Financial planning : Do it Yourself

Ankit Mathur
Ankit MathurSoftware Engineer à Ready Bytes Software Labs Pvt. Ltd.
Powered By: Ready Bytes Software Labs Pvt. Ltd. (INDIA)

Planning

Financial
Do It Yourself…

PHASE - 1 of 2
BIO
Ankit Mathur
(Software Engineer
at
Ready Bytes Software Labs Pvt. Ltd.)

In for you at:

Financial Planning
DISCLAIMER
With the prior permission of the author Mr. Manish Chauhan,
contents of his book “How To Be Your Own Financial Planner
in 10 Steps” are included / used / referenced in this presentation.
So, this presentation doesn’t violate rules of Copyrights Act as
mentioned in the book by the author himself.
Also, by any means this presentation isn’t meant to harm anyone’s
sentiments, financial policies or any other term/field of
financial sector. Unconditional apologies.
Financial Planning
Sorry, but initially i want you to

think a little…..
Things will be easier later on,

Financial Planning
Extreme Concentration NEEDED,
For Next

3

Points

Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
1.

It is a

TOUGH TASK

2. Difficult to Understand
3. NEVER Do It SELF
Financial Planning
Financial Planning
If you take Financial Planning as:
• Centralized with money,
• Practical Decision System,
• Emotionless Decision Making Power and,
• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,
• Practical Decision System,
• Emotionless Decision Making Power and,
• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,
• Practical Decision System,
• Emotionless Decision Making Power and,
• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,
• Practical Decision System,
• Emotionless Decision Making Power and,
• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,
• Practical Decision System,
• Emotionless Decision Making Power and,
• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,
• Practical Decision System,
• Emotionless Decision Making Power and,
• Quick Money Making System
Financial Planning
If you take Financial Planning as:
• Centralized with money,
EXCEPT THIS
• Practical Decision System,
• Emotionless Decision Making Power and,
• Quick Money Making System
Financial Planning
Chapter – 1 of 5

Ease Yourself
Let’s Build a Thought Process Now…

Financial Planning
Few Terms First….. (Slide 1/2)
 Surrender Value (term 1/3): It is the worth of Life Insurance Policy
at a given point of time. It is the amount you get
when you surrender the policy before maturity.
 Paid up Policy (term 2/3): It means you to not fill premiums any more.
If you don’t want to surrender policy and also don’t want
to give premiums, then make it a paid up policy. It can
be done only if you filled some previous premiums.

Financial Planning
Few Terms First….. (Slide 2/2)
 Bonus (term 3/3): Many traditional policies announce yearly bonus
which keeps on accumulating and given to you at the
end of maturity.

Financial Planning
Optimizing LIPs (Life Insurance Policies)
 Preliminary Thought

Don’t fool others by saying:
 i don’t take Life policies for investments
 it’s ONLY becoz I want my family security

Financial Planning
Optimizing LIPs (Life Insurance Policies)
 Preliminary Thought

Don’t fool others by saying:
 i don’t take Life policies for investments
 it’s ONLY becoz I want my family security

Financial Planning
Optimizing LIPs (Life Insurance Policies)
 Preliminary Thought

Don’t fool others by saying:
 i don’t take Life policies for investments
 it’s ONLY becoz I want my family security

Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies

ADVANTAGES YOU ASK ?
• Manage less no. Of policies
• Keep less documents
• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)
….. Your family should not face hardships in claiming
from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies

ADVANTAGES YOU ASK ?
• Manage less no. Of policies
• Keep less documents
• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)
….. Your family should not face hardships in claiming
from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies

ADVANTAGES YOU ASK ?
• Manage less no. Of policies
• Keep less documents
• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)
….. Your family should not face hardships in claiming
from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies

ADVANTAGES YOU ASK ?
• Manage less no. Of policies
• Keep less documents
• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)
….. Your family should not face hardships in claiming
from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies

ADVANTAGES YOU ASK ?
• Manage less no. Of policies
• Keep less documents
• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (this is not advantage)
….. Your family should not face hardships in claiming
from all those many policies…..
Financial Planning
Optimizing LIPs (Life Insurance Policies)
1. Don’t go for many no. of Life Insurance Policies

ADVANTAGES YOU ASK ?
• Manage less no. Of policies
• Keep less documents
• BIGGEST ADVANTAGE COMES NOW:
o If death kisses you someday (which is not an advantage)
….. Your family should not face hardships in claiming
from all those many policies…..
Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
 1-2 Life Insurance Policies equivalent to 10-20
 Focus on life cover amount, not on number of policies

Clean Life Insurance Portfolio
 Stop low maturity value policies
 Stop filling premiums for them
 Trust me, its not a loss
 It’s a step towards profit in Life cover

Take term plans and LIP. THAT’S IT.
 Divide the premium for term and LIP
 Trust me, its not a loss
 It’s a step towards profit

Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover
• Start a new one with high cover value
• REMEMBER: Don’t bother much for biggest cover
•REMEMBER: Amount 10,00,000 = 15,00,000
•REMEMBER: Amount 20,00,000 = 25,00,000
• One High Life Cover = Lots of Small-Small Covers
• An example may lengthen the topic, Let me know if you want one…..

Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover
• Start a new one with high cover value
• REMEMBER: Don’t bother much for biggest cover
•REMEMBER: Amount 10,00,000 = 15,00,000
•REMEMBER: Amount 20,00,000 = 25,00,000
• One High Life Cover = Lots of Small-Small Covers
• An example may lengthen the topic, Let me know if you want one…..

Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover
• Start a new one with high cover value
• REMEMBER: Don’t bother much for biggest cover
•REMEMBER: Amount 10,00,000 = 15,00,000
•REMEMBER: Amount 20,00,000 = 25,00,000
• One High Life Cover = Lots of Small-Small Covers
• An example may lengthen the topic, Let me know if you want one…..

Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover
• Start a new one with high cover value
• REMEMBER: Don’t bother much for biggest cover
•REMEMBER: Amount 10,00,000 = 15,00,000
•REMEMBER: Amount 20,00,000 = 25,00,000
• One High Life Cover = Lots of Small-Small Covers
• An example may lengthen the topic, Let me know if you want one…..

Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover
• Start a new one with high cover value
• REMEMBER: Don’t bother much for biggest cover
•REMEMBER: Amount 10,00,000 = 15,00,000
•REMEMBER: Amount 20,00,000 = 25,00,000
• One High Life Cover = Lots of Small-Small Covers
• An example may lengthen the topic, Let me know if you want one…..

Financial Planning
Points to Ponder
• Surrender the policies which provide low life cover
• Start a new one with high cover value
• REMEMBER: Don’t bother much for biggest cover
•REMEMBER: Amount 10,00,000 = 15,00,000
•REMEMBER: Amount 20,00,000 = 25,00,000
• One High Life Cover = Lots of Small-Small Covers

Financial Planning
Repeat With Me…..

Dump The Small Policies
+
Take Term Insurance Plans
+
Use Fixed Deposits

Financial Planning
Repeat With Me…..

Dump The Small Policies
+
Take Term Insurance Plans
+
Use Fixed Deposits

Financial Planning
Repeat With Me…..

Dump The Small Policies
+
Take Term Insurance Plans
+
Use Fixed Deposits

Financial Planning
2
Quick Fires ?
Financial Planning
Life Insurance + Term Policy
(What’s the Big Deal?)

Financial Planning
Life Insurance + Term Policy
(What’s the Big Deal?)

Let’s bring an example here:

Financial Planning
Let’s say you have Rs. 40,000/yr to invest.

JUST Rs. 40,000 per year
• Don’t worry,
• It’s a normal, simple and low amount
• You can afford it easily
Financial Planning
Let’s say you have Rs. 40,000/yr to invest.

