• Independent advisors and distributor of financial products, real estate & loans
• Vast Industry experience with comprehensive knowledge of financial products, real estate & mortgage
• Working with Business Class, Professionals, Self Employed & employees of Corporates such as GE Capital, Evalueserve, Simon Carves, Metso Minerals, Canon, McKenzie, Genpact, Cairn India, Philips, Punj Lloyd, Cargill, Hughes, etc.
In every movie, at the end everything goes well and movie ends happily and if it didn’t, then... "Picture abhi baaki hai mere dost"
How happy we’ll be if our life turns out to be like a movie, no? But the truth is … Life is not a movie. We all know about the hardship and struggle of life. But YES, if we plan our finances and manage it properly then we can surly make the story of our life “Happy".
So where ever you are and in whatever condition, let's start planning our finance because."Picture abhi baaki hai mere dost...". We at financial Hospital is coming with a session on how to plan and where to find safe heaven for your finance. Read on to make yourself a super hero of your own life movie.
Financial Planning is a long term process through which you can achieve your financial goals. We at Financial Hospital bring to you a presentation to help you understand the basics of having a healthy and planned financial future.
This presentation is made by students of ACPCE - Anamika Mishra, Kirti Karawde, Prathamesh Mahadik, and Ritik Kale.
This presentation introduces the concept of financial literacy to the young generation. It also gives tips on how to go from financially crippled to financially able.
I am glad that our small quarterly magazine "Life-A Promise" has published on time. The extraordinary achievements of the children always motivated me. I am proud to be able to highlight the achievements of some of the children of Shillong in this issue.. Everbloom K. Nongrum, Miss Bipasha Dhar, Master Arman Sharma, Master Saruya Kanuar, Miss Debashmita Chakraborty these five little children has done extraordinary jobs in their respective field. This issue is the witness of their achievements. Our Best Wishes to these little kids. Gopinath Sir's wonderful article is like a gift to us. We must read again and again "Why Discipline savings is always ahead than financial intelligence". With your good wishes and love, I will go ahead with something new again. Thank you all.
• Independent advisors and distributor of financial products, real estate & loans
• Vast Industry experience with comprehensive knowledge of financial products, real estate & mortgage
• Working with Business Class, Professionals, Self Employed & employees of Corporates such as GE Capital, Evalueserve, Simon Carves, Metso Minerals, Canon, McKenzie, Genpact, Cairn India, Philips, Punj Lloyd, Cargill, Hughes, etc.
In every movie, at the end everything goes well and movie ends happily and if it didn’t, then... "Picture abhi baaki hai mere dost"
How happy we’ll be if our life turns out to be like a movie, no? But the truth is … Life is not a movie. We all know about the hardship and struggle of life. But YES, if we plan our finances and manage it properly then we can surly make the story of our life “Happy".
So where ever you are and in whatever condition, let's start planning our finance because."Picture abhi baaki hai mere dost...". We at financial Hospital is coming with a session on how to plan and where to find safe heaven for your finance. Read on to make yourself a super hero of your own life movie.
Financial Planning is a long term process through which you can achieve your financial goals. We at Financial Hospital bring to you a presentation to help you understand the basics of having a healthy and planned financial future.
This presentation is made by students of ACPCE - Anamika Mishra, Kirti Karawde, Prathamesh Mahadik, and Ritik Kale.
This presentation introduces the concept of financial literacy to the young generation. It also gives tips on how to go from financially crippled to financially able.
I am glad that our small quarterly magazine "Life-A Promise" has published on time. The extraordinary achievements of the children always motivated me. I am proud to be able to highlight the achievements of some of the children of Shillong in this issue.. Everbloom K. Nongrum, Miss Bipasha Dhar, Master Arman Sharma, Master Saruya Kanuar, Miss Debashmita Chakraborty these five little children has done extraordinary jobs in their respective field. This issue is the witness of their achievements. Our Best Wishes to these little kids. Gopinath Sir's wonderful article is like a gift to us. We must read again and again "Why Discipline savings is always ahead than financial intelligence". With your good wishes and love, I will go ahead with something new again. Thank you all.
