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A road map to financial success -- Sky is the limit

A road map to financial success -- Sky is the limit. Help clients take control of their finances. What is a financial plan. A typical family.

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A road map to financial success -- Sky is the limit

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  1. A road map to financial success -- Sky is the limit

  2. Help clients take control of their finances What is a financial plan

  3. A typical family Rajesh Arora and Sunita are the proud parents of two lovely girls; Shivani who is 6 years old and Madhu who is 4 years old. Rajesh is working in a multinational and Sunita is a home maker. Rajesh’s net income post tax is Rs. 75,000 per month. His expenses per month are Rs 30,000/. He also supports his parents with Rs 10,000 a month. His net assets total to 50 L including the house they are living in Liabilities Home loan = 25 L Car loan = 3 L

  4. Their goals are To provide a higher education for Shivani and Madhu. Initial expenses at the age of 18 for the two girls will be, Rs3 L , (current cost), and subsequently Rs. 2 l for the next two years, and Rs. 3.5 l  p.a. for the following 2 years. Marriage expenses of Rs. 15 l (current cost) for each child at their respective ages of 21 years. Retirement corpus at the age of 58 years to sustain 70% of pre-retirement household expenses till his lifetime and 50% till Sunita’s expected life. To build a separate fund for vacation expenses of Rs 2 l ( current cost) every year, 10 yrs so that the corpus built is self sustaining till the marriage of Madhu

  5. Wealth Goals Income/ expenses Net worth analysis Write a plan Monitor / Review • Financial Planner’s role Building a financial house

  6. The process Wealth Distribution Wealth accumulation Wealth protection

  7. Today’ s many choices • When there are no choices, there is no need to choose • When you don’t have to choose, there is no need to decide • When there is no need to decide, there is no need to get advise

  8. A likely question • Do I need a qualified financial planner ? • I already have an advisor • I give all money to my husband/ father • I have no investment surplus • I am very busy . Where do I find the time? • I believe investing in Real estate • I am a business man . Do I need advise You may contact us for the first free analysis of your financial health

  9. Many financial dreams are thwarted by not following the good intention of doing it. If you want to reap financial blessings ,you need to sow financially now Phase out money challenges by careful planning

  10. A Comprehensive financial plan

  11. S Soumya Ramalingam Certified Financial planner Mob: 98405 79659 www.ennsignn.org

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