JUST Rs. 40,000 per year
• Don’t worry,
• It’s a normal, simple and low amount
• You can afford it easily
Financial Planning
Let’s say you have Rs. 40,000/yr to invest.

JUST Rs. 40,000 per year
• Don’t worry,
• It’s a normal, simple and low amount
• You can afford it easily
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Rs. 40,000 per year
• Rs. 5,000 per year
• Take a Life Insurance
• Expect cover near to Rs. 50 lakhs
• For lets say, 23 years? Ok.
• After 23 years?
• Rs. 50 lakhs
• If you die, your family is somewhat safe

• Rs. 35,000 per year
• Do fixed deposits
• Lets assume 8% PPF rate
• Lets say 23 years? Ok.
• With Compound Interest
• Near to Rs. 23 lakhs

TOTAL: Rs. 50 lakhs + Rs. 23 lakhs
Financial Planning
Much better 50+23

THAN JUST
50 of Life Insurance

Financial Planning
SUMMARY (Chapter - 1)







Minimize no. of Life Insurance Policies
Don’t treat life cover as Investment tool
Take Terms plans and Life Insurance
Divide appropriate premium b/w them
Also go for Fixed deposits
They are like savings

Financial Planning
Chapter - 2 of 5

investments
Never Ever Gives QUICK MONEY !

Financial Planning
DRAW Something your BEST
on next SHEET

Financial Planning
Financial Planning
Done?
Financial Planning
Done?
Now, Draw same beauty on this….. ->

Financial Planning
Financial Planning
WANT CLEANUP ?

Financial Planning
WANT CLEANUP ?
That’s my next point…..

Financial Planning
• Our Financial Life is like sheet of paper
• Every scribble OR Every dirt means…..

BAD DECISIONS !
Financial Planning
• Our Financial Life is like sheet of paper
• Every scribble OR Every dirt means…..

BAD DECISIONS !
Financial Planning
This Diwali,
Let’s clean few things here…..

Financial Planning
What is There to Clean ?
 Optimize Stocks
 Optimize Mutual Funds
 Optimize Bank Accounts

 Optimize ULIPs
 Optimize Credit Cards
 Optimize other investments

Financial Planning
What is There to Clean ?
 Optimize Stocks
 Optimize Mutual Funds
 Optimize Bank Accounts

 Optimize ULIPs
 Optimize Credit Cards
 Optimize other investments

Financial Planning
What is There to Clean ?
 Optimize Stocks
 Optimize Mutual Funds
 Optimize Bank Accounts

 Optimize ULIPs
 Optimize Credit Cards
 Optimize other investments

Financial Planning
What is There to Clean ?
 Optimize Stocks
 Optimize Mutual Funds
 Optimize Bank Accounts

 Optimize ULIPs
 Optimize Credit Cards
 Optimize other investments

Financial Planning
What is There to Clean ?
 Optimize Stocks
 Optimize Mutual Funds
 Optimize Bank Accounts

 Optimize ULIPs
 Optimize Credit Cards
 Optimize other investments

Financial Planning
What is There to Clean ?
 Optimize Stocks
 Optimize Mutual Funds
 Optimize Bank Accounts

 Optimize ULIPs
 Optimize Credit Cards
 Optimize other investments

Financial Planning
What is There to Clean ?
 Optimize Stocks
 Optimize Mutual Funds
 Optimize Bank Accounts

 Optimize ULIPs
 Optimize Credit Cards
 Optimize other investments

Financial Planning
OPTIMIZE STOCKS

Financial Planning
2 Categories for People in here:
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

1. Serious investors searching wealth
2. Investors searching QUICK GAINS

Optimize Credit Cards

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Serious investors searching wealth
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

 Not looking for quick gains
 Very clear about rules of stocks
 Deeply study tricks of this game
 Have deep vision on stocks
 Know exactly how to make money over long terms
 On right path
 They don’t need any cleanup here

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• 99% of stock population
• Looking quick money in weeks or months
• Sell shares ASAP see profit
• Look charts, stock prices, but FOCUS profits
• Buy on tips of friends or other means
• Subscribe SMSs, channels, etc.
• Want to label:

LUCK
As
TALENT

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds

• Brokers take advantage of such people

Optimize Bank Accounts

Optimize ULIPs

WHAT TO DO NOW ?

Optimize Credit Cards

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds

• Brokers take advantage of such people

Optimize Bank Accounts

Optimize ULIPs

WHAT TO DO NOW ?

Optimize Credit Cards

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

 Get rid of STOCKS asap
 Dying to play stocks?
 Invest in mutual funds

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

 Get rid of STOCKS asap
 Dying to play stocks?
 Invest in mutual funds

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

 Get rid of STOCKS asap
 Dying to play stocks?
 Invest in mutual funds

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

 Get rid of STOCKS asap
 Dying to play stocks?
 Invest in mutual funds

WHY GET RID ?

Optimize Credit Cards

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

 Get rid of STOCKS asap
 Dying to play stocks?
 Invest in mutual funds

What’s the Problem ?

Optimize Credit Cards

Optimize other investments

Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

 i don’t have any problem…..
 You have 2:
 Your money is locked in there
o Use it in other parts of life

Optimize Credit Cards

Optimize other investments

 You think a lot about those stocks
o It consumes you precious time
Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

 i don’t have any problem…..
 You have 2:
 Your money is locked in there
o Use it in other parts of life

Optimize Credit Cards

Optimize other investments

 You think a lot about those stocks
o It consumes you precious time
Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

 i don’t have any problem…..
 You have 2:
 Your money is locked in there
o Use it in other parts of life

Optimize Credit Cards

Optimize other investments

 You think a lot about those stocks
o It consumes you precious time
Financial Planning
Investors searching QUICK GAINS
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

 i don’t have any problem…..
 You have 2:
 Your money is locked in there
o Use it in other parts of life

Optimize Credit Cards

Optimize other investments

 You think a lot about those stocks
o It consumes you precious time
Financial Planning
2
Quick Fires ?
Financial Planning
OPTIMIZE MUTUAL FUNDS

Financial Planning
Optimize Stocks
Optimize Mutual Funds

a MYTH lives here also…..

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Financial Planning
Many Investors Feel That:
Optimize Stocks
Optimize Mutual Funds

• More mutual funds they invest in,
• The better it is…..

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What’s the TRUTH?
• Mutual funds aren’t like:
o Stamp collection, or
o Coin Collection
o More is not always better…..
Financial Planning
Many Investors Feel That:
Optimize Stocks
Optimize Mutual Funds

• More mutual funds they invest in,
• The better it is…..

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What’s the TRUTH?
• Mutual funds aren’t like:
o Stamp collection, or
o Coin Collection
o More is not always better…..
Financial Planning
Many Investors Feel That:
Optimize Stocks
Optimize Mutual Funds

• More mutual funds they invest in,
• The better it is…..

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What’s the TRUTH?
• Mutual funds aren’t like:
o Stamp collection, or
o Coin Collection
o More is not always better…..
Financial Planning
Many Investors Feel That:
Optimize Stocks
Optimize Mutual Funds

• More mutual funds they invest in,
• The better it is…..

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What’s the TRUTH?
• Mutual funds aren’t like:
o Stamp collection, or
o Coin Collection
o More is not always better…..
Financial Planning
Many Investors Feel That:
Optimize Stocks
Optimize Mutual Funds

• More mutual funds they invest in,
• The better it is…..

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What’s the TRUTH?
• Mutual funds aren’t like:
o Stamp collection, or
o Coin Collection
o More is not always better…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds

What Matters in Mutual Funds ?
• The allocation in different stocks
• Their quality

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Already invested in same kinds of stocks?

WHAT TO DO NOW ?

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds

What Matters in Mutual Funds ?
• The allocation in different stocks
• Their quality

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Already invested in same kinds of stocks?

