Dec 24, 2014
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Personal Finance Planning
www.finerva.com | [email protected] | +91-9787-11-11-66
Today’s Agenda
• Introductions• Personal Finance Concepts
& application• Financial Markets• Insurance Concepts and
Selling• Goal Based Performance• Discussions
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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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