Mutual funds provide investors access to a professionally managed portfolio of securities, allowing them to benefit from the expertise of fund managers without needing substantial capital. They offer investors an affordable way to diversify their holdings across different asset classes and companies to reduce risk. Over the long run, mutual funds aim to achieve higher returns than fixed-income instruments like savings accounts through exposure to growth opportunities in the market.
IMG is an independent marketing company that offers a broad array of financial services and products through affiliated companies. Its mission is to help families achieve their financial goals and revolutionize the financial services industry with a fresh approach. The company aims to empower people by changing them from spenders and savers to entrepreneurs, investors, and deliver a financial wake-up call. IMG offers a total financial solution including financial literacy programs, direct access to financial services companies, and investment and business opportunities to build passive income for retirement.
This document provides information about financial coaching to help build a solid financial foundation and become truly rich. It discusses developing good financial habits like paying yourself first, managing debts, increasing your cash flow, and protecting yourself through insurance. It also covers financial literacy topics like inflation, compound interest, and investing for retirement. The overall message is that with the right knowledge and discipline, anyone can take control of their finances and achieve their dreams and goals.
Brett Cranson held a financial seminar covering various topics to help attendees reduce debt, budget planning, and reach financial goals. The seminar discussed the differences between good and bad debt, how to pay down credit card debt and create a budget. It also covered saving strategies like RRSPs, TFSAs, RESPs and when to consider life and critical illness insurance. The overall seminar provided guidance on developing both short and long-term financial plans.
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial independence is possible with the
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial literacy and entrepreneurship are
This document provides an overview of financial literacy concepts and business opportunities through IMG. It discusses key concepts like the X-curve for managing responsibilities and savings over time, the rule of 72 for understanding compound interest, and paying yourself first to build savings. The document then outlines IMG's business model of providing a one-stop shop for financial services and bypassing middlemen to earn commissions directly. It encourages attendees to choose between learning more as a client or joining the business to help others achieve financial freedom.
This document discusses financial planning and how it can help individuals achieve their goals. Financial planning involves defining short and long term goals, assessing current finances and commitments, deciding future objectives, identifying strategies, implementing and monitoring a plan. It helps manage income, assets, investments, debts and loans over one's lifetime as their needs and priorities change. Major life events like marriage, children, retirement, illness or death require financial preparation. Financial planners can help clients manage their entire financial universe through portfolio creation, cash flow management, tax planning, risk management, and estate planning tailored to their life stage and needs.
This document provides tips and strategies for managing personal finances. It discusses earning money, spending habits, saving, investing, and giving. Some key points include tracking expenses, setting financial goals to save 10-20% of take-home pay and live on 70%, paying yourself first by saving, reducing costs through eliminating unnecessary spending, getting out of debt, and creating a 90-day plan to improve money management skills and turn finances around. The document emphasizes taking action, getting started, and not putting off improving one's financial situation.
IMG is an independent marketing company that offers a broad array of financial services and products through affiliated companies. Its mission is to help families achieve their financial goals and revolutionize the financial services industry with a fresh approach. The company aims to empower people by changing them from spenders and savers to entrepreneurs, investors, and deliver a financial wake-up call. IMG offers a total financial solution including financial literacy programs, direct access to financial services companies, and investment and business opportunities to build passive income for retirement.
This document provides information about financial coaching to help build a solid financial foundation and become truly rich. It discusses developing good financial habits like paying yourself first, managing debts, increasing your cash flow, and protecting yourself through insurance. It also covers financial literacy topics like inflation, compound interest, and investing for retirement. The overall message is that with the right knowledge and discipline, anyone can take control of their finances and achieve their dreams and goals.
Brett Cranson held a financial seminar covering various topics to help attendees reduce debt, budget planning, and reach financial goals. The seminar discussed the differences between good and bad debt, how to pay down credit card debt and create a budget. It also covered saving strategies like RRSPs, TFSAs, RESPs and when to consider life and critical illness insurance. The overall seminar provided guidance on developing both short and long-term financial plans.
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial independence is possible with the
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial literacy and entrepreneurship are
This document provides an overview of financial literacy concepts and business opportunities through IMG. It discusses key concepts like the X-curve for managing responsibilities and savings over time, the rule of 72 for understanding compound interest, and paying yourself first to build savings. The document then outlines IMG's business model of providing a one-stop shop for financial services and bypassing middlemen to earn commissions directly. It encourages attendees to choose between learning more as a client or joining the business to help others achieve financial freedom.
This document discusses financial planning and how it can help individuals achieve their goals. Financial planning involves defining short and long term goals, assessing current finances and commitments, deciding future objectives, identifying strategies, implementing and monitoring a plan. It helps manage income, assets, investments, debts and loans over one's lifetime as their needs and priorities change. Major life events like marriage, children, retirement, illness or death require financial preparation. Financial planners can help clients manage their entire financial universe through portfolio creation, cash flow management, tax planning, risk management, and estate planning tailored to their life stage and needs.
This document provides tips and strategies for managing personal finances. It discusses earning money, spending habits, saving, investing, and giving. Some key points include tracking expenses, setting financial goals to save 10-20% of take-home pay and live on 70%, paying yourself first by saving, reducing costs through eliminating unnecessary spending, getting out of debt, and creating a 90-day plan to improve money management skills and turn finances around. The document emphasizes taking action, getting started, and not putting off improving one's financial situation.
Vicki Wusche and Loran Northey - The Property Sourcers, reveal the shocking truth in this report. Do you realise how little your pension will be by the time you retire? The government cannot sustain this ageing population!
Did you know that you can do something about it?
