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Financial Planning for Women

  1. Back to basics…… Plan Today… For A Better Tomorrow
  2.  My dad had one pair of shoes and used it for five years. I have five pair of shoes and use them for a year each.  In today’s wired world people connect less emotionally & more electronically.  High stress level has become regular. Life is not easy…..
  3. People change the basic principal EARN – SAVE = SPEND and now…… Life is not easy …
  4. EARN – SPEND - EMI = ??? Life is not easy … Don’t confuse with “Spending for Life” Or “Life for Spending”
  5. Financial Planning for women
  6. Shocking Fact “Only 23% of working women in India make their own decisions about investments”
  7. Recipe for Financial Planning (The Dinner Example) • Today some guests are arriving for Dinner (LIFE) • What do we do ?
  8. Financial Planning (The Cooking Recipe)  Plan the dinner  Menu Finalization (Goals)  Arrange for Fresh Vegetables, Spices and others ingredients (Various Asset Class)  Systematic approach to decorate home with existing articles. (Effective use of Assets)
  9. Financial Planning (The Dinner Example)
  10. Take stock of where you are -  Do you have an emergency fund to cover 3-6 months?  How much have you saved?  How much more could you save — if you spent even a little less? How much do you earn? How much is your monthly expense? How much debt have you accumulated?
  11. Organize your resources into different categories  Create an emergency fund that could cover up to 6 months’ expenses.  Separate remaining assets into three categories: - Short-term money to help cover the necessities. - Mid-term money to help cover the niceties. - Long-term money that might grow and help replenish the other categories.
  12. Short-term necessities What it covers:  Food  Housing  Utilities  Health Care  Insurance  Emergencies “The Necessities”
  13. Once fixed expenses are covered, fund discretionary expenses What it covers:  Travel  Entertainment  House renovation “The Niceties”
  14. Stash some cash away for the long term goals What it covers:  House Property  Children Education  Children’s Marriage  Retirement Long-Term Goals
  15. Million Dollar Question Person • Amitabh Bachchan • Lata Mangeshkar • Sachin Tendulkar • Saniya Nehwal Profession • Cricket • Badminton • Actor • Singer
  16. The Advantage of starting early. And investing regularly Rs. 6,430,959 Rs. 3,494,964 Rs. 1,878,847 Rs. 989,255 Rs. 499,580 Rs. 230,039 Rs. 81,670 25 Years 30 Years 35 Years 40 Years 45 Years 50 Years 55 Years Wealth Accumulated at 60 Years of age by just saving 1000 Rupees per month. Age of starting the investment Assuming returns of 12% p.a. for illustration purpose only
  17. VALUATION and ALLOCATION Ordinary Investor Market Fair Value + Fair Value Attractive Cheap Conservative Average Aggressive MIP/ESS Balance Advantage Fund Balance Fund Balance Advantage Fund Balance Fund Large Cap Fund Balance Fund Large Cap Fund Multi Cap Fund Large Cap Fund Multi Cap Fund Small Cap/ PMS/ Sector Fund
  18. Financial steps for women in different situations Single women  Start saving at least 20% of your income.  Make those savings work by investing in growth assets.  Create a budget  Avoid credit card debt and repay any education loan as soon as possible.
  19. Married women  Maintain a separate saving a/c apart from any joint a/c.  Save as much as possible.  Identify common goals for the future and work jointly towards them.  Participate in family financial discussions.  Maintain your own credit history independent of husband.  Be aware of key investments and where money is flowing.  Make an inventory of financial documents and accounts.
  20. Right advisor is Important ! No Daily Sensex Long Term Investment Hype & Noise Regular Investment Tips Asset Allocation
  21. Thank You. Shama Mahuwala Keep Smiling…. Its make you more beautiful.

Notas do Editor

  1. It is the power of compounding that gives this huge, exponential advantage to the period one stays invested. This simple maxim benefits the individual who starts investing early in life as she gets a longer time span of investment.