RevMC - Financial Literacy
description
Transcript of RevMC - Financial Literacy
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Why are you an OFW?
N E E D S
D R E A M S
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Common Money Mistakes Impulsive Spending
“Brand only” Mentality
Easily persuaded by Sales Strategies
Not Tracking Your Finances
Wants Become Needs
Credit Mismanagement
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Building A New Industry
Part 1Steps and Concepts to a
Solid Financial Foundation
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1. Increase Cashflow
6 Steps to Financial Security
Cashflow is the movement of money into or out of an account.
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How do we increase our Cash Inflow? Earn additional income passive Manage your expenses
o Prioritize your needs, lessen your wants
1. Increase Cashflow
6 Steps to Financial Security
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EXPENSES
I N C O M E
P O V E R T Y F O R M U L AINCOME – EXPENSES = SAVINGS
SAVINGSNEEDS WANTS DEBTS
I N C O M E
P R O S P E R I T Y F O R M U L AINCOME – TITHES – SAVINGS = EXPENSES
70% - EXPENSES10%TITHES
20%SAVINGS NEEDS WANTS DEBTS
Pay Yourself First
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Consolidate Debt
2. Manage Debt
Eliminate Bad Debt
Types of debt:• Bad Debt - cash flows out of your pocket
• Good Debt - cash flows into your pocket
6 Steps to Financial Security
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• To avoid debt traps, save 3-6 months of your monthly income for:
3. Create Emergency Fund
• Sudden/Frequent Medical Needs of family(visit to clinics)
• Loss of Income Source
6 Steps to Financial Security
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• You and your family should not struggle to survive in case of your:
4. Ensure Proper Protection
• Total / Permanent Disability• Sudden Death
• Coverage should include both Life & Family Assets
6 Steps to Financial Security
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Protection:
1. Get the maximum benefit* Healthcare* Insurance
* Short payment period* Short coverage period but with higher
returns
* Investment linkage (passive income)
2. Go for term insurance
6 Steps to Financial Security
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• Acquire ASSETS (cash inflow)
5. Build Long-Term Savings / Investments
• Mutual Funds
• Real Estate
• Avoid LIABILITIES (cash outflow)• No return of investment: Consumables, Gadgets,
Expensive furnitures
6 Steps to Financial Security
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What if… I die to soon?
Active IncomeYOU WORK hard for the money
Food Shelter Clothing
Education Healthcare Debts/Loans
OLDER
Retirement
STAGE 1
Passive IncomeMONEY WORKS for you
Who will take care of my family?What if… I live too long?
Who will take care of me?
Investment
Food
Shelter
Clothing
Healthcare
Debts/Loans
STAGE 2
YOUNGER
Protection
X – Curve Concept
Replacement
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72 ÷ 4 = 18 72 ÷ 8 = 9Money doubles every 18 years Money doubles every 9 years
Age 4% Age 8%
72 ÷ 12 = 6Money doubles every 6 years
Age 12%
29
47
65
38
56
Php 100,000Php 200,000Php 400,000Php 800,000
Php 1,600,000
29
47
65
5359
3541
Php 100,000Php 200,000Php 400,000Php 800,000
Php 1,600,000Php 3,200,000Php 6,400,000
29
6547
Php 100,000Php 200,000Php 400,000
16X
Dividing the number 72 by the interest rate of your savings or investmentswill give the estimated number of years it will take for your money to double
4X
The Rule Of 72
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Age Deposit / Withdrawal Amount
SimpleInterest
Interest Amount
Total Amount
29 100,000 4% 4,000 104,000
30 4% 4,000 108,000
31 -10,000 4% 3,600 111,600
Age Deposit / Withdrawal Amount
CompoundingInterest
Interest Amount
Total Amount
29 100,000 4% 4,000 104,000
30 4% 4,160 108,160
31 -10,000 4% 3,926 112,086
Interest Computation
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Wealth Calculator
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Wealth Calculator
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Age Increase Per Year Tuition Fee Remarks
7 100,000
8 10% 110,000
.
18 10% 285,311.67 1st year College
19 10% 313,842.84 2nd year
20 10% 345,227.12 3rd year
21 10% 379,749.83 4th year
22 10% 417,724.82 5th year
1,741,856.28 Total Tuition Fee
Choose the Top 3 Universities, & get the most expensive tuition fee
Projection of School Fees
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Time is more important, not Timing!
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http://en.wikipedia.org/wiki/Inflation
is a rise in the general level of prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services. Inflation reflects an erosion in the purchasing power of money.
I N F L A T I O N
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Projection of Expenses
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http://www.nscb.gov.ph/stats/http://www.nscb.gov.ph/secstat/d_price.asp [National Statistical Coordination Board]
Month 2013 2012 2011 2010 2009 2008 2007 2006
Average 3.0 3.1 4.8 3.8 3.2 9.3 2.8 6.2
2006 – 2013
Is an Investment Interest of 4% good enough?
