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BUILDING A
SOLID FINANCIAL
FOUNDATIONFIRST STEP TO FINANCIAL FREEDOM
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.
temporary
NEEDSPERMANENT
WE NEED TO BUILD A LOT OF
WEALTH
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
P 1.2 M
OUR FINANCIAL BUCKETINCOME
SALARYSIDELINE
BILLS/NECESSITIESTUITION//FOOD/CLOTHING
100(salary) – 10(tithe) - 20(savings) = 70 (expenses)
what if you LIVE
too long
what if you DIEtoo soon
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
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
BUILDING A SOLID FINANCIAL FOUNDATION
INVESTMENTEMERGENCY FUNDELIMINATE DEBTS
PROTECTION / LIFE INSURANCEHEALTHCARE
LONG TERM / SHORT TERM
What happens when you have weak building foundation
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
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.
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.
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.
HEALTHCARENO PROTECTIONELIMINATE DEBTS
INVESTMENTEMERGENCY FUND
First reason why we are here because we wanted to increase our cash flow.
INVESTMENTEMERGENCY FUNDELIMINATE DEBTS
PROTECTION / LIFE INSURANCEHEALTHCARE
LONG TERM / SHORT TERM
BUILDING A SOLID FINANCIAL FOUNDATION
TYPES OF INVESTMENTS•STOCK MARKET•MUTUAL FUND •UITF•REAL ESTATE •JEWELRIES•BANK/SAVINGS DEPOSITS•BUSINESS
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