Financial Literacy

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Financial Literacy - followed the concepts of Rich Dad & Poor Dad (Robert Kiyosaki)

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Financial Literacy

  1. 1. Financial Literacy Khuong Nguyen 25-July-2008
  2. 2. Introductions <ul><li>Rich dad - Poor Dad (Robert Kiyosaki) </li></ul><ul><li>Warren Buffet (stocks) </li></ul><ul><li>Donald Triump (real estate) </li></ul><ul><li>George Sorros (currency trading) </li></ul><ul><li>Bill Gates (IT Business) </li></ul><ul><li>Reference: Books, website, audio,… </li></ul>
  3. 3. Contents <ul><li>What is asset? What is liability? </li></ul><ul><li>How my cash flow looks like? </li></ul><ul><li>Am I employee, self-employed, business owner or investor? </li></ul><ul><ul><li>What are the differences? </li></ul></ul><ul><li>How to increase income, how to become rich? </li></ul><ul><li>What is investing? </li></ul>
  4. 4. Asset vs. liability <ul><li>What are your assets? </li></ul><ul><li>What are your expense / liabilities? </li></ul><ul><li>What are your boss’ assets? </li></ul><ul><li>Who is richer? Why? </li></ul><ul><li>In real world, what are assets? </li></ul>
  5. 5. The power of words <ul><li>The power of words </li></ul><ul><ul><li>Understand? </li></ul></ul><ul><ul><li>History / Herstory </li></ul></ul><ul><ul><li>Patient? </li></ul></ul><ul><ul><li>Component testing, integration testing, smoke test, … </li></ul></ul><ul><ul><li>Stub, driver, instrument, ... </li></ul></ul><ul><ul><li>Asset, liability, cash flow, profit, gross income, net income, revenue, ROI, … </li></ul></ul><ul><li>Start by learning vocabulary, it’s free. </li></ul><ul><li>It doesn’t take money to make money. It’s concept. Play with ideas and vocabulary. </li></ul>
  6. 6. Cash flow <ul><li>How is your cash flow looks like? </li></ul>
  7. 7. 3 types of cash flow
  8. 8. 3 types of cash flow
  9. 9. 3 types of cash flow
  10. 10. Quadrant <ul><li>Who is who? </li></ul>
  11. 11. Difference between the left and the right
  12. 12. Difference between the left and the right
  13. 13. Difference between the left and the right
  14. 14. Difference between the left and the right
  15. 15. Difference between the left and the right
  16. 16. Difference between the left and the right
  17. 17. <ul><li>How to increase income, to become rich? </li></ul><ul><ul><li>Inheritance </li></ul></ul><ul><ul><li>Superstar singer, movie start, superstar sport player, super model </li></ul></ul><ul><ul><li>Win lottery ticket </li></ul></ul><ul><ul><li>Being greedy </li></ul></ul><ul><ul><li>Being cheap </li></ul></ul><ul><ul><li>Crook, cheat, outlaw </li></ul></ul><ul><ul><li>Marriage </li></ul></ul><ul><ul><li>… </li></ul></ul><ul><ul><li>Being financial smart </li></ul></ul>
  18. 18. Recommend
  19. 19. Saving 1/10 Saving Investing Charity
  20. 20. Choose the game and learn to play the game
  21. 21. Best recommend + 3Es
  22. 22. Recommend <ul><li>Know 3 kinds of income: earned income, portfolio income, passive income </li></ul><ul><li>Secure, saving 1/10, 3 pigs: a pig for saving, a pig for investing, a pig for charity </li></ul><ul><li>Turn securities to portfolio and passive income as efficiently as possible </li></ul><ul><li>Prepare for whatever happened – choose your game and learn to play the game </li></ul><ul><li>3Es: Education, Experience, Excessive Cash </li></ul><ul><li>Best models + 3Es = millionaire, billionaire </li></ul>
  23. 23. Investing <ul><li>What is investing? </li></ul><ul><ul><li>Investing means different things to different people </li></ul></ul><ul><ul><ul><li>Investment products (stocks, real estate, gold, currency, mutual fund, insurance) </li></ul></ul></ul><ul><ul><ul><li>Investment procedure (trading, exchange, …) </li></ul></ul></ul><ul><li>Investing is a personal plan, not a product or a procedure </li></ul><ul><ul><li>Example of a person who have money and ask for advice of an experienced investor  important question: What if? / Investment advice is personal advice </li></ul></ul><ul><ul><li>Travelling, shopping, investing, saving, insurance, house, marriage, children, getting old </li></ul></ul>
  24. 24. <ul><li>Take time to think about a financial plan, ask for advisor, experienced people. Write it down, implement. </li></ul><ul><li>Hint: Good plan has ultimate objective to make you feel secure, comfortable and become rich. </li></ul>
  25. 25. Recall <ul><li>What is asset? What is liability? </li></ul><ul><li>How my cash flow looks like? </li></ul><ul><li>Am I employee, self-employed, business owner or investor? </li></ul><ul><ul><li>What are the differences? </li></ul></ul><ul><li>How to increase income, how to become rich? </li></ul><ul><li>What is investing? </li></ul>

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