Myths personal finance

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Myths personal finance

  1. 1. Personal Financial Engineering<br />A presentation to the Officers <br />and Staff of INS Agrani<br />
  2. 2. Finerva<br />Our Mission<br />Dedicated to educate and support individuals in achieving financial freedom<br />Our Values<br />Committed to build long term trust with our clients and providing sustained thrust to their wealth creation<br />Our Background<br />Over ten years in training and practicing financial planning<br />Wide experience in different industry sectors<br />
  3. 3. A Need Analysis<br />Preferred investment modes Insurance – Endowment Post Office Deposits<br />Provident fund<br />Pension Planning: Only a few (7/19)<br />Children’s Plans: From PF & Deposits (9/19)<br />Risk Rating :Medium – 8, Low & No Risk – 11<br />Loans : Low (5/19) Highest- 4,60,000. Lowest 6,000<br />Average Age :33.6 years<br />Average Years to Retirement: 6.8 years<br />Average savings per year :Rs35,000/-<br />Salary is the only source of income Most cases<br />
  4. 4. Kya aap bhi ye sochte hain? ki<br /><ul><li>Safest option in life is to get a secure job and stay there always
  5. 5. Only doctors make a lot of money
  6. 6. Sale! Sale! I buy always when there is a sale
  7. 7. I will never understand how investing works
  8. 8. They have a big house, they must be rich…
  9. 9. There is not enough money for everyone to be rich
  10. 10. People who make mistakes are stupid
  11. 11. Fixed deposits are safer than stocks
  12. 12. I will never be rich…
  13. 13. Investing in stocks is gambling.
  14. 14. Only crooks become crorepathis</li></li></ul><li>The way forward…<br />Achieve Financial Freedom<br /><ul><li>Financial Freedom is the state of your personal life in which irrespective of whether you are working or not, you and your family is stable financially.</li></li></ul><li>Myths in Financial Management<br />Any investment with an element <br />of risk is bad<br />Factors to be considered while investing <br />Returns<br />Liquidity<br />Safety <br />Taxation<br />Stock market returns over a period of time<br />
  15. 15. RETURNS FROM VARIOUS ASSET CLASS<br />
  16. 16. Sensex Returns since 1979<br />BEST RETURN<br />1 YEAR<br />HOLDING<br />PERIOD<br />BEST RETURN<br />5 YEAR<br />HOLDING PERIOD<br />+90%<br />+44%<br />WORST RETURN<br /> WORST RETURN<br />-26%<br />-1%<br />+32%<br />+12%<br />
  17. 17. Myth Number TWO<br />Iwill get pension when I retire.<br />I don’t need retirement planning.<br />Expenses at the time of retirement<br />Skill set for retirement<br />
  18. 18. Myth number THREE<br />Insurance is very costly. <br />Term Plans are not<br />Ensure your dreams for loved ones become reality <br />
  19. 19. Inflation means Rs 10,000 would be…<br />
  20. 20. Myth Number FOUR<br />Gold jewels are an investment<br />Cost of procurement, cost of disposal<br />Growth in value only covers inflation<br />
  21. 21. Myth Number FIVE<br />My house and vehicles are my assets<br />Cash flow diagram & explanation<br />How they can be assets<br />
  22. 22. Cash flow diagram<br />
  23. 23. Myth Number SIX<br />To become a crorepathi is difficult<br />Possible with small amounts invested regularly also, if you start early.<br />Returns chart & savings amount<br />
  24. 24. Myth Number SEVEN<br />Salary has to be my main source of<br />income.<br />Types of People – 4<br />Be an Investor / Businessman<br />Leverage OPM, OPT<br />Leverage Technology<br />
  25. 25. Four Types of People<br />Businessman<br />Employed<br />Investor<br />Employed<br />Self Employed<br />
  26. 26. Kaun banega Crorepati ???<br />
  27. 27. Aap Bhi ban sakthe hain<br />And Finerva is always here to help you…<br />

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