My rating: 4 of 5 stars
Safir Senduk probably may not be Indonesia’s first financial planner. Still, he certainly is the first financial planner who popularized the subject of financial planning and made it accessible as a general household topic.
His Seri Perencanaan Keuangan Keluarga (Family Financial Planning Series) covers wide-ranging personal finance topics from investment to the child education fund and retirement. My review this time is on his topic of insurance, which he dubbed Mengantisipasi Risiko (Anticipating Risk).
In this book, Senduk introduces readers to the primary purpose of insurance, which is to cover risks that could render an individual’s finance in disarray. He counters the popular myths of insurance in Indonesia — such as its association with gambling — and points out the most common mistakes people make in purchasing insurance products, like taking too much coverage or too little.
I like Senduk’s Financial Planning Series because of its topic-specific material, conciseness, and sufficient case studies. While calculation examples made in his book can be too aggressive or too conservative, readers are expected to understand the concepts and apply them to their respective financial cases.
This book is published in Bahasa Indonesia. My particular edition has the author’s signature in it, even though I bought it from Gramedia‘s bookshelf.