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Personal Financial Management Basics
LEARNING OBJECTIVES ,[object Object],[object Object],[object Object],[object Object]
SCOPE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
INTRODUCTION ,[object Object]
The key is: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
“ Knowing how much you need to be wealthy is the First Step to financial freedom” ,[object Object],[object Object]
WHY DO YOU NEED TO UNDERSTAND PERSONAL FINANCE ,[object Object]
[object Object],[object Object],[object Object],[object Object]
Always remember: ,[object Object],[object Object],[object Object],[object Object]
OBSTACLES TO FINANCIAL FREEDOM ,[object Object]
Procrastination ( pagpapabukas ) ,[object Object],[object Object],[object Object]
Inflation ,[object Object],[object Object],[object Object],[object Object]
Unreasonable demands of family and friends ,[object Object],[object Object],[object Object],[object Object]
Yourself ,[object Object],[object Object],[object Object]
Fear of failure ,[object Object],[object Object],[object Object]
Laziness ,[object Object],[object Object]
Poor spending habits ,[object Object],[object Object],[object Object],[object Object]
Lack of financial literacy ,[object Object],[object Object],[object Object],[object Object]
STEPS TO MAKING YOUR FINANCIAL PLAN ,[object Object],[object Object],[object Object]
Figure out where you are financially ,[object Object],[object Object],[object Object],[object Object]
STEP 2: Determine your Financial Life Phase ,[object Object],[object Object],[object Object],[object Object]
STEP 3: Set your financial goal ,[object Object]
Rules in making your financial plan ,[object Object],[object Object],[object Object],[object Object]
Rules (cont’n) ,[object Object],[object Object],[object Object],[object Object]
KsK COMMANDMENTS TO FINANCIAL FREEDOM ,[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #1 – Pay yourself first ,[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #2 –Define your financial target at each life stage ,[object Object],[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #3 – Stop spending on things that decline in value ,[object Object],[object Object],[object Object],[object Object]
COMMANDMENTS #4 – Protect your greatest income generating asset - YOURSELF ,[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #5 – Grow with the economy and beat inflation ,[object Object],[object Object],[object Object]
COMMANDMENT #6 – Trust the power of compound interest ,[object Object],[object Object],[object Object]
COMMANDMENT #7 – Assess risks and options: the higher the return, the higher the risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #7 – Assess risks and options: the higher the return, the higher the risk ,[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #7 – Assess risks and options: the higher the return, the higher the risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #7 – Assess risks and options: the higher the return, the higher the risk ,[object Object],[object Object]
COMMANDMENT #8 – Make your money work for you: the power of leverage ,[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],COMMANDMENT #8 – Make your money work for you: the power of leverage
COMMANDMENT #9 – Invest and Diversify ,[object Object],[object Object]
COMMANDMENT #9 – Invest and Diversify ,[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #10 –Make use of the power of one: strength in numbers ,[object Object],[object Object],[object Object]
COMMANDMENT #10 –Make use of the power of one: strength in numbers ,[object Object],[object Object],[object Object],[object Object],[object Object]
COMMANDMENT #10 –Make use of the power of one: strength in numbers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The THREE (3) Ds ,[object Object],[object Object],[object Object],[object Object]
DISCIPLINE ,[object Object],[object Object],[object Object],[object Object]
IMPORTANCE OF SHARING ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Lecture Pers Finance

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