The Money Management Plan Al Jazzura Khan 019.222.4545 LVG Consultants www.lvgconsultants.com.

Slides:



Advertisements
Similar presentations
[click] Welcome to the “Financial Planning” presentation. My name is ______. [Introduce yourself and your position.]
Advertisements

Savings Savings grows money. Save for future needs and wants.
Budgeting Basics. Budgeting and Financial Priorities The PICPA Pennsylvania Institute of Certified Public Accountants The PICPA is a professional association.
Simple Interest I =Prt I = Interest P = Principle r = rate t = time
Compound Interest. Does anyone have any interest in interest? Very few banks today pay interest based on the simple interest formula. Instead, they pay.
Building Your Savings. Importance of Saving Money Short-Term: –Emergency cushion: experts recommend 3-6 months worth of living expenses –Short Term goals:
Saving and Investing Andrea Olson Reward Yourself By Saving “Be in control of your money, don’t have your money control you!” – Have a goal. What are.
Achieve your personal goals. Make a short list 2.
Never Lose A Penny: Be Money Smart Presenter: Lilith Janel Pulley FBLA-PBL Conference Hilton Hotel Orlando, Fl.
CREATING WEALTH IN AMERICA Utilizing Tax Advantages The E-Commerce Explosion Passive Income Vehicles.
Manage Your Money Karsten Jeske, Ph.D. Federal Reserve Bank of Atlanta.
Today’s Targets Evaluate the effect time has on saved money.
Chapter  Savings are money people put aside for future use. Generally people use their savings for major purchases, emergencies, and retirement.
There’s a lot to learn about money! Presented by the San Francisco Federal Reserve Bank in Collaboration with Operation Hope Why is Money Important?
Life or Debt: Tips on Saving and Investing Jamie Salazar.
Personal Finance. Saving money is the cornerstone of a strong financial game plan. Some of the main reasons to save include: –To meet a very specific.
Financial Literacy Banking, Financing, Investing, and Planning for your Future.
Problem of the day…. You have to pay the first $500 of car repairs following an accident. The money you pay is called your:
How to retire a millionaire. So what is your plan? Most people don’t have a plan for becoming rich or wealthy If your only plan is to marry someone rich,
 A budget is a written record of the money that flows in and out of your household or pocket every month.
3 STEPS TO SAVING MONEY AND BUILDING PERSONAL WEALTH EVEN WHILE YOU ARE A POOR COLLEGE STUDENT.
Section 1.2 Opportunity Costs and Strategies.  Personal resources require management just like financial resources.  You have to make choices how you.
1 Chapter One First Things First Ken Long New River Community College Dublin, VA 24084
Lesson 3-3 Example Solve. Daniel put $1,500 into a savings account. The simple interest rate is 4.5%. How much interest will Daniel earn in 1 month?
FINANCIAL WELLNESS Healthy, Wealthy & Wise. IN A RECENT REPORT BY THE AMERICAN PSYCHOLOGICAL ASSOCIATION: 8 out of 10 Americans listed money and the economy.
Retirement Planning. Writing Prompt Write one paragraph about the kind of lifestyle you would like to have when you retire. Include ideas on how much.
Planning a Second Career or Retire in Style? By Joe Milchling.
Section 2: Calculations. I CAN:  Define principle  Apply the rate of return  Calculate Simple interest, compound interest and the rule of 72.
Building a Better Budget © 2005 BALANCE FINANCIAL FITNESS PROGRAM.
Five Threats to Your Retirement Security. Five Major Threats Outliving Your Money Effects of Inflation Investment Performance Excessive Withdrawals Healthcare.
Thinking Mathematically
Saving Money The Why, When, and How. Pretest 1. True or False: Only those who are financially well off can save. 2. True or False: The best place to save.
IndySaves Build Wealth – Not Debt INDY SAVES You Can Build Wealth.
What will it take for me to become a millionaire?.
1 | 1 Chapter 1: Learning Objectives 1.Use the building blocks to achieve financial success. 2.Understand how the economy affects your personal financial.
Introduction to Business Personal Finance Unit Why Save?
Retirement Options. 10/19/2015Template copyright Retirement Pension plans –Company plans that provide retirement income for.
BUDGETING Your Best Tool For Financial Success. According to The Millionaire Next Door Who Really Are the Millionaires?
Chapter 11 Section 1 By: Maddie Borgman. Investing Definition: The act of redirecting resources from being consumed today so that they may create benefits.