If you have questions - we can help. Please contact us at Ask@ThePropertySourcers.com or call us. The report contains links to a series of videos that we are releasing on the subject.
We would love to have an informal chat with you to see if we can help
The document discusses the challenges many people in North America will face in the future regarding retirement. These challenges include an uncertain job market due to automation, low savings and high debt, high education costs, and pressure on government retirement programs from budget deficits. It argues that taking control of personal finances by saving money, managing debt, and properly protecting oneself can help build a strong financial foundation to better handle these challenges. It promotes World Financial Group as providing education and assistance to help people take control of their finances.
Selling the Invisible: Making Financial Products Understandable and Relevant ...Learning Curve Inc.
The document discusses financial literacy and planning for average Filipinos. It begins by noting that the average financial intelligence quotient of Filipinos is low. It then outlines how financial needs and family structures have changed over time, making financial planning more important. The rest of the document provides advice on developing a financial plan, including increasing income, managing debts, creating an emergency fund, ensuring proper insurance coverage, building long-term assets, and preserving one's estate. It emphasizes starting financial planning early rather than in times of crisis. Specific investment vehicles like mutual funds are also discussed. The overall message is on the importance of financial literacy and planning for Filipinos to achieve financial freedom and security.
The document discusses an estate planning attorney who attended a meeting with a financial planner and client. The financial planner unveiled an innovative wealth replacement strategy using permanent life insurance. This intrigued the attorney, as it could help clients recover from stock market losses and ensure retirement income. The strategy guarantees a death benefit, allows spending principal, and increases retirement income and flexibility. The attorney adopted the strategy and it eased his fears about having enough money in retirement.
The document discusses different retirement savings options such as 401(k)s, IRAs, and pensions. It provides details on contribution limits, tax advantages, and investment growth over time for each option. The main message is that starting to save for retirement early, even in small amounts each week, can significantly increase the total savings one accumulates by retirement age.
Financial planning involves identifying an individual's financial needs and goals over time and developing a strategy to meet those needs and goals. The key objectives of financial planning are to identify monetary requirements, prioritize financial needs, assess one's current financial position, plan savings and investments to achieve goals, and optimize returns through diversification. Systematic investment plans (SIPs) allow regular investing of small amounts in mutual funds and are an effective way to benefit from rupee cost averaging and the power of compounding returns over the long term. Insurance provides protection from life's uncertainties and ensures one's dependents are provided for in times of need.
1) The document outlines the steps for retirement planning which include identifying goals and expenses, inventorying assets and income sources, analyzing the likelihood of reaching goals, creating an action plan, and monitoring the plan.
2) It emphasizes prioritizing retirement objectives from most to least important and quantifying essential versus non-essential expenses.
3) Key retirement income sources like Social Security, pensions, and investments are discussed along with ensuring reliable income will cover minimum expenses and filling any gaps.
Financial planning is a long-term process of managing one's finances to achieve goals. It provides a roadmap to financial well-being and sustainable wealth creation. Many misconceptions exist, such as that it only involves budgeting or is only for the wealthy. Financial planning is needed due to risks like living too long in retirement, changing lifestyles, inflation, and lack of social security. It involves understanding assets, liabilities, priorities, timelines, and appropriate investment vehicles. Starting financial planning early allows greater benefits of compounding returns. Using systematic investment plans smooths out market volatility for better long-term returns. Financial planners can help develop and implement customized plans.
This document discusses how life insurance can be viewed as an asset within an individual's portfolio. It notes that while life insurance is traditionally thought of as a means to financially protect one's family, it also has the potential to offer tax advantages as a savings and investment vehicle. The document outlines some key advantages life insurance can provide as an asset, such as leveraging premium payments into a sizable death benefit, providing access to cash value that can supplement retirement income, and allowing wealth to be transferred tax-free via its death benefit. It also discusses how life insurance compares to other tax-advantaged assets like Roth IRAs, Roth 401(k)s, municipal bonds, and cash value life insurance in terms of various federal tax
The document discusses risks in retirement planning. It defines risk as the potential for injury or loss. Traditional planning focuses on asset allocation during accumulation, but the goal is to transition savings into lifelong income during retirement. The key risks in retirement include market risk, longevity risk, inflation risk, health expenses, and lack of guaranteed income streams. The document advocates building a "retirement income survival kit" to address these risks.
1) Only 2% of Indians file income tax returns due to fear of disclosure or complexity.
2) Various sources of income including salary, house property, business, capital gains, and others are outlined, with tax rates provided for different income levels and citizen types.
3) Tools for tax planning include deductions and allowances under Section 10 and Chapter VI A for items like housing loan interest, medical expenses, investments, education loans, and donations. Proper documentation is important for claiming deductions.
The document discusses credit card interest rates and how to calculate effective interest rates. It provides examples of calculating future values of investments with different interest rates compounded at various time periods, from daily to annually. The rule of 72 is introduced as a way to estimate doubling time for investments based on the interest rate.
This document provides a beginner's guide to protecting one's future through various types of insurance policies. It discusses why protection is important, especially for those with dependents. The different types of policies covered include life assurance, income protection, critical illness coverage, and long term care insurance. For each type, it gives a brief overview of what the policy provides and who might benefit from it. The document stresses the importance of considering one's individual situation to determine the best options for protection. It concludes by offering to provide a comprehensive review and customized plan for the reader.
Lunch & Learn w/Options February 15, 2013Laurie Itkin
The document is a terms of use and disclaimer for an options trading seminar presented by Laurie Itkin. It states that Laurie Itkin and The Options Lady will not be responsible for any trading losses incurred. It also notes that options trading carries risk and past performance is not indicative of future results. The disclaimer concludes by stating any opinions expressed by Laurie Itkin are not intended as inducement to make particular investments.
