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    1 Intro To Financial Literacy PDF

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    Lawrence Cezar

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    1 Intro To Financial Literacy PDF

    Uploaded by

    Lawrence Cezar
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    1_INTRO_TO_FINANCIAL_LITERACY.pdf

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    © All Rights Reserved
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    113 views48 pages

    1 Intro To Financial Literacy PDF

    Uploaded by

    Lawrence Cezar

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 48

    BUILDING YOUR FUTURE:

    An Introduction to Financial Literacy

    Week of : February 26, 2019

    Temporary File
    BUILDING YOUR FUTURE:
    An Introduction to Financial Literacy

    1. Who needs financial literacy?


    2. Why do we need to teach financial literacy?
    3. Financial Literacy Road Map
    4. Building a Strong Financial Foundation

    Temporary File
    FINANCIAL LITERACY must be made
    available to everyone regardless of
    their background.

    “Maging Sino
    Ka Man”
    3
    OFW s
    MEN & WOMEN IN UNIFORM
    Teachers and Educators
    CELEBRITIES
    EMPLOYEES and ENTREPRENEURS
    STUDENTS
    “Financial education
    is not just for
    the wealthy –
    it’s for everyone.”

    Temporary File
    In 2013, the average Filipino has a financial
    quotient of 53% (FinQ Survey- Citibank, Manila Bulletin, 2013)
    FILIPINO LIFE EXPECTANCY 2014
    Men  Age 70
    Women  Age 76
    Many people have difficulty in saving money for their future
    needs.
    DOB BTL
    2001 17 60 90
    ● ●
    SCHOOL YEARS PRODUCTIVE YEARS
    ● RETIREMENT
    ●
    (Earning Income from Job
    and/or B u s i n e s s )

    OR

    15
    16
    Retirement Crisis
    “Ang Krisis na mga Retirado”

    2% 23% 30% 45%


    Financially Dependent on Dependent on
    independent Still working
    CHARITY their CHILDREN

    They did not plan to fail.


    They simply failed to plan .
    1. INCREASE CASH FLOW
    2. GET PROPER PROTECTION
    3. MANAGE DEBT

    4. CREATE EMERGENCY FUND


    5. BUILD LONG TERM ASSET ACCUMULATION
    6. PRESERVE ESTATE
    Most people
    MONTHLY INCOME have negative
    cash flow
    MONTHLY EXPENSES
    CASHFLOW
    Let’s do an Exercise! =)
    LIVE BELOW YOUR
    INCOME
    INCOME
    -
    EXPENSE
    = ??
    SAVINGS

    SALARY -

    YOURSELF
    SAVER MONTHLY SAVINGS TOTAL AFTER 15 TOTAL AFTER 35
    YEARS @ 12% YEARS @ 12%

    WATER P20 x 30 = P600 +P300K +P3.5M


    P0

    3-in-1 COFFEE
    Do you want
    P130 x 20 = P2,600 +P1.3M +P15.1M
    P10/cup
    START
    P800 x 4 = P3,200 to
    DINE HOME have+P18.6M
    +P1.6M
    P200

    PACKED LUNCH
    SAVING!
    Php67.4M?
    P100 x 20 = 2,000 +P1.1M +P11.6M
    P50

    NO BRAND SHIRT P3,200 x 1 = 3,200


    +P1.6M +P18.6M
    P300 +P5.9M +P67.4M
    This is for illustrative purposes only and not indicative of any investment. Past performance is no guarantee of future results.
    Prosperity Formula
    LIVE BELOW YOUR
    INCOME

    USE YOUR SPARETIME TO


    EARN BACK-UP INCOME
    provides
    protection for your family in
    case you die too soon.

    “Most people have good


    protection on their houses and
    cars, but few have enough for
    their loved ones”
    provides
    protection for your family in
    case you die too soon.
    DO YOU KNOW…
    How to calculate your insurance protection need?

    The difference between Term Life, Whole Life &


    Variable Universal Life?
    LONG TERM CARE - to provide you healthcare
    when your retire or when you stop working
    (someone to take care of you when you get old).
    If you cannot control your debt, your
    income will become useless.
    If you cannot control your debt, debt will
    control you!
    Hand to Mouth
    Hand to Hand
    Touch Me Not
    Come What May
     Loss of job or income
     Hospitalized for extended time
     Tragic death
     Catastrophe
    (Typhoon, Earthquake, etc…)
    = Number of
    years for your
    money to
    double
    You open a Your money
    savings account doubles after
    in the bank 72 years

    ÷ Yrs.
    Depositor Shareholder

    Savings Account Investment


    KNOW HOW THE
    STOCK MARKET WORKS
    PROTECT YOUR FUTURE
    Do you know without proper planning, your
    assets and family may not be protected

     Who gets your home?

     Who inherits all your bank accounts?

     Can you avoid family arguments over your belongings and


    keepsakes?

     Do you have funds to pay Estate Tax?


    IMPORTANCE OF BUILDING

    IS YOUR HOUSE BUILT ON A HOW ABOUT YOUR

    • Typhoon • Financial crisis


    • Earthquake • Lost income
    • Illness/Disability
    • Debt/Loan
    • Bankruptcy
    Property of IMG Wealth Academy

    WEAK
    For internal use only

    VS. SOLID Foundation


    Property of IMG Wealth Academy
    For internal use only
    BUILD A STRONG FOUNDATION
    SOLID FINANCIAL FOUNDATION = PEACE OF MIND!
    EXAMPLE: INCOME = 25K/month = 300K/year

    P6M ⇨⇨ANNUAL INCOME


    P6M x 5% x 20
    = P300K/yr

    P150K ⇨ MONTHLY INCOME x 6

    Zero Bad Debt ⇨ ZERO BAD DEBT


    P3M ⇨ ANNUAL INCOME x 10

    P1M ⇨ P1M? P3M? P5M?

    P100K/month++ ⇨ ⇮ PASSIVE INCOME STREAMS

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