3. PERSONAL FINANCE
• IT IS NOT ABOUT NUMBERS,
CALCULATIONS AND PRODUCTS, IT
IS ABOUT YOU.
LAYING STRONG FOUNDATION
MEANS U NEED TO SLOWDOWN AND
FOCUS ON TAKING THOSE
FINANCIAL ACTIONS THAT MATTERS
YOU.YOU ARE MORE CLEAR WHEN U
SLOW DOWN.
4. WHAT SONG IS PLAYING IN OUR HEAD
• THE SONG “I NEED MORE MONEY” IS
CONSTANTLY PLAYING IN OUR
HEAD.MONEY NEVER GIVES US
STRESS,HIGH OR LOW returnsDON’T
GIVE ANY STRESS BUT WHEN WE
FOLLOW THE SONG IT GIVES US
STRESS.WHEN WE ARE RELAX WITH
MONEY,YOU WILL BE MORE RELAXED
MORE MONEY WILL FLOW.
5. PERSONAL FINANCE IS ALEVEL 3
PROMISE
• LEVEL-1-PROMISE :
PROFESSIONAL -YOU KEEP
THEM ALWAYS.
• LEVEL-2-PROMISES: MADE TO
FAMILY MEMBERS-YOU KEEP
THEM AT TIMES.
• LEVEL 3-PROMISES: MADE WITH
SELF-WE BREAK THEM MOST OF
YHE TIMES.
6. WHEN U BREAK PROMISE U ARE GOING AWAY FROM
YOUR FINANCIAL FREEDOM
• GOING FOR EXERCISE AND
PERSONAL FINANCE ACTIONS FALL
IN 3 RD CATEGORY WHERE U NEED
TO MAKE PROMISE WITH
YOURSELF AND THEN COMPLETE
THEM. IN MEETING LIKE THIS
NOBODY WILL ASK YOU WHETHER
U ARE KEEPING YOUR PREMIUMS
REGULARLY OR NOT.
7. NO SUCH THING AS A PERFECT
FINANCIAL LIFE
•WHEN YOU BECOME
PERFECTIONIST YOU
BECOME FAULT FINDING
MACHINE AND YOU SEE
FAULT IN EVERY FINANCIAL
PRODUCT AND THAT MAKES
YOU PASSIVE FOR ANY
ACTION.
8. FINANCIALLY FEARLESS
◦SLOWDOWN TO POWER
UP
◦THE QUALITY OF
FINANCIAL LIFE
DEPENDS UPON HOW
MANY PROMISES YOU
MAKE AND KEEP WITH
YOURSELF.
9. WHY WE WORK
• To live next 25 yrs as past 25 yrs?…no.
• To earn meal for our family or for financial
freedom
• At 60 when you look back you shouldn’t
have regret. you should Have regret free
financial life.
• Develop a hobby called wealth protection.
10. Give investors v/s get investors
•The more you give to your
financial life the more wealth you
create as an investor. Like a
farmer..give more and get more.
11. Focus on goal line with focus on life
line
Your plan v/s God’s plan.
Life insurance health insurance
and emergency fund are
integral part of financial life.
place them as a strong
foundation on which we can
build our financial life.
12. My plan v/s gods plan
1/ my plan to eat sugar gods
plan take diabetes
2/my plan invest in fd/real
estate/mf for retirement but
gods plan may be different like
1990 jeevan axay 2000 axay
2016 jeevan axay
13. U can’t set your retirement and
childrens goal
•The moment you are born.
retirement goal gets into his life
by its own. The moment you
become parent children’s goal like
education and marriage gets in by
its own. This goals are already in
your life.
14. Why retirement planning
• 1 better health due to lower levels of
stress
• Money problem are major source of
stress according to american psychiatric
association….linked to diabetes heart
desease migraine headaches and poor
sleep …taking steps today to get
retirement planning will help not only
financial wellness but also physical and
mental health.
15. • 2 big picture context helps you make better career
and financial desicions
• Like UMANG AND LABH for age 30 years can make
you take decision to pursue new degree buy a
vacation
• 3 enjoying happy marriage
• Money issues are a leading cause of divorce.
• 4 forced early retirement wont be so scary
• 5 you wont worry about being burden to your kids.
17. Why retirement planning
• Have you heard of sandwitch generation, that’s
group of people who are simultaneously
supporting their children and their parents.help
your children not to be sandwitch generation by
purchasing retirement plan.
• 6 be a cool grand parent…jeevan shanti is
resource to become a amazing grand parent.
• 7 continue your legacy of charitable giving.
• 8 avoid running out of money.
18. •
A.K. Hangal, Actor
•
•
• Source of wealth: Films
• The highs: From 1966 to 2005, the character artist featured in 225 Hindi films, like Sholay and
Bawarchi. Though his net worth is not known, he was fiancially secure.
• The lows: After 2007, he found it difficult to get any roles due to old age and medical problems. By 2011,
he couldn't even pay his medical bills and the film fraternity came forward to help him. He expired in
2012 at the age of 9 ..
•
Reasons for fall: Since he lived till the age of 98, his kitty could not sustain him in retirement. No
source of income and medical problems exacerbated the problem.
• Financial lessons
• Your retirement kitty should be large enough to last 20-25 years after you quit work.
• Invest your retirement corpus so that it can beat inflation and grow sufficiently in
retirement.
•
19. Story of lion and ak 47
•Retirement - jungle
vaanprastha avastha
•Meet lion --no money
•Ak 47 -jeevan UMANG
•Option to sit on tree like burden
to children or have shanti
20. THREE Different Types of Income
• Active Income: Income generated from your work for
taking care of daily needs.
• Passive Income: Immediate income from an asset which
generates continous income for you without your active
participation for daily and lifestyle expenses
• Portfolio Income: Income from assets which will
generate income after certain time for sure events like
Retirement, Child's education/marriage etc.
• LIC investments are best for generating Passive Income
and PortfolioIncome
24. Capital protection
• As per Section 37 in The Life Insurance Corporation Act, 1956
policies issued by LIC are to be guaranteed by Central
Government.—The sums assured by all policies issued by the
Corporation including any bonuses declared in respect thereof and,
subject to the provisions contained in section 14 the amounts
assured by all policies issued by any insurer the liabilities under
which have vested in the Corporation under this Act, and all
bonuses declared in respect thereof, whether before or after the
appointed day, shall be guaranteed as to payment in cash by the
Central Government.
• Section 37 guarantees 100% capital protection to LIC's investments.
Historically, when a country develops, repo rates go down and
capital protection becomes very important. In India, most
investments do not have 100% capital protection.LIC has got capital
protection under a particular section which makes your LIC
investments 100% safe.