The document discusses the importance of financial literacy and planning for overseas Filipino workers, outlining the benefits of financial instruments like remittances, treasury bills, retail bonds, mutual funds and insurance plans. It provides examples of calculating returns on investments in these instruments over various time periods. The overall goal is to educate overseas workers on savings options and investing remittances for future needs.
Do You Understand the Cost of Waiting? This presentation is a basic example of what the majority of Americans do when it comes to planning. Be the exception to the rule!
This document provides information about developing financial skills. It discusses creating a budget to identify income and expenses. Key parts of a budget include fixed expenses, variable expenses, and paying yourself first by including savings as an expense. The document also discusses the power of compound interest in savings and how small increases in savings amounts or interest rates can significantly impact the total savings over time.
This document provides guidance on creating and managing a personal spending plan. It discusses the importance of having a spending plan, common errors to avoid, and strategies to improve cash flow. Key steps for preparing a spending plan are outlined, including tracking income and expenses over time, accounting for irregular expenses, and setting financial goals. Behavior change strategies are proposed, such as finding small amounts of "found money" by reducing everyday costs. The document also addresses managing savings, taxes, and budgeting methods.
This document discusses financial planning and investment options for executives. It provides an overview of basic savings and investment concepts like compound interest and inflation. It also outlines the steps in budgeting and financial planning. Various investment assets are mentioned like bank deposits, mutual funds, stocks, insurance products, and more. The importance of starting early with savings and investments to benefit from compounding returns over the long term is emphasized.
The document provides information on 6 steps to achieving financial security: 1) Increase cashflow by earning additional income or managing expenses, 2) Manage debt by consolidating or eliminating bad debt, 3) Create an emergency fund of 3-6 months' expenses, 4) Ensure proper protection through insurance, 5) Build long-term savings and investments like mutual funds and real estate, and 6) Preserve your estate through proper documentation like a will. It emphasizes paying yourself first, getting out of debt before investing, and investing safely to build a solid financial foundation and transfer wealth to future generations.
This document summarizes a marketing presentation for a financial services company called HBW. It promotes HBW's products like life insurance, annuities, and trusts which help build wealth. It highlights the growth opportunity in the industry given an aging population. Representatives can earn income from commissions on sales and build a business part or full-time with competitive products and support.
Vicki Wusche and Loran Northey - The Property Sourcers, reveal the shocking truth in this report. Do you realise how little your pension will be by the time you retire? The government cannot sustain this ageing population!
Did you know that you can do something about it?
If you have questions - we can help. Please contact us at Ask@ThePropertySourcers.com or call us. The report contains links to a series of videos that we are releasing on the subject.
We would love to have an informal chat with you to see if we can help
The document discusses the challenges many people in North America will face in the future regarding retirement. These challenges include an uncertain job market due to automation, low savings and high debt, high education costs, and pressure on government retirement programs from budget deficits. It argues that taking control of personal finances by saving money, managing debt, and properly protecting oneself can help build a strong financial foundation to better handle these challenges. It promotes World Financial Group as providing education and assistance to help people take control of their finances.
Selling the Invisible: Making Financial Products Understandable and Relevant ...Learning Curve Inc.
The document discusses financial literacy and planning for average Filipinos. It begins by noting that the average financial intelligence quotient of Filipinos is low. It then outlines how financial needs and family structures have changed over time, making financial planning more important. The rest of the document provides advice on developing a financial plan, including increasing income, managing debts, creating an emergency fund, ensuring proper insurance coverage, building long-term assets, and preserving one's estate. It emphasizes starting financial planning early rather than in times of crisis. Specific investment vehicles like mutual funds are also discussed. The overall message is on the importance of financial literacy and planning for Filipinos to achieve financial freedom and security.
The document discusses an estate planning attorney who attended a meeting with a financial planner and client. The financial planner unveiled an innovative wealth replacement strategy using permanent life insurance. This intrigued the attorney, as it could help clients recover from stock market losses and ensure retirement income. The strategy guarantees a death benefit, allows spending principal, and increases retirement income and flexibility. The attorney adopted the strategy and it eased his fears about having enough money in retirement.
The document discusses different retirement savings options such as 401(k)s, IRAs, and pensions. It provides details on contribution limits, tax advantages, and investment growth over time for each option. The main message is that starting to save for retirement early, even in small amounts each week, can significantly increase the total savings one accumulates by retirement age.
Financial planning involves identifying an individual's financial needs and goals over time and developing a strategy to meet those needs and goals. The key objectives of financial planning are to identify monetary requirements, prioritize financial needs, assess one's current financial position, plan savings and investments to achieve goals, and optimize returns through diversification. Systematic investment plans (SIPs) allow regular investing of small amounts in mutual funds and are an effective way to benefit from rupee cost averaging and the power of compounding returns over the long term. Insurance provides protection from life's uncertainties and ensures one's dependents are provided for in times of need.
1) The document outlines the steps for retirement planning which include identifying goals and expenses, inventorying assets and income sources, analyzing the likelihood of reaching goals, creating an action plan, and monitoring the plan.
2) It emphasizes prioritizing retirement objectives from most to least important and quantifying essential versus non-essential expenses.
3) Key retirement income sources like Social Security, pensions, and investments are discussed along with ensuring reliable income will cover minimum expenses and filling any gaps.
Financial planning is a long-term process of managing one's finances to achieve goals. It provides a roadmap to financial well-being and sustainable wealth creation. Many misconceptions exist, such as that it only involves budgeting or is only for the wealthy. Financial planning is needed due to risks like living too long in retirement, changing lifestyles, inflation, and lack of social security. It involves understanding assets, liabilities, priorities, timelines, and appropriate investment vehicles. Starting financial planning early allows greater benefits of compounding returns. Using systematic investment plans smooths out market volatility for better long-term returns. Financial planners can help develop and implement customized plans.
