syarac tidak boleh lagi diganggu gugat atau dipindahkan atau dimusnahkan kerana tanah wakaf tersebut telah berpindah milik daripada pewakaf kepada hakmilik Allah s.w.t.

    • Berkekalan

    Wakaf dianggaap sah kerana ianya berkekalan, biarpun setelah keluarga tiada. Walau bagaimanapun, faedah wakaf itu akan berpindah pula kepada keluarga yang terdekat.

    • Pemegang Amanah

    Mereka itu mestilah mempunyai akhlak dan pekerti yang tinggi serta baik budi bahasanya dan berkelayakan atau berkeahlian untuk dilantik sebagai wakil termasuk menjalankan setiap arahan yang terdapat di dalam suratcara wakaf dan tidak boleh diingkari.


    Semoga dengan perkongsian ini dapat membantu anda menambah ilmu pengetahuan dalam perancangan harta pusaka Islam disamping menjamin keharmonian keluarga. Merancang harta sebagai bekalan kehidupan di akhirat mesti diurus dan dirancang semasa hidup lagi. Sebagaimana yang pernah berlaku pada zaman Rasulullah s.a.w, Baginda telah mengarahkan sahabat yang ingin pergi...

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