building a solid financial foundation

BUILDING A

SOLID FINANCIAL

FOUNDATIONFIRST STEP TO FINANCIAL FREEDOM

PRAYER of ABUNDANCEToday, I recieve all God’s love for me

Today, I open myself to the unbounded, limitless, overflowing abundance of God’s Universe.

Today, I open myself to your Blessings, healing and miracles.

Today, I open myself to God’s Word so that I become more like Jesus Everyday.

Today, I proclaim that I’m God’s Beloved, I’m God’s Servant, I’m God’s powerful champion,

And because I am blessed, I will bless the world, In Jesus Name, Amen.

temporary

NEEDSPERMANENT

WE NEED TO BUILD A LOT OF

WEALTH

HOW MUCH WEALTH IS NEEDED?annual income x 10

monthly income = P 10,000 x 12Annual income = P 120,000

annual income x 10 = P 1.2 M

P 1.2 M x 10% = 120,000 / 12 = 10,000P 2.4 M x 10% = 240,000 / 12 = 20,000

P 3.6 M x 10% = 360,000 / 12 = 30,000

P 1.2 M

OUR FINANCIAL BUCKETINCOME

SALARYSIDELINE

BILLS/NECESSITIESTUITION//FOOD/CLOTHING

100(salary) – 10(tithe) - 20(savings) = 70 (expenses)

what if you LIVE

too long

what if you DIEtoo soon

THE RULE OF 72

Albert Einstein called the compound interest the 8th

wonder of the world & mankind’s greatest invention because it is

the mightiest force ever unleashed

for the amassing of wealth.

The Power of Compounding Interest

THE RULE OF 7272 ÷ Interest rate = number of Years it takes

for your money to doubleExample:

You have P 100,000 now, then you invest it in a Savings Account with 1% guaranteed interest per annum

72/1 =72

so it means in 72 years, your money will be

P 200,000

BUILDING A SOLID FINANCIAL FOUNDATION

INVESTMENTEMERGENCY FUNDELIMINATE DEBTS

PROTECTION / LIFE INSURANCEHEALTHCARE

LONG TERM / SHORT TERM

What happens when you have weak building foundation

INVESTMENTEMERGENCY FUND

You should set aside 3-6 months of your monthly needs to help cope with emergencies and unexpected changes, like:

• Job Loss•Major Damages or Repairs for homes•Illness•Disaster•Be prepared for rainy days

ELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

Investments usually has lower interest rates than DEBT, especially credit card debts.

The interest paid by your investments will just end up paying your debts.

NO PROTECTIONELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

Most of us don’t utilize this kind of product because we think we will not be the one to

enjoy the fruit of this instrument.

HEALTHCARENO PROTECTIONELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

Nobody wants to get sick but somehow anyone will.When you stop working, the pay stops but the needs won’t.

HEALTHCARENO PROTECTIONELIMINATE DEBTS

INVESTMENTEMERGENCY FUND

First reason why we are here because we wanted to increase our cash flow.

INVESTMENTEMERGENCY FUNDELIMINATE DEBTS

PROTECTION / LIFE INSURANCEHEALTHCARE

LONG TERM / SHORT TERM

BUILDING A SOLID FINANCIAL FOUNDATION

TYPES OF INVESTMENTS•STOCK MARKET•MUTUAL FUND •UITF•REAL ESTATE •JEWELRIES•BANK/SAVINGS DEPOSITS•BUSINESS

ARWIN MENDOZA BUENOBlogsite: GUSTO KONG YUMAMAN EPS WORKER’S LIFE IN KOREAURL: payamannako.blogspot.com

epsinkorea.blogspot.com

Phone number: 010-5149-7774Add me on Facebook : www.facebook.com/arwin.bueno