This document discusses how life insurance can be viewed as an asset within an individual's portfolio. It notes that while life insurance is traditionally thought of as a means to financially protect one's family, it also has the potential to offer tax advantages as a savings and investment vehicle. The document outlines some key advantages life insurance can provide as an asset, such as leveraging premium payments into a sizable death benefit, providing access to cash value that can supplement retirement income, and allowing wealth to be transferred tax-free via its death benefit. It also discusses how life insurance compares to other tax-advantaged assets like Roth IRAs, Roth 401(k)s, municipal bonds, and cash value life insurance in terms of various federal tax
The document discusses risks in retirement planning. It defines risk as the potential for injury or loss. Traditional planning focuses on asset allocation during accumulation, but the goal is to transition savings into lifelong income during retirement. The key risks in retirement include market risk, longevity risk, inflation risk, health expenses, and lack of guaranteed income streams. The document advocates building a "retirement income survival kit" to address these risks.
1) Only 2% of Indians file income tax returns due to fear of disclosure or complexity.
2) Various sources of income including salary, house property, business, capital gains, and others are outlined, with tax rates provided for different income levels and citizen types.
3) Tools for tax planning include deductions and allowances under Section 10 and Chapter VI A for items like housing loan interest, medical expenses, investments, education loans, and donations. Proper documentation is important for claiming deductions.
The document discusses credit card interest rates and how to calculate effective interest rates. It provides examples of calculating future values of investments with different interest rates compounded at various time periods, from daily to annually. The rule of 72 is introduced as a way to estimate doubling time for investments based on the interest rate.
This document provides a beginner's guide to protecting one's future through various types of insurance policies. It discusses why protection is important, especially for those with dependents. The different types of policies covered include life assurance, income protection, critical illness coverage, and long term care insurance. For each type, it gives a brief overview of what the policy provides and who might benefit from it. The document stresses the importance of considering one's individual situation to determine the best options for protection. It concludes by offering to provide a comprehensive review and customized plan for the reader.
Lunch & Learn w/Options February 15, 2013Laurie Itkin
The document is a terms of use and disclaimer for an options trading seminar presented by Laurie Itkin. It states that Laurie Itkin and The Options Lady will not be responsible for any trading losses incurred. It also notes that options trading carries risk and past performance is not indicative of future results. The disclaimer concludes by stating any opinions expressed by Laurie Itkin are not intended as inducement to make particular investments.
The document discusses the importance of financial literacy and planning for overseas Filipino workers, outlining the benefits of financial instruments like remittances, treasury bills, retail bonds, mutual funds and insurance plans. It provides examples of calculating returns on investments in these instruments over various time periods. The overall goal is to educate overseas workers on savings options and investing remittances for future needs.
Do You Understand the Cost of Waiting? This presentation is a basic example of what the majority of Americans do when it comes to planning. Be the exception to the rule!
This document provides information about developing financial skills. It discusses creating a budget to identify income and expenses. Key parts of a budget include fixed expenses, variable expenses, and paying yourself first by including savings as an expense. The document also discusses the power of compound interest in savings and how small increases in savings amounts or interest rates can significantly impact the total savings over time.
This document provides guidance on creating and managing a personal spending plan. It discusses the importance of having a spending plan, common errors to avoid, and strategies to improve cash flow. Key steps for preparing a spending plan are outlined, including tracking income and expenses over time, accounting for irregular expenses, and setting financial goals. Behavior change strategies are proposed, such as finding small amounts of "found money" by reducing everyday costs. The document also addresses managing savings, taxes, and budgeting methods.
This document discusses financial planning and investment options for executives. It provides an overview of basic savings and investment concepts like compound interest and inflation. It also outlines the steps in budgeting and financial planning. Various investment assets are mentioned like bank deposits, mutual funds, stocks, insurance products, and more. The importance of starting early with savings and investments to benefit from compounding returns over the long term is emphasized.
The document provides information on 6 steps to achieving financial security: 1) Increase cashflow by earning additional income or managing expenses, 2) Manage debt by consolidating or eliminating bad debt, 3) Create an emergency fund of 3-6 months' expenses, 4) Ensure proper protection through insurance, 5) Build long-term savings and investments like mutual funds and real estate, and 6) Preserve your estate through proper documentation like a will. It emphasizes paying yourself first, getting out of debt before investing, and investing safely to build a solid financial foundation and transfer wealth to future generations.
This document summarizes a marketing presentation for a financial services company called HBW. It promotes HBW's products like life insurance, annuities, and trusts which help build wealth. It highlights the growth opportunity in the industry given an aging population. Representatives can earn income from commissions on sales and build a business part or full-time with competitive products and support.
Affordable Property Investments helps people grow their wealth through property investment. It is owned by Rohan Birmingham, who has experience in property development and management. The company's goal is to create a network of experienced property investors and professionals to provide services like research, education, financing and management to help members invest successfully in properties for long-term capital growth and cash flow.
- Primerica is the largest independent financial services marketing organization in North America with over 2 million clients and over 4.3 million lives insured.
- Their mission is to help families become properly protected, debt free, and financially independent by providing financial needs analyses and products like life insurance, investments, savings plans, and debt solutions.
- Many Americans are struggling with issues like credit card debt, lack of emergency savings, and financial insecurity in retirement, demonstrating the need for Primerica's services.
