Financial planning
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The document discusses the importance of financial planning and goal setting. It states that the starting point for achieving any goal is to have a plan for it. When a goal is planned out in a specific, measurable, achievable, realistic and time-bound manner it becomes a "SMART" goal. Examples are given of vague goals versus SMART goals. The document emphasizes that many goals are delayed or not fulfilled because people only wishfully think about goals rather than making definite plans to achieve them. Financial planning tools like savings ratios, expense tracking and budgeting are presented as ways to help people set and achieve financial goals in a planned manner.
Financial planning
- 3. Financial Planning is a process of setting and achieving long/medium/short terms financial goals through the use of:- 1. Saving 2. Credit(Money) 3. Insurance 4. Pension 5. Other events planning 6. Manage money 7. Manage Debt 8. Financial diary 9. Spend wisely 10.Reduce expenses
- 4. Kaei ka Financial Planning.. What? Why? How?
- 6. How do success people plan???
- 7. 9/25/2019 NATIONAL ACADEMY OF RUDSETI FIN LIT RAVIKRISHNAN PRESENTATION 7 Planning: The Mantra of Success! The starting point to achieve any Goal is to have a plan for it. Once you have a plan, it is no more a vague goal, it becomes a SMART goal.
- 8. 9/25/2019 NATIONAL ACADEMY OF RUDSETI FIN LIT RAVIKRISHNAN PRESENTATION 8 SMART NOT SMART SMART SPECIFIC I WANT TO BUY A CYCLE I WANT TO BUY A BSA CYCLE MEASURA BLE I WILL NEED SOME MONEY TO BY A CYCLE I WILL NEDD RS 3000 TO BUY A BSA CYCLE ACHIEVABL E I WILL SOME HOW BUY THE CYCLE I WILL ASK MY PARENTS TO GET ME THE CYCLE REALISTIC I WILL BUY THE CYCLE BY WINNING A LOTTERY I WILL START SAVING TO BUY A CYCLE TIME BOUND I WILL BUY THE CYCLE SOME TIME IN THE FUTURE I WILL SAVE RS 300 EVERYMONTH TO BUY THE CYCLE IN 10 MONTHS TIME
- 9. SAVINGS RATIO 9/25/2019 NATIONAL ACADEMY OF RUDSETI FIN LIT RAVIKRISHNAN PRESENTATION 9
- 10. 9/25/2019 NATIONAL ACADEMY OF RUDSETI FIN LIT RAVIKRISHNAN PRESENTATION 10
- 11. Money earns from various Sources
- 12. Deployment of money to earns more returns
- 16. Shah Ram bad Kit Ram
- 17. 9/25/2019 NATIONAL ACADEMY OF RUDSETI FIN LIT RAVIKRISHNAN PRESENTATION 17 Planning: The Mantra of Success! We all have Goals in life: I want to buy an IPAD I want to go for a movie I want to buy a cycle I want to get admission in ABC College
- 18. 9/25/2019 NATIONAL ACADEMY OF RUDSETI FIN LIT RAVIKRISHNAN PRESENTATION 18 Planning: The Mantra of Success! Have you ever wondered why many of our goals are delayed or worse not fulfilled? Well, simply because we are wishful about our goals and we have no definite PLAN to achieve these cherished goals.
- 19. Life even Cycle
- 20. Goal Setting for Financial Planning ( charts) by listing down their own goals
- 21. Understand what is.?? Various Cycle of Poverty (Charts)
- 22. Grass hopper examples Ganga Jamna Videos
- 23. Exercise on Goal and Budgeting Use the Financial planning formats
- 24. Planned and unplanned Life Use the Charts