5 c's of life
DESCRIPTION
5 c's of lifeTRANSCRIPT
For a 20 minute Presentationon
YOU CAN’T WIN THIS GAME
LIFE IS A GAME OF CHESS
LIFE IS A GAME OF CHESS
IF YOU THINK ONLY OF YOUR NEXT MOVE.
TO WIN THIS GAME YOU HAVE TO THINK
OF THE MOVES OF YOUR OPPONENT.
LIFE IS A GAME OF CHESS
LIFE IS A GAME OF CHESS
MAKE THE RIGHT MOVE
CHECK & MATECHECK & MATECHECK & MATEYOUR OPPONENT IS TIME
LIFE IS A GAME OF CHESS
LIFE IS A GAME OF CHESS
With A SCIENTIFIC APPROACH
4C’s of Family Welfare Economics
1.Creation of Income
2.Consumption of Income
4. Conservation of Income
3. ?????????? of Income
5. CHARITY5. CHARITY
IF YOU DON’T TAKE CARE OF THE 3rd C- CONTINUITION
THEN THE FAMILY MAY HAVE TO TAKE THE HELP OF THE 5th C
1ST of the 4C’s of Family Income
1. Creation of Income
Knowledge of taxes increase disposable income
2nd of 4C’s of Family Income
2. Consumption of Income
Wealth Accumulation & Estate Planning4. Conservation of Income4thof 4C’s of Family Income
What are the circumstances due To which 1st of Family Income can
Close
3 major interventions
Retirement - - Disability - - Death
3rd of 4C’s of Family Income3. Continuation of Income
Revenue Expenses Capital Expenses
Helps to Attain and Maintain a Standard of Living
Liquid Assets Non Liquid Assets
INSURANCE, FDS,PPF SHARES,REAL ESTATE
= Earned Income
Conservation of Income
Continuation of Income
Creation of Income
Consumption of Income
HOW WEALTH GETS DISTRIBUTED ?
WEALTH HAS TO BE LIQUIDATED FOR THE FAMILY’S
4. Conservation
of Income
2. Consumption
of Income
1. Creation of Income
3. Continuation of Income
50L
Distribution of Wealth
1 Cr.
50L
1 Cr.
50 L
50 L
Where do you stand