Post on 17-Aug-2014
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Financial Planning
Powered By: Ready Bytes Software Labs Pvt. Ltd. (INDIA)
Do It Yourself…
PHASE - 1 of 2
Financial Planning
BIOAnkit Mathur
(Software Engineerat
Ready Bytes Software Labs Pvt. Ltd.)
In for you at:
Financial Planning
DISCLAIMER
With the prior permission of the author Mr. Manish Chauhan, contents of his book “How To Be Your Own Financial Planner
in 10 Steps” are included / used / referenced in this presentation. So, this presentation doesn’t violate rules of Copyrights Act as
mentioned in the book by the author himself.
Also, by any means this presentation isn’t meant to harm anyone’ssentiments, financial policies or any other term/field of
financial sector. Unconditional apologies.
Financial Planning
Sorry, but initially i want you to
think a little…..
Things will be easier later on,
Extreme Concentration NEEDED,
For Next
Points
Financial Planning
3
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1. It is a TOUGH TASK
2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
Financial Planning
Financial Planning
If you take Financial Planning as:
• Centralized with money,• Practical Decision System,• Emotionless Decision Making Power and,• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,• Practical Decision System,• Emotionless Decision Making Power and,• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,• Practical Decision System,• Emotionless Decision Making Power and,• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,• Practical Decision System,• Emotionless Decision Making Power and,• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,• Practical Decision System,• Emotionless Decision Making Power and,• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,• Practical Decision System,• Emotionless Decision Making Power and,• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,• Practical Decision System,• Emotionless Decision Making Power and,• Quick Money Making System
EXCEPT THIS
Financial Planning
Let’s Build a Thought Process Now…
Ease YourselfChapter – 1 of 5
Few Terms First….. (Slide 1/2)
Surrender Value (term 1/3): It is the worth of Life Insurance Policyat a given point of time. It is the amount you getwhen you surrender the policy before maturity.
Paid up Policy (term 2/3): It means you to not fill premiums any more.If you don’t want to surrender policy and also don’t wantto give premiums, then make it a paid up policy. It canbe done only if you filled some previous premiums.
Financial Planning
Few Terms First….. (Slide 2/2)
Bonus (term 3/3): Many traditional policies announce yearly bonuswhich keeps on accumulating and given to you at theend of maturity.
Financial Planning
Financial Planning
Optimizing LIPs (Life Insurance Policies)
Preliminary Thought
Don’t fool others by saying:
i don’t take Life policies for investments it’s ONLY becoz I want my family security
Optimizing LIPs (Life Insurance Policies)
Preliminary Thought
Don’t fool others by saying:
i don’t take Life policies for investments it’s ONLY becoz I want my family security
Financial Planning
Optimizing LIPs (Life Insurance Policies)
Preliminary Thought
Don’t fool others by saying:
i don’t take Life policies for investments it’s ONLY becoz I want my family security
Financial Planning
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies
ADVANTAGES YOU ASK ?• Manage less no. Of policies• Keep less documents• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)….. Your family should not face hardships in claiming from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies
ADVANTAGES YOU ASK ?• Manage less no. Of policies• Keep less documents• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)….. Your family should not face hardships in claiming from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies
ADVANTAGES YOU ASK ?• Manage less no. Of policies• Keep less documents• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)….. Your family should not face hardships in claiming from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies
ADVANTAGES YOU ASK ?• Manage less no. Of policies• Keep less documents• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)….. Your family should not face hardships in claiming from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies
ADVANTAGES YOU ASK ?• Manage less no. Of policies• Keep less documents• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)….. Your family should not face hardships in claiming from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies
ADVANTAGES YOU ASK ?• Manage less no. Of policies• Keep less documents• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (which is not an advantage)….. Your family should not face hardships in claiming from all those many policies…..
