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Myths personal finance

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    Myths personal finance Myths personal finance Presentation Transcript

    • Personal Financial Engineering
      A presentation to the Officers
      and Staff of INS Agrani
    • Finerva
      Our Mission
      Dedicated to educate and support individuals in achieving financial freedom
      Our Values
      Committed to build long term trust with our clients and providing sustained thrust to their wealth creation
      Our Background
      Over ten years in training and practicing financial planning
      Wide experience in different industry sectors
    • A Need Analysis
      Preferred investment modes Insurance – Endowment Post Office Deposits
      Provident fund
      Pension Planning: Only a few (7/19)
      Children’s Plans: From PF & Deposits (9/19)
      Risk Rating :Medium – 8, Low & No Risk – 11
      Loans : Low (5/19) Highest- 4,60,000. Lowest 6,000
      Average Age :33.6 years
      Average Years to Retirement: 6.8 years
      Average savings per year :Rs35,000/-
      Salary is the only source of income Most cases
    • Kya aap bhi ye sochte hain? ki
      • Safest option in life is to get a secure job and stay there always
      • Only doctors make a lot of money
      • Sale! Sale! I buy always when there is a sale
      • I will never understand how investing works
      • They have a big house, they must be rich…
      • There is not enough money for everyone to be rich
      • People who make mistakes are stupid
      • Fixed deposits are safer than stocks
      • I will never be rich…
      • Investing in stocks is gambling.
      • Only crooks become crorepathis
    • The way forward…
      Achieve Financial Freedom
      • Financial Freedom is the state of your personal life in which irrespective of whether you are working or not, you and your family is stable financially.
    • Myths in Financial Management
      Any investment with an element
      of risk is bad
      Factors to be considered while investing
      Returns
      Liquidity
      Safety
      Taxation
      Stock market returns over a period of time
    • RETURNS FROM VARIOUS ASSET CLASS
    • Sensex Returns since 1979
      BEST RETURN
      1 YEAR
      HOLDING
      PERIOD
      BEST RETURN
      5 YEAR
      HOLDING PERIOD
      +90%
      +44%
      WORST RETURN
      WORST RETURN
      -26%
      -1%
      +32%
      +12%
    • Myth Number TWO
      Iwill get pension when I retire.
      I don’t need retirement planning.
      Expenses at the time of retirement
      Skill set for retirement
    • Myth number THREE
      Insurance is very costly.
      Term Plans are not
      Ensure your dreams for loved ones become reality
    • Inflation means Rs 10,000 would be…
    • Myth Number FOUR
      Gold jewels are an investment
      Cost of procurement, cost of disposal
      Growth in value only covers inflation
    • Myth Number FIVE
      My house and vehicles are my assets
      Cash flow diagram & explanation
      How they can be assets
    • Cash flow diagram
    • Myth Number SIX
      To become a crorepathi is difficult
      Possible with small amounts invested regularly also, if you start early.
      Returns chart & savings amount
    • Myth Number SEVEN
      Salary has to be my main source of
      income.
      Types of People – 4
      Be an Investor / Businessman
      Leverage OPM, OPT
      Leverage Technology
    • Four Types of People
      Businessman
      Employed
      Investor
      Employed
      Self Employed
    • Kaun banega Crorepati ???
    • Aap Bhi ban sakthe hain
      And Finerva is always here to help you…