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INTRO
WHATS YOUR NAME?
WHAT DO YOU DO?
DEBT
GOOD / BAD?
2. IMPULSE
3. CHILDHOOD CONDITIONING
4. EASY CREDIT
HOW MANY OF YOU KNOW HOW MUCH YOU SPEND YEARLY ON:
ACCOMODATION / UTILITIES FOOD & CLOTHING TRANSPORTATION ENTERTAINMENT
COFFEE
3 TYPES of MONEY
WEALTH IS
INCOME?
POSESSIONS? REAL ESTATE?
SALARY?
CARS?
IF YOUR INCOME STOPPED TODAY! How Long Could You Maintain Your Current Standard of Living?
WEALTH FORMULA
Calculation
A.A.W.
Monthly 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 Yearly 60,000 120,000 180,000 240,000 300,000 360,000 420,000 480,000 540,000 Age 35 36 37 38 39 40 41 42 43 A.A.W. 210,000 432,000 666,000 912,000 1,170,000 1,440,000 1,722,000 2,016,000 2,322,000
THE MIRACLE OF
COMPOUNDING INTEREST
RULE OF 72 Interest
Divide 72 by the interest rate 72 / 2% = 36 Means Your Money (In The Bank) Will Double in 36 Years
RULE OF 72 Inflation
Divide 72 by the Inflation rate 72 / 6% = 12 Means Your Cost of living Will Double every 12 Years
COST OF LIVING
Monthly Cost Of Living 5,000/-
In 12 Years It Will Be 10,000/In 24 Years It Will Be 20,00/In 36 Years (When Your Money In The Bank Doubles) It Will Be 40,00/- pm
WHAT IS RETIREMENT?
RETIREMENT
Are you are saving for retirement?
RETIREMENT FACTS
You Are Going To Live To Around 80+ If You Retire At 60 What Are You Going To Live On For 20 Years?
TODAY
80 Yrs +
A HARVARD STUDY OUTLINES, WHAT IT LOOKS LIKE FOR THE MAJORITY OF PEOPLE.
At Retirement Age
1% 54% 4% 5% 24% Rich Independent Working Dead Dead broke Govt. Charity
12%
STUDY CONTINUED
Out of the last 5 heres what youll find.
1% are entertainers
9% are Inventers 16% are Doctors / Lawyers 74% are Business Owners
3 TYPES OF INCOME
ASSETS LIABILITIES
GOALS
WHAT WOULD IT BE WORTH TO YOU TO KNOW HOW YOU CAN GET OUT OF AND STAY OUT OF DEBT?
AS A LIFE COACH I NORMALLY CHARGE Dhs 500\- p.h. AS A ONE TIME ONLY OFFER TODAY Dhs 350/- p.h.
3. REDUCE EXPENSES
and make a profit
1. FINANCIAL INDEPENDENCE
2. PRACTICE FRUGALITY
1. PAY YOUR-SELF ?
2. START WITH 1%
4. DELAY SPENDING
10 second rule
6. WEDGE FORMULA
Save 50% of your increase
NO STATUS QUO
DO FEWER THINGS
Get better at what you do.
1. Clear Written Goals 2. Do A Financial Analysis 3. Draw up a Monthly / Yearly Budget 4. Reduce Your Expenditure 5. Pay Your-Self First 6. Practice Wedge Formula 7. Open Financial Freedom Account 8. Dedicate Your-Self To Life Long Learning 9. Visualise Your-Self As Debt Free 10. Be Persistent And Consistent