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Brief Intro about Financial Planning

Financial management is also known by other names like corporate finance, business finance, and managerial finance

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Brief Intro about Financial Planning

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  1. Financial Planning

  2. Financial Planning Dreaming about a career that gives you a secure job, fame, money, career growth and satisfaction? A career as a financial planner can be your ideal career option. As a financial planner you need to work with numbers and with people. A course in financial planning teaches you how to save, spend and invest intelligently.

  3. History of Financial Planning The financial service sector has come a long way since the last decade. Earlier there were distinct divisions within the industry such as banks, brokers, agents, mutual fund agents and so on. So an individual needed to go to the bank for taking loans, consult brokers for investments. Mutual funds were a completely different sector.

  4. History of Financial Planning This made people long for a holistic approach towards financial planning. There was need for planning for children's education, retirement, emergencies etc. Thus, financial planning, a relatively young profession, emerged.

  5. History of Financial Planning Professional financial planning takes a holistic approach towards managing an individual's financial resources. Financial planners make recommendations for growing and preserving wealth, minimizing tax, retirement benefits, insurance, investment planning - and more, depending on the client's financial status.

  6. Specific • Measurable • Attainable • Relevant • Timely

  7. Budgeting 1. Paycheck 2. Rental income 3. Government benefits 4. Interest 5. Investment income INCOME

  8. Budgeting 1. Fixed expenses 2. Discretionary expenses EXPENSES SURPLUS/DEFICIT

  9. EmergencyFund

  10. Risk Management with Insurance • Health Insurance • Auto Insurance • Life Insurance • Property Insurance • Liability Insurance • Disability Insurance • Long-Term Care Insurance

  11. The Three C's of Credit • Capacity--Can you repay the credit you're granted? What's your income? • Character--Will you repay the credit you're granted? What's your previous track record? • Collateral--Is there tangible property that can secure the credit extended?

  12. Debt

  13. Investing • Growth • income • stability

  14. Saving for Retirement • Basic considerations • What kind of retirement do you • When do you want to retire • How long will retirement last? START PLANNING NOW

  15. Estate Planning • Planning for incapacity • Wills

  16. FINANCIAL PLANNING FOR BUSINESS

  17. financial plan • Start-up Costs • Cash Flow Projections • Preparing a Cash Flow Projection • Income Statements • Balance Sheets • Break-evenAnalysis

  18. Methods of Financing Your Business • Equity Financing • Partner Investment • Shareholder Investment • Employee Investment • Venture Capital • Debt Financing

  19. How To Approach Lenders • Does Your Business Really Need to Borrow Money? • How Much Does Your Business Need to Borrow? • How Fast Should You Repay Your Loans? • Understanding the Loan Approval Process

  20. What Lenders Are Looking For • Establishing a Positive Relationship With Your Lender

  21. Why Business Loans Sometimes Become Problem Loans

  22. Start PLANNING THANK YOU

  23. Click Here For Financial Management

  24. Thank You For More Information Visit Our Website …. www.dhanashriacademy.com

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