WHAT TO DO NOW ?

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds

What Matters in Mutual Funds ?
• The allocation in different stocks
• Their quality

Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Already invested in same kinds of stocks?

WHAT TO DO NOW ?

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Just 2 steps for now:
• SHUT all the current Mutual Funds

Optimize ULIPs

AND
Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Just 2 steps for now:
• SHUT all the current Mutual Funds

Optimize ULIPs

AND
Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Just 2 steps for now:
• SHUT all the current Mutual Funds

Optimize ULIPs

Optimize Credit Cards

AND

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Just 2 steps for now:
• SHUT all the current Mutual Funds

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

AND
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Just 2 steps for now:
• SHUT all the current Mutual Funds

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

AND

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Restart

Optimize Credit Cards

Optimize other investments

Financial Planning
OPTIMIZE BANK ACCOUNTS

Financial Planning
Optimize Stocks

Again comes the COUNT…..

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds

• Lesser the bank accounts,

Optimize Bank Accounts

• Lesser the number of fixed deposits,
Optimize ULIPs

Optimize Credit Cards

• THE BETTER

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds

• Lesser the bank accounts,

Optimize Bank Accounts

• Lesser the number of fixed deposits,
Optimize ULIPs

Optimize Credit Cards

• THE BETTER

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds

• Lesser the bank accounts,

Optimize Bank Accounts

• Lesser the number of fixed deposits,
Optimize ULIPs

Optimize Credit Cards

• THE BETTER

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

WHY BETTER ?

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

HOW BETTER ?

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Not much problem unless you are dead,
o Afterwards, your family faces problems,
o Claim each bank account,
o Claim each fixed deposit,
o A lengthy process…..
• Each bank has different cheque-books
• Account Statements
• Different penalty charges
• And you keep track all of this…..
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• One Joint account
o For family

• One Personal Account
o For salary transfers from company

AND
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• One Joint account
o For family

• One Personal Account
o For salary transfers from company

AND
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• One Joint account
o For family

• One Personal Account
o For salary transfers from company

AND
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• One Joint account
o For family

• One Personal Account
o For salary transfers from company

AND
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• One Joint account
o For family

• One Personal Account
o For salary transfers from company

AND
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• One Joint account
o For family

• One Personal Account
o For salary transfers from company

AND

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

THAT’s ALL !
All your money can fit into this…..

Optimize Credit Cards

Optimize other investments

Financial Planning
OPTIMIZE ULIPs

Financial Planning
Optimize Stocks

WHAT ARE ULIPs?

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

ULIPs are Unit Linked Plans.

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks

WHAT ARE ULIPs?

Optimize Mutual Funds
Optimize Bank Accounts

ULIPs are Unit Linked Plans.
Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks

WHAT ARE ULIPs?

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

WHAT ?

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks

WHAT ARE ULIPs?

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

That’s It?

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.
• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage &
superb returns….. HOW?
• Because the investments are done in
STOCK MARKETS
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.
• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage &
superb returns….. HOW?
• Because the investments are done in
STOCK MARKETS
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.
• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage &
superb returns….. HOW?
• Because the investments are done in
STOCK MARKETS
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.
• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage &
superb returns….. HOW?
• Because the investments are done in
STOCK MARKETS
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT ARE ULIPs?
• ULIPs are Unit Linked Plans.
• They mix Life insurance, investments
and LINK with Stock Market.
• You get life insurance, tax advantage &
superb returns….. HOW?
• Because the investments are done in
STOCK MARKETS
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Like me,
• ULIPs are not suitable for common man.
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Like me,
• ULIPs are not suitable for common man.
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Like me,
• ULIPs are not suitable for common man.
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Like me,
• ULIPs are not suitable for common man.
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Like me,
• ULIPs are not suitable for common man.
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Like me,
• ULIPs are not suitable for common man.
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• Like me,
• ULIPs are not suitable for common man.
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs
Financial Planning
Optimize Stocks

WHAT ARE ULIPs?
In short,

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are not suitable for common man.
• Like me,
• ULIPs are for market and stock tycoons,
• Who can manipulate market very well…..
• LOST INTEREST IN ULIPs?
• Good ! Move to next topic
• SKIP these ULIPs

Still INTERESTED in ULIPs ?
Then let’s continue…..

Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs had some fine rules
• Buyers should have checked
• Sellers should have told customers
• Customers should have asked all things
• No one performed well and,
Customers got trapped
• Such customers could not afford ULIPs
Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs had some fine rules
• Buyers should have checked
• Sellers should have told customers
• Customers should have asked all things
• No one performed well and,
Customers got trapped
• Such customers could not afford ULIPs
Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs had some fine rules
• Buyers should have checked
• Sellers should have told customers
• Customers should have asked all things
• No one performed well and,
Customers got trapped
• Such customers could not afford ULIPs
Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs had some fine rules
• Buyers should have checked
• Sellers should have told customers
• Customers should have asked all things
• No one performed well and,
Customers got trapped
• Such customers could not afford ULIPs
Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs had some fine rules
• Buyers should have checked
• Sellers should have told customers
• Customers should have asked all things
• No one performed well and,
Customers got trapped
• Such customers could not afford ULIPs
Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs had some fine rules
• Buyers should have checked
• Sellers should have told customers
• Customers should have asked all things
• No one performed well and,
Customers got trapped
• Such customers could not afford ULIPs
Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Top Selling Points of ULIPs:
Selling Point – 1/3:
• Short Term Product
• Stop paying premium after 3 years
• Huge Charges in initial years
• People got shocked after many years

Optimize other investments

Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Top Selling Points of ULIPs:
Selling Point – 1/3:
• Short Term Product
• Stop paying premium after 3 years
• Huge Charges in initial years
• People got shocked after many years

Optimize other investments

Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Top Selling Points of ULIPs:
Selling Point – 1/3:
• Short Term Product
• Stop paying premium after 3 years
• Huge Charges in initial years
• People got shocked after many years

Optimize other investments

Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Top Selling Points of ULIPs:
Selling Point – 1/3:
• Short Term Product
• Stop paying premium after 3 years
• Huge Charges in initial years
• People got shocked after many years

Optimize other investments

Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Top Selling Points of ULIPs:
Selling Point -2/3:
• Additional benefit of Life Insurance
• It is FREE!
• Mortality charges are reduced each
year

Optimize other investments

Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Top Selling Points of ULIPs:
Selling Point -2/3:
• Additional benefit of Life Insurance
• It is FREE!
• Mortality charges are reduced each
year

Optimize other investments

Financial Planning
Years 2004-2007
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Top Selling Points of ULIPs:
Selling Point -2/3:
• Additional benefit of Life Insurance
• It is FREE!
• Mortality charges are reduced each
year

Optimize other investments

Financial Planning
Years 2004-2007
Optimize Stocks

Top Selling Points of ULIPs:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Selling Point -3/3:
• It will give EXCELLENT returns!
• Easy to switch b/w equity & debt funds
• Growth in money
• Anyone can do it
• The actual complexity cursed many
people.
Financial Planning
Years 2004-2007
Optimize Stocks

Top Selling Points of ULIPs:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Selling Point -3/3:
• It will give EXCELLENT returns!
• Easy to switch b/w equity & debt funds
• Growth in money
• Anyone can do it
• The actual complexity cursed many
people.
Financial Planning
Years 2004-2007
Optimize Stocks

Top Selling Points of ULIPs:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Selling Point -3/3:
• It will give EXCELLENT returns!
• Easy to switch b/w equity & debt funds
• Growth in money
• Anyone can do it
• The actual complexity cursed many
people.
Financial Planning
Years 2004-2007
Optimize Stocks

