Intro to personal_finance_wealth

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A introduction to wealth creation

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Intro to personal_finance_wealth

  1. 1. Personal Finance Planning<br />
  2. 2. Today’s Agenda<br />Introductions<br />Personal Finance Concepts & application<br />Financial Markets<br />Insurance Concepts and Selling<br />Goal Based Performance<br />Discussions<br />
  3. 3. Fundamentals First<br />What are assets?<br />assets<br />?<br />
  4. 4. Workbook: mark assets?<br />
  5. 5. Assets Defined<br />Asset is one which generates a <br />positive cash flow<br />
  6. 6. Cash Flow Relationship<br />
  7. 7. Am I Wealthy?<br />Imagine a few Wealthy People<br />What do you see?<br />
  8. 8. Definition of Wealth<br />Wealth is not defined by the amount of money.<br />
  9. 9. Definition of Wealth<br />Wealth is defined by how long you can continue living the same lifestyle if you stop working today.<br />
  10. 10. Your wealth is therefore defined by three things<br />Your monthly expenses,<br /> Your liquid assets and <br /> Your passive income.<br />
  11. 11. <ul><li>Reduce Expenses
  12. 12. Invest in Assets
  13. 13. Reduce Liabilities</li></ul>INCOME<br /><ul><li>Re Invest in Assets</li></li></ul><li>

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