Intro to personal_finance_wealth

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Intro to personal_finance_wealth

  1. 1. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Personal Finance Planning
  2. 2. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Today’s Agenda • Introductions • Personal Finance Concepts & application • Financial Markets • Insurance Concepts and Selling • Goal Based Performance • Discussions
  3. 3. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Fundamentals First • What are assets?
  4. 4. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Workbook: mark assets?
  5. 5. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Assets Defined Asset is one which generates a positive cash flow
  6. 6. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Cash Flow Relationship
  7. 7. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Am I Wealthy? • Imagine a few Wealthy People • What do you see?
  8. 8. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Definition of Wealth –Wealth is not defined by the amount of money.
  9. 9. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Definition of Wealth –Wealth is defined by how long you can continue living the same lifestyle if you stop working today.
  10. 10. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Your wealth is therefore defined by three things • Your monthly expenses, • Your liquid assets and • Your passive income.
  11. 11. www.finerva.com | support@finerva.com | +91-9787-11-11-66 INCOME •Reduce Expenses •Reduce Liabilities •Invest in Assets •Re Invest in Assets
  12. 12. www.finerva.com | support@finerva.com | +91-9787-11-11-66

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