Gal#4 week 6 ver final

28

Transcript of Gal#4 week 6 ver final

Page 1: Gal#4 week 6 ver final
Page 2: Gal#4 week 6 ver final

See if you can recognise them

Look Carefully at the following photographs

What do they have in

common?

Page 3: Gal#4 week 6 ver final

Petra (Raqmu), of Jordan – Rose city - 312 BC

Great Wall of China 7th Century BC

Christ the Redeemer

- Brazil - 1931Chichen Itza – Mexico - 750 and 900 AD

Machu Picchu – Peru - 1450

Page 4: Gal#4 week 6 ver final

Colosseum - Rome AD 72

Taj Mahal – Agra India - 1643

Page 5: Gal#4 week 6 ver final

What did they have in common?

• Any Guesses?• What could it be?

A. GoalsB. Exponential MathsC. Teams and Team workD. Places I have been

• Remember you answer

• Don’t Go Anywhere – all will be revealed

Page 6: Gal#4 week 6 ver final

Welcome to Week 7

Page 7: Gal#4 week 6 ver final

Check In

• Reflect on Week 6• Good, Bad, Ugly

• My 3 Top Priorities• Wheel of life Area 1

• What aspect was most difficult?

Page 8: Gal#4 week 6 ver final

Area 2–Family & Home

Home• Is this your place of choice?• Is home secure and safe?

Family • Is your family spending quality time

together?

Guidelines– Identify Goal– Link to your Philosophy– Benefits – The why?– Obstacles / Solutions– Resources Needed / Affirmations– Intermediate Objectives/ Solution

Tips• Family Vision Budget for family Financially astute• Give Attitude Embrace family Eat meals together• Review Page 142/ 143

Page 9: Gal#4 week 6 ver final

Area 3 – Social & Recreational

Friendships• What are you doing?• Are u a friend to others?• Recreation time• Renewing your energy• Recreation time

Guidelines– Identify Goal– Link to your

Philosophy– Benefits – The why?– Obstacles / Solutions– Resources Needed /

Affirmations– Intermediate

Objectives/ Solution

Tips• Be a friend, Host a meal or dinner• Provide support, Search for humour• Develop and exercise hobbies• Review Page 208/209

Day 29

Page 10: Gal#4 week 6 ver final

Day 30

Tips

Area 4 – Spiritual & Emotional

Spiritual Core• Your relationship with God• Religion or spirituality?Emotional • Where are you emotionally?

Guidelines– Identify Goal– Link to your

Philosophy– Benefits – The

why?– Obstacles / Solutions– Resources Needed /

Affirmations– Intermediate

Objectives/ Solution

• Your relationship with God• Love unconditionally• Lead by example• Give with a generous heart• Review Page 242/243

Page 11: Gal#4 week 6 ver final

Area 5 – Intellectual & Educational

Uncut Diamonds• We are worth much but must be shaped• Growth in 4 area

– My Inside – My outside (persona)– My interface with people– My link with work and life

• “What you can’t measure, you can’t manage”

Guidelines– Identify Goal– Link to your

Philosophy– Benefits – The why?– Obstacles / Solutions– Resources Needed /

Affirmations– Intermediate

Objectives/ Solution

Tips• Unlearn and Learn• Knowledge of self• Read to lead• Have an open mind• Circle of friends• Thirst for talent and skills • Review Page 276/ 277

Day 31

Page 12: Gal#4 week 6 ver final

Area 6 – Professional & Career

Career• Improve or change your career• Address

– Current Job– Career Development – Current Workplace

Guidelines– Identify Goal– Link to your

Philosophy– Benefits – The why?– Obstacles / Solutions– Resources Needed /

Affirmations– Intermediate

Objectives/ Solution

Tips• Find your destiny & purpose• Focus on Strengths• Develop a Network of

people • Create a profession for the

passion not just money• Invest in yourself• Work as a team• Review Page 310/ 311

Day 32

Page 13: Gal#4 week 6 ver final

Day 33

Area 7 – Financial & Wealth

Review Income Streams• Passive

– Property– Intellectual Property– Businesses – Investments

Guidelines– Identify Goal– Link to your Philosophy– Benefits – The why?– Obstacles / Solutions– Resources Needed /

Affirmations– Intermediate Objectives/

Solution

Tips• Monitor what you

spend• Purchase good assets• Get out of debt• Develop additional

revenue streams• Save earnings• Review Page 376/377

Page 14: Gal#4 week 6 ver final

Get a Budget - Day 34

Income vs Expenditure• Living within means• Getting out of debt• Measure what you spend (3 months)• As a family! “Suppose one of you wants to build a

tower. Will he not first sit down and estimate the cost to see if he has

enough money to complete it?” Luke 14:28 (NIV)

Page 15: Gal#4 week 6 ver final

Do you remember the question I asked

at the beginning?

