Financial planning wealth cliniq

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Financial planning wealth cliniq

  1. 1. Financial Planning<br />by<br />Wealth Cliniq<br />
  2. 2. Agenda…<br />Insights on Cost of Living.<br />Financial planning.<br /> Seven habits of highly effective investors.<br />
  3. 3. Future planning: A perspective<br />
  4. 4. <ul><li>Am I spending the right way?
  5. 5. Can I optimize it?</li></ul>Future planning fundamentals <br />
  6. 6. Outside factors impacting our planning <br />
  7. 7. Some insights on Cost of Living…<br />
  8. 8. You start your day with a great break fast…<br />Can you guess what a simple idly vada break fast will cost you after 20 years?<br />
  9. 9. It may to cost Rs 990 after 20 years…!!!<br />
  10. 10. Imagine you are currently spending Rs 25,000 every month towards your monthly expenses on essentials…..<br />Can you guess what could that be after 20 years?<br />
  11. 11. It may to cost Rs 2.42 lacs after 20 years…!!!<br />
  12. 12. Imagine you were to spend Rs. 7.5 lacs towards professional education for your kid now…<br />Can you guess what could that be after 15 years?<br />
  13. 13. It may cost Rs 61 lacs after 15 years…!!!<br />
  14. 14. Imagine if you were to spend Rs. 15 lacs towards foreign education for your kid now..<br />Can you guess what could that be after 15 years?<br />
  15. 15. It may cost Rs 1.23 Crores after 15 years…!!!<br />
  16. 16. Imagine if you were to retire now and want to have Rs. 25 lacs for your retirement life..<br />Can you guess what could that be after 20 years?<br />
  17. 17. You may need Rs 4.10 Crores after 20 years…!!!<br />
  18. 18. Rising cost of living* in our day to <br />day life…<br />Rate of inflation for the essentials assumed at 12% PA. These prices provide an indicative view of the future. <br />
  19. 19. Which way is yourbalance tilting?<br />
  20. 20. Pyramid of life priorities:<br />
  21. 21. Covering life is an important financial priority:<br />
  22. 22. Some examples of goals…<br />
  23. 23. Understanding the power of Compounding…<br />
  24. 24. Amazing story of three friends..<br />
  25. 25. Amazing story of three friends..<br />Check out how they have done..You will be surprised..<br />
  26. 26. @ the age of 50….<br />Moral of the story: START EARLY, Power of compounding is @ work very silently… Mr. Cautious has done well by starting early.<br />
  27. 27. Amazing story of three friends - 2<br />
  28. 28. Amazing story of three friends -2<br />
  29. 29. @ the age of 50….<br />Moral of the story: START EARLY even @ moderate returns, power of compounding is @ work very very silently.. Trying to catch up with higher returns @ a later stage may not yield results.<br />
  30. 30. Financial planning process<br />
  31. 31. Way forward – A financial planning<br />Coach can guide you for your financial success.…<br />
  32. 32. Seven habits of highly effective <br />Investors…<br />
  33. 33. 1. Never allow money to be remain idle…<br />Don’t leave money in the bank a/c which earns just 3.5%.. Value of money melts in a bank.<br />
  34. 34. 2. Easy Monthly Investing…<br />Have a monthly saving plan through EMI…<br />
  35. 35. 3. Have ample life insurance cover…<br />Having ample life insurance is vital to one’s financial security …<br />
  36. 36. 4. Realize the importance of Power of Compounding…<br />It’s important to understand the power of compounding which is working very silently…<br />
  37. 37. 5. Recognize the peril of Inflation…<br />Inflation is a monster, which can swallow the hard earned money…<br />
  38. 38. 6. Have Goals in a SMART way…<br />Specific, measurable, attainable, relevant and timed goals for successful financial future…<br />
  39. 39. 7. Have a financial plan…<br />Financial planning is all about knowledge… Hence the importance of a financial planner…<br />
  40. 40. `<br />Food for thought…<br />Watch this video and make your observations for yourself..<br />http://www.youtube.com/watch?v=ZsN8FUV9nS4&feature=player_embedded<br />
  41. 41. `<br />
  42. 42. `<br />http://mymoneyavenues.blogspot.com/<br />

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