First, Term Insurance. This product allows you to receive protection for a certain period. In practical terms, the benefits of protection will only be paid to you or your family if you die or suffer permanent disability during the coverage period.

Whatever your fixed income, first set aside for savings: emergency fund targets ranged 4-12 times from the monthly expenses and monthly savings deposits to achieve this target approximately 5-10% of gross income, insurance: health and accident/soul with a deposit premium monthly approximately 4-8% of gross income, and investment: deposit monthly investments ranging 10% -30% of gross income, and then allocated to the other expenses.

Learn to choose the right type of investments is urged to do. And on the other side wants to make money work for us are enormous. There are four basic principles that need to be evaluated before investing: the investor age, investment goals, time frame/investment and risk profile. There is no investment that does not contain the risk. Therefore, before investing, first understand your risk profile.

1. Start as early as possible, the time factor plays a very important role in investing. The younger age you invest, the better results will be obtained later.
2. Determine the specific your investment plans objective (education, retirement, buy a house or apartment, buying a vehicle, property renovations, travel, and others) before you start investing. Consult these plans with your financial adviser.

The first reason we need to invest is because we cannot predict the future. Hence we need to anticipate our needs and seek revenue channels to fulfill it. The second reason is because we expect a better life in the future. After the basic needs we met, we expect the tertiary needs are met as well. The third reason is that this life will not be separated from the investment. Investment is a consequence of life. It’s just the expected outcome of the investment can be achieved if we start investing wisely and carefully.