Page 16: Gal#4 week 6 ver final

Look Carefully at the following photographs

What do they have in

common?

Page 17: Gal#4 week 6 ver final

Petra (Raqmu), of Jordan – Rose city - 312 BC

Great Wall of China 7th Century BC

Christ the Redeemer

- Brazil - 1931

Chichen Itza – Mexico - 750 and 900 AD

Machu Picchu – Peru - 1450

Page 18: Gal#4 week 6 ver final

Colosseum - Rome AD 72

Taj Mahal – Agra India - 1643

Page 19: Gal#4 week 6 ver final

Do you remember the question?

What did you vote for?Put up your hand if you voted for:

A.Goals B.Exponential MathsC.Teams and Team workD.Places I have been

Page 20: Gal#4 week 6 ver final

The answer is….

• These are the 7 wonders of the world• The 8th wonder is compound interest!

Albert Einstein famously stated: “Compound interest is the eighth

wonder of the world. He who understands it, earns it... he who

doesn’t... pays it.”

A. Exponential Maths

Page 21: Gal#4 week 6 ver final

The 8th Wonder of the world

- Impacts you when Saving- Impacts you when Buying long term

Page 22: Gal#4 week 6 ver final

Be inspired to Save

• How much money will you have if you invest R 100 now and leave it in the account for 10 years?

• Assumption, no bank fees • Growth Rate of 5%• What will this be in 10 year?

• R 619 • What happens to your money if you invest a further

R 100 per month for same 10 years?

• R 21 090

Page 23: Gal#4 week 6 ver final

Enjoy now pay later!• Small LED TV• R 2 808 End up paying R 3 600

– 18% PA– 36 Months – R 100 per month

• If Save R 100 pm x 36– 5% interest Rate P/A– Growth in payment 10% – In 36 months you would have …

R 4 350

R 750 R -3 600

Page 24: Gal#4 week 6 ver final

Be inspired to Save

• Julia X (Radio 702 Money Show)– 2006– Saved 30% of her money– Paid 30% tax– Lived off 30%– Growth Rate 12% per year– Contributions grow at 10% – R 4 005 745 – Doubles ever 5 years!!

Page 25: Gal#4 week 6 ver final

8th wonder of the worldYear Date Investment only Growth % Yearly Contribution

R 60 000 12% 10% Total1 2006 R 160 000

2 2007 R 179 200 R 19 200.00 R 100 000 R 279 200

3 2008 R 200 704 R 21 504.00 R 110 000 R 10 000 R 310 704

4 2009 R 224 788 R 24 084.48 R 121 000 R 11 000 R 345 788

5 2010 R 251 763 R 26 974.62 R 133 100 R 12 100 R 384 863 R 1 320 556

6 2011 R 281 975 R 30 211.57 R 146 410 R 13 310 R 428 385

7 2012 R 315 812 R 33 836.96 R 161 051 R 14 641 R 476 863

8 2013 R 353 709 R 37 897.40 R 177 156 R 16 105 R 530 865

9 2014 R 396 154 R 42 445.08 R 194 872 R 17 716 R 591 026

10 2015 R 443 693 R 47 538.49 R 214 359 R 19 487 R 658 051 R 4 005 745

11 2016 R 496 936 R 53 243.11 R 235 795 R 21 436 R 732 730

12 2017 R 556 568 R 59 632.29 R 259 374 R 23 579 R 815 942

13 2018 R 623 356 R 66 788.16 R 285 312 R 25 937 R 908 668

14 2019 R 698 159 R 74 802.74 R 313 843 R 28 531 R 1 012 002

15 2020 R 781 938 R 83 779.07 R 345 227 R 31 384 R 1 127 165 R 8 602 253

Page 26: Gal#4 week 6 ver final

Day 34 - Your Budget

“If you buy things you don’t need, you will soon sell things you need. Do not save what is left after spending, spend what’s

left after saving.”

Most successful investor of 20th Century 3rd wealthiest in 2011 – His house!

- Warren Buffet

Page 27: Gal#4 week 6 ver final

Next Weeks Journey

Days 35 - 40 BudgetBalance SheetArea 8 – Community and Culture Wheel of Life

1. Project Manage your life - get more done

2. Question 7 Legacy Management3. The first day in the rest of your life