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BUILDING A SOLID FINANCIAL FOUNDATION FIRST STEP TO FINANCIAL FREEDOM

Building a Solid Financial Foundation

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Page 1: Building a Solid Financial Foundation

BUILDING A

SOLID FINANCIAL

FOUNDATIONFIRST STEP TO FINANCIAL FREEDOM

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PRAYER of ABUNDANCEToday, I recieve all God’s love for me

Today, I open myself to the unbounded, limitless, overflowing abundance of God’s Universe.

Today, I open myself to your Blessings, healing and miracles.

Today, I open myself to God’s Word so that I become more like Jesus Everyday.

Today, I proclaim that I’m God’s Beloved, I’m God’s Servant, I’m God’s powerful champion,

And because I am blessed, I will bless the world, In Jesus Name, Amen.

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temporary

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NEEDSPERMANENT

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WE NEED TO BUILD A LOT OF

WEALTH

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HOW MUCH WEALTH IS NEEDED?annual income x 10

monthly income = P 10,000 x 12Annual income = P 120,000

annual income x 10 = P 1.2 M

P 1.2 M x 10% = 120,000 / 12 = 10,000P 2.4 M x 10% = 240,000 / 12 = 20,000

P 3.6 M x 10% = 360,000 / 12 = 30,000

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P 1.2 M

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OUR FINANCIAL BUCKETINCOME

SALARYSIDELINE

BILLS/NECESSITIESTUITION//FOOD/CLOTHING

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100(salary) – 10(tithe) - 20(savings) = 70 (expenses)

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what if you LIVE

too long

what if you DIEtoo soon

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THE RULE OF 72

Albert Einstein called the compound interest the 8th

wonder of the world & mankind’s greatest invention because it is

the mightiest force ever unleashed

for the amassing of wealth.

The Power of Compounding Interest

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THE RULE OF 7272 ÷ Interest rate = number of Years it takes

for your money to doubleExample:

You have P 100,000 now, then you invest it in a Savings Account with 1% guaranteed interest per annum

72/1 =72

so it means in 72 years, your money will be

P 200,000

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BUILDING A SOLID FINANCIAL FOUNDATION

INVESTMENTEMERGENCY FUNDELIMINATE DEBTS

PROTECTION / LIFE INSURANCEHEALTHCARE

LONG TERM / SHORT TERM

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What happens when you have weak building foundation

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INVESTMENTEMERGENCY FUND

You should set aside 3-6 months of your monthly needs to help cope with emergencies and unexpected changes, like:

• Job Loss•Major Damages or Repairs for homes•Illness•Disaster•Be prepared for rainy days

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ELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

Investments usually has lower interest rates than DEBT, especially credit card debts.

The interest paid by your investments will just end up paying your debts.

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NO PROTECTIONELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

Most of us don’t utilize this kind of product because we think we will not be the one to

enjoy the fruit of this instrument.

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HEALTHCARENO PROTECTIONELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

Nobody wants to get sick but somehow anyone will.When you stop working, the pay stops but the needs won’t.

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HEALTHCARENO PROTECTIONELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

First reason why we are here because we wanted to increase our cash flow.

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INVESTMENTEMERGENCY FUNDELIMINATE DEBTS

PROTECTION / LIFE INSURANCEHEALTHCARE

LONG TERM / SHORT TERM

BUILDING A SOLID FINANCIAL FOUNDATION

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TYPES OF INVESTMENTS•STOCK MARKET•MUTUAL FUND •UITF•REAL ESTATE •JEWELRIES•BANK/SAVINGS DEPOSITS•BUSINESS

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ARWIN MENDOZA BUENOBlogsite: GUSTO KONG YUMAMAN EPS WORKER’S LIFE IN KOREAURL: payamannako.blogspot.com

epsinkorea.blogspot.com

Phone number: 010-5149-7774Add me on Facebook : www.facebook.com/arwin.bueno