View
112
Download
0
Category
Preview:
Citation preview
Money Awareness
Awareness empowersBemoney Aware
Four cornerstones
Income Expense Assets Liabilities
Example of Asset & Liability
Building wealth
Building wealth is a simple matter of increasing your Builders (Income and Assets) and decreasing your Bleeders (Expenses and Liabilities) or INCREASING your Net Worth .
Time is money
Both save Rs 2,000 per year at 12%. Ben starts at age 19 and stops at age 26, while Arthur starts at age 27 and stops at age 65.
Time is money
Secret of growing money
Wealth building is like growing tree
It's a choice
Comparison of choice
Yuppie Couple
Life of Debt
Good Loans Bad Loans
Credit Card Debt - Hell
Why is investing confusing?
Investing is a plan
So one needs an investment plan,a very personal plan based on your preferences, needs. And your investment plan will then determine the different types of investment vehicles you will need.Your investment plan has to be unique just like you.
Like Cooking a Meal!
Risk Reward
No SUCH PRODUCT EXISTS
Various classes
Women
Women and Money!
Advice
You - Take Responsibility!
Life Stages
20's, 30's, 40's
20sNeeds / Goals:Immediate: Fun,Further StudiesShort-term: Buying a car, MarriageLong-term: Retirement
Mind SetBe financially awareManage your expensesDevelop your own view
30sLife Stage: New parent, Break from workNeeds / Goals:Short-term: Vacations,Buying a home, carLong-term: Child’s education, Retirement
Mind Set
Be prepared for alternate work situationsManage the certainty of uncertainty Be involved in the family’s finances
40sLife Stage: Mid Career, Own assetsNeeds / Goals:Immediate: ProtectionShort-term: Children’s higher education, marriageLong-term: Retirement
Mind SetBe ready for retirementUnderstand your needsBe aware of your complete financial situationEnsure that you are the nominee in your husbands’ investments
Rules for happy financial life
Recommended