Plan For Your Debts

This is a comprehensive course designed to equip you with the essential knowledge and skills to manage financial risks.

What you'll learn

Manage their own loans with strategies

Identify the types of debts and interest

Demonstrate the operations of loan and interest

Construct a strategy for debt management plan

Compare and contrast types of debts

Enhance debt management plan

Requirements

Basic English conversations knowledge required.

Possess basic computer literacy. For example, ability to use Microsoft Word or Excel.

Description

PLAN FOR YOUR DEBTSBY VINCENT CHEAH, CFPRationale • 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.ObjectiveThe 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 StandardThere 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 SheetsLearning OutcomeAt 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)

Overview

Section 1: What Is Debt And Interest?

Lecture 1 Introduction To PLAN For Your Debts

Lecture 2 Types Of Debts And Interest

Section 2: Operations Of Debts And Interests

Lecture 3 Operations of simple interest debts

Lecture 4 Operations of compound interest debts

Section 3: Debt Management & Strategies

Lecture 5 How to pay off debts strategically?

Anyone aged 18 years old and above,Anyone who wants to learn about debts,Anyone who wants to manage debts