Download - Img financial education
FREE FINANCIAL EDUCATION
“MOST PEOPLE DON’T PLAN TO FAIL, THEY JUST FAIL TO PLAN”
INTERNATIONAL MARKETING GROUP
THE RAT RACE CYCLEWHY MOST PEOPLE STRUGGLE FINANCIALLY
YOUR HARD EARNED MONEY
I N C O M E
W O R K
YOU WORK SO HARD FOR THE MONEY
B I L L S
YOUR RESPONSIBILITIESL I F E S T Y L E
IMMEDIATE GRATIFICATIONEvery peso you spend it goes to somebody else pocket! This is where
Most people have lost their hard earned money
N O S A V I N G S
Living Beyond IncomeSpend Everything You Earned
D E B T / L O A N S
Housing Loan * Car LoanCredit Card * Salary Loan
Appliances Loans, etc.THE RAT RACE
Enjoy NowRegret Later
SENIOR CITIZEN SURVEY• 2% FINANCIALLY INDEPENDENT• 30% CHILDREN AND RELATIVES• 20% SSS AND GSIS PENSION• 8% CHARITY• 40% STILL WORKS
No Savings
Big Savings
Less RESP.
Big RESP.
INCOME
FoodShelter-Housing Loan or RentClothingEducationHealthDebt/Loan
What If you Die Too Soon?
FoodShelterClothingHealthDebt Free
What If you Live Too Long?
You work hard for Money Money working for You
LOI - Living On Interest
Taking care of your FAMILY Taking care of your FUTURE
PROTECTION INVESTMENTS & LTC
HEALTHCARE
EMERGENCYFUNDS
AGE Line
YOUNGER OLDER
- Temporary
THE RULE OF 72
72 ÷ 4 = 18
72 ÷ 8 = 9
72 ÷ 12 = 6Money doubles every 18 years Money doubles every 9 years Money doubles every 6 years
Age 4% Age 8% Age 12%
29
6547
29 29
4747
65
65
38
565359
3541
Php 100,000Php 200,000Php 400,000Php 800,000
Php 1,600,000Php 3,200,000Php 6,400,000
Php 100,000Php 200,000Php 400,000Php 800,000
Php 1,600,000
Php 100,000Php 200,000Php 400,000
4X
16X
Dividing the number 72 by the interest rate of your savings or investmentswill give the estimated number of years it will take for your money to double
Simple lang pala ang magpalago ng pera!!!
BUILDING A SOLID FINANCIAL FOUNDATION Like building a house, you must build it from the
ground up.
HEALTHCARE SHORT TERM & LONG TERM CARE
PROTECTIONLIFE INSURANCE
ELIMINATE DEBTS
EMERGENCY FUNDS
INVESTMENTS
INCREASE CASHFLOW
BUILD IT RIGHT, BUILD IT STRONG.
1. Earn additional income 2. Manage expenses
What is your SAVING Formula?INCOME- EXPENSES= SAVINGS
100% - 110% = - 10%
PROSPERITY FORMULAINCOME- TITHES = EXPENSES
100%- 10% = 70%- SAVINGS
POVERTY IS NOT LACK OF MONEY; POVERTY IS MISMANAGED MONEY
- 20%
PAY YOURSELF FIRST!!!
It is not what you earn, it’s what you keep.
The Four Obstacles to Building Wealth
1. PROCRASTINATION2. Spending Habits
3. Inflation4. Taxation