Take Charge Saving & Investing. Why You Should Save  Saving  Setting aside income for a period of time so that it can be used later  Reasons people.
STRATEGY THREE Debt Recycling Tax Planning Strategies for 2015.
Personal Financial Management in a Transition 2. Underlying Money Concepts – laying a $ foundation What is the one thing that you want me to know about.
Future Value of an Ordinary Simple Annuity Annuity - Series of equal payments or deposits earning compound interest and made at regular intervals over.
Exponential Graphs Equations where the variable (x) is the POWER y = ab x – h + k h moves the graph horizontally k moves the graph vertically.
What is a budget?.
Personal Financial Management “It begins with simple principles”
Personal Finance Mrs. Rinehart. Rinehart’s Recap Go to my website and copy and paste these statements into your recap. 1 - Money doesn’t buy happiness.
1 Income Statement. 1.Buying a horse (for me!) 2.How much did I pay? 3.What do I have invested in it? 4.What to sell it for? Simple Transaction.
Investing: Making Money Work For You October 24, 2009.
Simple Interest. Simple Interest – * the amount of money you must pay back for borrowing money from a bank or on a credit card or * the amount of money.
Simple Interest Formula I = PRT. I = interest earned (amount of money the bank pays you) P = Principle amount invested or borrowed. R = Interest Rate.
1 Time is Money: Personal Finance Applications of the Time Value of Money.
What would you do? Chapter Six -- Savings. What is the "Fiscal cliff"?
Managing Your Income Chapter 24 Cooperative Ed II.
What will it take for you to be wealthy?. It Starts HERE!!! Learn The Wealth Formula Learn The Wealth Formula Learn Types of Income Learn Types of Income.
Pay Yourself First Financial Capability. Pay Yourself First Income – any money you receive Expenses – what you spend money on Spending plan – a plan for.
Compound Interest Money, where fashion begins…. Vocabularies and Symbols A = Accumulated Amount (ending balance, in $) A = Accumulated Amount (ending.
Stock Market Analysis and Personal Finance Mr. Bernstein Opportunity Costs and Strategies, pp September 2015.
Chapter 1 Introduction to Savings Personal Finance Mr. Brown.
What are the most successful methods to ensure a secure financial future? By Mike Carlos.
THE MILLENNIAL INVESTOR RVP AARON FISHER READING, PA October 24, 2015.
SAVING and INVESTING to achieve your financial goals or HOW MONEY WORKS.
What does it mean to Budget? _____________ your money Plan how to _____________ or _______________ __________ vs. _________ Based on _______________ income.
What is a Budget? Economics. “A Dream stays a Dream until you create a plan to make it come true; then and only then does it become reachable goal”
RETIREMENT READINESS WILL YOU OUTLIVE YOUR RETIREMENT INCOME? IS THE STOCK MARKET RIGGED?
INTEREST. Simple Interest Compound Interest SIMPLE INTEREST VS. COMPOUND INTEREST Interest earned on the principal investment Earning interest on interest.
Entrepreneurship Mr. Bernstein Opportunity Costs, PV and FV, and Lifelong Financial Strategies June 2016.
INVESTMENT TERMS.
Money Master Student Map
Money Master Student Map
Presentation transcript:

The Money Management Plan Al Jazzura Khan LVG Consultants

Money Management Strategies The single biggest difference between financial success & financial failure is how well you manage your money. Simple & practical wealth principles; To master money, you must manage money Until you show you can handle what youve got, you wont get any more! The habit of managing money is more important than the amount

If Its Simple, Use It! Financial Freedom – 10% Use – Never. Only invested to produce passive income at retirement. Financial Freedom Jar – all loose change Habit – money magnet. Where attention goes, result show. Play – 10% Rule – spend it every month Long Term Savings for Spending – 10% Education – 10% Necessities – 55% Give – 5%

Rich Skills VS Poverty Skills Rich Skills Invest money Its not just about what comes in, its about what you do with what comes in long term view Poverty Skills Save money Have to earn a fortune to be wealthy short term view

Financial Freedom 101 Financial Freedom Account 10% Financial Freedom Jar Play Account / Jar 10% Long Term Savings for Spending 10% Education Account 10% Necessities Account 55% Give Account 5%

Either you control money or it will control you If you want to set up an automatic system to start building your Financial Fortress Call me today for a brilliant session Action makes us financially free