A very simple introduction to personal finance and investing comparing investments in stocks or mutual funds. Presented at BarCamp Delhi on October 25th 2009.
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Personal Finance for Barcampers
1. PERSONAL FINANCE FOR
BARCAMPERS
BarCamp Delhi
October 25th, 2009
Monday 26 October 2009 1
2. MAKE IT AND BURN IT
• what is your monthly income?
• what are your fixed costs (e.g.
rent, car payment, mortgage, etc.)?
• what are your variable costs (e.g.
eating out, telecommunications,
etc.)?
• how much are you burning?
• how much is left over every
month?
Monday 26 October 2009 2
3. START NOW!!
• make a simple spreadsheet of
monthly expenses and track it
• no income or expense is too large
or small to track
• start by understanding where your
money is and where it is going
• take steps to pull out a certain
percentage of income every month
for investing - 1%, 5%, 10%, 20% -
whatever you can start with
Monday 26 October 2009 3
4. DON’T SAVE - INVEST
• savings accounts paying interest
• fixed deposits (certificates of deposit)
• pension plans
• government bonds (short-term and long-term)
• life insurance
• health insurance
• annuities
• stocks/shares and mutual funds
• commodities - gold/silver/platinum
• derivatives - options/futures
• currencies (FX/FOREX)
• real estate
Monday 26 October 2009 4
5. THE STOCK MARKET
• it’s liquid, real-estate isn’t
• much more transparent than
other investments
• your options:
• self invest by picking stocks
• go on auto-pilot by picking
mutual funds
Monday 26 October 2009 5
11. IMAGES
All CC licensed images or purchased stock photos
• money by Wen-Yan King - http://www.flickr.com/photos/medapt/
407745883/
• piggy bank by alancleaver_2000 - http://www.flickr.com/photos/
alancleaver/2638883650/sizes/m/
• start by zhurnaly - http://www.flickr.com/photos/zhurnaly/
196310475/sizes/m/
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12. pankaj jain <pjain@teknatus.com>
www.teknatus.com
Twitter: pjain
Blogs: blog.linosx.com / teknatus.com/blog / semblr.com/blog
This work is licensed under the Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc-sa/
3.0/us/ or send a letter to Creative Commons, 171 Second Street, Suite 300, San Francisco, California, 94105, USA.
Monday 26 October 2009 12