WHAT WILL I LEARN How to plan my Investment Portfolio?

My Assets and my Liabilities .

Am I adequately insured?

What are different asset classes?

What is my risk appetite?

How to plan my post – retirement income?

How to plan my child’s education program?

How to relate my investments with my various goals?

HOW TO LIVE IN (FINANCIAL) PEACE AND HAPPINESS.2

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GOAL GOAL

HOW5

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THERE’S A WAY

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HOW TO DO A FINANCIAL PLAN

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FINANCIAL GOALS

Financial goals are specific objectives to be accomplished through financial planning

Financial goals should be SMART goals: Specific Measurable Attainable Realistic Time Bound

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An essential step to

creating a financial

plan

LIFESTYLE CONDITIONS

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TRADITIONAL AGE GROUP FINANCIAL PLANNING NEEDS

Adult With or Without Children Ages 22 – 34 Establishing a household Training for a career Earning financial independence Child-bearing Child-raising Starting an education fund for children Expanding career goals Managing increased need for credit Discussing and managing additional insurance needs Creating a will Maximizing financial management by all members of

household

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TRADITIONAL AGE GROUP FINANCIAL PLANNING NEEDS

Adult With or Without Children Ages 25 – 34 Child-bearing Child-raising Starting an education fund for children Expanding career goals Managing increased need for credit Discussing and managing additional insurance

needs Creating a will Maximizing financial management by all

members of household

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TRADITIONAL AGE GROUP FINANCIAL PLANNING NEEDS

Working Adult or Parent Ages 35 – 44 Upgrading career training Building on children’s education fund Developing protection needs for head-of-

household Need for greater income due to expanding needs Establishing retirement goals

Midlife Ages 45 – 54 Assisting with higher education for children Investing Updating retirement plans Developing estate plans

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TRADITIONAL AGE GROUP FINANCIAL PLANNING NEEDS Pre-Retirement Ages 55 – 64

Consolidating assets Planning future security Investigating retirement part-time income or volunteer work Re-evaluating property transfer Evaluating expenses for retirement and current housing Meeting responsibilities of ageing parents

Retired Ages 65 and older Re-evaluating and adjusting living conditions and spending

as related to health and income Adjusting insurance programs for increasing risks Acquiring assistance in management of personal and

financial affairs Finalizing estate plan Finalizing will or letter of last instructions

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Source : Rich Dad Poor Dad

Income – Expenses = Savings

Income – Savings = Expenses

Change To

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