personal financial planning
TRANSCRIPT
The Life of the Future Law Enforcement Officer
Isaac Tweneboah-‐Koduah Contacts: 0247 780 -‐ 606 & 050 601 6060
Email: [email protected] 6/3/15
Critical Life Success Puzzle
Happy Successful
Life
Financial Freedom
Religious Life
Happy RelaNonships
Building Personal Business
Living in Health and
Energy
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What We Do At HiPAG
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Clarity
Confidence
Competence
Lets Have Some Fun Right?
Presentation Objectives 1. An appreciaNon of the life challenges of
the Police Officer
2. Law enforcement Officer of the future
3. 7 -‐ Strategies for Personal Financial security in ReNrement
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An appreciation of the life challenges of the
Police Officer 1. Work-‐Life Balance stress
2. Health and sudden deaths
3. High Risk to injuries and deaths
4. Intense work demands with limited resources
5. RelaNonship challenges
6. Financial insecurity 6/3/15
Results?? 1. Serious Health Challenges
and early deaths
2. NegaNve percepNon about the Police Service
3. ReNring in unsecured financial status
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Your Work Is An Acre of Diamond
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Basic Belief About Life and Rewards……
‘Our Reward/Money in life is in direct
propor6on to the demand for what we do, our
ability to do it with excellence and the difficulty
of replacing us’
Earl Nigh*ngale
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The Future Law Enforcement Officer??
‘…Must desire to do the things others wont do today, in order to have the things others wont have tomorrow………
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The P.O.L.I.C.E. of the Future!!! 1. P -‐ Perform duty with PASSION
2. O -‐ OUTSTANDING Personality – Personal Branding
3. L – Con6nuous LEARNING and Personal Improvement
4. I – Work with INTERGRITY at all 6mes
5. C – Don’t COMPROMISE on Professional Values and Ethics
6. E – Watch the ENERGY vampires in your life
Benefit of Being An Outstanding Officer
Benefits
Personal SaNsfacNon – Inner Joy
ContribuNon to beeer
Living -‐ Peace
Financial Rewards
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Wealth Creation for Happy, Healthier Retirement
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What Is Wealth To You??
Wealth
Financial Freedom
Religious Life
Happy RelaNonships
Building Personal Business
Living in Health and
Energy
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Financial Wealth
Financial Freedom
Free Cash Flow
No debt
Work ONLY for Pleasure
Leaving a
Legacy
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Why Intensify Personal Financial Planning Now??
1. Old age and ReNrement will surely come
2. Health Challenges intensify at Old age/ReNrement
3. Money/Investment accumulaNon takes Nme
4. We cant depend on others anymore – We are Responsible
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Personal Financial Planning Worksheet 1 What is Your Current Networth
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Personal Financial Planning Worksheet Are You A Profitable Personal (P&L)
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Personal Financial Planning Worksheet How Much Do You Need To Retire On??
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Personal Financial Strategy – 1.0 Keep Your Job
1. Be The P.O.L.I.C.E.
2. P -‐ Perform duty with PASSION
3. O -‐ OUTSTANDING Personality – Personal Branding
4. L – Con6nuous LEARNING and Personal Improvement
5. I – Work with INTERGRITY at all 6mes
6. C – Don’t COMPROMISE on Professional Values and Ethics
7. E – Watch the ENERGY vampires in your life
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Personal Financial Strategy – 2.0 Take Spiritual Insurance
1. Pay your Tithe/Zakat/Giving – 10%
1. Divine protecNon for business and life
2. No lack
3. Blockage of all financial leakages
4. Use the Standing Order from your bank
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Personal Financial Strategy – 3.0 Live below Your Income
1. Spend less than you earn
2. Preserve cash at all Nmes
3. Cut off any liability that is leaking your income 1. Eg cars, mobile
phone, internet 2. EaNng and drinking
out too oien 6/3/15
Personal Financial Strategy – 4.0 Save To Invest 10% of All Income
1. Reasons for Savings 1. As an Emergency fund 2. To invest for future profit
2. Minimum of 3 Months of salary/Monthly Expenses
3. Accumulate 10% off your SALARY periodically in a secured account
4. Use the F.A.S.T. format 1. Standing order at Bank
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Personal Financial Strategy – 5.0 Invest 10% for Future Cash Flow
1. Why Invest? 1. For future free cash flow 2. No need to work for salary
2. Forms of Investment 1. Real Estate 2. Farming
1. Crop farming 2. Animal farming
3. Financial Instruments
4. EducaNon in wards
5. TransportaNon?????
6. Interest/Profit more than or equal to Monthly Expenses 6/3/15
Personal Financial Strategy – 6.0 Take adequate Insurance Cover
1. Insurance have its peculiar challenges – Get educa>on
2. Life cover
3. Property Cover 1. Car, house etc
4. Health Insurance for medical emergencies – Private Insurance
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Personal Financial Strategy – 7.0 Get Educated On Financial Issues
1. There are scammers in the system
2. Get educaNon before you invest
3. Understand before approval to invest
4. Don’t follow the crowd with your money
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In Summary???? 1. Accept Your job as God given to make an impact on
your generaNon
2. Desire to become the best in your field by constantly developing your skills
3. Perform all your duNes with integrity and fairness – the reward will come in many forms
4. Remember one day you will reNre – what provisions are you making now for the future?
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Thank You-‐ Join HiPAG
Isaac Tweneboah-‐Koduah Contacts: 0247 780 -‐ 606 & 050 601 6060
Email: [email protected] 6/3/15