Our quarterly magazine "LIfe-A Promise" has blossomed in a new way. It is only with your blessings that we have been able to republish this magazine amidst the sweet fragrance of festivals. Thank you all. I would urge everyone to read Gopinath Sir's article. We are very happy to be able to print beautiful writings of the youngest students of Shillong. We need blessings from all our readers and well wishers
a Presentation by Association of Bank Remittance Officers, Inc. (ABROI) at the BSP Regional Financial Literacy Campaign for OFWs in Cebu City, Philippines on February 28, 2006
Why Retirement plan ( Things to remember while planning for retirement )Singharoy Investment
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Starting early helps save more
It's good if you start planning your finances early – your financial commitments are likely to be fewer, and hence you can salt away more. Planning at the early years of your career also helps compound the corpus many times by the time you retire.
Things to remember while planning for retirement
1: Decide how much income you require to live comfortably in your post-retirement years. Consider aspects like increased medical costs, vacations but reduce costs like children's education and rent, if you own your home. You must map this income on basis of your current lifestyle.
2: Determine how much you need to save regularly, starting today, to have the right amount. Start allocating as much as you can towards your retirement kitty. In case you are currently not in a position to set apart the funds required, start with whatever is at your disposal.
3: Select the right retirement plan, which will help you meet your post-retirement requirements.
4: Start saving now! Then you will have time on your side and can enjoy the power of compounding.
5: Systematically invest a fixed amount every month for your post-retirement years and lead a tension free healthy retirement.
Not only is retirement planning an essential aspect of one's overall financial planning exercise but is also crucial to be commenced early in life. One must always remember that systematic and early retirement planning can help you reduce your financial burden incurred during the post retirement years and help you plan for a carefree and financially secured post retirement life today.
This webinar will discuss one of the most important savings goals of American families: saving money for a comfortable retirement. Specific topics to be covered include research findings about the retirement preparedness of American families, conflicting opinions about “the number” (i.e., amount of money needed to comfortably retire), factors that influence the number, and retirement savings calculation tools such as the Ballpark Estimate and Monte Carlo simulations. Case studies and chat questions will be included to apply the webinar content to real world situations.
In gearing up for America and Military Saves Weeks, Dr. Barbara O'Neill will present this 90-minute webinar on the tools and resources available for calculating the amount individuals and couples need to save for retirement, on behalf of the Military Families Learning Network.
Retirement planning is using your earnings to provide income, after you retire from work. Start planning for retirement now. We can help you use your savings today, to live a comfortable life tomorrow.
Watch our webinar about financial planning for women in the education community.
Some of the topics covered include:
How different life changes affect a woman’s finances
How to take control of your money
Understanding your investment options
The financial effects of future care giving duties
How to protect you and your family
Ways to become more financially savvy
It’s a live, web-based show hosted by Bruce Sellery, a former BNN anchor, and Lisa Raponi, a Certified Financial Planner.
Our quarterly magazine "LIfe-A Promise" has blossomed in a new way. It is only with your blessings that we have been able to republish this magazine amidst the sweet fragrance of festivals. Thank you all. I would urge everyone to read Gopinath Sir's article. We are very happy to be able to print beautiful writings of the youngest students of Shillong. We need blessings from all our readers and well wishers
a Presentation by Association of Bank Remittance Officers, Inc. (ABROI) at the BSP Regional Financial Literacy Campaign for OFWs in Cebu City, Philippines on February 28, 2006
Why Retirement plan ( Things to remember while planning for retirement )Singharoy Investment
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Starting early helps save more
It's good if you start planning your finances early – your financial commitments are likely to be fewer, and hence you can salt away more. Planning at the early years of your career also helps compound the corpus many times by the time you retire.
Things to remember while planning for retirement
1: Decide how much income you require to live comfortably in your post-retirement years. Consider aspects like increased medical costs, vacations but reduce costs like children's education and rent, if you own your home. You must map this income on basis of your current lifestyle.
2: Determine how much you need to save regularly, starting today, to have the right amount. Start allocating as much as you can towards your retirement kitty. In case you are currently not in a position to set apart the funds required, start with whatever is at your disposal.
3: Select the right retirement plan, which will help you meet your post-retirement requirements.
4: Start saving now! Then you will have time on your side and can enjoy the power of compounding.
5: Systematically invest a fixed amount every month for your post-retirement years and lead a tension free healthy retirement.
Not only is retirement planning an essential aspect of one's overall financial planning exercise but is also crucial to be commenced early in life. One must always remember that systematic and early retirement planning can help you reduce your financial burden incurred during the post retirement years and help you plan for a carefree and financially secured post retirement life today.
