Financial planning : Do it Yourself

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A self guide towards financial planning. We ourselves can manage our finances, so here comes phase-1 describing about few topics. Stay tuned for the remaining topics in phase-2.

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  • what tools do you use in financial planning if you do-it-yourself?
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  • short , sweet , no jargons & to the point actionable... very good..
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  • good one! an eye opener for laypersons and they can combine this with the guidance from their intermediary, so that not mis guided or wrong planning. Financial Planning is not uniform for every one. Hence they use this as a tool in their planning.
    Above all the presentation is marvellous.
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  • This is more like managing your own affairs and if you have the time manage it. Financial planning is completely different. What the scenario that is laid out here is practical steps to clean up what you already have and not how to develop and Estate Plan, or risk management plan, etc. all dependent on the needs of the client. I think the author should rather rename the book to read 'A practical guide of managing your financial affairs. Just my thoughts. I will wait for part two....
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  • Good One, really helpful
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Financial planning : Do it Yourself

  1. Powered By: Ready Bytes Software Labs Pvt. Ltd. (INDIA) Planning Financial Do It Yourself… PHASE - 1 of 2
  2. BIO Ankit Mathur (Software Engineer at Ready Bytes Software Labs Pvt. Ltd.) In for you at: Financial Planning
  3. DISCLAIMER With the prior permission of the author Mr. Manish Chauhan, contents of his book “How To Be Your Own Financial Planner in 10 Steps” are included / used / referenced in this presentation. So, this presentation doesn’t violate rules of Copyrights Act as mentioned in the book by the author himself. Also, by any means this presentation isn’t meant to harm anyone’s sentiments, financial policies or any other term/field of financial sector. Unconditional apologies. Financial Planning
  4. Sorry, but initially i want you to think a little….. Things will be easier later on, Financial Planning
  5. Extreme Concentration NEEDED, For Next 3 Points Financial Planning
  6. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  7. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  8. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  9. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  10. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  11. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  12. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  13. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  14. Financial Planning
  15. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  16. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  17. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  18. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  19. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  20. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  21. If you take Financial Planning as: • Centralized with money, EXCEPT THIS • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  22. Chapter – 1 of 5 Ease Yourself Let’s Build a Thought Process Now… Financial Planning
  23. Few Terms First….. (Slide 1/2)  Surrender Value (term 1/3): It is the worth of Life Insurance Policy at a given point of time. It is the amount you get when you surrender the policy before maturity.  Paid up Policy (term 2/3): It means you to not fill premiums any more. If you don’t want to surrender policy and also don’t want to give premiums, then make it a paid up policy. It can be done only if you filled some previous premiums. Financial Planning
  24. Few Terms First….. (Slide 2/2)  Bonus (term 3/3): Many traditional policies announce yearly bonus which keeps on accumulating and given to you at the end of maturity. Financial Planning
  25. Optimizing LIPs (Life Insurance Policies)  Preliminary Thought Don’t fool others by saying:  i don’t take Life policies for investments  it’s ONLY becoz I want my family security Financial Planning
  26. Optimizing LIPs (Life Insurance Policies)  Preliminary Thought Don’t fool others by saying:  i don’t take Life policies for investments  it’s ONLY becoz I want my family security Financial Planning
  27. Optimizing LIPs (Life Insurance Policies)  Preliminary Thought Don’t fool others by saying:  i don’t take Life policies for investments  it’s ONLY becoz I want my family security Financial Planning
  28. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  29. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  30. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  31. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  32. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  33. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (which is not an advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  34.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  35.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  36.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  37.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  38.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  39.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  40.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  41.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  42. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  43. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  44. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  45. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  46. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  47. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers Financial Planning
  48. Repeat With Me….. Dump The Small Policies + Take Term Insurance Plans + Use Fixed Deposits Financial Planning
  49. Repeat With Me….. Dump The Small Policies + Take Term Insurance Plans + Use Fixed Deposits Financial Planning
  50. Repeat With Me….. Dump The Small Policies + Take Term Insurance Plans + Use Fixed Deposits Financial Planning
  51. 2 Quick Fires ? Financial Planning
  52. Life Insurance + Term Policy (What’s the Big Deal?) Financial Planning
  53. Life Insurance + Term Policy (What’s the Big Deal?) Let’s bring an example here: Financial Planning
  54. Let’s say you have Rs. 40,000/yr to invest. JUST Rs. 40,000 per year • Don’t worry, • It’s a normal, simple and low amount • You can afford it easily Financial Planning
  55. Let’s say you have Rs. 40,000/yr to invest. JUST Rs. 40,000 per year • Don’t worry, • It’s a normal, simple and low amount • You can afford it easily Financial Planning
  56. Let’s say you have Rs. 40,000/yr to invest. JUST Rs. 40,000 per year • Don’t worry, • It’s a normal, simple and low amount • You can afford it easily Financial Planning
