DDHK.ORG - Office workers may be more likely to experience a salary increase every year, but not necessarily for friends who work as employees Indonesian migrant workers (PMI). Plus many migrant workers Indonesia who when he returned to his hometown after not being able to work anymore, he didn't even have any assets, even though he had been working for years. All due to not being able to manage salaries properly and correctly.
Personal Growth and Financial Microblogger Setiawan Chogah have tips for you so that Indonesian migrant workers can prosper when they return to their hometowns and no longer work. Let's start with setting the salary with these steps:
Don't Delay Paying Debt
If you currently have debt, it is something that must be paid. When you receive a salary, try to set aside from your salary to pay off the rest of your debt, yes! It is recommended that the ideal portion for your debt installments is 30% of the total salary you receive, this is important so that your cashflow is safe and does not always "dig a hole and close the hole". Well, if the debt has been paid off, try not to be easily tempted to borrow money only for non-urgent needs. Even if you are forced to owe, remember, the amount of the installment should not be more than 30% of your income.
Pay Zakat and Alms
We Muslims have an obligation to fulfill professional zakat if the salary we receive has met certain conditions, one of which reaches the nisab. What is the nisab for professional zakat or income zakat?
The nisab of professional zakat is based on the MUI stipulation in fatwa no. 7 of 2003 which stated, "All forms of halal income must be issued zakat on condition that it has reached the nishab in one year, which is worth 85 grams of gold."
So, if in one year the income has reached the nisab, then it is obligatory to pay professional zakat. However, if it has not reached one year, the assets have reached the nisab, professional zakat can be done.
If you object to paying zakat on an annual basis, you can also pay it every month or after receiving your salary, with the monthly income nisab calculation reaching 653 kg of grain. For those of you who work in Hong Kong, you can calculate the amount of zakat you have to pay with the following guidelines:
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Don't Forget Invest
There are many benefits that you can get from investing habits. Currently, there are many choices of investment instruments that you can choose to achieve your financial goals. For example, you plan to retire and return to Indonesia in 10 years. It's a good idea to set aside your salary and save it in an investment instrument that has yields such as mutual funds or stocks.
Have you ever heard advice?"don't put your eggs in one basket”? This also applies to your financial management, you know. Try not to keep money in one place. You can diversify your investments by saving your money into several instruments such as gold, stocks, mutual funds, sukuk, bonds, and deposits. Each of these instruments has different risks and returns. The higher the return, the greater the risk.
Before starting to invest, it's a good idea to first learn about the profile of the security where you entrust your investment funds. In Indonesia, there are many choices of securities companies that you can choose from, make sure they are registered with the OJK. It is better to choose securities that facilitate the registration process to the investment process. With the use of digital technology, you do not need to come to the securities office to simply create an account or deposit your investment funds. Everything can be done from the hand, aka 100% online.
Spend the rest of your salary
If you have done the 3 things above, namely paying debts and installments, paying zakat and alms, and investing for your financial goals in the future, you can spend the rest of your salary to meet basic needs. You can also use the rest of your salary to appreciate yourself by taking a vacation. Count it as a reward for your hard work so far. But during this pandemic, it's a good idea to divert the vacation budget for investment, right! That way, the value of your savings will certainly increase and your financial goals can be achieved quickly.
Good luck!
Setiawan Chogah, a microblogger who often discusses the topic of self-development and financial tips on his personal Instagram @setiawanchogah.