This document summarizes Primerica, a financial services company that serves over 6 million clients. It discusses Primerica's mission to help families become debt-free and financially independent. The document also outlines Primerica's track record of success, paying over $622 million to its sales force in 2008. It describes the opportunities available to become a representative and earn income through sales, bonuses, and building a business network.
Would you overlook an asset that looked likePam Langro
This document discusses a hypothetical home that doubles in value from $500,000 to $1 million over 10 years, earning an annual return of 7.2%. It then discusses how a "Life Saving Account" saw similar average returns of 7.2% from 1999-2009, even during a poor market period. Additionally, this asset is described as liquid, protected from lawsuits, guarantees monthly lifetime income, and gains can never be lost - making it a superior asset to consider.
The document discusses 4 future financial trends: 1) Home ownership will become more difficult as interest rates remain low, encouraging higher home prices. 2) Real incomes will continue declining due to globalization, automation, and inflation measurement issues. 3) There will be no secure careers as jobs are replaced by technology like AI. 4) Pension payouts will decline further as retirees withdraw funds while younger generations have to support them and put less into their own pensions. The document provides advice on financial planning to prepare for these trends, such as saving 10% of income each pay period and purchasing insurance to mitigate risks outside one's control.
This document provides information about NDK Insurance Agents, including what they do, their mission, vision, and the companies they represent. They specialize in various types of retirement planning, insurance, and asset protection for individuals, families, and businesses. Their goal is to actualize clients' dreams through cutting-edge financial solutions and become the premier financial solutions provider across the nation. The document also discusses various financial planning strategies and concepts around investing, taxes, and building wealth over time through compound interest.
Living Debt Free and Truly Wealthy By Bill ConstainBill Constain
This document provides an overview of strategies to help families achieve financial goals such as reducing debt, growing savings, ensuring safety of principal, minimizing taxes, and having liquid assets. It discusses how traditional financial planning advice is no longer sufficient given today's economic environment. Common concerns families have around finances are identified. The document then introduces two concepts - smart debt management and breaking away from the tax trap - to help families better manage their money. It argues that qualified retirement plans subject savings to high taxes and market risk, whereas alternative strategies could provide tax-free income and eliminate risk of loss. The document promotes meeting with a financial advisor to discuss how these concepts could be applied to an individual's specific situation.
This document provides a quiz to test financial literacy. It contains questions about concepts like compound interest, types of bank accounts, credit cards, long-term savings plans, investments, credit scores, and budgets. After reviewing the concepts, students are assigned to create a comic strip teaching others about one of the financial topics.
Here is a 3-panel comic strip teaching others about compound interest:
Panel 1:
Two friends, Sam and Emma, are talking. Sam says "I just opened a savings account that earns 5% interest each year. I deposited $1000."
Panel 2:
Emma replies "That's great! But do you know the power of compound interest? Your interest will earn interest each year, helping your money grow faster."
Panel 3:
Sam looks surprised. The bank teller overhears and says "She's right! In 10 years, with compound interest your $1000 will grow to over $1600. Your money works for you even when you're not adding more deposits."
Would you overlook an asset that looked likeFred King
The document discusses an asset that doubled in value from $500,000 to $1 million over 10 years. Using the Rule of 72, this represents an annual growth rate of 7.2%. It notes this would be a good return and compares it to lower returns from bank interest. It then mentions additional benefits like this asset providing income if one became sick or disabled, being liquid, protected from lawsuits, and providing guaranteed lifetime income tax-free. It calls this a "Life Saving Account" and notes it achieved average returns of 7.2% from 1999-2009, doubling money during a poor decade. Some years saw 12-14% returns. It encourages learning more about these accounts for protection from taxes, inflation, and
This document discusses various topics related to wealth, money, and financial literacy. It begins by outlining common misconceptions around wealth and the difficulties discussing it. It then discusses the financial lives of average Americans versus strategies used by wealthy individuals. Key points include understanding cash flow, the different types of income, and how the tax system can be used strategically through things like business structures. Debt is also discussed, noting it can be good when used for assets but not for liabilities or "doodads." The document ends by comparing potential returns on different investments over one year to illustrate the power of leverage.
Creating a budget is Part 2 of the 6-part Money Matters class, created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
This document provides an overview of a personal finance course. The course aims to help students gain skills to responsibly manage their money and gain perspective on how finances should affect their lives. The course will cover topics like setting financial goals, maximizing income and assets while minimizing expenses and liabilities, financial planning at different life stages, and determining net worth. The overall goal is to help students attain both financial and non-financial life goals in a sustainable way.
The document discusses various aspects of personal finance and money management. It emphasizes the importance of budgeting, tracking expenses, controlling spending, and maximizing savings. It notes that budgets can help reduce stress, financial arguments, and protect from unexpected costs. The document provides tips for developing a spending plan, including changing one's mindset around money and identifying personal weaknesses and temptations. It also stresses the importance of the entire family being involved in the money management process.
