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Growing Your Money: The Basics April 5, 2013 By Guita T. Gopalan

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Page 1: Grow yourmoney

Growing Your Money:

The BasicsApril 5, 2013

By Guita T. Gopalan

Page 2: Grow yourmoney

Why few succeed?

www.guitagopalan.com Guita Gopalan @guitagopalan GuitaTGopalan

Page 3: Grow yourmoney

Ignorance

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Page 4: Grow yourmoney

Aimlessness

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Page 5: Grow yourmoney

Lazy

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Page 6: Grow yourmoney

Impatient

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Page 7: Grow yourmoney

Greed

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Page 8: Grow yourmoney

Building wealth is not a game of

chance.

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Page 9: Grow yourmoney

Key to Success: STRATEGY

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TARGET

PLAN

INSTRUMENT

Page 10: Grow yourmoney

Defining Your Goals

Protection Life Goals Retirement

PURPOSE – TARGET – TIMELINE

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Page 11: Grow yourmoney

Minimum Benchmark - Inflation

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Page 12: Grow yourmoney

Strategy – Map to Wealth

RISKSREWARDS

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Page 13: Grow yourmoney

Reward

End in Mind

Focus on the purpose

Many ways to reach the same goal

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Page 14: Grow yourmoney

Risk

Match risk with your goalPurposeTargetTimeline

Equip yourselfKnowledgeSkills

Build your savings continuously

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Page 15: Grow yourmoney

- What we want- What we worry about- External factors

- What we can manipulate

- What we can plan for- Internal Factors

CONTROL

CONCERN

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Page 16: Grow yourmoney

Building wealth is…

A life-long balancing act!

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Page 17: Grow yourmoney

THANK YOU

www.gui tagopalan.com

GuitaTGopalan

@guitagopalan

Guita Gopalan

[email protected]