managing personal finance for teachers
TRANSCRIPT
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Managing Personal Finance for TeachersAKINWUNMI ADELANWA
PEDIGREE CONSULT
2 HRS
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Why Personal finance:
Because life is a game of economics
For adequate planning
Current economic reaiities and emerging trends
Because financial success is an ongoing affair
Because a change of mind set is required
Because these concepts are not taught in school but in real life and by experience
To hasten the growth curve
To start with the end in mind
To exit the rat race early
To become an astute player in the financial sphere
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Why teachers
Because theirs is a sacrificial job and it is assumed that they must be Spartans
The job description — a teacher is usually defined as someone who instructs but in most cases, this is not the only job done by a teacher he is to serve as a role model, mentor, traffic cop, surrogate parent, psychologist, strategic planner, records keeper, messenger, disciplinarian and coach.
Theirs is a tedious and oftentimes thankless job.
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Complementary famiiy iife and Lifetime Career Goals include :
Maximizing earnings and wealth Practicing efficient consumption Obtaining what you value (Home, career,
children's education, free time, social service) Financial Security Retire blissfully
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TO THIS END A PROFESSIONAL TEACH ERNEEDS AN ORIENTATION IN PERSONALFINANCE.
Pinancial Aptitude for wealth
“What you do with money once you make it, how you
keep others from taking it from you, how long you keep
it and how hard it works
for you.’’
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Personal finance course topics usually include:
The importance of Personal Finance Careers and other factors affecting Income Financial Planning Budgeting and Cash flow
Management Managing your cash and debit and credit cards Planned Borrowing Major Purchases - Automobiles The Housing Expenditure Income and Asset Protection
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Personal Finance topics also include
Risk Management and Property / Liability Insurance Health Care Planning Life Insurance Planning Investment Fundamentals and Portfolio Management Investing in Stock and Bonds Mutual Funds Buying and selling Securities Real Estate and Advanced Portfolio Management Retirement and pension funds administration Estate Planning
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Our own treatment usually includes:
Importance of personal finance Careers and other factors affecting income Basic real life economic principles Personal Banking Accounts Intro to Investment Fundamentals and portfolio mgt. Health and wellbeing Retirement plan and Pension Fund Administration Children and Family Equity / Debt / Growth Asset/ Liability classification . . . Further-Education Faith, Integrity, Equity and Professionalism
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LIFE IS A GAME OF ECONOMICSNOT OF NUMBERS OR RESOURCES, BUT LEVERAGING NJUMBERS AND RESOURCES TO CREATE VALUE AND SATISFACTION
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Economic Principles Insatiable needs Scarce Means Opportunity Cost Scale of preference The economic system Demand and supply Economies of scale Entry barriers to trade Specialization and division of labour Marginal returns Economic Cycles - Growth, inflation, depression. Marketing and the product mix Positioning and target marketing
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“An individual earnestly seeks and strives to attain, to maintain if attained, to preserve if threatened and to regain If lost a required level of comfort in living.”
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Steps at attaining financial freedom. The first step is accumulating six months living expenses in case you
are a salary earner as fixed savings not to be touched. -
The next step is increasing growth of income beyond growth of expenses
Then you plan investments that will dovetail into multiple streams of income.
Build a business model about what you do.
Develop a system that replicates growth of income without further outlays of cash
Manage your system
Retire early, monitoring your business system
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Thanks for listeningAKINWUNMI ADELANWA
PEDIGREE KONSULT
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Contact Details
For Online Seminars, Presentations and other Content Development
Market Research and Sales Representation
Phone / Text: +2348033770019
Email:[email protected] , [email protected]
Facebook / LinkedIn Profile: Akinwunmi Adelanwa
Address: 92 Iwaya Road, Onike, Yaba, Lagos, Nigeria, West Africa
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On-going Content DevelopmentScreencasts
Secondary School – best time of your life
Destined for success (High School Motivational)
Signposts to becoming parent of A grade Student
Signposts on road to successful life-long career
Fun, Rewards and future benefits of attending College the right way.
Demographics of the changing Lagos market
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Thanks for dropping a Line of Positive feedbackAKINWUNMI ADELANWA
PEDIGREE KONSULT