This webinar will discuss one of the most important savings goals of American families: saving money for a comfortable retirement. Specific topics to be covered include research findings about the retirement preparedness of American families, conflicting opinions about “the number” (i.e., amount of money needed to comfortably retire), factors that influence the number, and retirement savings calculation tools such as the Ballpark Estimate and Monte Carlo simulations. Case studies and chat questions will be included to apply the webinar content to real world situations.
In gearing up for America and Military Saves Weeks, Dr. Barbara O'Neill will present this 90-minute webinar on the tools and resources available for calculating the amount individuals and couples need to save for retirement, on behalf of the Military Families Learning Network.
Retirement planning is using your earnings to provide income, after you retire from work. Start planning for retirement now. We can help you use your savings today, to live a comfortable life tomorrow.
Watch our webinar about financial planning for women in the education community.
Some of the topics covered include:
How different life changes affect a woman’s finances
How to take control of your money
Understanding your investment options
The financial effects of future care giving duties
How to protect you and your family
Ways to become more financially savvy
It’s a live, web-based show hosted by Bruce Sellery, a former BNN anchor, and Lisa Raponi, a Certified Financial Planner.
Investor awareness programs in Indian equity markets provide foundational knowledge, risk management strategies, and market insights. Participants learn about equity investments, risk assessment, and market analysis, empowering them to make informed decisions. Strategies such as diversification and ethical investing are emphasized, while technology is leveraged for efficient portfolio management. Continuous learning ensures investors stay updated on market trends. These programs foster a knowledgeable and resilient investor community, enhancing the integrity and efficiency of the market ecosystem. For more information Contact https://www.Rytvae.com
How to be your own Financial Planner?
Think a little, Things will be easier later on.
This Presentation is to support our readers by providing them with a road map to make right choices today for achieving bigger goals tomorrow.
There is a Saying, “ IF YOU FAIL TO PLAN, YOU PLAN TO FAIL” .. i.e. “If you fail to plan, you are planning to fail.”Finance is a very integral part of our lives. We work hard all throughout, fulfilling wishes like buying a house, going on a dream vacation, children’s marriage, child’s education and much more. But all the hard work will not have any significance if one doesn’t make a proper Goal plan for their future. A proper plan of investments Mix that will give good yields at proper time is a must for everyone.
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Are Gutters Necessary? Explore the details now!AmeliaLauren3
Gutters are typically installed at a slight downward slope to allow water to flow freely towards downspouts or drains – the downspout being the vertical pipe attached to the gutters. The water is subsequently transported by the downspout to either the ground or an underground drainage system. Maintaining a gutter system that is free of blockages and functional requires regular maintenance.
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4. Understanding My Finances
4 5
“I earn enough, but where does my money go?”
How many of you ask this question?
Cash Flow Statement or Budget
5. Other
Income
Preparing My Monthly Cashflow
Rs.INCOME Rs. EXPENSES Rs. EMI
Salary Living Expense Home Loan
Spouse Salary Rental Car Loan
Rental Income Insurance Premium Education Loan
6
6
Other Monthly Other Loan
Expenses
6. How Am I Doing?
6
● EMIs < 25% of income
Suggested ranges:
●Expenses < 40% of income
7
● Monthly savings > 35% of income
7. ASSETS Rs.
Real Estate
Bank Balance
FD/ Mutual Fund
Other
Financial
Investment
Car, Jewellery
Calculating My Networth
7
Net Worth = Total Assets – Total
Liabilities
LIABILITIES Rs.
Home Loan
Car Loan
Personal Loan
9. Getting Rich
9
What does being rich mean?
• Creating alternate sources of income that give you
financial freedom
• Its NOT about earning a higher salary, but what
you do with that salary
• Create assets......which create income so that you can
achieve your dreams
10. The Money Cycle
Rise in Income
How most of us manage
money?
11
Rise in
Consumption
Decrease in
NetworthRise in Loans
Rise in EMI
14. 07/17/09
Getting Rich and Staying Rich
14
Invest and generate alternate income from investments
Before taking any financial decision, think what it will do to
your networth:
- Increase networth, or
- Decrease networth
15
16. Buying a home
What Are Your Dreams – financial goals?
16 17
Buying your dream car
17. What Are Your Dreams?
17
Foreign education for child
18
Having a fulfilling retired life
18. Case Study, How Inflation matters
18 19
Dream:
My dream is to send my child to U.S.A for higher education,
when she turns 18.
