Protecting the Home

Property ownership for each individual moment is between ideal conditions after having a career and some other assets including cars.

Such mentality also belonged to the younger generation of new work not only on factors desire to own a property itself, but because ownership wanted in advance of rising prices soaring.
Of course they also want to own a home with the best investment.

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However , do not forget the importance of insurance coverage because it is an important element as well as the ability to commit to a monthly loan including the policy premium . According to the CEO of Takaful Ikhlas Sdn Bhd (Takaful Ikhlas ) Ab Latiff Abu Bakar , each year the department received premiums of about RM100 million of public employees and it includes housing policies Clustered Housing Protection Scheme .

He said it is the best policy than individual schemes which charge a premium, six to seven per cent higher than in clusters. He says it is the buyer's responsibility to know the type of house policies available in the market to get the best protection , especially for the long term ."The purpose of a policy on a home is to ensure that the property purchased is theirs if any untoward incident happens to the individuals concerned and also to prevent the load on the receiving bail , " he said.

Ab Latiff said the buyer actually has the right to choose their policies manufacturer and is not bound by the decision of the bank financiers because that way they will have home protection with high satisfaction rate when subscribed to understand the product .
Takaful products appears to have advantages over conventional submitting premium rebates in several situations , including when an individual has a good payment record until the end of the period of coverage and payment completed ahead of the deadline." Conventional policy does not provide for payment of the premium return early and do not have a rebate returns on record ," he said .
Looking at this situation what is important is not only the right buyer and the type of coverage , but persistency own the asset protection against fire and natural disasters such as floods .
" Many policyholders who did not renew funding expires protection policies by buying premium and after the occurrence of untoward incidents them back to the insurance company , " he said. 

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Property insurance safety measures

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Step insuring property has been encouraged by the industry players based on some rationale is needed.

Apparently, the bank also has a similar stance to encourage customers to apply for financing products to also take protection products whether takaful and conventional insurance as it is very important to protect the borrower, heirs and seen not onerous.


President of the Association of Islamic Banking Institutions Malaysia (AIBIM) Datuk Mohd Redza Shah said, most banks in the country to offer mortgage financing is encouraging borrowers to take financial protection products and it is not a mandatory step for approval.

He said these efforts benefit the borrowers of housing and also the bank in the event of any matter that may affect the commitment of installment payments.


"Encourage to take financing protection products is not only focused on housing finance, but if we look at all products that involve loans will be accompanied by protection products as a measure of long-term security to the borrower in the options.


"I do not see taking protection products for financing as a liability to the borrower because most banks can include the cost of financial protection products in the amount of funding that is made with their consent,"

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MH370 loss was not a factor influencing the stock price drops on Bursa Malaysia

 

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External factors , and not the loss of Malaysia Airlines ( MAS ) MH370 , which have influenced the decline in share prices on Bursa Malaysia .

External factors , including the uncertainties of China's economic growth and the ongoing political problems in Ukraine .

Head of Investment Strategy and Chief Economist AMP Capital Investors Dr Shane Oliver said most global stock markets declined last week due to the issue and do not be surprised to see the Malaysian stock market also experienced it.

" While the news is focused on the missing aircraft , the Kuala Lumpur Composite Index ( KLCI ) declined only 1.5 percent, while other Asian markets actually registered a significant decline , " he said.At the close on Friday, shares of Malaysia Airlines gained half a sen to 24 sen .

Oliver was responding to a question whether the loss of the aircraft has affected the Malaysian stock market last week.

"Overall , Malaysia is in a good position in the face of a not so good week for global stocks ." We may see choppy trading next week on KLCI . But this again may be due to the pressure of global powers , including weakness in the shares in the United States and Europe , caused by concerns about Ukraine , " he said.

MH370 aircraft carrying 227 passengers and 12 crew to Beijing lost about an hour after taking off from Kuala Lumpur International Airport at 12:41 am on Saturday.

The plane was supposed to land in Beijing at 6:30 am the same day.

