Strategies For Wealth Creation Icfai

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Strategies For Wealth Creation Icfai

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

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