Goal:
Today's Value (Rs): 50 Lakhs When (year): After 5 years
Inflation: 8%
Money required (Rs): 73 Lakhs
19. Ways to meet my financial goal
19 20
Buying a house/ car/ funding child education, etc
1.My current assets – FDs, savings acct balance, Equity,
Mutual funds, real estate, etc
2.My month on month savings – surplus generated
every month – where to be invested
3.Loan – Is it right to take a l an or not? How much loan
will I be allowed? Will my cash flow support proposed
EMI today or on future date?
•The question in my mind – are the above enough, is the
future value of education being met by above means, if
no what’s the deficit?
20. Financial Planning Helps to understand
20 21
• Helps to know what’s the future value of my goals
• What’s the future value expected of my current assets
• Helps to know if my surplus is enough to fund this deficit
• Helps to know if loan is required and if yes, will I be able
to pay the projected EMI
• Helps to run alternate scenarios by deferring goal/
Preponing goals/ changing the income level/ advice on
estimated expenses
21. Albert Einstein:
Beat Inflation With Compounding
21 22
“Compounding is mankind’s greatest
invention because it allows for the reliable,
systematic accumulation of wealth.”
22. 07/17/09
Impact Of Compounding
22 23
Raj and Rita are twins, but see the world of investing very
differently.
Rita: Starting age 25, invested Rs 2 lakhs per annum for 10 years
and then stopped
Raj: Starting age 35, invested Rs 2 lakhs per annum for 30
years till he turned 65
23. 07/17/09
Impact of Compounding
23
Age Investment Rate of
Return
Networth at
65
Rita 25 2 Lakh p.a.
for 10 years
8% 2.71 crores
Raj 35 2 Lakh p.a.
for 30 years
8% 2.25 crores
24. Where Should I Invest?
26
26
No simple answer - all of us are unique
•Personality
•Risk tolerance
•Existing situation
•Doctors don’t give the same medicine to all
patients
•Prescribed medicine depends upon
• Diagnostic to identify symptoms
• Tolerance for dosage
• Pre-existing conditions and allergies
29. What Uncertainties Do We Face In Life?
29 31
• Death
• Disability or loss of health
• Burglary at house
• Earthquakes and other natural disasters
• Uncertainty about achieving goals
30. Protecting Life
30 32
Life Insurance - Key questions to ask
•Do I need Life Insurance?
•How much insurance cover do I need?
•Which is the right kind of policy for me?
•How much does insurance cost?
31. Present value
of HH Expense
of survivor
(A)
+
Present value
of Financial
Goals
(B)
+
TOTAL
(A+B+C)
-
Less : All
current assets
-
Calculating My Life Insurance Need
31
Current value
of LOANS
(C)
=
TOTAL
(A+B+C)
Less: Present
value of
Survivors
Income
-
Less: Current
Life
Insurance
coverage
=
Actual SUM
ASSURED
REQUIRED
Present value of
Future Expenses
(A)
32. Emergency Protection
32 34
Do you have a contingency fund for emergencies?
These emergencies could be:
•Loss of Job
•A medical condition not covered by insurance
•Temporary disability or accident
•Other unplanned circumstances
33. Emergency Fund
33 35
How much is enough?
For salaried people:
3 – 6 months of committed expenses, which
include EMIs, insurance premiums, house rent,
household expense, etc.
For self employed:
6 - 9 months of committed expenses.
34. Role of Written Financial Plan
34 36
Irrespective of how you do it, you should have a written financial
plan in place because of following facts:
1. 88% or pre-retirees with written financial plan vs. 50%
without it (Study conducted in US)
2. Higher savings rate
3. Confidence to achieve goals on time for yourself and family
35. Yes, you can.
Provided you have...
•expertise
•experience, and
•time
Can You Make Your Own Financial Plan?
DIY – Do it yourself!
35 37
41. Seminar Take Aways
1. understand my finances – my cash flow and net worth.
2. work for my dreams by converting them into goals.
3. watch out for inflation, money in my savings accounts is just losing value.
4. make sure that compounding is on my side, and not against me.
5. choose an asset allocation that is best suited for me.
6. prioritize my goals and create a plan to fund each one of them.
7. buy insurance for my family and my assets.
8. always maintain an emergency fund.
9. watch out for distractions, won't spend on things that I don't really need.
10. choose and stick to a financial advisor I can trust.
I will...
44
44