Compound Interest & Rule of 72
Biggest Wealth Killer
High Cost of Waiting
Unnecessary Transfers
Opportunity Costs
Be The Bank
Eleven Ways to “Find” the Money
The REAL Retirement Miracle
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
3. Common Money Mistakes
Impulsive Spending
o Shopping when you’re bored/stressed/upset will make
you buy things you will rarely use or never use at all
o Never checking for cheaper deals
“Brand only” Mentality
o A lot of items we buy just because of the famous
brand labels are not cost-effective
4. Common Money Mistakes
Being Swayed by Sale Strategies
o Sale, Discounts, Promotions, & 0% Installments
Not Tracking Your Finances
o People have no idea on how much was spent since the
last pay day or how much debt still needs to be paid
Wants Become Needs
o Wants = Needs, or worse, Wants > Needs
5. Common Money Mistakes
Credit Mismanagement
o Credit Cards, Personal Loans, Mortgages
o Borrowing money to buy things that lose value
6. Common Money Mistakes
• Overly conservative in Investing Money
Philippine Daily Inquirer 2008: Only 3% of OFWs invest and less
than 35% of OFWs save in “banks” ($15.9B 2008 OFWs’ total
remittances)
Consumer Expectation Survey 2010: 5.8% of OFWs invest and
43.7% save in banks ($18.76B 2010 OFWs’ total remittances)
BSP: P3.7 Trillion total “bank deposits” in April 2011
• Lack of Financial Education
Citibank Survey June 2011: Filipinos’ Financial IQ = 48.9 %
Citibank Survey June 2011: Filipinos’ average savings in
reserve = 9 weeks
7.
8. 6 Steps to Financial Security
1. Increase Cashflow
Cashflow is the movement of
money into or out of an account.
9. Cashflow Quadrant
• Time
• Full Time • Establishment
• Employer
• Income
• Tax (huge)
E
Employee
B
Business
• System
• Money
• Tax (low to zero)
Financial Literacy Financial IQ
• Full Time • Time
• Consumer
• Income
• Tax (huge)
S
Self-employed
I
Investment
• Money
• More money
• Tax (low to zero)
10. 6 Steps to Financial Security
1. Increase Cashflow
How do we increase our Cash Inflow?
Earn additional income passive
Manage your expenses
o Prioritize your needs, lessen your wants
11. Pay Yourself First
o Problem:
Most people want to save but Expenses
INCOME Debts
don’t know how. They know only
Income – Expenses = Savings
how to spend…
Change your living formula Poverty Formula
Pay God and yourself first!
God Savings Expenses
At the beginning of the (20%) INCOME
(10%) (70%)
month, before you pay anyone
else, reserve 10% for tithes, then Income – Tithes – Savings = Expenses
save 20% of your income.
Prosperity Formula
Discipline yourself to live within
your means
With this, we can surely fund our “financial plans”
13. Debt Management
Types of debt:
• Bad Debt – cash flows out of
your pocket
• Good Debt – cash flows into
your pocket
14. 6 Steps to Financial Security
3. Create Emergency Fund
• To avoid debt traps, save 3-6 months of
your monthly income for:
• Sudden/Frequent Medical Needs of
family
• Loss of Income Source
15. 6 Steps to Financial Security
4. Ensure Proper Protection
• Ensure that your family will not
struggle to survive in case of:
• Sudden Death
• Total/Permanent Disability
16. Protection:
1. Get the maximum benefit
* Healthcare
* Insurance
* Investment link (passive income)
2. Go for term insurance
* Short payment period
17. 6 Steps to Financial Security
5. Build Long-Term Savings /
Investments
• Acquire ASSETS (cash inflow)
• Mutual Funds
• Real Estate
• Avoid LIABILITIES (cash outflow)
• No return of investment:
Consumables, Gadgets, Expensive furnitures
18. The X-Curve Concept
2 Stages of Financial Life
Food Education Food
STAGE 1
Shelter Healthcare
Clothing Debts/Loans
STAGE 2
Shelter Healthcare
Clothing Debts/Loans
Retirement
Active Income Passive Income
YOU WORK hard for the money MONEY WORKS for you
Protection
YOUNGER
Investment OLDER
What if… I die to soon? What if… I live too long?
Who will take care of my family? Who will take care of me?
19. The Rule of 72 (LXXII)
Dividing the number 72 by the interest rate of your savings or investments
will give the estimated number of years it will take for your money to double
72 4 = 18 72 8=9 72 12 = 6
Money doubles every 18 years Money doubles every 9 years Money doubles every 6 years
Age 4% Age 8% Age 12%
29 Php 100,000 29 Php 100,000 29 Php 100,000
47 Php 200,000 38 Php 200,000 35 Php 200,000
65 Php 400,000 47 Php 400,000 41 Php 400,000
56 Php 800,000 47 Php 800,000
65 Php 1,600,000 53 Php 1,600,000
59 Php 3,200,000
4X 65 Php 6,400,000
16X
20.
21.
22.
23. oINFLATION is a rise in the general level of
prices of goods and services in an economy.
When the general price level rises, each unit of
currency buys fewer goods and services.
Inflation reflects an erosion in the purchasing
power of money.
http://en.wikipedia.org/wiki/Inflation
25. INFLATION RATE, PHILIPPINES
2005 – 2011
Month 2011 2010 2009 2008 2007 2006 2005
Average 4.8 3.8 3.2 9.3 2.8 6.2 7.6
Is an Investment Interest of 5% good enough?
No! As a 20% tax will still be deducted on earned interest.
http://www.nscb.gov.ph/stats/
http://www.nscb.gov.ph/secstat/d_price.asp [National Statistical Coordination Board]
26. Best Interest Rates on a 1 Year / 12 month
Time Deposit in the Philippines
as of Jun 29, 2012
Deposit
Account Details
Account
TOP #1 Interest Rate is determined by the amount deposited in Peso over
a 12 month/1 year period.
10,000 - 99,999.99 2.000%
100,000 -299,999.99 2.125%
300,000 - 499,999.99 2.375%
500,000 - 999,999.99 2.625%
1 M - 4.99 M 3.250%
5 M - 9.99 M 3.375%
10 M and over 3.125%
27. Best Interest Rates on a 1 Year / 12 month
Time Deposit in the Philippines
as of Jun 29, 2012
Deposit
Account Details
Account
TOP #2 Interest Rate is determined by the amount deposited in Peso over
a 12 month/1 year period.
