What’s Financial Planning?? • Financial Planning
Description: Whats Financial Planning?? Financial Planning is the process of successfully meeting the financial needs aspirations of Life through the proper management of finances. Its your road-map to Financial Health sustainable wealth
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slide2. What’s Financial Planning?? • Financial Planning is the process of successfully meeting the financial needs & aspirations of Life through the proper management of finances. • Its your road-map to Financial Health & sustainable wealth creation.<br>
slide3. Why Do We Need Financial Planning?? • Life without Financial Planning is like an unplanned Vacation - A Complete Disaster!! • If we wish to achieve all our Financial Goals successfully & peacefully, planning your finances is a must do<br>
slide4. Who Needs Financial Planning?? • It’s a myth that only the Wealthy need Financial Planning • Whatever may be your level of Income or assets you need financial planning • Kings becoming paupers overnight is a reality of our world.. .not mere stories…<br>
slide5. Ok, So How do I go About it? • Step 1: Take stock of you Current Status. Sum up your cost of living, Net saving available for investment, Current Assets, Investments, Tax, Liabilities, Loans… • Step 2: Priorities your Financial Goals. Be specific about the money you need for each Goal and the time horizon you have set for each.<br>
slide6. Financial Goals..? Basic Mandatory Goals & Optional Goals • Basic Mandatory Goals like Higher Studies, Childs future, Purchase of House, Vehicle, Retirement Pension, Tax. • Optional Goals like a 2ndHouse, Luxury Items, Vacation abroad, Estate Planning, Wealth Creation, Financial Freedom<br>
slide7. Ok, Now What Next?? • Just Thinking & Gauging will Not help. Put it all down on you paper & work out a Clear time horizon for each goal.<br>
slide8. Financial Sector is clearly Sunrise. Look at these Statistics
India’s population (+) 120 crores
Less than 5% have bank accounts
Less than 2% have Insurance
Less than 1% have Mutual Funds
Less than 0.5% have equity<br>
slide9. 1980 – 2011 CUMULATIVE ANNUALISED RETURNS (1980-2011)<br>
slide10. S.I.P Why Start Early? * Assumes compounded annual returns of 12% over the entire period Difference in returns is almost Rs. 82 lakhs! (Investment amount difference is just Rs. 3 lakhs) 35 30 5000/- 5000/- 60 60 Rs.18Lacs Rs.15Lacs Rs. 1,76,49,569 Rs. 94,88,176<br>
slide11. Start Early 25 40 5,000 5,000 60 60 Rs. 21 lacs Rs. 12 lacs Rs. 3,24,76,345 Rs. 49,95,740 * Assumes compounded annual returns of 12% over the entire period Difference in returns is almost Rs. 2.75 crores! (Investment amount
difference is just Rs. 9 lakhs)<br>
slide12. So click & send your financial worries to the experts at www.MyFinPlanner.com & let them do what they are best at While you go & relax<br>
slide3. Why Do We Need Financial Planning?? • Life without Financial Planning is like an unplanned Vacation - A Complete Disaster!! • If we wish to achieve all our Financial Goals successfully & peacefully, planning your finances is a must do<br>
slide4. Who Needs Financial Planning?? • It’s a myth that only the Wealthy need Financial Planning • Whatever may be your level of Income or assets you need financial planning • Kings becoming paupers overnight is a reality of our world.. .not mere stories…<br>
slide5. Ok, So How do I go About it? • Step 1: Take stock of you Current Status. Sum up your cost of living, Net saving available for investment, Current Assets, Investments, Tax, Liabilities, Loans… • Step 2: Priorities your Financial Goals. Be specific about the money you need for each Goal and the time horizon you have set for each.<br>
slide6. Financial Goals..? Basic Mandatory Goals & Optional Goals • Basic Mandatory Goals like Higher Studies, Childs future, Purchase of House, Vehicle, Retirement Pension, Tax. • Optional Goals like a 2ndHouse, Luxury Items, Vacation abroad, Estate Planning, Wealth Creation, Financial Freedom<br>
slide7. Ok, Now What Next?? • Just Thinking & Gauging will Not help. Put it all down on you paper & work out a Clear time horizon for each goal.<br>
slide8. Financial Sector is clearly Sunrise. Look at these Statistics
India’s population (+) 120 crores
Less than 5% have bank accounts
Less than 2% have Insurance
Less than 1% have Mutual Funds
Less than 0.5% have equity<br>
slide9. 1980 – 2011 CUMULATIVE ANNUALISED RETURNS (1980-2011)<br>
slide10. S.I.P Why Start Early? * Assumes compounded annual returns of 12% over the entire period Difference in returns is almost Rs. 82 lakhs! (Investment amount difference is just Rs. 3 lakhs) 35 30 5000/- 5000/- 60 60 Rs.18Lacs Rs.15Lacs Rs. 1,76,49,569 Rs. 94,88,176<br>
slide11. Start Early 25 40 5,000 5,000 60 60 Rs. 21 lacs Rs. 12 lacs Rs. 3,24,76,345 Rs. 49,95,740 * Assumes compounded annual returns of 12% over the entire period Difference in returns is almost Rs. 2.75 crores! (Investment amount
difference is just Rs. 9 lakhs)<br>
slide12. So click & send your financial worries to the experts at www.MyFinPlanner.com & let them do what they are best at While you go & relax<br>