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
1-2 Life Insurance Policies equivalent to 10-20 Focus on life cover amount, not on number of policies
Clean Life Insurance Portfolio
Stop low maturity value policies Stop filling premiums for them Trust me, its not a loss It’s a step towards profit in Life cover
Take term plans and LIP. THAT’S IT. Divide the premium for term and LIP Trust me, its not a loss It’s a step towards profit
Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover• Start a new one with high cover value• REMEMBER: Don’t bother much for biggest cover•REMEMBER: Amount 10,00,000 = 15,00,000•REMEMBER: Amount 20,00,000 = 25,00,000• One High Life Cover = Lots of Small-Small Covers• An example may lengthen the topic, Let me know if you want one…..
Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover• Start a new one with high cover value• REMEMBER: Don’t bother much for biggest cover•REMEMBER: Amount 10,00,000 = 15,00,000•REMEMBER: Amount 20,00,000 = 25,00,000• One High Life Cover = Lots of Small-Small Covers• An example may lengthen the topic, Let me know if you want one…..
Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover• Start a new one with high cover value• REMEMBER: Don’t bother much for biggest cover•REMEMBER: Amount 10,00,000 = 15,00,000•REMEMBER: Amount 20,00,000 = 25,00,000• One High Life Cover = Lots of Small-Small Covers• An example may lengthen the topic, Let me know if you want one…..
Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover• Start a new one with high cover value• REMEMBER: Don’t bother much for biggest cover•REMEMBER: Amount 10,00,000 = 15,00,000•REMEMBER: Amount 20,00,000 = 25,00,000• One High Life Cover = Lots of Small-Small Covers• An example may lengthen the topic, Let me know if you want one…..
Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover• Start a new one with high cover value• REMEMBER: Don’t bother much for biggest cover•REMEMBER: Amount 10,00,000 = 15,00,000•REMEMBER: Amount 20,00,000 = 25,00,000• One High Life Cover = Lots of Small-Small Covers• An example may lengthen the topic, Let me know if you want one…..
Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover• Start a new one with high cover value• REMEMBER: Don’t bother much for biggest cover•REMEMBER: Amount 10,00,000 = 15,00,000•REMEMBER: Amount 20,00,000 = 25,00,000• One High Life Cover = Lots of Small-Small Covers
Financial Planning
Dump The Small Policies+
Take Term Insurance Plans+
Use Fixed Deposits
Repeat With Me…..
Dump The Small Policies+
Take Term Insurance Plans+
Use Fixed Deposits
Repeat With Me…..
Financial Planning
Financial Planning
Dump The Small Policies+
Take Term Insurance Plans+
Use Fixed Deposits
Repeat With Me…..
Financial Planning
Quick Fires ?
2
Financial Planning
Life Insurance + Term Policy(What’s the Big Deal?)
Financial Planning
Let’s bring an example here:
Life Insurance + Term Policy(What’s the Big Deal?)
Financial Planning
Let’s say you have Rs. 40,000/yr to invest.
JUST Rs. 40,000 per year
• Don’t worry,• It’s a normal, simple and low amount• You can afford it easily
Financial Planning
Let’s say you have Rs. 40,000/yr to invest.
JUST Rs. 40,000 per year
• Don’t worry,• It’s a normal, simple and low amount• You can afford it easily
Financial Planning
Let’s say you have Rs. 40,000/yr to invest.
JUST Rs. 40,000 per year
• Don’t worry,• It’s a normal, simple and low amount• You can afford it easily
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year• Rs. 5,000 per year• Take a Life Insurance • Expect cover near to Rs. 50 lakhs• For lets say, 23 years? Ok.• After 23 years?• Rs. 50 lakhs• If you die, your family is somewhat safe
• Rs. 35,000 per year• Do fixed deposits• Lets assume 8% PPF rate• Lets say 23 years? Ok.• With Compound Interest• Near to Rs. 23 lakhs
TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Much better 50+23
THAN JUST
50 of Life Insurance
Financial Planning
SUMMARY (Chapter - 1)
Minimize no. of Life Insurance Policies Don’t treat life cover as Investment tool Take Terms plans and Life Insurance Divide appropriate premium b/w them Also go for Fixed deposits They are like savings
Financial Planning
DRAW Something your BEST
on next SHEET
Financial Planning
Financial Planning
Done?
