Attitude towards personal finance
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Transcript of Attitude towards personal finance
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3 Common Cases of Wrong Attitude
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Attitude towards Personal Finance
3 Common Cases of Wrong Attitude
Total Focus on More & More
Income
Investing Without Properly
Understanding the Investments
Primary Focus on Investment Products
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Attitude towards Personal Finance
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1) Many people are seen to have their total
focus on more & more income.
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Benefits of Planning Investments
With planned investment, you create passive income along with active income in few years.
You stop running after money and start living life king-size.
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Attitude towards Personal Finance
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Right Course
a) Begin writing down your expenses,
b) Track these on continuous basis, and check the cash
flows,
c) Then go ahead planning investments properly.
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Attitude towards Personal Finance
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2) Many people invest without properly
understanding the investments. They have
a fascination for specific asset classes.
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Wrong Products Purchased Hit Hard
Life needs & goals
Wrong financial products
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Attitude towards Personal Finance
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Right Course
a) Understand the basic features of investment products,
b) Select the ones suitable for meeting your requirements.
c) The investments should be diversified.
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Attitude towards Personal Finance
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3) Many people primarily focus on investment
products.
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Attitude towards Personal Finance
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Right Course
Primary focus should be on – fulfilling your financial goals.
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Some Basics That You Take Care of, When You Focus on Achieving Your Financial Goals
Adequate insurance covers
Effect of inflation on expenses
Risk profiling
Asset allocation Risk diversification
in investments
Investments as per time-horizons of
goals
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Attitude towards Personal Finance
The Right Courses
Begin writing down your expenses, track these continuously, and check the cash flows. Then go ahead planning
investments properly.
Understand the basic features of investment products, and select the ones suitable for meeting your requirements. The
investments should be diversified.
Primary focus should be on – fulfilling your financial goals.
www.FinlifeCare.com 12
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