No! As a 20% tax will still be deducted on earned interest.
Inflation Rate of the Philippines
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• Ensure that everything you’ve worked for in your entire life (assets / investments) will be turned over only to your beneficiaries
6. Preserve Your Estate
• Limit probate cost
• Every breadwinner/provider should have a will
• Spouse/immediate family should be co-owners of Assets / Investments
6 Steps to Financial Security
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SEC. 84 Rates of Estate Tax. - There shall be levied, assessed, collected and paid upon the transfer of the net estate as determined in accordance with Sections 85 and 86 of every decedent, whether resident or nonresident of the Philippines, a tax based on the value of such net estate, as computed in accordance with the following schedule: If the net estate is:
Over But Not Over The Tax shall be Plus Of the Excess Over
P 200,000 Exempt
P 200,000 550,000 0 5% P 200,000
500,000 2,000,000 P 15,000 8% 500,000
2,000,000 5,000,000 135,000 11% 2,000,000
5,000,000 10,000,000 465,000 15% 5,000,000
10,000,000 And Over 1,215,000 20% 10,000,000
www.bir.gov.ph/taxcode/1889.htm
Estate Tax
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INVESTMENTEMERGENCY FUND
DEBT MANAGEMENTPROTECTION: HEALTHCARE & INSURANCE
« BUILD IT RIGHT. BUILD IT STRONG»
I N C R E A S E C A S H F L O W
Building A Solid Financial Foundation
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Live simply.
Most people are indebted.
This will help us avoid debt trapsBefore we build our wealth--
We need protection for assets and life
Get out of debts before you invest
Invest safely and correctly
Transfer inheritance to our children
6 Steps to Financial Security
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Building A New Industry
Part 2International Marketing Group
and Business Partners (Service Providers, Product Vendors)
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More than 25 Years in USA/Canada &15 Years in the Philippines
Is an independent marketing company whose associates, through its affiliated companies, offer a broad array of financial services and products.
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http://www.img-corp.com/
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http://www.img-corp.com
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Make a Difference for Families
At IMG, we can help make a difference
for families by showing them a new path
towards achieving their financial goals.
No Family Left Behind
Our Mission
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To Build and Provide
the Best Business Opportunity in the World
Revolutionize the financial services industry by
bringing a fresh, new approach to empower
the world on how money works.
Help people who desire to help themselves. Bring life-changing financial concepts and solutions to middle income individuals and
families who are overlooked by the financial services industry.
Our Vision
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SPENDERS
Deliver the world’s financial wake-up call
Change people from:
SAVERSENTREPRENEURS
INVESTORS
Our Crusade
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1. ONE STOP SHOP of all Financial Services2. By-Pass The Middle Man (earn the commission yourself)
3. Create Your Multiple Passive Income Stream
4. Have Your Own Business Franchise5. Earn Interest Income from Investments
(invest correctly and safely with high returns)
6. Earn By Helping Others to Save and Invest
What IMG Can Provide
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1. ONE STOP SHOP of Financial Services2. By-Pass the Middle Man (earn the commission yourself)
3. Create Your Multiple Passive Income Stream
4. Have Your Own Business Franchise5. Earn Interest Income from Investments
(invest correctly and safely with high returns)
6. Earn By Helping Others to Save and Invest
What IMG Can Provide
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YOU
BROKER
INVESTMENT
Getting An Investment On Your Own
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YOU
INVESTMENT
YOU (BROKER)
Getting An Investment On Your OwnGetting An Investment Via IMG
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1. ONE STOP SHOP of Financial Services2. By-Pass the Middle Man (earn the commission yourself)
3. Create Your Multiple Passive Income Stream
4. Have Your Own Business Franchise5. Earn Interest Income from Investments
(invest correctly and safely with high returns)
6. Earn By Helping Others to Save and Invest
What IMG Can Provide
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Healthcare&
InsuranceAlways inform your relatives of your insurance.