Financial Planning
Done?Now, Draw same beauty on this….. ->
Financial Planning
Financial Planning
WANT CLEANUP ?
Financial Planning
WANT CLEANUP ?
That’s my next point…..
Financial Planning
• Our Financial Life is like sheet of paper• Every scribble OR Every dirt means…..
BAD DECISIONS !
Financial Planning
• Our Financial Life is like sheet of paper• Every scribble OR Every dirt means…..
BAD DECISIONS !
Financial Planning
This Diwali, Let’s clean few things here…..
Financial Planning
Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts
Optimize ULIPs Optimize Credit Cards Optimize other investments
What is There to Clean ?
Financial Planning
Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts
Optimize ULIPs Optimize Credit Cards Optimize other investments
What is There to Clean ?
Financial Planning
Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts
Optimize ULIPs Optimize Credit Cards Optimize other investments
What is There to Clean ?
Financial Planning
Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts
Optimize ULIPs Optimize Credit Cards Optimize other investments
What is There to Clean ?
Financial Planning
Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts
Optimize ULIPs Optimize Credit Cards Optimize other investments
What is There to Clean ?
Financial Planning
Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts
Optimize ULIPs Optimize Credit Cards Optimize other investments
What is There to Clean ?
Financial Planning
Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts
Optimize ULIPs Optimize Credit Cards Optimize other investments
What is There to Clean ?
Financial Planning
OPTIMIZE STOCKS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
2 Categories for People in here:
1. Serious investors searching wealth
2. Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Serious investors searching wealth
Not looking for quick gains Very clear about rules of stocks Deeply study tricks of this game Have deep vision on stocks Know exactly how to make money over long terms
On right path They don’t need any cleanup here
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• 99% of stock population• Looking quick money in weeks or months• Sell shares ASAP see profit• Look charts, stock prices, but FOCUS profits• Buy on tips of friends or other means• Subscribe SMSs, channels, etc.• Want to label:
LUCKAs
TALENT
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• Brokers take advantage of such people
WHAT TO DO NOW ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
• Brokers take advantage of such people
WHAT TO DO NOW ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
Get rid of STOCKS asap Dying to play stocks? Invest in mutual funds
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
Get rid of STOCKS asap Dying to play stocks? Invest in mutual funds
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
Get rid of STOCKS asap Dying to play stocks? Invest in mutual funds
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
Get rid of STOCKS asap Dying to play stocks? Invest in mutual funds
WHY GET RID ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
Get rid of STOCKS asap Dying to play stocks? Invest in mutual funds
What’s the Problem ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
i don’t have any problem….. You have 2:
Your money is locked in thereo Use it in other parts of life
You think a lot about those stockso It consumes you precious time
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
i don’t have any problem….. You have 2:
Your money is locked in thereo Use it in other parts of life
You think a lot about those stockso It consumes you precious time
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
i don’t have any problem….. You have 2:
Your money is locked in thereo Use it in other parts of life
You think a lot about those stockso It consumes you precious time
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Investors searching QUICK GAINS
i don’t have any problem….. You have 2:
Your money is locked in thereo Use it in other parts of life
You think a lot about those stockso It consumes you precious time
Financial Planning
Quick Fires ?
2
Financial Planning
OPTIMIZE MUTUAL FUNDS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
a MYTH lives here also…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Many Investors Feel That:
• More mutual funds they invest in,• The better it is…..
What’s the TRUTH?
• Mutual funds aren’t like:o Stamp collection, oro Coin CollectionoMore is not always better…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Many Investors Feel That:
• More mutual funds they invest in,• The better it is…..
What’s the TRUTH?
• Mutual funds aren’t like:o Stamp collection, oro Coin CollectionoMore is not always better…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Many Investors Feel That:
• More mutual funds they invest in,• The better it is…..
