Intro to personal_finance_wealth

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Personal Finance Planning

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Today’s Agenda

• Introductions• Personal Finance Concepts

& application• Financial Markets• Insurance Concepts and

Selling• Goal Based Performance• Discussions

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Fundamentals First

• What are assets?

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Workbook: mark assets?

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Assets Defined

Asset is one which

generates a positive cash

flow

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Cash Flow Relationship

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Am I Wealthy?

• Imagine a few Wealthy People

• What do you see?

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Definition of Wealth

–Wealth is not defined by the amount of money.

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Definition of Wealth

–Wealth is defined by how long you can continue living the same lifestyle if you stop working today.

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Your wealth is therefore defined by three things

• Your monthly expenses,

• Your liquid assets and

• Your passive income.

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INCOME

•Reduce Expenses

•Reduce Liabilities•Invest in Assets

•Re Invest in Assets

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