Top Selling Points of ULIPs:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Selling Point -3/3:
• It will give EXCELLENT returns!
• Easy to switch b/w equity & debt funds
• Growth in money
• Anyone can do it
• The actual complexity cursed many
people.
Financial Planning
Years 2004-2007
Optimize Stocks

Top Selling Points of ULIPs:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Selling Point -3/3:
• It will give EXCELLENT returns!
• Easy to switch b/w equity & debt funds
• Growth in money
• Anyone can do it
• The actual complexity cursed many
people.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

• ULIPs are long term financial products
• Investments are done in stocks
• Not suitable for those who:
 Don’t know various features
 And, switching options in ULIPs
 And, when to switch
• It is widely said:
• “Pay the premium and wait for years to perform”
• Its not like this,
• Various charges may bring down returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

How to Cleanup ULIPs ?
• Best way you ask?
• STOP THEM !
• Most policies return 100%
after 5th year.
• Completed 5 years?
• Take current worth and,
make suitable use
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

How to Cleanup ULIPs ?
• Best way you ask?
• STOP THEM !
• Most policies return 100%
after 5th year.
• Completed 5 years?
• Take current worth and,
make suitable use
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

How to Cleanup ULIPs ?
• Best way you ask?
• STOP THEM !
• Most policies return 100%
after 5th year.
• Completed 5 years?
• Take current worth and,
make suitable use
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

How to Cleanup ULIPs ?
• Best way you ask?
• STOP THEM !
• Most policies return 100%
after 5th year.
• Completed 5 years?
• Take current worth and,
make suitable use
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

How to Cleanup ULIPs ?
• Best way you ask?
• STOP THEM !
• Most policies return 100%
after 5th year.
• Completed 5 years?
• Take current worth and,
make suitable use
Financial Planning
OPTIMIZE CREDIT CARDS

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

CHARMING ?
Financial Planning
Optimize Stocks

Let’s Deal with CHARMS first…..

Optimize ULIPs

• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points

Optimize Credit Cards

•BEST CHARM IS:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize other investments

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks

Let’s Deal with CHARMS first…..

Optimize ULIPs

• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points

Optimize Credit Cards

•BEST CHARM IS:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize other investments

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks

Let’s Deal with CHARMS first…..

Optimize ULIPs

• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points

Optimize Credit Cards

•BEST CHARM IS:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize other investments

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks

Let’s Deal with CHARMS first…..

Optimize ULIPs

• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points

Optimize Credit Cards

•BEST CHARM IS:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize other investments

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks

Let’s Deal with CHARMS first…..

Optimize ULIPs

• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points

Optimize Credit Cards

•BEST CHARM IS:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize other investments

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks

Let’s Deal with CHARMS first…..

Optimize ULIPs

• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points

Optimize Credit Cards

•BEST CHARM IS:

Optimize Mutual Funds
Optimize Bank Accounts

Optimize other investments

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Let’s Deal with CHARMS first…..
• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points
• Always, pay back later
•BEST CHARM IS:

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Let’s Deal with CHARMS first…..
• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points
• Always, pay back later
•BEST CHARM :

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

Let’s Deal with CHARMS first…..
• Many people have lots of credit cards
• The higher the number, the higher is credit limit
• Different credit cards, various benefits
• Offers in terms of cash back
• Bonus Points
• Always, pay back later
•BEST CHARM :

DOUBLE EDGED SWORDS !!!
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Credit Cards You Ask ?

Bad Habit!

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Credit Cards You Ask ?

Bad Habit!

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• Spend on things you don’t really need
• Can let you into debt trap
• You overspend
• Don’t pay on time
• It takes lot of time to come out of debt
• Credit cards can create HAVOC!

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• Spend on things you don’t really need
• Can let you into debt trap
• You overspend
• Don’t pay on time
• It takes lot of time to come out of debt
• Credit cards can create HAVOC!

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• Spend on things you don’t really need
• Can let you into debt trap
• You overspend
• Don’t pay on time
• It takes lot of time to come out of debt
• Credit cards can create HAVOC!

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• Spend on things you don’t really need
• Can let you into debt trap
• You overspend
• Don’t pay on time
• It takes lot of time to come out of debt
• Credit cards can create HAVOC!

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• Spend on things you don’t really need
• Can let you into debt trap
• You overspend
• Don’t pay on time
• It takes lot of time to come out of debt
• Credit cards can create HAVOC!

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• Spend on things you don’t really need
• Can let you into debt trap
• You overspend
• Don’t pay on time
• It takes lot of time to come out of debt
• Credit cards can create HAVOC!

Optimize other investments

Financial Planning
Optimize Stocks

Myth of Minimum Payment

Optimize Mutual Funds

What most people understand it is:
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• A favor from Credit Card company
• Pay minimum balance per month
• And, keep increase the debt on credit card

Optimize other investments

Financial Planning
Optimize Stocks

Myth of Minimum Payment

Optimize Mutual Funds

What most people understand it is:
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• A favor from Credit Card company
• Pay minimum balance per month
• And, keep increase the debt on credit card

Optimize other investments

Financial Planning
Optimize Stocks

Myth of Minimum Payment

Optimize Mutual Funds

What most people understand it is:
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• A favor from Credit Card company
• Pay minimum balance per month
• And, keep increase the debt on credit card

Optimize other investments

Financial Planning
Optimize Stocks

Myth of Minimum Payment

Optimize Mutual Funds

What most people understand it is:
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• A favor from Credit Card company
• Pay minimum balance per month
• And, keep increase the debt on credit card

Optimize other investments

Financial Planning
Optimize Stocks

Myth of Minimum Payment

Optimize Mutual Funds

What most people understand it is:
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

• A favor from Credit Card company
• Pay minimum balance per month
• And, keep increase the debt on credit card

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Minimum Payment in Credit Cards
• Amount to pay on credit card bill
• It is to avoid penalty charges for
non-payment
• But, interest is charged on dues

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Minimum Payment in Credit Cards
• Amount to pay on credit card bill
• It is to avoid penalty charges for
non-payment
• But, interest is charged on dues

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Minimum Payment in Credit Cards
• Amount to pay on credit card bill
• It is to avoid penalty charges for
non-payment
• But, interest is charged on dues

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Minimum Payment in Credit Cards
• Amount to pay on credit card bill
• It is to avoid penalty charges for
non-payment
• But, interest is charged on dues

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

An Example ?
Okay.

Optimize Credit Cards

Optimize other investments

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Credit Card Bill:
Rs. 20,000
Minimum Payment: Rs. 1,000
We can do 3 things in this case…..

Optimize Credit Cards

Optimize other investments

Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
1. Make the full payment of Rs. 20,000
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

2. Don’t pay anything
• Penalty of Rs. 1,000 will be applied
• Added to your dues
• Interest will be charged on dues
3.

Make min. payment of Rs. 1,000
• No penalty will be charged
• But, interest is charged on debt
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

WHAT TO DO ?
• Keep very few credit cards
• Control the spending behavior
• Understand credit limits
• 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000
Or say,
• 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000
• Choice is yours, Always.
Financial Planning
3
Quick Fires ?
Financial Planning
OPTIMIZE OTHER INVESTMENTS

Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What can be in there?
• PPF, NSC, Post Office Products,
• Real Estate, Infrastructure bonds…..
CHECK:
 Why did you buy it ?
 Does it serve well ?
Reduce the no. accordingly…..
 Without compromising the returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What can be in there?
• PPF, NSC, Post Office Products,
• Real Estate, Infrastructure bonds…..
CHECK:
 Why did you buy it ?
 Does it serve well ?
Reduce the no. accordingly…..
 Without compromising the returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What can be in there?
• PPF, NSC, Post Office Products,
• Real Estate, Infrastructure bonds…..
CHECK:
 Why did you buy it ?
 Does it serve well ?
Reduce the no. accordingly…..
 Without compromising the returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What can be in there?
• PPF, NSC, Post Office Products,
• Real Estate, Infrastructure bonds…..
CHECK:
 Why did you buy it ?
 Does it serve well ?
Reduce the no. accordingly…..
 Without compromising the returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What can be in there?
• PPF, NSC, Post Office Products,
• Real Estate, Infrastructure bonds…..
CHECK:
 Why did you buy it ?
 Does it serve well ?
Reduce the no. accordingly…..
 Without compromising the returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What can be in there?
• PPF, NSC, Post Office Products,
• Real Estate, Infrastructure bonds…..
CHECK:
 Why did you buy it ?
 Does it serve well ?
Reduce the no. accordingly…..
 Without compromising the returns
Financial Planning
Optimize Stocks
Optimize Mutual Funds
Optimize Bank Accounts

Optimize ULIPs

Optimize Credit Cards

Optimize other investments

What can be in there?
• PPF, NSC, Post Office Products,
• Real Estate, Infrastructure bonds…..
CHECK:
 Why did you buy it ?
 Does it serve well ?
Reduce the no. accordingly…..
 Without compromising the returns
Financial Planning
Chapter – 3 of 5

Health Insurance
A Money Backup for Your Health Problems

Financial Planning
 It provides medical money
 You don’t need to break other investments
 Your bank balance remains safe

Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money
• Upto a limit only
• Like,
o Room charges
o Surgeon
o Oxygen
o Blood
o Operation Theatre

• Return a certain amount only
• Actual spent money doesn’t matter
• Like,
o Per day amount of
hospitalization
o Heart attack
o Kidney failure
o Bypass surgery, etc.

Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money
• Upto a limit only
• Like,
o Room charges
o Surgeon
o Oxygen
o Blood
o Operation Theatre

• Return a certain amount only
• Actual spent money doesn’t matter
• Like,
o Per day amount of
hospitalization
o Heart attack
o Kidney failure
o Bypass surgery, etc.

Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money
• Upto a limit only
• Like,
o Room charges
o Surgeon
o Oxygen
o Blood
o Operation Theatre

• Return a certain amount only
• Actual spent money doesn’t matter
• Like,
o Per day amount of
hospitalization
o Heart attack
o Kidney failure
o Bypass surgery, etc.

Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money
• Upto a limit only
• Like,
o Room charges
o Surgeon
o Oxygen
o Blood
o Operation Theatre

• Return a certain amount only
• Actual spent money doesn’t matter
• Like,
o Per day amount of
hospitalization
o Heart attack
o Kidney failure
o Bypass surgery, etc.

Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money
• Upto a limit only
• Like,
o Room charges
o Surgeon
o Oxygen
o Blood
o Operation Theatre

• Return a certain amount only
• Actual spent money doesn’t matter
• Like,
o Per day amount of
hospitalization
o Heart attack
o Kidney failure
o Bypass surgery, etc.

Financial Planning
Repayment Based Policies & Lump Sum Benefits
• Return the actual money
• Upto a limit only
• Like,
o Room charges
o Surgeon
o Oxygen
o Blood
o Operation Theatre

• Return a certain amount only
• Actual spent money doesn’t matter
• Like,
o Per day amount of
hospitalization
o Heart attack
o Kidney failure
o Bypass surgery, etc.

Financial Planning
Individual & Family Floaters
Features

Cover for Individual

Family Floater

Who’s Covered ?

Only the insured person

Self + Spouse + Kids

Eligibility Criteria

Age 18+ years

Primary insured should be
18+ years age

Insurance Cost

Greater than Family
Floater

Comparatively low

Financial Planning
Still, take a cover of your own.
“My Employer provides me health insurance.”

Feel the difference later.
Financial Planning
Still, take a cover of your own.
“My Employer provides me health insurance.”

Feel the difference later.
Financial Planning
Still, take a cover of your own.
“My Employer provides me health insurance.”

Feel the difference later.
Financial Planning
Chapter – 4 of 5

Emergency Funds
Wait! It’s an emergency…..

Financial Planning
Chapter – 4 of 5

Emergency Funds
Wait! It’s an emergency…..

Financial Planning
Chapter – 4 of 5

Emergency Funds
Wait! It’s an emergency…..

Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
What Kinda Emergencies ?
 Debt Crisis ? May be.
 Job Loss ? May be.
 Hair Loss? No.
 Someone close in emergency like, illness?
 Others…..
Financial Planning
Brush any suitable title here…..
• It’s good to keep aside money for such emergencies.
• Peace of mind you get.
• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?
o How fast can we access it ?
Financial Planning
Brush any suitable title here…..
• It’s good to keep aside money for such emergencies.
• Peace of mind you get.
• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?
o How fast can we access it ?
Financial Planning
Brush any suitable title here…..
• It’s good to keep aside money for such emergencies.
• Peace of mind you get.
• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?
o How fast can we access it ?
Financial Planning
Brush any suitable title here…..
• It’s good to keep aside money for such emergencies.
• Peace of mind you get.
• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?
o How fast can we access it ?
Financial Planning
Brush any suitable title here…..
• It’s good to keep aside money for such emergencies.
• Peace of mind you get.
• Two questions can be asked to ourselves:
o How much to keep safe for such situations ?
o How fast can we access it ?
Financial Planning
Where to Invest ?
• Savings bank account
• Liquid Funds
• Fixed deposits
• Credit Cards (Not recommended at all)
 Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account
• Liquid Funds
• Fixed deposits
• Credit Cards (Not recommended at all)
 Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account
• Liquid Funds
• Fixed deposits
• Credit Cards (Not recommended at all)
 Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account
• Liquid Funds
• Fixed deposits
• Credit Cards (Not recommended at all)
 Unless the situation is of DO or DIE
Financial Planning
Where to Invest ?
• Savings bank account
• Liquid Funds
• Fixed deposits
• Credit Cards (Not recommended at all)
 Unless the situation is of DO or DIE
Financial Planning
2
Quick Fires ?
Financial Planning
Chapter – 5 of 5

Goal Planning
It’s about fulfilling our Monetary Dreams

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Two Types of Goals Are Here
Short Term Goals
• Range between 0-5 years
• Includes Tasks Like,
 Buying a large LCD TV
 Higher Education
 Buying a car
 Attending a wedding in family

Long Term Goals
• Range beyond 5 years
• Includes Tasks Like,
 Buying a new Home
 World Tours
 Becoming entrepreneur
 Education of children

Financial Planning
Steps Solve the Task
Calculate future value
of the financial goals

Find, how much to invest
per month/year to achieve
the future value

Where to invest ?

Financial Planning
Steps Solve the Task
1

Calculate future value
of the financial goals

Financial Planning
Steps Solve the Task
1

Calculate future value
of the financial goals

2

Find, how much to invest
per month/year to achieve
the future value

Financial Planning
Steps Solve the Task
1

Calculate future value
of the financial goals

2

Find, how much to invest
per month/year to achieve
the future value

3

Where to invest ?

Financial Planning
Where to Invest ?

