Dineshrie PillayDineshrie Pillay

Career & Employability Speaker

www.neospectives.com

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� Introduction

� Financial Laws & Principles

� Closing thoughts

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� Exercise

� Current Expenses : R40k

� Ideal Expenses : R80K

� Average : R60k

� Law of 72

Age

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� Introduction

� Financial Laws & Principles

� Closing thoughts

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1. “How do you fill your space?

2. How do you spend your time?

3. How do you spend your energy?

4. How do you spend your money?

5. Where are you most organised?

Where are you most disciplined?6. Where are you most disciplined?

7. What do you think about?

8. What do you visualise about?

9. What do you talk to yourself about?

10. What do you speak about with others?

11. What do you react to?

12. What do you set goals towards?”

“The Heart of Love, Dr John F. Demartini”

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� Start saving, either an:

� Amount you comfortable with or

� 10% of your net monthly income

� Whichever is easier!

� It is not the amount that is important – it is the habit � It is not the amount that is important – it is the habit

of saving.

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� Every month:

� Automatic (no emotion);

� Separate interest yielding account;

� Rules.

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� Keep records.

� Pay attention to your money.

� Balance sheet versus Income Statement Approach3

� “Rich Dad, Poor Dad”

� Know your net worth!

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� Insurance:

� Personal life;

� Disability;

� Assets;

� Medical Aid� Medical Aid

� Business.

� Updated Will.

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Anything than could stop you from reaching your financial objectives is

wise to be addressed.

Insurance can be purchased for almost each obstacle. Though shopping

around is wise you generally get what you pay for.

• Longevity (Adequate Investments)• Longevity (Adequate Investments)

• Premature Death (Life Insurance)

• Disease (Health Insurance)

• Divorce (Relationship / Divorce Insurance)

• Disability (Disability Insurance)

• Liability (Liability insurance)

• Theft (Theft insurance)

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� Keep financial records.

� “Asset Register with Insurance Certificate”

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� “The more you value something the more you will

dread its loss.

� The more pleasure something gives you the more

painful will its loss be.

� The more ‘good’ something is the more ‘bad’ will its � The more ‘good’ something is the more ‘bad’ will its

loss be.”1

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� After every 3 months, increase the amount that you

save, by 10%.1

� Run projections.

� It takes 3 months for something to become a habit.

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� “When you would love to raise your lifestyle raise

your savings.

� Don’t elevate your spending without simultaneously raising

your savings.

� If you cant do the latter don’t yet do the former.”1� If you cant do the latter don’t yet do the former.”

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� 2-3 months of income.

� Manage volatility.

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� Foundation: Low Risk Investments.

� Intermediate: Medium Risk Investments

� Cone: High Risk Investments.

Venture capital: High Risk and

return >13%

Cushion Account; Municiple Bonds: 5-

7%; Mutual Funds: 7-9%

Shares: Blue-Chip Stocks; Mutual

funds spread: 9-11%. Next mid to

large cap stocks: 11-13%

return >13%

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“Your money must work for you by constant reinvesting,

else you will eat the children of your savings.”

The Richest Man in Babylon,

George S. ClasonGeorge S. Clason

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� Associate with like-minded individuals.

� Study the subject.

“If you want to learn how to howl, go hang out with

wolves. But if you want to learn how to fly, associate wolves. But if you want to learn how to fly, associate

with eagles”

Anon

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� Manage your emotions or your emotions will manage

your money.

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� “Saving versus spending:

� When you wake up feeling rich you tend to spend;

� When you wake up feeling poor you tend to save.

� A balance of saving and spending is wisdom.”1

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“Poor Dad used to say ‘I cannot afford it. Rich Dad used

to ask, How can I afford it”

Rich Dad, Poor Dad, Robert T. Kiyosaki

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“When someone gets something for nothing, someone

else gets nothing for something.

Something for something is the law. Something for something is the law.

Nothing for nothing is the law.

Something for nothing is not law.

Man will earn his rewards.”

Dr John F. Demartini

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“In order for a bag full of beans to receive any beans,

It must first give away some beans.

Whenever you try to get something for nothing or try

to give something for nothing you lower your self

worth.”

Dr John F.Demartini

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“Money is nothing more than a tool.

It can be a force for “good” a force for “evil”

Or simply be idle.”

Jim Stovall – The Ultimate Gift

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� Loans:

� Do not loan money if you are not a bank.

� Donations:

� Anonymous;

� Causes that inspire;� Causes that inspire;

� Not in conflict with your savings plan.

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� Don’t give your money away to an individual or

company that has less than you do.

� Anyone who does not know how to manage money,

usually has it taken away and give to those who do.

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� “Spending path:

� Bills

� Lifestyle expenses

� Taxes

� Save� Save

� Savings path

� Save;

� Taxes;

� Lifestyle expenses and

� Bills”

“How to make one hell of a profit and still get to heaven,

Dr John F. Demartini”

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� Look after your money.

� Give thanks everyday.

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� Know your net worth.

� Have a filing system in place.

� Regularly monitor.

� Money is like employees working for you! You need to

keep them in motion!keep them in motion!

� Make a list of all the things you would love to do with

your money.

� Set aside a budget and stick to it!

� Give thanks for all that you have - every day!

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� Introduction

� Financial Laws & Principles

� Closing thoughts

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“When visualising the amount of money you intend to

accumulate, close your eyes, and see yourself

rendering the service, or delivering the merchandise rendering the service, or delivering the merchandise

you intend to give in return for this money.”

Think and grow rich, Napolean Hill

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“If you wish to grow immense wealth, you first need to

have a purpose for the money that is bigger than your

immediate needs.

If you can list 100 general reasons why money should

come into your hands and 100 specific benefits and

uses that you will have for the wealth, then you have

a higher probability of attracting it into your life.”

Dr John F. Demartini

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1. How to make one hell of a profit and still get to

heaven – Dr John F. Demartini

2. The Heart of love – Dr John F. Demartini

3. Rich Dad, Poor Dad – Robert T. Kiyosaki

The Richest Man in Babylon – George S. Clason4. The Richest Man in Babylon – George S. Clason