50,000.00-299,999.99 2.65%
300,000.00-999,999.99 2.75%
1 M - 1,999,999.99 2.85%
2 M - 2,999,999.99 2.95%
3 M - 4,999,999.99 3.05%
5 M and over 3.00%
29. 6 Steps to Financial Security
6. Preserve Your Estate
• Ensure that everything you’ve worked for in
your entire life (assets / investments) will be
turned over only to your beneficiaries
• Limit probate cost
• Every breadwinner/provider should have a will
• Spouse should be co-owners of Assets /
Investments
30. Building a Solid Financial Foundation
INVESTMENT
EMERGENCY FUND
DEBT MANAGEMENT
PROTECTION: INSURANCE
HEALTHCARE
INCREASE CASH FLOW
« BUILD IT RIGHT. BUILD IT STRONG»
32. Is an independent Years in USA/Canadawhose
More than 25 marketing company &
associates, through its affiliated companies, offer
15 Years in the Philippines
a broad array of financial services and products.
33.
34.
35.
36. OUR MISSION
Make a Difference for Families
At IMG, we can help make a difference
for families by showing them a new path
towards achieving their financial goals.
No Family Left Behind
37. OUR VISION
To Build and Provide
the Best Business Opportunity in the World
Our plan is to revolutionize the financial services industry
by bringing a fresh, new approach to empower
the world on how money works.
Help people who desire to help themselves. Bring life-changing
financial concepts and solutions to middle income individuals
and families who are overlooked by the financial services industry.
38. OUR CRUSADE
Change people from:
ENTREPRENEURS
SPENDERS SAVERS
INVESTORS
Deliver the world’s financial wake-up call
39. Joen has a mission: towhat he’s talking about."theis a registered financial
certainly knows change the adage that He rich get richer and the
poor get poorer." He believes12 years of financial management
planner and has more than that "the average person, even the
experience. He sits as the president and chairmangiven the right
poor, has an equal chance to become wealthy if of the board of
information."
International Marketing Group (IMG)
40.
41. IMG Offers Total Financial Solution
• Financial Literacy
Learn the fundamentals of Protection, Debt Management,
& Investments
Learn to plan your own Financial Strategy, to achieve your
financial goals
• Business Solution
Learn the Financial Products & Services Industry
42. IMG Offers Total Financial Solution
• Direct Access to Financial Services Companies
Be informed of the latest updates
Remove the middle man
Earn from your own needs
• Investment and Business Opportunity
Towards PASSIVE INCOME for retirement
43. What IMG Can Provide
1. ONE STOP SHOP of all Financial Services
2. By-Pass The Middle Man (earn the commission yourself)
3. Create Your Multiple Passive Income Stream
4. Have Your Own Business Franchise
5. Earn Interest Income from Investments
(invest correctly and safely with high returns)
6. Earn By Helping Others to Save and Invest
44.
45. What IMG Can Provide
1. ONE STOP SHOP of Financial Services
2. By-Pass the Middle Man (earn the commission yourself)
3. Create Your Multiple Passive Income Stream
4. Have Your Own Business Franchise
5. Earn Interest Income from Investments
(invest correctly and safely with high returns)
6. Earn By Helping Others to Save and Invest
47. What IMG Can Provide
1. ONE STOP SHOP of Financial Services
2. By-Pass the Middle Man (earn the commission yourself)
3. Create Your Multiple Passive Income Stream
4. Have Your Own Business Franchise
5. Earn Interest Income from Investments
(invest correctly and safely with high returns)
6. Earn By Helping Others to Save and Invest
48.
49. Proverbs 6: This chapter advises release from foolish
indebtedness (vv:1–5), admonishes avoiding laziness
(vv:6–11), warns of the danger of poverty (vv:9–11)
6 Take a lesson from the ants...
Learn from their ways and become wise!
8 they labor hard all summer,
gathering food for the winter.
Proverbs 6:6,8
50.
51. “ To be born rich or poor is not a
choice, but to become rich or poor,
that's a choice that GOD leaves up to
us.”
Bo Sanchez
52. Most people are indebted.
Live simply.
This will help us avoid debt traps
Before we build our wealth--
We need protection for assets and life
Get out of debts before you invest
Invest safely and correctly
Transfer inheritance to our children
55. DO YOU KNOW THAT:
1. Near 90% of Filipinos are not saving for long-term medical
needs
2. Medical Inflation is 3 to 4 times the economic inflation
3. About 45% of total Filipinos are vulnerable to poverty if
confronted by surprise of health problems, death and natural
disasters
4. Philippine Life Insurance Association: Pinoys spend more on
cigarettes than Life Insurance
59. Major Advantages of Kaiser
Pre-existing illness:
• excluded from healthcare claims during payment period only
• excluded from insurance claim for the first 2 years only
Plus Rider option – 2x insurance amount without 2x premium
Healthcare coverage & investment is transferrable
62. Mutual Funds vs Bank Deposits
• Bank Deposits
Your money is actually invested in financial instruments with higher
return
Interest earned is based on account agreement, regardless of how
much the bank earns on your money
You only own what was agreed to be given to you
• Mutual Funds
Ownership: You’re a co-owner of the company
Number of shares is more important than the cost per share
Long-term investment: Higher gain
64. TYPES OF MUTUAL FUNDS
TYPE COMPOSITION OBJECTIVE AVERAGE RETURN*
MONEY MARKET SHORT-TERM FIXED- STABILITY + MINIMAL
FUND INCOME INSTRUMENTS GROWTH 2%
BOND/FIXED-INCOME FIXED-INCOME STABILITY +
FUND INSTRUMENTS REASONABLE GROWTH 6%
MEDIUM TO LONG-
STOCKS & FIXED-
BALANCED FUND
INCOME INSTRUMENTS
TERM FOR MODERATE
INVESTORS
12%
LONG-TERM CAPITAL
STOCK/EQUITY FUND SHARES OF STOCKS
GROWTH 18%
65. PRIMARY REASONS TO INVEST IN MUTUAL FUNDS
1. Professional management: One of the main attractions of mutual funds is
that it affords its investors the services of full-time professional managers
whose job is to analyze the various investment products available in the
market.
