Strategies For Wealth Creation   Icfai
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Strategies For Wealth Creation   Icfai Strategies For Wealth Creation Icfai Presentation Transcript

  • Strategies for Wealth Creation & Management ICFAI National College 02 June 2007 | Coimbatore
  • The basics first Make a list of the following Liabilities Assets
  • The Basics again…
    • What are Assets / Liabilities for Personal Wealth Creation?
      • One that gives a POSITIVE CASH FLOW IS AN ASSET
      • Others are Liabilities / Expenses.
  • What is growth / return?
    • Time Value for Money
    • Relative Growth
    • Nominal Interest Rate Vs Effective Interest Rate
  • What is Risk?
    • Actual Returns
    • Vs
    • Expected returns
    • What is Wealth?
  • Take 2 minutes. Close your eyes and imagine a wealthy person. Write what you see.
  • A person's wealth is defined by how long a period of time he/she can sustain their lifestyle if they stop working.
  • The longer you can go on living your life without working another day, the richer you actually are.
  • Your wealth is therefore defined by three things
    • Your monthly expenses,
    • Your liquid assets and
    • Your passive income.
  • The Mantra
    • TIME
    • Start early
    • Use the power of compounding
  • Goal Setting
    • Set a SMART Financial Goal
    • S – Specific
    • M – Measurable
    • A – Achievable
    • R – Realistic
    • T – Time Bound
  • Asset Allocation
    • Investment Horizon
    • Market Expectations
  • Manage Wealth
    • Maximize Tax Benefits (Don’t Maximize Tax Slabs)
    • Be a Businessman / Investor
    • Hedge Risks
  • If spending money brings you enjoyment, you will never be rich. However if making money brings you enjoyment, then your wealth is guaranteed .
  • Strategies for Wealth Creation & Management
    • Queries
    • Thank you……
    • Your Take-away from this session.