  57. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  58. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  59. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  60. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  61. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  62. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  63. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  64. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  65. Much better 50+23 THAN JUST 50 of Life Insurance Financial Planning
  66. SUMMARY (Chapter - 1)       Minimize no. of Life Insurance Policies Don’t treat life cover as Investment tool Take Terms plans and Life Insurance Divide appropriate premium b/w them Also go for Fixed deposits They are like savings Financial Planning
  67. Chapter - 2 of 5 investments Never Ever Gives QUICK MONEY ! Financial Planning
  68. DRAW Something your BEST on next SHEET Financial Planning
  69. Financial Planning
  70. Done? Financial Planning
  71. Done? Now, Draw same beauty on this….. -> Financial Planning
  72. Financial Planning
  73. WANT CLEANUP ? Financial Planning
  74. WANT CLEANUP ? That’s my next point….. Financial Planning
  75. • Our Financial Life is like sheet of paper • Every scribble OR Every dirt means….. BAD DECISIONS ! Financial Planning
  76. • Our Financial Life is like sheet of paper • Every scribble OR Every dirt means….. BAD DECISIONS ! Financial Planning
  77. This Diwali, Let’s clean few things here….. Financial Planning
  78. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  79. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  80. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  81. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  82. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  83. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  84. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  85. OPTIMIZE STOCKS Financial Planning
  86. 2 Categories for People in here: Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs 1. Serious investors searching wealth 2. Investors searching QUICK GAINS Optimize Credit Cards Optimize other investments Financial Planning
  87. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  88. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  89. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  90. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  91. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  92. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  93. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  94. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  95. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  96. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  97. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  98. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  99. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  100. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  101. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  102. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  103. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds • Brokers take advantage of such people Optimize Bank Accounts Optimize ULIPs WHAT TO DO NOW ? Optimize Credit Cards Optimize other investments Financial Planning
  104. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds • Brokers take advantage of such people Optimize Bank Accounts Optimize ULIPs WHAT TO DO NOW ? Optimize Credit Cards Optimize other investments Financial Planning
  105. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  106. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  107. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  108. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds WHY GET RID ? Optimize Credit Cards Optimize other investments Financial Planning
  109. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds What’s the Problem ? Optimize Credit Cards Optimize other investments Financial Planning
  110. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  111. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  112. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  113. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  114. 2 Quick Fires ? Financial Planning
  115. OPTIMIZE MUTUAL FUNDS Financial Planning
  116. Optimize Stocks Optimize Mutual Funds a MYTH lives here also….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  117. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  118. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  119. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  120. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  121. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  122. Optimize Stocks Optimize Mutual Funds What Matters in Mutual Funds ? • The allocation in different stocks • Their quality Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Already invested in same kinds of stocks? WHAT TO DO NOW ? Optimize other investments Financial Planning
  123. Optimize Stocks Optimize Mutual Funds What Matters in Mutual Funds ? • The allocation in different stocks • Their quality Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Already invested in same kinds of stocks? WHAT TO DO NOW ? Optimize other investments Financial Planning
  124. Optimize Stocks Optimize Mutual Funds What Matters in Mutual Funds ? • The allocation in different stocks • Their quality Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Already invested in same kinds of stocks? WHAT TO DO NOW ? Optimize other investments Financial Planning
  125. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs AND Optimize Credit Cards Optimize other investments Financial Planning
  126. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs AND Optimize Credit Cards Optimize other investments Financial Planning
  127. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs Optimize Credit Cards AND Optimize other investments Financial Planning
  128. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs Optimize Credit Cards Optimize other investments AND Financial Planning
  129. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs Optimize Credit Cards Optimize other investments AND Financial Planning
  130. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Restart Optimize Credit Cards Optimize other investments Financial Planning
  131. OPTIMIZE BANK ACCOUNTS Financial Planning
  132. Optimize Stocks Again comes the COUNT….. Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  133. Optimize Stocks Optimize Mutual Funds • Lesser the bank accounts, Optimize Bank Accounts • Lesser the number of fixed deposits, Optimize ULIPs Optimize Credit Cards • THE BETTER Optimize other investments Financial Planning
  134. Optimize Stocks Optimize Mutual Funds • Lesser the bank accounts, Optimize Bank Accounts • Lesser the number of fixed deposits, Optimize ULIPs Optimize Credit Cards • THE BETTER Optimize other investments Financial Planning
