3. Financial Education
School may teach us how to earn money ,but it
is useless unless we understand how to manage
money!!!!!!
4.
5. Milestone
• Two sources of Income.
• Many sources of spending.
• Money management is on
the back burner.
Tablet
• Personal Loan
• Loan taken from friends.
• Increasing the sources of
Income.
Happily
Married
6. Milestone
• House is an Asset
• Practice property is
my need
• Car is status
Tablet
• Home Loan
• Business Loan
• Car Loan
HOME , CAR , CLINIC
7.
8. Milestone
• Child brings happiness
• Child added new
dreams
Tablet
• Child policy from agent
• Investment agents
proposes hot investments
CHILD BRINGS
HAPPYNESS
9. RISK
• Cash flow problem –Income is coming on
way and going from other side EMI, Taxes,
Expenses.
•What if something happens to you???
•Have you created specific plans so that your
family doesn’t suffer?
•Are you creating more assets or liabilities?
10. Tablet
• CA for Financial Planning
• Insurance Agent Managing
Insurance Portfolio
• Referring Friends, Newspaper
& Media
Milestone
• Planning retirement
• Transferring wealth to
next generation
Planning Retirement
11. When your health is not in
order would you like to go to
Doctor or Chemist???
12. What is missing in the treatment?
• Lack of time given to PFM
• Too many Loans
• Thinking that CA as their Financial Planners
• Inadequate Insurance against the risk of Death,Disability,Criticall
Illness
• Majority Investment in Real Estate
• Investment done in ad hoc manner
• Not keeping proper accounts
13. Prescription for Financial Health
1. Select a Qualified Financial Advisor.(Preferably a CFP,CWM)
2. Identify your Financial goals
3. Take a holistic View
4. Simplify your financial life!!!!
5. Manage your Emotions
6. Have a written Financial Plan
