GET YOUR HOUSE IN ORDER
Personal Finance Lessons
‘Aim to generate wealth so that you don’t ever have to work for money again’’:
‘Money Vs ME’’
Personal Finance is usually under-rated & we tend to ignore this very important aspect of our lives. We deal with money on a daily basis but somehow forget to give our personal finances its due. This may be due to paucity of time, lack of awareness, or simply procrastination.
DO NOT delay this any further! Take hold of your personal finances now with the follow module.
Training Objective:
Improve your ability to manage and take control of finances & understand various Investment Avenues. Also, take control of your Personal Taxation & plan your Short Term and Long-Term Financial Goals
Methodology:
– In person (circumstantial)
– Webinars
– Case Study based approach
Program Outline
Basics of Personal Finance
- Golden Rules of Personal Finance
- Analysis of Current State
- Create personal Net worth statement
- Create personal Income & Expenditure statement
- Goal setting for self and family
- Understand how much you need to invest monthly to achieve your goals
- How does Inflation impact us?
Personal Tax Planning
- How to Reduce your Tax Outgo
- Deductions vs Exemptions
- Tax Avoidance vs Tax Evasion
Investment Avenues
- Understand various Investment Avenues
- Mutual Funds
- Debt Investment
- Other Asset Classes
Risk Management in Personal Finance
- Understanding various Risks associated with Personal Finance
- Insurance and its basics
- Common myths about insurance
- Types of Insurance policies
- Which insurance policies one should have?
- How much sum assured is adequate for me?
- Create a financial and risk management plan
Retirement Planning
- How much corpus do I need to retire early?
- How & When should I start my retirement planning?
- Pitfalls to avoid