  135. Optimize Stocks Optimize Mutual Funds • Lesser the bank accounts, Optimize Bank Accounts • Lesser the number of fixed deposits, Optimize ULIPs Optimize Credit Cards • THE BETTER Optimize other investments Financial Planning
  136. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs WHY BETTER ? Optimize Credit Cards Optimize other investments Financial Planning
  137. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs HOW BETTER ? Optimize Credit Cards Optimize other investments Financial Planning
  138. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  139. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  140. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  141. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  142. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  143. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  144. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  145. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  146. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  147. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  148. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  149. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  150. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  151. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  152. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  153. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs THAT’s ALL ! All your money can fit into this….. Optimize Credit Cards Optimize other investments Financial Planning
  154. OPTIMIZE ULIPs Financial Planning
  155. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs ULIPs are Unit Linked Plans. Optimize Credit Cards Optimize other investments Financial Planning
  156. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts ULIPs are Unit Linked Plans. Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  157. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs WHAT ? Optimize Credit Cards Optimize other investments Financial Planning
  158. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs That’s It? Optimize Credit Cards Optimize other investments Financial Planning
  159. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  160. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  161. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  162. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  163. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  164. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  165. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  166. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  167. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  168. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  169. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  170. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  171. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are not suitable for common man. • Like me, • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Still INTERESTED in ULIPs ? Then let’s continue….. Financial Planning
  172. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  173. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  174. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  175. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  176. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  177. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  178. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  179. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  180. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  181. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  182. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point -2/3: • Additional benefit of Life Insurance • It is FREE! • Mortality charges are reduced each year Optimize other investments Financial Planning
  183. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point -2/3: • Additional benefit of Life Insurance • It is FREE! • Mortality charges are reduced each year Optimize other investments Financial Planning
  184. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point -2/3: • Additional benefit of Life Insurance • It is FREE! • Mortality charges are reduced each year Optimize other investments Financial Planning
  185. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  186. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  187. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  188. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  189. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  190. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  191. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  192. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  193. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  194. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  195. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  196. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  197. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  198. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  199. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  200. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  201. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  202. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  203. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  204. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  205. OPTIMIZE CREDIT CARDS Financial Planning
  206. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments CHARMING ? Financial Planning
  207. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  208. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  209. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  210. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  211. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  212. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  213. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Let’s Deal with CHARMS first….. • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points • Always, pay back later •BEST CHARM IS: DOUBLE EDGED SWORDS !!! Financial Planning
  214. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Let’s Deal with CHARMS first….. • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points • Always, pay back later •BEST CHARM : DOUBLE EDGED SWORDS !!! Financial Planning
  215. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Let’s Deal with CHARMS first….. • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points • Always, pay back later •BEST CHARM : DOUBLE EDGED SWORDS !!! Financial Planning
  216. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Credit Cards You Ask ? Bad Habit! Optimize Credit Cards Optimize other investments Financial Planning
  217. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Credit Cards You Ask ? Bad Habit! Optimize Credit Cards Optimize other investments Financial Planning
