Financial planning

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© One Moment Consultancy LLP 2017
&
Tax Optimization for FY 2016 - 17
Personal Finance Planning

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6 March 2017 © One Moment Consultancy LLP 2017
reena@stablefuture.in
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Why did you decide to work
Stability
Career
Independence

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10 Years into work
Job insecurity
Retirement
Loans Closure
Mounting expenses
If I die …

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If its all about money…
Are you equipped to manage money ?
NO

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Likely to happen
Work Hard
Ask your manager for promotion and more money
Jump Jobs
Get Leashed

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What do we do
Don’t work for
money….Make
money work for you
Don’t be slave of
money …. Make
money your slave
- Robert Kiyosaki

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4 Steps of Financial Planning
• Financial Education
• Discover – Understand you money situation
• Risk Mitigation
• Investment

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Personal Finance Pyramid
Estate
Planning
Investment
Debt Reduction
Emergency Fund
Insurance (protection)
Net worth, Cash Flow and Budget
Goal
Insurance (Savings + Protection)
Investment
What we do wrong ? – Risky Foundation
What we should be doing ? – Strong Foundation

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Set your Financial Goals
• Write Your Financial Goals – Be Specific
• Identify time frame you want to achieve
• Short Term – Within a Year
• Medium Term – Within 5 years
• Long Term – Beyond 5 Years
• Set Priority
• Put a current ₹ value against each goal

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Cash Flow, Net Worth, Budget
Three Very Important Documents
You need to know where you
stand today first to move
toward your goals
Cash Flow Net Worth Budget Vs Actual

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Insurance – Protection
If you care about something – It should be Insured

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Insurance – Protection
Insurance Thumb rule
Life Liabilities + 10-20 times annual Income
Health Minimum 3L individual / 5L Family floater
Recommended 10 L individual / 20 L Family floater
Accident and Disability 2 - 3 times annual income
Home and Contents Natural calamity + Burglary
Vehicle 3rd Party is Legally mandatory, comprehensive if
preferred

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Emergency Fund

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Debt Reduction

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Investment
WHY ?

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Investment
HOW ?

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Investment
Enemies
INFLATION TAX

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Investment
So to meet your goals
and
be wealthy
your investments need to beat inflation
and
also be tax efficient both at the time of
Investment and at the time of withdrawal

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Investment
 Should help you to best 2 enemies.
 Your money is for you and you are not for money.
Should be flexible.
 Should be available when you need.
 Should give you time so you can concentrate on
your work.
 Should have diversified options.
 Should be transparent and regulated.
How to select a investment option?

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Investment
Invest in
SELF
Best Asset Class to Invest ?

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Investment
Cash
Debt
Equity
Real estate
Commodity
What are other options available in Market?

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Income Tax
How can your Reduce your Income Tax outgo ?
Utilize available Tax Deductions / Exemption – Legal and Ethical
Tax Avoidance – Illegal and Unethical

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Innocent Mistakes of Honest Taxpayers
Not reporting interest income
Overlooking clubbing of Income
Not filing returns
Missing income from previous Job
Not reporting tax – free Income

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Mutual Funds
One of the best way to invest in Cash,
Debt, Equity and Optimize Tax outgo
 Beating inflation (Equity)
 Tax efficient
 Flexible (Entry & Exit is simple)
 No or small lock in period
 It’s a passive investment for you
 All asset class are covered
 Regulated by SEBI

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Mutual Funds – Where to Invest ?
Short Term Long Term
Risk Takers  Debt Fund
 Corporate Fixed Deposits
 Recurring Deposits
 Fixed Deposits
 Fixed Maturity Plans
 Equity Mutual Fund
 Real Estate
 Index Funds
 Stocks
 Balanced Funds
Risk
Avoiders
 Fixed Deposits
 Recurring Deposits
 Savings Account
 Balanced Funds
 Fixed Deposits
 Gold
 Index Funds
 PPF
 NSC

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Mutual Funds – Taxation

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Do’s and Don’t
 Document your Goals
 Create a Cash flow, Net worth and Budget document
 Purchase Insurance for protection – Save some tax as well
 Build Emergency through Saving A/c and Short Term Debt fund
– Optimize tax outgo
 Avoid FD and PPF - They lower your purchasing power and Tax
inefficient
 Invest in ELSS – Save tax and build long term wealth
 Invest in different mutual funds based on your goals – Optimize
tax outgo
 Portfolio should be diversified and reallocate assets as per
changing scenario
 Share market is good with proper knowledge.
 Distinguish between wants and needs
 Impulsive buying – Avoid as much as possible.

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About Us
At Stable future we believe that one thing at top of
mind for every individual is a stable future for self
and family. Through combination of different
product and services in our portfolio we help you
achieve just that.
With more than 9 years of experience and a client
base of over 400 we help you plan your Investment,
Insurance, Loans and Tax.
We do what is really required for your Stable Future
and not just sell you dreams.

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How do we add value?
• We listen to you and understand your
needs
• We give you the right advice wherever
required
• We help you take the right decision
• We negotiate with multiple Financial
Institution to provide you with best deal
and Save your time

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Q & A

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Thank You
www.stablefuture.in
info@stablefuture.in
940 310 5101/ 827 567 7101

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