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YOU CAN’T WIN THIS GAME

LIFE IS A GAME OF CHESS

LIFE IS A GAME OF CHESS

IF YOU THINK ONLY OF YOUR NEXT MOVE.

TO WIN THIS GAME YOU HAVE TO THINK

OF THE MOVES OF YOUR OPPONENT.

LIFE IS A GAME OF CHESS

LIFE IS A GAME OF CHESS

MAKE THE RIGHT MOVE

CHECK & MATECHECK & MATECHECK & MATEYOUR OPPONENT IS TIME

LIFE IS A GAME OF CHESS

LIFE IS A GAME OF CHESS

With A SCIENTIFIC APPROACH

4C’s of Family Welfare Economics

1.Creation of Income

2.Consumption of Income

4. Conservation of Income

3. ?????????? of Income

5. CHARITY5. CHARITY

IF YOU DON’T TAKE CARE OF THE 3rd C- CONTINUITION

THEN THE FAMILY MAY HAVE TO TAKE THE HELP OF THE 5th C

1ST of the 4C’s of Family Income

1. Creation of Income

Knowledge of taxes increase disposable income

2nd of 4C’s of Family Income

2. Consumption of Income

Wealth Accumulation & Estate Planning4. Conservation of Income4thof 4C’s of Family Income

What are the circumstances due To which 1st of Family Income can

Close

3 major interventions

Retirement - - Disability - - Death

3rd of 4C’s of Family Income3. Continuation of Income

Revenue Expenses Capital Expenses

Helps to Attain and Maintain a Standard of Living

Liquid Assets Non Liquid Assets

INSURANCE, FDS,PPF SHARES,REAL ESTATE

= Earned Income

Conservation of Income

Continuation of Income

Creation of Income

Consumption of Income

HOW WEALTH GETS DISTRIBUTED ?

WEALTH HAS TO BE LIQUIDATED FOR THE FAMILY’S

4. Conservation

of Income

2. Consumption

of Income

1. Creation of Income

3. Continuation of Income

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Distribution of Wealth

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Where do you stand