6. TBNG
lets redefine savings
“Just” because friend told, investment is made into
Equity.
7. TBNG
lets redefine savings
“Just” because a company was paying high interest
rate i.e. 18%, huge amount is invested.
8. TBNG
lets redefine savings
“Just” because a Relative forced for Life
Insurance, Policy was taken
9. TBNG
lets redefine savings
“Just” because Our company provided A health
cover, Didn’t opted for other
10. TBNG
lets redefine savings
“Just” because a Product is named Ssmart Kkid, it was
bought
11. TBNG
lets redefine savings
Decision in Professional life are taken professionally
But when it comes to Personal Finance why
Emotionally???????
12. Financial Planning is… TBNG
lets redefine savings
Financial Planning is a process of evaluating your current financial
position, set future goals and find ways and paths to achieve those
goals. You can think of it as three step process:
• Where am I?
• What I want to achieve?
• How to reach my goal?
19. Free Financial Plan TBNG
v/s lets redefine savings
Paid Financial Plan
Free Financial Plan is one where a
planner does not charge you for any
financial planning, but they earn through
product commission and fee.
Whereas in case of Paid Financial
Planning recommendation and analysis is
independent of product, hence is Client
Centric & not product centric.
20. Cases TBNG
lets redefine savings
Mr. A
Particulars Before After
Annual Cash Flow Surplus Rs.4,69,096 Rs.5,83,696
Loan Payment Till year 2038 2024
Total Interest to be paid (Cumulative) Rs.48,30,950 Rs.13,21,412
Insurance Cover Rs.3,10,000 Rs.1,03,10,000
Investment Rs.15000/Month – Haywire Rs.37000/Month – Channelized to goals
Net worth stayed more or less same. Rs.1,65,21,569 Rs.1,56,91,569
How happy would you be if your loan with interest rate of 18.25% gets repaid
and other loan with interest rate 15.5% falls to 10.5%.!!
Investment with focused goal don’t let you flitter your funds and also doesn’t
create panicking situations when the need arises.
21. Cases TBNG
lets redefine savings
Mr. B
Particulars Before After
Annual Expenses Rs.9,71,832 Rs.8,50,000
Asset Allocation Debt & Property : 97% ; Equity : 3% Equity proportion increased accordingly
Prioritizing goals is the issue with many individuals. He, 47, prioritized his
aspiration which could stress his finance ahead of his retirement.
He had fixed deposit and simultaneously opted for personal loan. Though he
is well aware about it but somewhere ignorance or work load didn't let him
calculate and move ahead in proper direction.
He had a endowment policy, premium digesting policy with minimal return,
which asked premium of Rs.2,62,744/annually even after 7years of retirement
when he wont be earning.
He realized his expenses are skyrocketing year on year and reacted on it by
implementing saving habits soon after our first meet.
22. Cases TBNG
lets redefine savings
Mrs. C
Particulars Before After
Insurance Policies 5 Policies : Cover – Rs.4,75,000 3 Polices : Cover - Rs.1,01,50,000
More than 75% for her total investment was into Fixed deposit of XYZ Company.
She had aspirations, which everyone have, but if she would have been
continuing the way she was moving then probably some aspirations either had to
be compromised, which everyone do.
76.14% of her net worth was because of property held for investment purpose
which seems to be very risky considering the fact that the same being very liquid.
More than a years expenses were with Savings bank despite we can nearly
double interest in other liquid instrument.
23. Cases TBNG
lets redefine savings
This is something more what we have seen when an individual is not
focused towards his goals and aspiration
A Couple had 32 insurance policies with miniscule risk cover in each thinking
will keep receiving bonus, maturity amount, etc on a regular basis.
An individual keeps on investing as and when someone recommends or when
he have additional surplus. This individual highly diversified into equity by having
103companies.
An individual kept on investing in mutual fund in uneven way for his
retirement. He is holding 26 schemes which is over diversified which in turn
reduces your effective return may be below FD rate also.
25. Types of Plan TBNG
lets redefine savings
Financial
Planning
Comprehensive
UNIplan
Financial Planning
Current Situation Analysis
Insurance Planning
Investment Planning
Retirement Planning Any one
Tax Planning
Estate Planning
Goal Planning
26. Get in Touch TBNG
lets redefine savings
TBNG Financial Consultants
17,Veer Mahal, Near ITC Grand Central Hotel,Opp Centre Point, Dr BA
Road,Lalbaug-Parel , Mumbai-12
Tarun@tbngconsultants.com
Click Here
