PLAN For Your Debts
This is a comprehensive course designed to equip you with the essential knowledge and skills to manage financial risks.
PLAN For Your Debts free download
This is a comprehensive course designed to equip you with the essential knowledge and skills to manage financial risks.
PLAN FOR YOUR DEBTS
BY VINCENT CHEAH, CFP
Rationale
• Malaysian national debt had surged about 48 times from 1978 to today, which constitutes about 65.6% of Malaysian Gross Domestic Product (GDP).
• Bankruptcy had been on the rise due to personal financing debts and loans with most people filed for bankruptcy are among those aged 25 to 34.
• Understanding debts and solving them are important to ensure that people have financial freedom.
Objective
The objective of this programme is to equip participants with the knowledge and skills to understand the operations, periods and clearing of debts in a systematic manner to enhance the value of money.
Competency Standard
There are no relevant competency standards but the references are
• Code of Conduct from the Financial Planning Association of Malaysia (FPAM)
• Code of Conduct from the Malaysian Financial Planning Council (MFPC)
• Guidelines from Agensi Kaunseling & Pengurusan Kewangan (AKPK)
• Guidelines from Personal Financing by the Central Bank of Malaysia
• Guidelines from each banking institution on loans, personal loans and credit card’s Product Disclosure Sheets
Learning Outcome
At the end of this programme, the participants will be able to:
• Manage their own loans with strategies (L4 – Analysis, L5 - Synthesis)
• Identify the types of debts and interest (L1 – Knowledge)
• Demonstrate the operations of loan and interest (L3 - Applying)
• Construct a strategy for debt management plan (L5 – Synthesis)
• Compare and contrast types of debts (L4 – Application)
• Enhance debt management plan (L6 – Evaluation)
