Financial planning executive_secretaries

www.finerva.com | [email protected] | +91-9787-11-11-66

Financial Planning & the Kautilyas

Financial skills for Executive Secretaries


Survey

• How good are your

financial skills?

• How comfortable are you

with business numbers?

• How was the lunch today?


Role of Financial Management in the Executive Secretary’s life?


3 Mantras for today

•Cash flow•Compounding•Budget


Asset

• Something that

puts money in my

pocket…

• Positive cash


This is the cash flow pattern of an asset

Income

Expense

LiabilitiesAssets


Liability• Something that

takes money out

of my pocket.

• Negative cash!!!


This is the cash flow pattern of

a liability

Income

Expense

LiabilitiesAssets


Income

Expense

LiabilitiesAssets

You have a choice what to do with

your income


A wise administrator would strive for an increase of income and a decrease of

expenditure – Kautilya in Arthasastra

Azhivadhum aavadhum aaghi vazhi payakum

Oodhiyamum soozhndhu seyal – Kural 461


Power of Compounding


Vision 2020!!!• One plate idli in

2020?

•Rs 102• Power of

compounding


Magic of Compounding•Milestone pla

nning

• Retirement planning


The way forward? - Budget

• Do you control your

budget or does your

budget control you?

• A method of planning


Data + Assumptions = Predictions

• Schedule your inflows

• Control your costs


Priorities/goals might change but they will get accommodated in the budget, that’s why WE NEED A BUDGET!!!!

What if priorities change?


Parting mantras: Cash is King


Formula for wealthIncome – Savings = Expense


Compounding is magical


I am ready for questions

!!!


Financial planning executive_secretaries

Documents

cash flow

financial

supportfinerva

finerva

control

budget

www

expense