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http://www.kaiserhealthgroup.com/
INVESTMENTEMERGENCY FUND
DEBT MANAGEMENTPROTECTION: INSURANCE
HEALTHCAREI N C R E A S E C A S H F L O W
INVESTMENTEMERGENCY FUND
DEBT MANAGEMENTPROTECTION: INSURANCE
HEALTHCAREI N C R E A S E C A S H F L O W
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Major Advantages of Kaiser Pre-existing illness:
• excluded from healthcare claims during payment period only• excluded from insurance claim for the first 2 years only
Plus Rider option – 2x insurance amount without 2x premium Healthcare coverage & investment is transferrable
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http://www.kaiserhealthgroup.com/
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MUTUALFUNDS
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MUTUAL FUNDS
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• Bank Deposits Your money is actually invested in financial instruments with higher return Interest earned is based on account agreement, regardless of how much the bank earns on your money You only own what was agreed to be given to you
• Mutual Funds Ownership: You’re a co-owner of the company Number of shares is more important than the cost per share Long-term investment: Higher gain
Mutual Funds vs Bank Deposits
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http://www.pifa.com.ph/advantages.html
STOCK/EQUITY FUNDP8+$1 BALANCED FUNDP9+$4
BOND/FIXED-INCOMEP11+$8+€2 MONEY MARKET FUNDP5
Types Of Mutual Funds
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TYPE COMPOSITION OBJECTIVE AVERAGE RETURN*
MONEY MARKET FUND
SHORT-TERM FIXED-INCOME INSTRUMENTS
STABILITY + MINIMAL GROWTH
BOND/FIXED-INCOME FUND
FIXED-INCOME INSTRUMENTS
STABILITY + REASONABLE GROWTH
BALANCED FUND STOCKS & FIXED-INCOME INSTRUMENTS
MEDIUM TO LONG-TERM FOR MODERATE
INVESTORS
STOCK/EQUITY FUND SHARES OF STOCKS LONG-TERM CAPITAL GROWTH
2%
6%
12%
18%
Type Of Mutual Funds
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1. Professional management: One of the main attractions of mutual funds is that it affords its investors the services of full-time professional managers whose job is to analyze the various investment products available in the market.
2. Low capital requirement: Direct investments usually require substantial capital. In contrast, most mutual funds in the Philippines require a minimum initial investment amount of only Php5,000.00 and minimum additional investments of Php1,000.00.
http://www.pifa.com.ph/advantages.html
Reasons To Invest In MUTUAL FUNDS
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3. Potential Higher Returns: Very few individual investors can match the experience and skill of full-time professional fund managers who can select those that would give the best possible returns.
4. Liquidity: Liquidity is the ability to readily convert investments into cash. While the law provides that redemption proceeds must be given within seven (7) banking days from the date of the redemption request, most funds are able to pay the redemption proceeds within a day.
PRIMARY REASONS TO INVEST IN MUTUAL FUNDS
http://www.pifa.com.ph/advantages.html
Reasons To Invest In MUTUAL FUNDS
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5. Diversification: investing in variety of assets; here is a saying that goes, “Do not put all your eggs in one basket.” When people invest in a mutual fund, they achieve instant diversification.
http://www.pifa.com.ph/advantages.html
Reasons To Invest In MUTUAL FUNDS
Stocks
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6. Safety: Mutual funds are highly regulated by the Securities and Exchange Commission under the Investment Company Act(RA 2629).
Reasons To Invest In MUTUAL FUNDS
Mutual Fund Company
Independent Auditor
3rd Party Custodian Bank
You $$$
$$$
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Reasons To Invest In MUTUAL FUNDS
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7. Convenience: The popularity of mutual funds in the Philippines is fast catching up. Investment application can now do online and additional investment/s can now deposit thru banks’ online banking fund transfer facilities.
http://www.pifa.com.ph/advantages.html
Reasons To Invest In MUTUAL FUNDS
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Are gains in mutual funds taxable?
oNO. Mutual fund “gains” are exempted from taxes based on the Comprehensive Tax Reform Program (CTRP), Section 32 (B) (7) (h). This was done to promote long-term savings in the country.
Reasons To Invest In MUTUAL FUNDS
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Why invest in MUTUAL FUNDS and not in INDIVIDUAL STOCKS?
o If you’re not a good stock picker.o If you don’t have time to follow and track your
investments actively.o If you can potentially become an emotional
investor if you handle your investments too actively.
Reasons To Invest In MUTUAL FUNDS
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Investment Scenario: Buy P100 worth of mutual fund shares for 6 months
Cost Averaging for Mutual Funds
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REAL ESTATE
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18341954
2007
Real Estate Business Partners
1996
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PERSONAL USE Family residence
SAVINGS Has the potential to offer higher return than bank
BUSINESS Place of business Can be resold at a higher price Can be used as a collateral for loan Can generate rental income
Reasons To Invest In REAL ESTATE
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Options for acquiring products/services:1. CLIENT - you don’t join as an IMG member but you get timely updates from the companies (i.e. pricing, offerings, regulations)
2. MEMBER - you join IMG and you become an agent of these products / services which will help you reduce the cost of your own investments using the commission - earn overrides
Personal or Business?
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Commission Rates
Membership LevelKaiser
(premium)Mutual Funds(Sales Load)
Real Estate(i.e. Vista Residences)
Associate 20% 20% 2.25% Field Leader 30% 30% 2.35% Asst. Marketing Director 40% 40% 2.45% Marketing Director 50% 50% 2.75%
Glimpse Of Passive Income
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Financial Independence is not a dream. It’s a decision!