What’s the TRUTH?
• Mutual funds aren’t like:o Stamp collection, oro Coin CollectionoMore is not always better…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Many Investors Feel That:
• More mutual funds they invest in,• The better it is…..
What’s the TRUTH?
• Mutual funds aren’t like:o Stamp collection, oro Coin CollectionoMore is not always better…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Many Investors Feel That:
• More mutual funds they invest in,• The better it is…..
What’s the TRUTH?
• Mutual funds aren’t like:o Stamp collection, oro Coin CollectionoMore is not always better…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What Matters in Mutual Funds ?• The allocation in different stocks• Their quality
Already invested in same kinds of stocks?
WHAT TO DO NOW ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What Matters in Mutual Funds ?• The allocation in different stocks• Their quality
Already invested in same kinds of stocks?
WHAT TO DO NOW ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What Matters in Mutual Funds ?• The allocation in different stocks• Their quality
Already invested in same kinds of stocks?
WHAT TO DO NOW ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Just 2 steps for now:
• SHUT all the current Mutual Funds
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Just 2 steps for now:
• SHUT all the current Mutual Funds
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Just 2 steps for now:
• SHUT all the current Mutual Funds
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Just 2 steps for now:
• SHUT all the current Mutual Funds
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Just 2 steps for now:
• SHUT all the current Mutual Funds
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Restart
Financial Planning
OPTIMIZE BANK ACCOUNTS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Again comes the COUNT…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Lesser the bank accounts,
• Lesser the number of fixed deposits,
• THE BETTER
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Lesser the bank accounts,
• Lesser the number of fixed deposits,
• THE BETTER
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Lesser the bank accounts,
• Lesser the number of fixed deposits,
• THE BETTER
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHY BETTER ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
HOW BETTER ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Not much problem unless you are dead,o Afterwards, your family faces problems,o Claim each bank account,o Claim each fixed deposit,o A lengthy process…..
• Each bank has different cheque-books• Account Statements• Different penalty charges• And you keep track all of this…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• One Joint accounto For family
• One Personal Accounto For salary transfers from company
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• One Joint accounto For family
• One Personal Accounto For salary transfers from company
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• One Joint accounto For family
• One Personal Accounto For salary transfers from company
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• One Joint accounto For family
• One Personal Accounto For salary transfers from company
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• One Joint accounto For family
• One Personal Accounto For salary transfers from company
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• One Joint accounto For family
• One Personal Accounto For salary transfers from company
AND
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
THAT’s ALL !All your money can fit into this…..
Financial Planning
OPTIMIZE ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
ULIPs are Unit Linked Plans.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
ULIPs are Unit Linked Plans.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
WHAT ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
That’s It?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage & superb returns….. HOW?
• Because the investments are done inSTOCK MARKETS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage & superb returns….. HOW?
• Because the investments are done inSTOCK MARKETS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage & superb returns….. HOW?
• Because the investments are done inSTOCK MARKETS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage & superb returns….. HOW?
• Because the investments are done inSTOCK MARKETS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage & superb returns….. HOW?
