Financial planning

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Financial planning

  1. 1. Future Planning<br />by<br />maXpertz<br />- Get the Money Avenues Expertise<br />
  2. 2. Agenda…<br />Insights on Cost of Living.<br />Financial planning.<br />Seven habits of highly ineffective investors.<br />Seven reasons why you need a financial planning coach.<br />
  3. 3. Future planning: A perspective<br />
  4. 4. <ul><li>Am I spending the right way?
  5. 5. Can I optimize it?</li></ul>Future planning fundamentals <br />
  6. 6. Outside factors impacting our planning <br />
  7. 7. Cost of Living will be key<br />
  8. 8. Some insights on Cost of Living…<br />
  9. 9. You start your day with a great break fast…<br />Can you guess what a simple idly vada break fast will cost you after 20 years?<br />
  10. 10. It’s going to cost Rs 990 after 20 years…!!!<br />
  11. 11. Imagine you are currently spending Rs 25,000 every month towards your monthly expenses on essentials…..<br />Can you guess what could that be after 20 years?<br />
  12. 12. It’s going to cost Rs 2.42 lacs after 20 years…!!!<br />
  13. 13. Imagine you were to spend Rs. 7.5 lacs towards professional education now for your kid..<br />Can you guess what could that be after 15 years?<br />
  14. 14. It’s going to cost Rs 61 lacs after 15 years…!!!<br />
  15. 15. Imagine if you were to spend Rs. 15 lacs towards foreign education for your kid now..<br />Can you guess what could that be after 15 years?<br />
  16. 16. It’s going to cost Rs 1.23 Crores after 15 years…!!!<br />
  17. 17. Imagine if you were to retire now and have Rs. 25 lacs for your retirement life..<br />Can you guess what could that be after 20 years?<br />
  18. 18. You would need Rs 4.10 Crores after 20 years…!!!<br />
  19. 19. Rising cost of living* in our day to <br />day life…<br />Rate of inflation for the essentials assumed at 12% PA. These prices provide an indicative view of the future. The future costs can be impacted by the demand/supply factor which can potentially push up the prices of the essentials like the current onionomania. <br />
  20. 20. Which way is the balance tilting?<br />
  21. 21. maXpertz- Pyramid of Life priorities <br />
  22. 22. How much cover is a good cover?<br />
  23. 23. Taking cover: Earlier the better…<br />
  24. 24. Financial planning process<br />
  25. 25. Goals – Few examples<br />
  26. 26. Objectives – Few examples<br />
  27. 27. Product categories – Few examples<br />
  28. 28. Seven habits of highly ineffective investors…<br />1. Keeping all your money in the bank account which earns very low interest…<br />
  29. 29. Seven habits of highly ineffective investors…<br />2. Assuming one to be old or too young to plan the investments…<br />
  30. 30. Seven habits of highly ineffective investors…<br />3. Great to be busy @ work.. But that being a reason to avoid personal financial planning.<br />
  31. 31. Seven habits of highly ineffective investors…<br />4. Postponing the financial planning for tomorrow.<br />
  32. 32. Seven habits of highly ineffective investors…<br />5. Treating personal financial planning as a boring exercise <br />
  33. 33. Seven habits of highly ineffective investors…<br />6. Not saving a regular amount on your monthly earnings…<br />
  34. 34. Seven habits of highly ineffective investors…<br />7. Not having adequate insurance cover for self and the family…<br />
  35. 35. How do you go forward?<br />
  36. 36. You got to have a financial planning coach…<br />
  37. 37. 7 compelling reasons why you need a financial planning coach……<br />
  38. 38. 1. To put your financial house in order…<br />
  39. 39. 2. You are busy which leaves no<br />time for financial planning…<br />
  40. 40. 3. In a dynamic world a financial planning coach is a must…<br />
  41. 41. 4. Your money should work <br />as hard as you work for that money…<br />
  42. 42. 5. For one stop investment solutions…<br />
  43. 43. 6. Assist you in setting financial goals…<br />
  44. 44. 7. Millionaire or not. A financial planning coach is a must for any one who has financial goals…<br />
  45. 45. Self questionnaire…<br /><ul><li>Am I saving?
  46. 46. Am I saving enough?
  47. 47. Am I deploying the saved money in the best investment options?
  48. 48. Am I spending the right way?</li></li></ul><li>Self questionnaire…<br /><ul><li>Have I taken a comprehensive life cover?
  49. 49. Have I rationalized my debts?
  50. 50. Can I retire some of the debts?
  51. 51. Have I planned for my immediate and distant future?
  52. 52. Most of all, do I have a clear financial plan?</li></li></ul><li>maXpertz Wealth Managers’<br />for financial planning solutions…<br />
  53. 53. maXpertz Wealth Managers’..<br />http://mymoneyavenues.blogspot.com/<br />

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