Risk Avoiders

Risk Takers

Short Term Goal

Long Term Goal

• Debt Funds
• Corporate fixed deposits
• Recurring deposits
• Fixed deposits
• Fixed maturity plans

• Equity mutual funds
• Real estate
• Index funds
• Stocks
• Balanced Funds

• Fixed deposits
• Recurring deposits
• Saving bank account

• Balanced Funds
• Fixed deposits
• Gold
• Index funds
• PPF
Financial Planning
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
Financial planning : Do it Yourself
1 sur 332

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Financial planning : Do it Yourself

  • 1. Powered By: Ready Bytes Software Labs Pvt. Ltd. (INDIA) Planning Financial Do It Yourself… PHASE - 1 of 2
  • 2. BIO Ankit Mathur (Software Engineer at Ready Bytes Software Labs Pvt. Ltd.) In for you at: Financial Planning
  • 3. DISCLAIMER With the prior permission of the author Mr. Manish Chauhan, contents of his book “How To Be Your Own Financial Planner in 10 Steps” are included / used / referenced in this presentation. So, this presentation doesn’t violate rules of Copyrights Act as mentioned in the book by the author himself. Also, by any means this presentation isn’t meant to harm anyone’s sentiments, financial policies or any other term/field of financial sector. Unconditional apologies. Financial Planning
  • 4. Sorry, but initially i want you to think a little….. Things will be easier later on, Financial Planning
  • 5. Extreme Concentration NEEDED, For Next 3 Points Financial Planning
  • 6. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 7. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 8. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 9. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 10. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 11. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 12. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 13. 1. It is a TOUGH TASK 2. Difficult to Understand 3. NEVER Do It SELF Financial Planning
  • 15. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  • 16. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  • 17. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  • 18. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  • 19. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  • 20. If you take Financial Planning as: • Centralized with money, • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  • 21. If you take Financial Planning as: • Centralized with money, EXCEPT THIS • Practical Decision System, • Emotionless Decision Making Power and, • Quick Money Making System Financial Planning
  • 22. Chapter – 1 of 5 Ease Yourself Let’s Build a Thought Process Now… Financial Planning
  • 23. Few Terms First….. (Slide 1/2)  Surrender Value (term 1/3): It is the worth of Life Insurance Policy at a given point of time. It is the amount you get when you surrender the policy before maturity.  Paid up Policy (term 2/3): It means you to not fill premiums any more. If you don’t want to surrender policy and also don’t want to give premiums, then make it a paid up policy. It can be done only if you filled some previous premiums. Financial Planning
  • 24. Few Terms First….. (Slide 2/2)  Bonus (term 3/3): Many traditional policies announce yearly bonus which keeps on accumulating and given to you at the end of maturity. Financial Planning
  • 25. Optimizing LIPs (Life Insurance Policies)  Preliminary Thought Don’t fool others by saying:  i don’t take Life policies for investments  it’s ONLY becoz I want my family security Financial Planning
  • 26. Optimizing LIPs (Life Insurance Policies)  Preliminary Thought Don’t fool others by saying:  i don’t take Life policies for investments  it’s ONLY becoz I want my family security Financial Planning
  • 27. Optimizing LIPs (Life Insurance Policies)  Preliminary Thought Don’t fool others by saying:  i don’t take Life policies for investments  it’s ONLY becoz I want my family security Financial Planning
  • 28. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  • 29. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  • 30. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  • 31. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  • 32. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (this is not advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  • 33. Optimizing LIPs (Life Insurance Policies) 1. Don’t go for many no. of Life Insurance Policies ADVANTAGES YOU ASK ? • Manage less no. Of policies • Keep less documents • BIGGEST ADVANTAGE COMES NOW: o If death kisses you someday (which is not an advantage) ….. Your family should not face hardships in claiming from all those many policies….. Financial Planning
  • 34.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 35.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 36.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 37.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 38.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 39.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 40.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 41.  1-2 Life Insurance Policies equivalent to 10-20  Focus on life cover amount, not on number of policies Clean Life Insurance Portfolio  Stop low maturity value policies  Stop filling premiums for them  Trust me, its not a loss  It’s a step towards profit in Life cover Take term plans and LIP. THAT’S IT.  Divide the premium for term and LIP  Trust me, its not a loss  It’s a step towards profit Financial Planning
  • 42. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  • 43. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  • 44. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  • 45. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  • 46. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers • An example may lengthen the topic, Let me know if you want one….. Financial Planning
  • 47. Points to Ponder • Surrender the policies which provide low life cover • Start a new one with high cover value • REMEMBER: Don’t bother much for biggest cover •REMEMBER: Amount 10,00,000 = 15,00,000 •REMEMBER: Amount 20,00,000 = 25,00,000 • One High Life Cover = Lots of Small-Small Covers Financial Planning
  • 48. Repeat With Me….. Dump The Small Policies + Take Term Insurance Plans + Use Fixed Deposits Financial Planning
  • 49. Repeat With Me….. Dump The Small Policies + Take Term Insurance Plans + Use Fixed Deposits Financial Planning
  • 50. Repeat With Me….. Dump The Small Policies + Take Term Insurance Plans + Use Fixed Deposits Financial Planning
  • 52. Life Insurance + Term Policy (What’s the Big Deal?) Financial Planning
  • 53. Life Insurance + Term Policy (What’s the Big Deal?) Let’s bring an example here: Financial Planning
  • 54. Let’s say you have Rs. 40,000/yr to invest. JUST Rs. 40,000 per year • Don’t worry, • It’s a normal, simple and low amount • You can afford it easily Financial Planning
  • 55. Let’s say you have Rs. 40,000/yr to invest. JUST Rs. 40,000 per year • Don’t worry, • It’s a normal, simple and low amount • You can afford it easily Financial Planning
  • 56. Let’s say you have Rs. 40,000/yr to invest. JUST Rs. 40,000 per year • Don’t worry, • It’s a normal, simple and low amount • You can afford it easily Financial Planning
  • 57. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 58. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 59. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 60. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 61. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 62. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 63. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 64. Rs. 40,000 per year • Rs. 5,000 per year • Take a Life Insurance • Expect cover near to Rs. 50 lakhs • For lets say, 23 years? Ok. • After 23 years? • Rs. 50 lakhs • If you die, your family is somewhat safe • Rs. 35,000 per year • Do fixed deposits • Lets assume 8% PPF rate • Lets say 23 years? Ok. • With Compound Interest • Near to Rs. 23 lakhs TOTAL: Rs. 50 lakhs + Rs. 23 lakhs Financial Planning
  • 65. Much better 50+23 THAN JUST 50 of Life Insurance Financial Planning
  • 66. SUMMARY (Chapter - 1)       Minimize no. of Life Insurance Policies Don’t treat life cover as Investment tool Take Terms plans and Life Insurance Divide appropriate premium b/w them Also go for Fixed deposits They are like savings Financial Planning
  • 67. Chapter - 2 of 5 investments Never Ever Gives QUICK MONEY ! Financial Planning
  • 68. DRAW Something your BEST on next SHEET Financial Planning
  • 71. Done? Now, Draw same beauty on this….. -> Financial Planning
  • 74. WANT CLEANUP ? That’s my next point….. Financial Planning
  • 75. • Our Financial Life is like sheet of paper • Every scribble OR Every dirt means….. BAD DECISIONS ! Financial Planning
  • 76. • Our Financial Life is like sheet of paper • Every scribble OR Every dirt means….. BAD DECISIONS ! Financial Planning
  • 77. This Diwali, Let’s clean few things here….. Financial Planning
  • 78. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  • 79. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  • 80. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  • 81. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  • 82. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  • 83. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  • 84. What is There to Clean ?  Optimize Stocks  Optimize Mutual Funds  Optimize Bank Accounts  Optimize ULIPs  Optimize Credit Cards  Optimize other investments Financial Planning
  • 86. 2 Categories for People in here: Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs 1. Serious investors searching wealth 2. Investors searching QUICK GAINS Optimize Credit Cards Optimize other investments Financial Planning
  • 87. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 88. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 89. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 90. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 91. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 92. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 93. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 94. Serious investors searching wealth Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards  Not looking for quick gains  Very clear about rules of stocks  Deeply study tricks of this game  Have deep vision on stocks  Know exactly how to make money over long terms  On right path  They don’t need any cleanup here Optimize other investments Financial Planning
  • 95. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 96. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 97. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 98. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 99. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 100. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 101. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 102. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • 99% of stock population • Looking quick money in weeks or months • Sell shares ASAP see profit • Look charts, stock prices, but FOCUS profits • Buy on tips of friends or other means • Subscribe SMSs, channels, etc. • Want to label: LUCK As TALENT Financial Planning
  • 103. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds • Brokers take advantage of such people Optimize Bank Accounts Optimize ULIPs WHAT TO DO NOW ? Optimize Credit Cards Optimize other investments Financial Planning
