Fin win Financing Your Dreams - Gyaandeep - DEAL
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The document discusses financing your dreams through proper financial planning and investment. It emphasizes the importance of saving money on a regular basis to achieve financial goals like buying a house, education, and retirement. It also stresses the need to balance investments between protection, which guarantees returns but is lower risk, and growth, which has higher risk but potential for better returns. Finally, it highlights that financial planning should include protection from risks like premature death, disease, and disabilities to safeguard one's savings and investments.
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FIN WIN- Know your Need
CREATION & ACCUMULATION PROTECTION
from
Death,
Disability &
Critical Illness
Tax
Benefits
[U/S 80 C,
80D & 10
(10) (D)]
Savings
Growth
Income
Protection
Inflation
Protection
Plan your Savings & Investment as per your
Objective & Goals](https://image.slidesharecdn.com/finwin-financingyourdreams-201028135006/85/Fin-win-Financing-Your-Dreams-Gyaandeep-DEAL-21-320.jpg)
Fin win Financing Your Dreams - Gyaandeep - DEAL
- 1. FIN WIN- Financing your Dreams Finance= Money : The Need & Charm of Each House Hold
- 2. Power of Finance- Money ……….. 2 • Money is Medium of transact across various businesses. • Finance is Basis of one‟s life, that show‟s successful he or she is? • Money is a resource for buying services/goods for life. • Finance is strength or power to purchase, invest and save.
- 3. Diwaker S Chandra About the Facilitator
- 4. About the Facilitator Diwaker S Chandra is a thorough professional with 26 years experience in Sales Training & People Psychology. He is self motivated versatile personality with flair of linguistic ability & interpersonal skills. His strength as a Facilitator is his high degree of energy and passion that captivates and engages the participants using humor, anecdotes, games, activities, quizzes & realistic examples etc. Diwaker facilitates Session for Community Empowerment. He is committed to enhance not only productivity of an individual but also overall quality life and skills of life he touches. Key Interventions: Selling Skill Customer Orientation & Experience Leadership Development Enhancing Productivity People & Behavioral Intervention Organization Effectiveness
- 5. GYAANDEEP- Engage, Enrich & Empower An initiative by – Digital Excellence Academy of Learning
- 6. 6 ABOUT DEAL & GYANDEEP GYAAN DEEP is an initiative of DEAL- Digital Excellence Academy of Learning. We aim to empower our fellow citizens by strengthening and unlocking potential in key areas. Our aim is to strengthen your understanding in the Personal, Professional, Social, and Financial domains through enhanced life Skills. At DEAL, it is our firm belief that - “Your earning ability today is largely dependent upon your knowledge and skill as input and your ability to combine these two in a manner to contribute value that customers are willing to pay for, as the output .” Here is your opportunity to Enrich your Self with your choice of subject and topic. The Window of Opportunity is Open from 18th October to 18th November. This initiative is a Corporate Social Responsibility programme by the community for the community.
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- 8. 8 FIN WIN- Financing Your Dreams Each one of us have Aspiration, Dreams & Responsibilities. Are you Prepared to Achieve it Bright future of Child Grow your Money Financial protection For family Answer these 3 questions To Self For Your Dreams & Key Responsibilities Do You Want…. None of the Above can be achieved without Money
- 9. 9 Financial Planning – A lifelong prerequisite Because needs and circumstances keep changing throughout life 0 10 20 30 40 50 60 70 80 Early Childhood High School and College Family Formation Career Development Pre- Retirement Retirement Retirement and Estate Planning Tax Planning Savings and Investment planning Contingency and Insurance Planning Age (in years) Income Stream IncomeCurve
- 10. FIN-WIN People Don’t Plan To Fail They Fail To Plan
- 11. Life Cycle of Finance –Money ? Are we missing some thing? We Need to Re-Think.
- 12. 12 Financing your Future What are your ways for financial planning? Income Spend Save FINANCIAL FAILURE ( situation most households remain in) Income FINANCIAL DEPENDENCY (not workable in the long-term) Income Spend Save Invest FINANCIAL INDEPENDENCE (takes care of expenses and long-term financial goals) Spend Save
- 13. 13 First and foremost, saving money is important because it helps protect you in the event of a financial emergency. Additionally, saving money can help you pay for large purchases, avoid debt, reduce your financial stress, leave a financial legacy, and provide you with a greater sense of financial freedom. 10 Reasons Why You Should Save Money (Even When Borrowing is Cheap & Easy) FIN WIN- Importance of Saving & Investment Become Financially Independent Unforeseen Expenses & Emergencies Maximize Interest Rates Save for a Vacation, Car & other desire Save for Down Payment for a House Get Out of Debt To Have a Good Life Irregular or Recurring Expenses Annual Expenses Relaxed Retirement Life
- 14. 14 FIN WIN-Account Your Financial Journey & Opportunity Age when you started working 22 36Number of years You have worked =14yrs Age Today Average annual earning till Age 36 is (1,00,000+6,00,000)/2 i.e. Rs 3,50,000 Your first salary cheque? Rs. 8,500 Assume Your current monthly income? Rs.50,000 Did u know that in last 14 yrs you have earned Rs.3,50,000*14 yrs = 49 lacks What has been the saving in these 14 years (FD,PPF,NSC, MF, Stocks) if you Says (Rs 4,00,000) Your % Savings is = (4,00,000/49,00,000*100) =8.16% The Wallet Theory says you should save at least 15% of your monthly income !!!!!