• Because the investments are done inSTOCK MARKETS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• Like me,• ULIPs are not suitable for common man.• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• Like me,• ULIPs are not suitable for common man.• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• Like me,• ULIPs are not suitable for common man.• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• Like me,• ULIPs are not suitable for common man.• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• Like me,• ULIPs are not suitable for common man.• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• Like me,• ULIPs are not suitable for common man.• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• Like me,• ULIPs are not suitable for common man.• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT ARE ULIPs?In short,
• ULIPs are not suitable for common man.• Like me,• ULIPs are for market and stock tycoons,• Who can manipulate market very well…..• LOST INTEREST IN ULIPs?• Good ! Move to next topic • SKIP these ULIPs
Still INTERESTED in ULIPs ?Then let’s continue…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs had some fine rules• Buyers should have checked• Sellers should have told customers• Customers should have asked all things
• No one performed well and,Customers got trapped
• Such customers could not afford ULIPs
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs had some fine rules• Buyers should have checked• Sellers should have told customers• Customers should have asked all things
• No one performed well and,Customers got trapped
• Such customers could not afford ULIPs
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs had some fine rules• Buyers should have checked• Sellers should have told customers• Customers should have asked all things
• No one performed well and,Customers got trapped
• Such customers could not afford ULIPs
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs had some fine rules• Buyers should have checked• Sellers should have told customers• Customers should have asked all things
• No one performed well and,Customers got trapped
• Such customers could not afford ULIPs
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs had some fine rules• Buyers should have checked• Sellers should have told customers• Customers should have asked all things
• No one performed well and,Customers got trapped
• Such customers could not afford ULIPs
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs had some fine rules• Buyers should have checked• Sellers should have told customers• Customers should have asked all things
• No one performed well and,Customers got trapped
• Such customers could not afford ULIPs
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007
Top Selling Points of ULIPs:
Selling Point – 1/3:• Short Term Product• Stop paying premium after 3 years• Huge Charges in initial years• People got shocked after many years
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007
Top Selling Points of ULIPs:
Selling Point – 1/3:• Short Term Product• Stop paying premium after 3 years• Huge Charges in initial years• People got shocked after many years
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007
Top Selling Points of ULIPs:
Selling Point – 1/3:• Short Term Product• Stop paying premium after 3 years• Huge Charges in initial years• People got shocked after many years
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007
Top Selling Points of ULIPs:
Selling Point – 1/3:• Short Term Product• Stop paying premium after 3 years• Huge Charges in initial years• People got shocked after many years
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007
Top Selling Points of ULIPs:
Selling Point -2/3:• Additional benefit of Life Insurance• It is FREE!• Mortality charges are reduced each
year
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007
Top Selling Points of ULIPs:
Selling Point -2/3:• Additional benefit of Life Insurance• It is FREE!• Mortality charges are reduced each
year
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007
Top Selling Points of ULIPs:
Selling Point -2/3:• Additional benefit of Life Insurance• It is FREE!• Mortality charges are reduced each
year
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007Top Selling Points of ULIPs:
Selling Point -3/3:• It will give EXCELLENT returns!• Easy to switch b/w equity & debt funds• Growth in money• Anyone can do it• The actual complexity cursed many
people.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007Top Selling Points of ULIPs:
Selling Point -3/3:• It will give EXCELLENT returns!• Easy to switch b/w equity & debt funds• Growth in money• Anyone can do it• The actual complexity cursed many
people.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007Top Selling Points of ULIPs:
Selling Point -3/3:• It will give EXCELLENT returns!• Easy to switch b/w equity & debt funds• Growth in money• Anyone can do it• The actual complexity cursed many
people.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007Top Selling Points of ULIPs:
Selling Point -3/3:• It will give EXCELLENT returns!• Easy to switch b/w equity & debt funds• Growth in money• Anyone can do it• The actual complexity cursed many
people.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Years 2004-2007Top Selling Points of ULIPs:
Selling Point -3/3:• It will give EXCELLENT returns!• Easy to switch b/w equity & debt funds• Growth in money• Anyone can do it• The actual complexity cursed many
people.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• ULIPs are long term financial products• Investments are done in stocks• Not suitable for those who: Don’t know various features And, switching options in ULIPs And, when to switch
• It is widely said:• “Pay the premium and wait for years to perform”• Its not like this,• Various charges may bring down returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
How to Cleanup ULIPs ?
• Best way you ask?• STOP THEM !• Most policies return 100%
after 5th year.• Completed 5 years?• Take current worth and,
make suitable use
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
How to Cleanup ULIPs ?
• Best way you ask?• STOP THEM !• Most policies return 100%
after 5th year.• Completed 5 years?• Take current worth and,
make suitable use
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
How to Cleanup ULIPs ?