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Commercial debt recovery

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The biggest challenges that the British businesses facing is the late payment. Such efforts have been done to reduce it, but it is still remaining. Some, the government have to interfere and it is still lacking of solution.

Unsurprisingly there has been a considerable amount of publicity surrounding this ongoing burden, and in particular its effect on Britain's small and medium enterprises, often thought of as the backbone of the economy. With pressure mounting, and the repercussions of late payment taking a long time to shift, it is vital that smaller firms are doing all they can to safeguard themselves against it by using a range of credit management techniques.

There are a number of ways that SMEs can attempt to prevent the negative cash flow effects that late payment incurs. A rather obvious example is that they can initially create a clear credit control procedure, frequently overlooked, yet essential for setting up a co-ordinated and professional strategy for any accounts receivables team. Another is making sure that they thoroughly know their customer before committing to offering credit terms. By obtaining all the relevant information it can be extremely useful to get a credit expert to check any credit risk posed to the business.

There are many more credit tips available for small businesses to take advantage of, however should late payment occur it can be practical to outsource the debt recovery.

There are a range of benefits to outsourcing bad debt and the first of these is that a business can save valuable time and resources. As invoices grow older it becomes more difficult for businesses to recover what they're owed and the common result is for business owners to spend valuable time and resources chasing late paying customers. By outsourcing the debt's recovery, the debt collection agency acts quickly to minimise the impact of late payment while the business maintains focus on its growth opportunities.

What many businesses may not know is that commercial debt recovery can be entirely flexible and tailored to its specific requirements. A one-off debt recovery can help for an invoice that's particularly old or highly-valued or an ongoing debt recovery service can allow a business to focus on new debts in the confidence that aged balances are in safe hands. There are a number of other factors that outsourcing bad debt can help with, from legal recoveries to debtor tracing services. With late payment persisting, SMEs don't have to battle debt recovery on their own.

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Secrets for debt free

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A budget is really important. In fact some of the gurus did mentioned a good budget can solve debt. A good budget is spend wisely and don't spend for things that you don't want. The most important in good budget is your principle and attitude in spending.

Too Much Debt- Reject Passivity
Passivity is the mind-set that things will somehow take care of themselves. It's the thinking that somehow if you keep on doing what you are doing, you will get different results. How's that working out for you so far? Things don't magically change for the better. A lottery ticket purchase does not translate to actively fixing your debt problem. You must actively reject passivity. Reject the notion that you are so far in debt that you need to live as long as Moses to get out of debt. That is a weak mind-set which focuses on the past and not on the future. So reject passivity and get your "you-know-what" off the couch.

Accept Responsibility
Take a quick look at your debt. Don't look at the reason(s), just look at the amount. Now accept the responsibility that you either were fully responsible, partly responsible or not responsible at all. But NOW YOU ARE RESPONSIBLE for paying it off. So stop complaining and pointing fingers. Take responsibility and create a plan to get out of debt.

Lead Courageously
This is taking the bull by the horns with a plan in hand with two purposes:
Don't get into any more debt.
Get rid of the debt you have.
Leading means involving others. By that I mean let other close friends know of your plan and keep them routinely apprised of your status. Ask for help if you need it.

Too Much Debt- Invest "Timelessly"
We don't own it all. Another concept that gets tossed under the rug is the notion that we don't own anything really. A reporter asked the wife of the late Mr. E. "How much money did Mr. E Leave?" She responded: "All of it!"

We cannot take it with us. The best we can do is bequeath it to our family, friends or some well-meaning organization. But the question you must wrestle with is: who owns it if I don't. And if I don't own it, how should I be handling all this debt I have accumulated?

Consider taking the posture that you are only the manager of what you have and not the owner. If you are a manager and have to give account for what you have done, then you will treat what you have with more respect.

Below are the summary:
Reject Passivity- Get off the couch
Accept Responsibility- Don't point fingers
Lead Courageously- Make it happen
Invest "Timelessly"- You can't take your money with you when you die.

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