  218. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  219. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  220. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  221. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  222. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  223. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  224. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  225. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  226. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  227. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  228. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  229. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  230. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  231. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  232. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  233. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs An Example ? Okay. Optimize Credit Cards Optimize other investments Financial Planning
  234. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Credit Card Bill: Rs. 20,000 Minimum Payment: Rs. 1,000 We can do 3 things in this case….. Optimize Credit Cards Optimize other investments Financial Planning
  235. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  236. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  237. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  238. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  239. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  240. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  241. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  242. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  243. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  244. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  245. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  246. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  247. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  248. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  249. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  250. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  251. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  252. 3 Quick Fires ? Financial Planning
  253. OPTIMIZE OTHER INVESTMENTS Financial Planning
  254. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  255. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  256. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  257. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  258. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  259. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  260. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  261. Chapter – 3 of 5 Health Insurance A Money Backup for Your Health Problems Financial Planning
  262.  It provides medical money  You don’t need to break other investments  Your bank balance remains safe Financial Planning
  263. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  264. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  265. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  266. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  267. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  268. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  269. Individual & Family Floaters Features Cover for Individual Family Floater Who’s Covered ? Only the insured person Self + Spouse + Kids Eligibility Criteria Age 18+ years Primary insured should be 18+ years age Insurance Cost Greater than Family Floater Comparatively low Financial Planning
  270. Still, take a cover of your own. “My Employer provides me health insurance.” Feel the difference later. Financial Planning
  271. Still, take a cover of your own. “My Employer provides me health insurance.” Feel the difference later. Financial Planning
  272. Still, take a cover of your own. “My Employer provides me health insurance.” Feel the difference later. Financial Planning
  273. Chapter – 4 of 5 Emergency Funds Wait! It’s an emergency….. Financial Planning
  274. Chapter – 4 of 5 Emergency Funds Wait! It’s an emergency….. Financial Planning
  275. Chapter – 4 of 5 Emergency Funds Wait! It’s an emergency….. Financial Planning
  276. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  277. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  278. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  279. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  280. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  281. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  282. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  283. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  284. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  285. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  286. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  287. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  288. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  289. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  290. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  291. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  292. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  293. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  294. 2 Quick Fires ? Financial Planning
  295. Chapter – 5 of 5 Goal Planning It’s about fulfilling our Monetary Dreams Financial Planning
  296. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  297. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  298. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  299. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  300. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  301. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  302. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  303. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  304. Steps Solve the Task Calculate future value of the financial goals Find, how much to invest per month/year to achieve the future value Where to invest ? Financial Planning
  305. Steps Solve the Task 1 Calculate future value of the financial goals Financial Planning
  306. Steps Solve the Task 1 Calculate future value of the financial goals 2 Find, how much to invest per month/year to achieve the future value Financial Planning
  307. Steps Solve the Task 1 Calculate future value of the financial goals 2 Find, how much to invest per month/year to achieve the future value 3 Where to invest ? Financial Planning
  308. Where to Invest ? Risk Avoiders Risk Takers Short Term Goal Long Term Goal • Debt Funds • Corporate fixed deposits • Recurring deposits • Fixed deposits • Fixed maturity plans • Equity mutual funds • Real estate • Index funds • Stocks • Balanced Funds • Fixed deposits • Recurring deposits • Saving bank account • Balanced Funds • Fixed deposits • Gold • Index funds • PPF Financial Planning

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