• Best way you ask?• STOP THEM !• Most policies return 100%
after 5th year.• Completed 5 years?• Take current worth and,
make suitable use
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
How to Cleanup ULIPs ?
• Best way you ask?• STOP THEM !• Most policies return 100%
after 5th year.• Completed 5 years?• Take current worth and,
make suitable use
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
How to Cleanup ULIPs ?
• Best way you ask?• STOP THEM !• Most policies return 100%
after 5th year.• Completed 5 years?• Take current worth and,
make suitable use
Financial Planning
OPTIMIZE CREDIT CARDS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
CHARMING ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points
•BEST CHARM IS:
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points
•BEST CHARM IS:
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points
•BEST CHARM IS:
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points
•BEST CHARM IS:
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points
•BEST CHARM IS:
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points
•BEST CHARM IS:
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points• Always, pay back later•BEST CHARM IS:
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points• Always, pay back later•BEST CHARM :
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Let’s Deal with CHARMS first…..
• Many people have lots of credit cards• The higher the number, the higher is credit limit• Different credit cards, various benefits• Offers in terms of cash back• Bonus Points• Always, pay back later•BEST CHARM :
DOUBLE EDGED SWORDS !!!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Bad Habit!Credit Cards You Ask ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Bad Habit!Credit Cards You Ask ?
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Spend on things you don’t really need• Can let you into debt trap• You overspend• Don’t pay on time• It takes lot of time to come out of debt• Credit cards can create HAVOC!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Spend on things you don’t really need• Can let you into debt trap• You overspend• Don’t pay on time• It takes lot of time to come out of debt• Credit cards can create HAVOC!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Spend on things you don’t really need• Can let you into debt trap• You overspend• Don’t pay on time• It takes lot of time to come out of debt• Credit cards can create HAVOC!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Spend on things you don’t really need• Can let you into debt trap• You overspend• Don’t pay on time• It takes lot of time to come out of debt• Credit cards can create HAVOC!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Spend on things you don’t really need• Can let you into debt trap• You overspend• Don’t pay on time• It takes lot of time to come out of debt• Credit cards can create HAVOC!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
• Spend on things you don’t really need• Can let you into debt trap• You overspend• Don’t pay on time• It takes lot of time to come out of debt• Credit cards can create HAVOC!
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Myth of Minimum Payment
What most people understand it is:
• A favor from Credit Card company• Pay minimum balance per month• And, keep increase the debt on credit card
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Myth of Minimum Payment
What most people understand it is:
• A favor from Credit Card company• Pay minimum balance per month• And, keep increase the debt on credit card
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Myth of Minimum Payment
What most people understand it is:
• A favor from Credit Card company• Pay minimum balance per month• And, keep increase the debt on credit card
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Myth of Minimum Payment
What most people understand it is:
• A favor from Credit Card company• Pay minimum balance per month• And, keep increase the debt on credit card
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Myth of Minimum Payment
What most people understand it is:
• A favor from Credit Card company• Pay minimum balance per month• And, keep increase the debt on credit card
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Minimum Payment in Credit Cards
• Amount to pay on credit card bill• It is to avoid penalty charges for
non-payment• But, interest is charged on dues
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Minimum Payment in Credit Cards
• Amount to pay on credit card bill• It is to avoid penalty charges for
non-payment• But, interest is charged on dues
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Minimum Payment in Credit Cards
• Amount to pay on credit card bill• It is to avoid penalty charges for
non-payment• But, interest is charged on dues
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Minimum Payment in Credit Cards
• Amount to pay on credit card bill• It is to avoid penalty charges for
non-payment• But, interest is charged on dues
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
An Example ? Okay.
Optimize Stocks
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Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
Credit Card Bill: Rs. 20,000Minimum Payment: Rs. 1,000
We can do 3 things in this case…..
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
1. Make the full payment of Rs. 20,000
2. Don’t pay anything• Penalty of Rs. 1,000 will be applied• Added to your dues• Interest will be charged on dues
3. Make min. payment of Rs. 1,000• No penalty will be charged• But, interest is charged on debt
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
WHAT TO DO ?
