Intro to personal_finance_wealth
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Transcript of Intro to personal_finance_wealth
www.finerva.com | [email protected] | +91-9787-11-11-66
Today’s Agenda
• Introductions• Personal Finance Concepts
& application• Financial Markets• Insurance Concepts and
Selling• Goal Based Performance• Discussions
www.finerva.com | [email protected] | +91-9787-11-11-66
Assets Defined
Asset is one which
generates a positive cash
flow
www.finerva.com | [email protected] | +91-9787-11-11-66
Am I Wealthy?
• Imagine a few Wealthy People
• What do you see?
www.finerva.com | [email protected] | +91-9787-11-11-66
Definition of Wealth
–Wealth is not defined by the amount of money.
www.finerva.com | [email protected] | +91-9787-11-11-66
Definition of Wealth
–Wealth is defined by how long you can continue living the same lifestyle if you stop working today.
www.finerva.com | [email protected] | +91-9787-11-11-66
Your wealth is therefore defined by three things
• Your monthly expenses,
• Your liquid assets and
• Your passive income.
www.finerva.com | [email protected] | +91-9787-11-11-66
INCOME
•Reduce Expenses
•Reduce Liabilities•Invest in Assets
•Re Invest in Assets
www.finerva.com | [email protected] | +91-9787-11-11-66
