LET’S TALK CENTS

Centonomy Offers: Personal Financial Management & Wealth Creation Course Cents meaning Money and Autonomy meaning Independence

@centonomy Facebook.com/centonomy WWW.CENTONOMY.COM Email: talkcents@centonomy.com Tel: +254 20 4443695/ 0700036433

DEBUNKING MYTHS I’M DOING WELL (SALARY/BIG CAR, NICE HOUSE, TITLE) I’LL ASK FOR SALARY ADVANCE- JUST THIS ONCE I CAN AFFORD THE REPAYMENT MY HOME IS MY BIGGEST ASSET I WILL SAVE WHEN I EARN MORE

@centonomy DEBUNKING MYTHS MY PENSION FUND WILL FUND MY RETIREMENT I CAN DELEGATE CREATION OF WEALTH I WILL INHERIT I DON’T HAVE MONEY TO INVEST INVESTMENTS ARE COMPLICATED SAVING/INVESTING MEANS NOT ENJOYING LIFE A DEAL WILL COME BY @centonomy

IMAGE VS WEALTH CREATION Spends more as you earn more Spend and save a little Instinct is to work and consume Working for a lifestyle Have to work to eat Lifestyle starts off extravagant and reduces Careless about time Spending driven by OPO Invest more as you earn more Multiplication and saving most Instinct is to increase Working to create assets Assets will fund lifestyle Lifestyle starts off modest and grows Understands value of time Spending driven by personal values and choices

IS YOUR IMAGE A RESOURCE OR A PRISON?

@centonomy FOOD FOR THOUGHT “You can’t solve a problem with the same mind that created it” – Albert Einstein @centonomy

Assets or Debt; Income or Expenses 1. ASSESS WHERE YOU ARE CAN YOU AFFORD YOUR LIFE? Assets or Debt; Income or Expenses

How much of what you work so hard for is actually yours? January February March April May June July August September October November December @centonomy Facebook.com/centonomy

OUR EXPENSES

YOUR BALANCE SHEET ASSETS VS FLOSSETS

DEBT GOOD DEBT VS BAD DEBT

Facebook.com/centonomy Why are Financial Goals Important? IT’S ABOUT LIVING INTENTIONALLY A goal without a number is just a SLOGAN! Facebook.com/centonomy

What will be important to you at her age What will be important to you at her age? What will you want to have done with your life at her age?

HOW DO I KNOW WHAT TO SAVE?

VISION

How much will my life cost in the future? Reality of Inflation How much will my life cost in the future?

Currently Income Savings Expenditures - = Assets Liabilities

WHERE YOU HAVE TO BE Income Expenditures = Assets Liabilities

= TIME VALUE : Ksh 1,200,000 Ksh 120,000 per year Coffee Albert Einstein Said “ Compound Interest is the greatest Mathematical Discovery of all time” Ksh 1,200,000 : Ksh 200 …each day invested at 10% over 10 years… happy retirement Ksh 120,000 per year Coffee =

THE WEALTH CREATOR TAKES RISKS

THE WEALTH CREATOR IS COMFORTABLE IN UNCERTAINITY Certainty and safety cost money

RISK RETURN TRADE OFF RISK Equities Property Fixed Income Cash RETURN HIGH RISK Equities Property Fixed Income Cash LOW RETURN HIGH

@centonomy Facebook.com/centonomy WWW.CENTONOMY.COM Email: talkcents@centonomy.com Tel: +254 20 4443695/ 0700036433