• Keep very few credit cards• Control the spending behavior• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000• Choice is yours, Always.
Financial Planning
Quick Fires ?
3
Financial Planning
OPTIMIZE OTHER INVESTMENTS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What can be in there?
• PPF, NSC, Post Office Products,• Real Estate, Infrastructure bonds…..
CHECK:Why did you buy it ? Does it serve well ?Reduce the no. accordingly…..Without compromising the returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What can be in there?
• PPF, NSC, Post Office Products,• Real Estate, Infrastructure bonds…..
CHECK:Why did you buy it ? Does it serve well ?Reduce the no. accordingly…..Without compromising the returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What can be in there?
• PPF, NSC, Post Office Products,• Real Estate, Infrastructure bonds…..
CHECK:Why did you buy it ? Does it serve well ?Reduce the no. accordingly…..Without compromising the returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What can be in there?
• PPF, NSC, Post Office Products,• Real Estate, Infrastructure bonds…..
CHECK:Why did you buy it ? Does it serve well ?Reduce the no. accordingly…..Without compromising the returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What can be in there?
• PPF, NSC, Post Office Products,• Real Estate, Infrastructure bonds…..
CHECK:Why did you buy it ? Does it serve well ?Reduce the no. accordingly…..Without compromising the returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What can be in there?
• PPF, NSC, Post Office Products,• Real Estate, Infrastructure bonds…..
CHECK:Why did you buy it ? Does it serve well ?Reduce the no. accordingly…..Without compromising the returns
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts
Optimize ULIPs
Optimize Credit Cards
Optimize other investments
Financial Planning
What can be in there?
• PPF, NSC, Post Office Products,• Real Estate, Infrastructure bonds…..
CHECK:Why did you buy it ? Does it serve well ?Reduce the no. accordingly…..Without compromising the returns
Financial Planning
A Money Backup for Your Health Problems
Health InsuranceChapter – 3 of 5
Financial Planning
It provides medical money You don’t need to break other investments Your bank balance remains safe
Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money• Upto a limit only• Like,
o Room chargeso Surgeono Oxygeno Bloodo Operation Theatre
• Return a certain amount only• Actual spent money doesn’t matter• Like,
o Per day amount of hospitalization
o Heart attacko Kidney failureo Bypass surgery, etc.
Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money• Upto a limit only• Like,
o Room chargeso Surgeono Oxygeno Bloodo Operation Theatre
• Return a certain amount only• Actual spent money doesn’t matter• Like,
o Per day amount of hospitalization
o Heart attacko Kidney failureo Bypass surgery, etc.
Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money• Upto a limit only• Like,
o Room chargeso Surgeono Oxygeno Bloodo Operation Theatre
• Return a certain amount only• Actual spent money doesn’t matter• Like,
o Per day amount of hospitalization
o Heart attacko Kidney failureo Bypass surgery, etc.
Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money• Upto a limit only• Like,
o Room chargeso Surgeono Oxygeno Bloodo Operation Theatre
• Return a certain amount only• Actual spent money doesn’t matter• Like,
o Per day amount of hospitalization
o Heart attacko Kidney failureo Bypass surgery, etc.
Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money• Upto a limit only• Like,
o Room chargeso Surgeono Oxygeno Bloodo Operation Theatre
• Return a certain amount only• Actual spent money doesn’t matter• Like,
o Per day amount of hospitalization
o Heart attacko Kidney failureo Bypass surgery, etc.
Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money• Upto a limit only• Like,
o Room chargeso Surgeono Oxygeno Bloodo Operation Theatre
• Return a certain amount only• Actual spent money doesn’t matter• Like,
o Per day amount of hospitalization
o Heart attacko Kidney failureo Bypass surgery, etc.
