All about finance in Single Slide Earn More

1. Enhance Skills2. Monetise Hobbies3. Income from Investments4. Save Tax

Invest Monthly1. Short term Aspirations (Mobile, Gadgets,

Festivals, India Travel) -10% of Net Income in NPS – Tier II

2. Tax Savings (Long Term) –Rs 2,00,000 for Tax Saving – EPF, ELSS, NPS

3. Other Needs (Medium Term) 10 % of Net Income in Investment which you like

1. Down payment for home2. Vechile, Vacation Abroad, Big Family

Functions

Spend Less1. Insurance Premium (Less than 5% of Net

Income)1. Life Insurance (6 times Net Income)2. Accident Insurance (6 times Net Income)3. Health Insurance (Upto Rs 5 Lakh Sum

Assured)4. Critical Insurance (Age > 35, 20 Lakhs,

Sum Assured)5. Motor Insurance (depending on vehicle)

2. EMI or Rent3. Food & Clothing4. Bills5. Unplanned Expenses

Borrow Rightly (EMI to be Max 25% of Net Income)

1. Home2. Education

Financial Wellness enhancement Program

• All about finance in one slide

• Understand Finance quickly and use Wellness Assessment Tool at

www.imoneyplant.com to take decisions

• Set Priority for next 30 days

• Take your Financial wellness to next level

Know Decide Act

Prepare yourself for the program

1. Register for the program

2. Check your wellness www.imoneyplant.com

3. Think through your priorities

4. Attend the program

5. Take decisions

6. Act in 30 days

Choose 3 Actions you want to get done in next 30 days

Issues Actions

Cash Flow 1. Reduce Tax outflow2. Reduce Discretionary/Impulse Spending3. Reduce EMI4. Reduce Insurance Expenses5. Create Emergency Fund

Loans 1. Get rid of Loans where interest rate is more than 12%2. Take Right Home loan to build wealth and reduce tax3. Bring down EMI to 25% of Monthly Income4. Switch all loans to appreciating Assets5. Get prepared to take a home loan in near future

Adequate Family Protection

1. From Loss of Income2. From damages to vehicle3. From Hospital Expenses

Risks in investments 1. Minimize Risks from investments2. Minimize Tax from Investments3. Minimize Brokerages and commissions from Investments4. Eliminate Investments which give below inflation returns5. Automate Investments to get better performance6. Convert Idle Investments (Savings A/c, Matured PPF/NSC/ LIC/ FD’s to give returns

Choose 3 Actions you want to get done in next 30 days

Issues Actions

Get more from property and other assets

1. Increase Income from all assets2. Eliminate under utilized assets and replace with better assets

Compliance and Documentation

1. Address pending Tax query2. Prepare Over due Tax returns3. Demat Insurance Policies for benefit of family4. Nominate all Assets5. Prepare WILL6. Give complete Financial Status details to Spouse

Choose only 3 priority items – Get it solved and move on to next

Most of the above can be achieved in 30 days