session 1 preparation printversion
TRANSCRIPT
![Page 1: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/1.jpg)
1
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Three Power Steps to
Financial Success
SAVE INVEST PROTECT
COGNIZANT TECHNOLOGY SOLUTIONS | 28-SEPTEMBER 2007
![Page 2: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/2.jpg)
2
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Success is Achieving Set Goals
Set Goals
Save Invest
Protect Achieve Goals
![Page 3: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/3.jpg)
3
FINERVA Cognizant Technology Solutions 28 SEPT 2007
We are Here
• Fundamentals of Financial Planning – 1
• Fundamentals of Financial Planning – 2
• Income Tax Management
• The Way Forward
![Page 4: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/4.jpg)
4
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Fundamentals of Financial Planning – 1
Dreams– Dreams give energy– Dreams are worth aspiring for– Dreams give a reason for Living– Dreams stimulate the Child in us.– Please fill the Worksheet for Dreams
Please fill the worksheet : Dreams
![Page 5: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/5.jpg)
5
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Goals
– Goals are worth achieving
– Goals are worth the effort you put in
– Goals stimulate the Whole Body and Spirit
– Please fill the Worksheet for Goals
Please fill the worksheet : Goals
![Page 6: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/6.jpg)
6
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Goal Setting
Goals remain Dreams
without Goal SettingGoals remain Dreams without
Goal Setting
![Page 7: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/7.jpg)
7
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Understanding Where We Are Now
![Page 8: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/8.jpg)
8
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Understanding Where We Are Now..
• Please take the Test on Assets
• What they actually mean– Asset – One that generates a POSITIVE Cash Flow– Liability – One that generate a NEGATIVE Cash Flow– Income – The Positive Cash Flows– Expenses – The Negative Cash Flows
* From the concepts of Robert Kiyosaki
![Page 9: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/9.jpg)
9
FINERVA Cognizant Technology Solutions 28 SEPT 2007
The Cash Flow Concept
Asset Liability
Income
Expense
![Page 10: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/10.jpg)
10
FINERVA Cognizant Technology Solutions 28 SEPT 2007
The Net Worth Chart
• The Net Worth is the Difference between the Total Assets and Total Liabilities
• Based on the concept of assets and liabilities, please fill in your Net Worth Chart
![Page 11: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/11.jpg)
11
FINERVA Cognizant Technology Solutions 28 SEPT 2007
The Cash Flow Chart
• The Cash Flow Chart is given to you, please enter details as applicable to the present situation.
• What you have done now is prepare a Budget
• Have you also found how and where your savings are going?
![Page 12: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/12.jpg)
12
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Cash is King
• Thinking about Personal Finance from the Businessman / Investor Point-of-View
– Why do you think Warren Buffet bought a used Rolls
Royce 6 months ago?
– Why do you think Tata Steel bought Corus rather than
build a company on its own?
– Why do you think Jet Airways leased its aircrafts
when it began its business?
![Page 13: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/13.jpg)
13
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Successful Budgets Are...
• Well planned
• Realistic
• Flexible
• Clearly communicated
![Page 14: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/14.jpg)
14
FINERVA Cognizant Technology Solutions 28 SEPT 2007
CONTROLLING YOUR SPENDING
• Budget and stick to it• Learn to say “NO”• Learn to go “Dutch” with friends• Don’t have too many credit cards• Use a line of credit not a loan• Stop impulse buying – Carry a shopping list• “Do you really need it?”• Don’t go shopping• Control dining out• Don’t carry cash• Pay down debt ASAP so you can do other things
![Page 15: Session 1 Preparation Printversion](https://reader035.vdocuments.site/reader035/viewer/2022062704/555c2a41d8b42a09438b4ee6/html5/thumbnails/15.jpg)
15
FINERVA Cognizant Technology Solutions 28 SEPT 2007
Take Away
• Concept of Assets & Liabilities based on
Cash Flow
• Personal Net Worth
• Present Budget