Financial Planning
Features Cover for Individual Family Floater
Who’s Covered ? Only the insured person Self + Spouse + Kids
Eligibility Criteria Age 18+ years Primary insured should be 18+ years age
Insurance Cost Greater than Family Floater
Comparatively low
Individual & Family Floaters
Financial Planning
“My Employer provides me health insurance.”
Still, take a cover of your own.
Feel the difference later.
Financial Planning
“My Employer provides me health insurance.”
Still, take a cover of your own.
Feel the difference later.
Financial Planning
“My Employer provides me health insurance.”
Still, take a cover of your own.
Feel the difference later.
Financial Planning
Wait! It’s an emergency…..
Emergency FundsChapter – 4 of 5
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
What Kinda Emergencies ?
Debt Crisis ? May be. Job Loss ? May be. Hair Loss? No. Someone close in emergency like, illness? Others…..
Financial Planning
• It’s good to keep aside money for such emergencies.• Peace of mind you get.• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?o How fast can we access it ?
Brush any suitable title here…..
Financial Planning
• It’s good to keep aside money for such emergencies.• Peace of mind you get.• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?o How fast can we access it ?
Brush any suitable title here…..
Financial Planning
• It’s good to keep aside money for such emergencies.• Peace of mind you get.• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?o How fast can we access it ?
Brush any suitable title here…..
Financial Planning
• It’s good to keep aside money for such emergencies.• Peace of mind you get.• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?o How fast can we access it ?
Brush any suitable title here…..
Financial Planning
• It’s good to keep aside money for such emergencies.• Peace of mind you get.• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?o How fast can we access it ?
Brush any suitable title here…..
Financial Planning
Where to Invest ?
• Savings bank account• Liquid Funds• Fixed deposits• Credit Cards (Not recommended at all) Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account• Liquid Funds• Fixed deposits• Credit Cards (Not recommended at all) Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account• Liquid Funds• Fixed deposits• Credit Cards (Not recommended at all) Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account• Liquid Funds• Fixed deposits• Credit Cards (Not recommended at all) Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account• Liquid Funds• Fixed deposits• Credit Cards (Not recommended at all) Unless the situation is of DO or DIE
Financial Planning
Quick Fires ?
2
Financial Planning
It’s about fulfilling our Monetary Dreams
Goal PlanningChapter – 5 of 5
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Two Types of Goals Are Here
Short Term Goals Long Term Goals• Range between 0-5 years• Includes Tasks Like, Buying a large LCD TV Higher Education Buying a car Attending a wedding in family
• Range beyond 5 years• Includes Tasks Like, Buying a new HomeWorld Tours Becoming entrepreneur Education of children
Financial Planning
Steps Solve the Task
Calculate future value of the financial goals
Find, how much to investper month/year to achieve the future value
Where to invest ?
Financial Planning
Steps Solve the Task
Calculate future value of the financial goals
1
Financial Planning
Steps Solve the Task
Calculate future value of the financial goals
Find, how much to investper month/year to achieve the future value
1 2
Financial Planning
Steps Solve the Task
Calculate future value of the financial goals
Find, how much to investper month/year to achieve the future value
Where to invest ?
1 32
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Where to Invest ?Short Term Goal Long Term Goal
Risk
Tak
ers
Risk
Avo
ider
s
• Debt Funds• Corporate fixed deposits• Recurring deposits• Fixed deposits• Fixed maturity plans
• Equity mutual funds• Real estate• Index funds• Stocks• Balanced Funds
• Fixed deposits• Recurring deposits• Saving bank account
• Balanced Funds• Fixed deposits• Gold• Index funds• PPF
Financial Planning
Quick Fires ?
Financial Planning
CREDITS
“How To Be Your Own Financial Planner In 10 Steps”.
Written by: Mr. Manish Chauhan
Purchase Now !
Financial Planning
Out of the total 10 steps available in the book, we have covered 5 steps in this Phase 1 of the presentation.
As, it may get difficult for many people to cover whole of the content in this Phase 1
so, we will cover rest of the steps in Phase 2.
Thank you so much for being with us. Stay in touch for Phase 2.