- 15. 15 FIN WIN- Plan Your Financial Journey 36 yrs 60 yrs Your Current Age You would work till age Only 24 yrs are left for retirement Current Annual Income = 6lacs Assume Even If your income does not increase at all Rs1,44,00,000 Average earning till 60 yrs Rs. 6,00,000 * 24= If you continue to save at the same rate 8.16% you will save Rs.11,75,040 in the next 24 years Will this savings help you achieve your dreams ???
- 16. 16 FIN WIN- How to Keep Hard Earned Money Safe FOR BA N KS R BI FOR M U T U A L FU N D S S E BI Fo r I N S U R ANC E- I R D A I Invest in avenues Those who are Regulated Regulators helps us to safe Guard our Interest
- 17. 17 FIN WIN- Financing your future Integrated Financial Planning INTEGRATED FINANCIAL PLANNING Retirement Children‟s Education Various investments options to create wealth Family Protection Protection against Disability & Hospitalization Protection against Critical Illnesses ACCUMUL ATION PROTECTION CREATION Buying a house
- 18. FIN WIN- Save Your Savings & Investment There are three major classes of risks associated with the Human life : 3D Death: premature death & long life (old age, longevity) Disease: Health risks Disabilities- loss of earning capacity SAVE YOUR SAVINGS If you are not protected from the risk of 3D No matter how much savings or Investment you have its not work of. Remember LIFE has a “IF” within… Your Money is safe & finance is stable only when you have protected your Self from the impact of all “IF”
- 19. 19 FIN WIN- Basics of Investment Planning ▪ Financial (Investment) Planning ▫ Is all about creating, managing & enhancing your wealth ▫ Is important to help you realize your financial dreams ▫ Is an ongoing process ▪ 4 Steps guide to good investing ▫ STEP 1: Set your goals ▫ STEP 2: Identify your risk profile ▫ STEP 3: Pick your asset mix ▫ STEP 4: Review the progress of your previous investments
- 20. 20 FIN WIN- Basics of Investment Planning ▪ The difference between SAVINGS and INVESTING Savings = Income – Expenses Investment = Mobilized Savings Kept in safe, low-risk vehicles Liquid Yields lower returns Used for short-term goals Involves risk Volatile Offers potential for higher growth Used for mid and long-term goals WHAT IS SAVINGS ? WHAT IS INVESTMENTS ?
- 21. 21 FIN WIN- Know your Need CREATION & ACCUMULATION PROTECTION from Death, Disability & Critical Illness Tax Benefits [U/S 80 C, 80D & 10 (10) (D)] Savings Growth Income Protection Inflation Protection Plan your Savings & Investment as per your Objective & Goals
- 22. FIN WIN- Ideal Investment PROTECTION – GUARANTEES Life Insurance, Health Insurance (3% to 5%) VERY LOW to MODERATE RISK PPF, FD‟s, Annuities, Savings Plans, OPP MODERATE RISK Mutual Funds, Stocks, Bonds, etc HIGH RISK Collectibles, Art, Coins etc Aggressive Planning Growth Planning Defensive Planning
- 23. 23 FIN WIN- Striking a fine balance ▪ A plan that should protect & profit you on your Investment throughout your life. ▪ Balancing risk at both the end If something happens Sufficient funds to meet the basic need of spouse & dependants, Fulfilling Financial responsibilities„, impending expenses as well as Other financial needs. If nothing happens You are able to fulfill all Your responsibilities & enjoy a wonderful independent retirement Life, leave a legacy behind for Your children & Grand children's.
- 24. 24 FIN WIN- Computation of current financial worth ▪ Step 1- You can ascertain your current financial worth by: ▫ Calculating your net current income ▫ Deducting your personal expenses ▫ Determining the total fund that is required to be invested to ensure current net income at the present interest rate. ▪ Step 2- Securing the needs of Family? ▫ Calculating your current financial worth helps you decide how much FINANCIAL PROTECTION you need for your family to maintain the same standard of living today, if you are not there. ▫ Minimum Protection Need = Monthly Expense x 200 ▫ Example: Monthly Expense – 50,000/- x 200= 1,00, 00,000/- ▫ Interest of Rs. 1,00, 00,000 @ 6% = Rs 6,00,000/ 12= Rs. 50,000 ▫ Family receives Rs. 50,000 compensation only when you take a right decision of Protection.
- 25. 25 FIN WIN- A Decision to Win Something which matter a lot to all of us DREAM OF YOU & YOUR FAMILY WEALTH CREATION SAFTY FROM UNCERTANITY TAX PLANNING LIVING LUXURY LIFE IN PRESENT OR INVESTMENT & PROTECTION FOR FUTURE ? Success = Decision
- 26. 26 Stay Safe & Keep investing for future
- 27. 27 Thanks! Any questions? You can find us at: ▪ https://www.dealtrainingsolutions.com ▪ https://www.facebook.com/pg/dealtrainingsolutions/ ▪ https://www.instagram.com/dealtrainingsolutions/ ▪ https://www.linkedin.com/company/dealtrainingsolutions/