Financial Freedom

Presented by:Aadil Kadri

Certified Financial Planner

Presenter Contacts

Aadil KadriManager Advisory

Certified Financial Planner, FPSB – India , Continental Financial ServicesMobile          +971 50 5250261 Office / Fax  04 3353433 / 04 3352553            Email  :aadil.kadri@gmail.com / aadil@continental-intl.com To read my blog please click the below

link: http://aadilkadri.blogspot.com/  “Celebrating 15th year of successfully helping people realise their financial dreams”

Objectives

• Advantages / Disadvantages of Credit cards

• Awareness of Financial Planning

By the end of this session the participant will be aware

Vision

To make people well versed and well equipped with the importance of FINANCIAL PLANNING.

Mission

To offer my time, money and energy for the betterment of People.

To help people plan for the expected and unexpected moments of Life.

To continuously contribute to the society and follow values of integrity, honesty and humility.

Purpose of Coming to UAE

What is required to save money“Financial Planning”

Otherwise……..our money……!!!

How we can AIM FINANCIAL FREEDOM

Debt Management – Control on Income v/s Expenses

Financial Planning

Record Keeping

Procrastination

Debt Management – Control on Income V/s Expenses

• Budgeting

• Cutting Expenses

• Ways to Get in the Debt

• Issues while in Debt

• Steps to come out of Debt

Ways to get in Debt

Personal Loans

Credit Cards

Living beyond means

Flashy Lifestyle

Ways to get in Debt

Issues when in Debt

Health Issues

Family Issues

Legal Issues

Loss, Peace of

Mind

Financial Issues

7 steps to come out of Credit Card Debt

• Acceptance

• Snowball effect

• Increase your Income

• Loan from your Fixed Deposits

• Personal Loan to Pay off your credit card debts

• Talk to the bank

• Get Professional help

Financial Planning

What is Financial Planning?

Why you need Financial Planning ?

Who needs Financial Planning?

How to do Financial Planning?

Basically to “SAVE”

S = SystematicA = Accumulation (of your)V = Valuable E = Earnings

Why we need Financial Planning?

What is L I F E???

L = Beginning of your Life?? ???????? What lies in between ????

………??E = End of your Life

INSURANCE

Life Insurance Health Insurance

Accident Insurance Critical Illness Insurance

Planning of Unexpected / Emergencies

Planning of Financial Goals / Milestone

Family Goals / Milestone

Education Planning Retirement Planning

Dreams / Aspirations Buying House

Different Life Stages of Financial Planning

Birth and Education

0 25 60Earning Life 75 +Retired Life

Marriage

Kid 1

Kid 1’s College

Kid 1’s Marriage

Kid 2

Kid 2’s College

Kid 2’s Marriage

Retirement

Age

Inco

me Do you want to

compromise on your living

standard after your

retirement ????

Emergencies????

Car

House

Savings / Investing

Concepts that helps to achieve Financial Planning

• Save and Spend

• Formula for Savings :

• Who is Rich ???

• Pay Yourself first

• Tin Can Concept

• Power of Compounding

• Pyramid of Life

SpendSpendSpendSpendSpendSpendSpendSpendSpend

SaveSpendSpendSpendSpendSpendSpendSpendSpendSpendSpend

Concepts that helps to achieve Financial Planning

Category 1 Category 2

Income – Expense = Savings

Income – Savings = Expense

Formula for saving

Formula for saving in new age

Save??

AED 50,000 Savings

20 yrs35 yrs 55 yrs

Savings termAED 20,000 Income

Client A

Who is Richer ?????

AED 200,000 Savings

20 yrs35 yrs 55 yrs

Savings termAED 5,000 Income

Client B

20 yrs35 yrs 55 yrs

Savings termAED 20,000 Income

Client A

20 yrs35 yrs 55 yrs

Savings termAED 5,000 Income

Client B

Pay Yourself First

10% GROCERY

(3-4)days

20%SCHOOL

(5 – 6) days

30%RENT

(9 – 10) days

10% BILLS

(3-4)days

10% MISC

(3-4)days

10% DEBT

(3-4)days

10% BALANCE

(3-4)days

100% - Income for 30 days

Tin Can Concept

2%

A

3%

B

5%

C

Power of Compounding

• Option 1 : Gets AED 100000 for next 31 days

• Option 2 : Gets 1 fils per day doubling every day for next 31 days.

AED 2.14 billion : Power of Compounding !!!!!!

AED 2,14,74,834

Pyramids of Life

3%

13%

21%

Financially Independent

Still working to make ends meet

Dead

Financially dependant on charity or relatives .

Survey shows out of 100 people who reach to age 65 years

64%

Financial Record Keeping

Try Solving some 2:00 AM - NIGHTMARE Questions in YES / NO

Have I informed my spouse about all my assets and liabilities ?

Have I informed my spouse about the loans taken & loans given ?

Does my spouse knows where ALL our original documents are kept ?

Does my spouse knows who to contact in case of emergency ? Are we prepared for an unforeseen circumstances ?

Does my spouse knows whom to contact in emergency ?

Procrastination

I will explain this to you all TOMORROW ……

Tomorrow that never comes ……. So…..

DO IT NOW

So what’s your KEY to success?

“ AIM Financial Freedom ”

• Start savings Early

• Save / Invest Regularly

• Save/ Invest – Medium to Long Term Plan

Questions and Answers

Thank You

Presenter Contacts

Aadil KadriManager Advisory

Certified Financial Planner, FPSB – India , Continental Financial ServicesMobile          +971 50 5250261 Office / Fax  04 3353433 / 04 3352553            Email  :aadil.kadri@gmail.com / aadil@continental-intl.com To read my blog please click the below

link: http://aadilkadri.blogspot.com/  “Celebrating 15th year of successfully helping people realise their financial dreams”