  • 104. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds • Brokers take advantage of such people Optimize Bank Accounts Optimize ULIPs WHAT TO DO NOW ? Optimize Credit Cards Optimize other investments Financial Planning
  • 105. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  • 106. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  • 107. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  • 108. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds WHY GET RID ? Optimize Credit Cards Optimize other investments Financial Planning
  • 109. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  Get rid of STOCKS asap  Dying to play stocks?  Invest in mutual funds What’s the Problem ? Optimize Credit Cards Optimize other investments Financial Planning
  • 110. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  • 111. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  • 112. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  • 113. Investors searching QUICK GAINS Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs  i don’t have any problem…..  You have 2:  Your money is locked in there o Use it in other parts of life Optimize Credit Cards Optimize other investments  You think a lot about those stocks o It consumes you precious time Financial Planning
  • 116. Optimize Stocks Optimize Mutual Funds a MYTH lives here also….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  • 117. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  • 118. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  • 119. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  • 120. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  • 121. Many Investors Feel That: Optimize Stocks Optimize Mutual Funds • More mutual funds they invest in, • The better it is….. Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What’s the TRUTH? • Mutual funds aren’t like: o Stamp collection, or o Coin Collection o More is not always better….. Financial Planning
  • 122. Optimize Stocks Optimize Mutual Funds What Matters in Mutual Funds ? • The allocation in different stocks • Their quality Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Already invested in same kinds of stocks? WHAT TO DO NOW ? Optimize other investments Financial Planning
  • 123. Optimize Stocks Optimize Mutual Funds What Matters in Mutual Funds ? • The allocation in different stocks • Their quality Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Already invested in same kinds of stocks? WHAT TO DO NOW ? Optimize other investments Financial Planning
  • 124. Optimize Stocks Optimize Mutual Funds What Matters in Mutual Funds ? • The allocation in different stocks • Their quality Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Already invested in same kinds of stocks? WHAT TO DO NOW ? Optimize other investments Financial Planning
  • 125. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs AND Optimize Credit Cards Optimize other investments Financial Planning
  • 126. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs AND Optimize Credit Cards Optimize other investments Financial Planning
  • 127. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs Optimize Credit Cards AND Optimize other investments Financial Planning
  • 128. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs Optimize Credit Cards Optimize other investments AND Financial Planning
  • 129. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Just 2 steps for now: • SHUT all the current Mutual Funds Optimize ULIPs Optimize Credit Cards Optimize other investments AND Financial Planning
  • 130. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Restart Optimize Credit Cards Optimize other investments Financial Planning
  • 132. Optimize Stocks Again comes the COUNT….. Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  • 133. Optimize Stocks Optimize Mutual Funds • Lesser the bank accounts, Optimize Bank Accounts • Lesser the number of fixed deposits, Optimize ULIPs Optimize Credit Cards • THE BETTER Optimize other investments Financial Planning
  • 134. Optimize Stocks Optimize Mutual Funds • Lesser the bank accounts, Optimize Bank Accounts • Lesser the number of fixed deposits, Optimize ULIPs Optimize Credit Cards • THE BETTER Optimize other investments Financial Planning
  • 135. Optimize Stocks Optimize Mutual Funds • Lesser the bank accounts, Optimize Bank Accounts • Lesser the number of fixed deposits, Optimize ULIPs Optimize Credit Cards • THE BETTER Optimize other investments Financial Planning
  • 136. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs WHY BETTER ? Optimize Credit Cards Optimize other investments Financial Planning
  • 137. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs HOW BETTER ? Optimize Credit Cards Optimize other investments Financial Planning
  • 138. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 139. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 140. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 141. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 142. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 143. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 144. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 145. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 146. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Not much problem unless you are dead, o Afterwards, your family faces problems, o Claim each bank account, o Claim each fixed deposit, o A lengthy process….. • Each bank has different cheque-books • Account Statements • Different penalty charges • And you keep track all of this….. Financial Planning
  • 147. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  • 148. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  • 149. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  • 150. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  • 151. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  • 152. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • One Joint account o For family • One Personal Account o For salary transfers from company AND Financial Planning
  • 153. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs THAT’s ALL ! All your money can fit into this….. Optimize Credit Cards Optimize other investments Financial Planning
  • 155. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs ULIPs are Unit Linked Plans. Optimize Credit Cards Optimize other investments Financial Planning
  • 156. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts ULIPs are Unit Linked Plans. Optimize ULIPs Optimize Credit Cards Optimize other investments Financial Planning
  • 157. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs WHAT ? Optimize Credit Cards Optimize other investments Financial Planning
  • 158. Optimize Stocks WHAT ARE ULIPs? Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs That’s It? Optimize Credit Cards Optimize other investments Financial Planning
  • 159. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  • 160. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  • 161. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  • 162. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  • 163. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT ARE ULIPs? • ULIPs are Unit Linked Plans. • They mix Life insurance, investments and LINK with Stock Market. • You get life insurance, tax advantage & superb returns….. HOW? • Because the investments are done in STOCK MARKETS Financial Planning
  • 164. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  • 165. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  • 166. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  • 167. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  • 168. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  • 169. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  • 170. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • Like me, • ULIPs are not suitable for common man. • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Financial Planning
  • 171. Optimize Stocks WHAT ARE ULIPs? In short, Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are not suitable for common man. • Like me, • ULIPs are for market and stock tycoons, • Who can manipulate market very well….. • LOST INTEREST IN ULIPs? • Good ! Move to next topic • SKIP these ULIPs Still INTERESTED in ULIPs ? Then let’s continue….. Financial Planning
  • 172. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  • 173. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  • 174. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  • 175. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  • 176. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  • 177. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs had some fine rules • Buyers should have checked • Sellers should have told customers • Customers should have asked all things • No one performed well and, Customers got trapped • Such customers could not afford ULIPs Financial Planning
  • 178. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  • 179. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  • 180. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  • 181. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point – 1/3: • Short Term Product • Stop paying premium after 3 years • Huge Charges in initial years • People got shocked after many years Optimize other investments Financial Planning
  • 182. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point -2/3: • Additional benefit of Life Insurance • It is FREE! • Mortality charges are reduced each year Optimize other investments Financial Planning
  • 183. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point -2/3: • Additional benefit of Life Insurance • It is FREE! • Mortality charges are reduced each year Optimize other investments Financial Planning
  • 184. Years 2004-2007 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Top Selling Points of ULIPs: Selling Point -2/3: • Additional benefit of Life Insurance • It is FREE! • Mortality charges are reduced each year Optimize other investments Financial Planning
  • 185. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  • 186. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  • 187. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  • 188. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  • 189. Years 2004-2007 Optimize Stocks Top Selling Points of ULIPs: Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Selling Point -3/3: • It will give EXCELLENT returns! • Easy to switch b/w equity & debt funds • Growth in money • Anyone can do it • The actual complexity cursed many people. Financial Planning
  • 190. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 191. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 192. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 193. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 194. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 195. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 196. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 197. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 198. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 199. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments • ULIPs are long term financial products • Investments are done in stocks • Not suitable for those who:  Don’t know various features  And, switching options in ULIPs  And, when to switch • It is widely said: • “Pay the premium and wait for years to perform” • Its not like this, • Various charges may bring down returns Financial Planning
