Shaper Traning Luis Felipe Checa Calderón - Personal Finance

1. WEF Global Shaper Trainings
Personal Finance: Managing Money, Controlling
Debt and Creating Wealth

2. About Me
Luis Felipe Checa
Co-Founder and CEO of FINTUU Technologies
Global Shaper, Schwarzman Scholar and Master in Economics,
Business and International Relations from the Tsinghua University in
Beijing. Luis has more than 5 years of experience in positions of
financial analysis, financial products and innovative financing for
development.

3. My Experience

4. My Experience

5. My Experience

6. Only 51% of people in Latin America have access to
financial services which affects the development of
the region (Peru, 41%)

7. FINTUU Wealth and Asset
Management
608
662
1,269
504
277
781
1,060
635
1,694
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Saving Accounts Fixed Term Deposits Total
Piura Lambayeque La Libertad
2,171
0.1%
1,574
4%
3,745Total (in
US$ million)
Annual
Interest Rate
1.7%
Source: Central Bank of Peru
• Piura, Lambayeque and La
Libertad are three small
provinces in northern Peru
• The total amount of deposits
reaches US$ 3.745 billion
• The interest rate customers
receive annually is around 1.7%
• The return rate of structured
funds in the U.S is higher than
1.7%

8. Financial inclusion in the 21st century involves more
than just having a bank account or access to credit
Aspirants /
Millennials
Sophisticated
Investors
Followers
People out of the
financial system
Financial Inclusion Matrix – FINTUU
+
+
-
-
LevelofSophistication
Income Level
Each one of these segments
has different needs regarding:
• Access to the financial
system/markets
• Access to a more diverse
range of financial
products/services
• Use of technology
• Financial education

9. Core Principles of Personal
Finance
Live Below Your
Means
Save To
Invest
Be Careful With
Accumulating
Liabilities

10. Principle 1: Live Below Your
Means
Tools:
• Monthly Budget
• Emergency Fund (3 – 6 months)
To Consider:
1. Have clear goals and build a budget
2. Check your budget at least once a month
3. Remember the second part of the equation

11. Principle 2: Be Careful With
Accumulating Liabilities
Tools:
• Net Worth
To Consider:
1. Remember Principle 1
2. Debt is not a bad thing
3. Use debt for assets whose value will increase in the future (E.g. Real Estate)
4. Pay the debt with the highest interest rate first
5. Take care of your credit score

12. Principle 3: Save to Invest
Tools:
• Asset Management Calculator
To Consider:
1. Have a plan for the future
2. Diversify, diversify, diversify
3. Invest in yourself
4. Give to others
5. Enjoy life!

13. Finally…
Remember that every single thing you buy in life,
you don’t buy it with money, but with TIME

14. WEG Global Shaper Trainings
Personal Finance: Managing Money, Controlling
Debt and Creating Wealth