Financial Freedom Presented by: Aadil Kadri Certified Financial Planner

Presenter Contacts Aadil Kadri Manager Advisory Certified Financial Planner, FPSB – India, Continental Financial Services Mobile Office / Fax / / To read my blog please click the below link: “Celebrating 15 th year of successfully helping people realise their financial dreams”

Objectives Advantages / Disadvantages of Credit cards Awareness of Financial Planning By the end of this session the participant will be aware

Vision To make people well versed and well equipped with the importance of FINANCIAL PLANNING. Mission To offer my time, money and energy for the betterment of People. To help people plan for the expected and unexpected moments of Life. To continuously contribute to the society and follow values of integrity, honesty and humility.

Purpose of Coming to UAE What is required to save money “ Financial Planning ” Otherwise……..our money……!!!

How we can AIM FINANCIAL FREEDOM Debt Management – Control on Income v/s Expenses Financial Planning Record Keeping Procrastination

Debt Management – Control on Income V/s Expenses Budgeting Cutting Expenses Ways to Get in the Debt Issues while in Debt Steps to come out of Debt

Ways to get in Debt Personal Loans Credit Cards Living beyond means Flashy Lifestyle

Ways to get in Debt

Issues when in Debt Health Issues Family Issues Legal Issues Loss, Peace of Mind Financial Issues

7 steps to come out of Credit Card Debt Acceptance Snowball effect Increase your Income Loan from your Fixed Deposits Personal Loan to Pay off your credit card debts Talk to the bank Get Professional help

Financial Planning What is Financial Planning? Why you need Financial Planning ? Who needs Financial Planning? How to do Financial Planning?

Basically to “SAVE” S=Systematic A=Accumulation (of your) V=Valuable E=Earnings Why we need Financial Planning?

What is L I F E??? L = Beginning of your Life ? ? ???????? What lies in between ???? ……… ? ? E = End of your Life

INSURANCE Life InsuranceHealth Insurance Accident Insurance Critical Illness Insurance Planning of Unexpected / Emergencies

Planning of Financial Goals / Milestone Family Goals / Milestone Education Planning Retirement Planning Dreams / Aspirations Buying House

Different Life Stages of Financial Planning Birth and Education Earning Life 75 + Retired Life Marriage Kid 1 Kid 1’s College Kid 1’s Marriage Kid 2Kid 2’s College Kid 2’s Marriage Retirement Age Income Do you want to compromise on your living standard after your retirement ???? Emergencies???? Car House Savings / Investing

Concepts that helps to achieve Financial Planning Save and Spend Formula for Savings : Who is Rich ??? Pay Yourself first Tin Can Concept Power of Compounding Pyramid of Life

Spend Save Spend Concepts that helps to achieve Financial Planning Category 1Category 2 Income – Expense = Savings Income – Savings = Expense Formula for saving Formula for saving in new age Save??

AED 50,000 Savings 20 yrs 35 yrs55 yrs Savings term AED 20,000 Income Client A Who is Richer ????? AED 200,000 Savings 20 yrs 35 yrs55 yrs Savings term AED 5,000 Income Client B 20 yrs 35 yrs55 yrs Savings term AED 20,000 Income Client A 20 yrs 35 yrs55 yrs Savings term AED 5,000 Income Client B

Pay Yourself First 10% G R O C E R Y (3-4) days 20% S C H O L (5 – 6) days 30% R E N T (9 – 10) days 10% B I L S (3-4) days 10% M I S C (3-4) days 10% D E B T (3-4) days 10% B A L A N C E (3-4) days 100% - Income for 30 days

Tin Can Concept 2% A 3% B 5% C

Power of Compounding Option 1 : Gets AED for next 31 days Option 2 : Gets 1 fils per day doubling every day for next 31 days. AED 2.14 billion : Power of Compounding !!!!!! AED 2,14,74,834

Pyramids of Life 3% 13% 21% Financially Independent Still working to make ends meet Dead Financially dependant on charity or relatives. Survey shows out of 100 people who reach to age 65 years 64%

Financial Record Keeping Try Solving some 2:00 AM - NIGHTMARE Questions in YES / NO H ave I informed my spouse about all my assets and liabilities ? Have I informed my spouse about the loans taken & loans given ? Does my spouse knows where ALL our original documents are kept ? Does my spouse knows who to contact in case of emergency ? Are we prepared for an unforeseen circumstances ? Does my spouse knows whom to contact in emergency ?

Procrastination I will explain this to you all TOMORROW …… Tomorrow that never comes ……. So….. DO IT NOW

So what’s your KEY to success? “ AIM Financial Freedom ” Start savings Early Save / Invest Regularly Save/ Invest – Medium to Long Term Plan

Questions and Answers Thank You

Presenter Contacts Aadil Kadri Manager Advisory Certified Financial Planner, FPSB – India, Continental Financial Services Mobile Office / Fax / / To read my blog please click the below link: “Celebrating 15 th year of successfully helping people realise their financial dreams”