  • 200. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  • 201. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  • 202. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  • 203. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  • 204. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments How to Cleanup ULIPs ? • Best way you ask? • STOP THEM ! • Most policies return 100% after 5th year. • Completed 5 years? • Take current worth and, make suitable use Financial Planning
  • 206. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments CHARMING ? Financial Planning
  • 207. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  • 208. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  • 209. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  • 210. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  • 211. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  • 212. Optimize Stocks Let’s Deal with CHARMS first….. Optimize ULIPs • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points Optimize Credit Cards •BEST CHARM IS: Optimize Mutual Funds Optimize Bank Accounts Optimize other investments DOUBLE EDGED SWORDS !!! Financial Planning
  • 213. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Let’s Deal with CHARMS first….. • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points • Always, pay back later •BEST CHARM IS: DOUBLE EDGED SWORDS !!! Financial Planning
  • 214. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Let’s Deal with CHARMS first….. • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points • Always, pay back later •BEST CHARM : DOUBLE EDGED SWORDS !!! Financial Planning
  • 215. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments Let’s Deal with CHARMS first….. • Many people have lots of credit cards • The higher the number, the higher is credit limit • Different credit cards, various benefits • Offers in terms of cash back • Bonus Points • Always, pay back later •BEST CHARM : DOUBLE EDGED SWORDS !!! Financial Planning
  • 216. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Credit Cards You Ask ? Bad Habit! Optimize Credit Cards Optimize other investments Financial Planning
  • 217. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Credit Cards You Ask ? Bad Habit! Optimize Credit Cards Optimize other investments Financial Planning
  • 218. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  • 219. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  • 220. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  • 221. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  • 222. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  • 223. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • Spend on things you don’t really need • Can let you into debt trap • You overspend • Don’t pay on time • It takes lot of time to come out of debt • Credit cards can create HAVOC! Optimize other investments Financial Planning
  • 224. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  • 225. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  • 226. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  • 227. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  • 228. Optimize Stocks Myth of Minimum Payment Optimize Mutual Funds What most people understand it is: Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards • A favor from Credit Card company • Pay minimum balance per month • And, keep increase the debt on credit card Optimize other investments Financial Planning
  • 229. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  • 230. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  • 231. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  • 232. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Minimum Payment in Credit Cards • Amount to pay on credit card bill • It is to avoid penalty charges for non-payment • But, interest is charged on dues Optimize other investments Financial Planning
  • 233. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs An Example ? Okay. Optimize Credit Cards Optimize other investments Financial Planning
  • 234. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Credit Card Bill: Rs. 20,000 Minimum Payment: Rs. 1,000 We can do 3 things in this case….. Optimize Credit Cards Optimize other investments Financial Planning
  • 235. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 236. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 237. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 238. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 239. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 240. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 241. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 242. 1. Make the full payment of Rs. 20,000 Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments 2. Don’t pay anything • Penalty of Rs. 1,000 will be applied • Added to your dues • Interest will be charged on dues 3. Make min. payment of Rs. 1,000 • No penalty will be charged • But, interest is charged on debt Financial Planning
  • 243. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 244. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 245. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 246. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 247. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 248. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 249. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 250. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 251. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments WHAT TO DO ? • Keep very few credit cards • Control the spending behavior • Understand credit limits • 6 cards Rs. 20,000 each = Limit of Rs. 1,20,000 Or say, • 2 cards Rs. 60,000 each = Limit of Rs. 1,20,000 • Choice is yours, Always. Financial Planning
  • 254. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  • 255. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  • 256. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  • 257. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  • 258. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  • 259. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  • 260. Optimize Stocks Optimize Mutual Funds Optimize Bank Accounts Optimize ULIPs Optimize Credit Cards Optimize other investments What can be in there? • PPF, NSC, Post Office Products, • Real Estate, Infrastructure bonds….. CHECK:  Why did you buy it ?  Does it serve well ? Reduce the no. accordingly…..  Without compromising the returns Financial Planning
  • 261. Chapter – 3 of 5 Health Insurance A Money Backup for Your Health Problems Financial Planning
  • 262.  It provides medical money  You don’t need to break other investments  Your bank balance remains safe Financial Planning
  • 263. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  • 264. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  • 265. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  • 266. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  • 267. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  • 268. Repayment Based Policies & Lump Sum Benefits • Return the actual money • Upto a limit only • Like, o Room charges o Surgeon o Oxygen o Blood o Operation Theatre • Return a certain amount only • Actual spent money doesn’t matter • Like, o Per day amount of hospitalization o Heart attack o Kidney failure o Bypass surgery, etc. Financial Planning
  • 269. Individual & Family Floaters Features Cover for Individual Family Floater Who’s Covered ? Only the insured person Self + Spouse + Kids Eligibility Criteria Age 18+ years Primary insured should be 18+ years age Insurance Cost Greater than Family Floater Comparatively low Financial Planning
  • 270. Still, take a cover of your own. “My Employer provides me health insurance.” Feel the difference later. Financial Planning
  • 271. Still, take a cover of your own. “My Employer provides me health insurance.” Feel the difference later. Financial Planning
  • 272. Still, take a cover of your own. “My Employer provides me health insurance.” Feel the difference later. Financial Planning
  • 273. Chapter – 4 of 5 Emergency Funds Wait! It’s an emergency….. Financial Planning
  • 274. Chapter – 4 of 5 Emergency Funds Wait! It’s an emergency….. Financial Planning
  • 275. Chapter – 4 of 5 Emergency Funds Wait! It’s an emergency….. Financial Planning
  • 276. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 277. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 278. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 279. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 280. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 281. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 282. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 283. What Kinda Emergencies ?  Debt Crisis ? May be.  Job Loss ? May be.  Hair Loss? No.  Someone close in emergency like, illness?  Others….. Financial Planning
  • 284. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  • 285. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  • 286. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  • 287. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  • 288. Brush any suitable title here….. • It’s good to keep aside money for such emergencies. • Peace of mind you get. • Two questions can be asked to ourselves: o How much to keep safe for such situations ? o How fast can we access it ? Financial Planning
  • 289. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  • 290. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  • 291. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  • 292. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  • 293. Where to Invest ? • Savings bank account • Liquid Funds • Fixed deposits • Credit Cards (Not recommended at all)  Unless the situation is of DO or DIE Financial Planning
  • 295. Chapter – 5 of 5 Goal Planning It’s about fulfilling our Monetary Dreams Financial Planning
  • 296. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 297. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 298. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 299. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 300. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 301. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 302. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 303. Two Types of Goals Are Here Short Term Goals • Range between 0-5 years • Includes Tasks Like,  Buying a large LCD TV  Higher Education  Buying a car  Attending a wedding in family Long Term Goals • Range beyond 5 years • Includes Tasks Like,  Buying a new Home  World Tours  Becoming entrepreneur  Education of children Financial Planning
  • 304. Steps Solve the Task Calculate future value of the financial goals Find, how much to invest per month/year to achieve the future value Where to invest ? Financial Planning
  • 305. Steps Solve the Task 1 Calculate future value of the financial goals Financial Planning
  • 306. Steps Solve the Task 1 Calculate future value of the financial goals 2 Find, how much to invest per month/year to achieve the future value Financial Planning
  • 307. Steps Solve the Task 1 Calculate future value of the financial goals 2 Find, how much to invest per month/year to achieve the future value 3 Where to invest ? Financial Planning
  • 308. Where to Invest ? Risk Avoiders Risk Takers Short Term Goal Long Term Goal • Debt Funds • Corporate fixed deposits • Recurring deposits • Fixed deposits • Fixed maturity plans • Equity mutual funds • Real estate • Index funds • Stocks • Balanced Funds • Fixed deposits • Recurring deposits • Saving bank account • Balanced Funds • Fixed deposits • Gold • Index funds • PPF Financial Planning