2. Low capital requirement: Direct investments usually require substantial
capital. In contrast, most mutual funds in the Philippines require a minimum
initial investment amount of only Php5,000.00 and minimum additional
investments of Php1,000.00.
http://www.pifa.com.ph/advantages.html
66. PRIMARY REASONS TO INVEST IN MUTUAL FUNDS
3. Potential Higher Returns: Very few individual investors can match the
experience and skill of full-time professional fund managers who can select
those that would give the best possible returns.
4. Liquidity: Liquidity is the ability to readily convert investments into
cash. While the law provides that redemption proceeds must be given within
seven (7) banking days from the date of the redemption request, most funds
are able to pay the redemption proceeds within a day.
http://www.pifa.com.ph/advantages.html
67. PRIMARY REASONS TO INVEST IN MUTUAL FUNDS
5. Diversification: investing in variety of assets; here is a saying that
goes, “Do not put all your eggs in one basket.” When people invest in a
mutual fund, they achieve instant diversification.
http://www.pifa.com.ph/advantages.html
69. PRIMARY REASONS TO INVEST IN MUTUAL FUNDS
5. Diversification: investing in variety of assets; here is a saying that goes,
“Do not put all your eggs in one basket.” When people invest in a mutual
fund, they achieve instant diversification.
6. Safety: Mutual funds are highly regulated by the Securities and Exchange
Commission under the Investment Company Act and its implementing rules.
http://www.pifa.com.ph/advantages.html
70. How safe is it to invest in mutual funds?
o Mutual Fund operations are governed by the Investment Company
Act (RA 2629) whose implementing rules and regulations specify
particular limits and constraints in the investment activities of all
mutual funds. The Securities and Exchange Commission (SEC) sees
to it that all mutual funds comply with these statutory
regulations. Mutual fund companies are regularly audited by an
independent auditor. The assets of the mutual fund are held by a
third-party custodian bank.
71. PRIMARY REASONS TO INVEST IN MUTUAL FUNDS
7. Convenience: The popularity of mutual funds in the Philippines is fast
catching up. Investment application can now do online and additional
investment/s can now deposit thru banks’ online banking fund transfer
facilities.
http://www.pifa.com.ph/advantages.html
72. Are gains in mutual funds taxable?
o NO. Mutual fund “gains” are exempted from
taxes based on the Comprehensive Tax
Reform Program (CTRP), Section 32 (B) (7) (h).
This was done to promote long-term savings
in the country.
73. Why invest in MUTUAL FUNDS
and not in INDIVIDUAL STOCKS?
o If you’re not a good stock picker.
o If you don’t have time to follow and track your
investments actively.
o If you can potentially become an emotional
investor if you handle your investments too
actively.
81. 2 BASIC TYPES OF REAL ESTATE PROJECTS
HORIZONTAL DEVELOPMENTS
Socialized Housing
Affordable Housing
Middle / Upper Middle
High End
82. 2 BASIC TYPES OF REAL ESTATE PROJECTS
VERTICAL DEVELOPMENTS
According to Market
According to Height
• Low-rise, Mid-rise, High-rise
83. As per BIR's Revenue Regulations No. 16-2011
dated Oct. 27, 2011, starting January 1, 2012,
sales on real properties exempt from VAT:
For lots below P 1,919,500 (prev P1.5M) and on
House & Lot below P3,199,200 (prev 2.5M).
LOCATION
84. WHY INVEST IN REAL ESTATE
PERSONAL USE
Family residence
SAVINGS
Has the potential to offer higher return than bank
BUSINESS
Place of business
Can be resold at a higher price
Can be used as a collateral for loan
Can generate rental income
85. Options for acquiring products/services:
1. CLIENT - you don’t join as an IMG member but you get
timely updates from the companies
(i.e. pricing, offerings, regulations)
2. AGENT - you join as an IMG member and reduce the cost of
products/services using the commission
- earn overrides
86. Commission Rates
Kaiser Mutual Funds Real Estate
Membership Level (premium) (Sales Load) (i.e. Vista Residences)
Associate 20% 20% 2.25%
Field Leader 30% 30% 2.35%
Asst. Marketing Director 40% 40% 2.45%
Marketing Director 50% 50% 2.75%
87. “ You can’t cross the sea merely by
standing and staring at the water.”
Rabindranath Tagore
90. Review Card
DATE: ____|____|____
NAME: SPOUSE:
ADDRESS: WORK PHONE:
EMAIL: CELLPHONE:
I AM INTERESTED IN…(PLEASE CHECK ONE)
STARTING A BUSINESS/CAREER IN IMG
LEARNING MORE ABOUT FINANCIAL SOLUTION FOR MY
FAMILY
BOTH OF THE ABOVE
APPOINTMENT: __|HOME __|IMG OFFICE (INDICATE AVAILABILITY)
NUMBER __|MON __|TUE __|WED __|THU __|FRI __|SAT __|SUN
DATE: ____________________ INVITED BY: ________________________________
TIME: ___________________ TRAINER: _________________________________
BPM____ S1-S2____ PPL____ FTS____ JOIN____ OWN____