a book of life
TRANSCRIPT
A Book of Life
Make your own Book fromthis Template and Explanation
Terms and Conditions• Every person that reads this should only take into account that this is an example
that falls into the master system of life. • Costing can be covered by Financing and loans. Homes, businesses, companies
and vehicles can be bought by first settling a deposit and then paying the remaining amount over a period of time or can pay full amount up front.
• Taxes are mandatory throughout salaries of life and some self-employed individuals may benefit from having an accountant.
• Following these guidelines will result in proven success.• Expanding on these guidelines can prove well whereas always maintain overall
guideline of life. Money spent unnecessarily is an unfortunate outcome. Count into the thousands and then maintain thousands.
• Always make a plan for yourself, and enjoy where you spend your money. Be confident and idolise those that wish well and enjoy life.
• Expel friends if they interfere with overall path, do try them with an attempt to follow the plans in this booklet.
• I wish each and everyone the best of luck. Provide this simple outline as a mandate.
Contents• Expenses of Life
• Saving, Making & Investing Money• Life Savings and Cost Estimate of 18 year old UK Citizen
• Factors from Graph to Consider• Financing
• Helpful websites/Applications• Life Growth Plan e.g. Dental BDS
• Life Choices and Careers• Life Savings and Cost Estimate of 36 year old UK Citizen
Expenses of Life• Education/Child’s Education
– Cost of Tuition, Cost of Living, Cost of Expenses• Car
– MOT, Road Tax, Car Insurance, Service, Petrol– Car Financing
• Food , Drink & Accessories– Clothes, Hygiene, Fashion, Phones.
• Entertainment– Movies, Bowling, Sports, Diners, Holidays, Ceremonies.
• Home/Health – Mortgage/Investment, Rent, Housing– Utilities – Gas, Light, Water, Phone– Furniture and Home Essentials.– Medicine, Optics, Dentist, Health Insurance
• Investments/Savings– Home, Education, Charities, Health and Exercise, Trusts, Wills and Next of Kin,
Global Business Improvement, Public and Private Investors, (Aviation, Telecoms, BP).
Saving, Making & Investing Money• Initially parents would provide for their young.• Or the young would work AND later they would marry to save more money.
• The young should build their credentials by– 1/3 Current Checking Account (Overall these two would fluctuate due to Expenses)– 2/3 Savings Account. (The Checking Account may require 2/3 start up money).
• Money should be saved to £3000, Meaning Current account at £9,000 before investing in an ISA account for fixed term. And later £45,000 Current Account to £115,000 in Savings.– Person should live three/five years to receive a return and then invest again or use for living
costs.– Money should again be saved to £3000+.
• Government Taxes, Retirement fund, Pensions (65 + years old).– To control flow of good work and educate people that the government invests in. Students
are to become specialist in their fields, once they earn money they pay what it would have cost the people to train them in higher taxes.
– All individuals that work pay taxes for their future and for other peoples’ work and living. Taxes also go to the government to help with developing the mainland.
– Pensions (from previous work) are received after a certain age of sixty-five and people to live healthy promised to them by assistance with the NHS or health insurance. Businesses/People can invest in the medical field, like researchers who develop medicines, and make money.
Life Savings and Cost Estimate for an 18 Year Old UK Citizen
Factors from Graph to Consider• Five Areas of which to only spend money.• Each Area is divided by the margin of 1/3 Credit/Financed as my Current
Account and 2/3 in my Savings/Investments Account.• Depending on expenses and life circumstances the ratio can begin 2/3 to
1/3. But the aim is to convert your money to savings. • Savings can go into buying a house. • The Savings and Cost Equilibrium can be moved during time, for example
education costs finished can become investment savings by working.• Follow Progression of Total Produced Chart.• Now only Savings likely to change on daily basis• A part-time job to a full time job can boost credentials.• Explore the art of learning and life to improve business and socialism.
– By business I mean numbers & and by life I mean having a good friends and family list.
Financing• Definition: To secure payment of product over a set
period of time where interest (money) is charged for borrowing.
– Loans/Student Loans– Loans you pay back with more interest.– Student Loans you pay back after a set value of money earned.
– There’s low interest on student loans. – Mortgages – deposits can lower interest charged.
– Mortgages are investments that can be sold with possible more.– Car and Furniture Credit (no interest) Financing.
– Look for 0% APR.
Helpful Websites/Applications• These websites should be looked into even though the person has no
regard on buying from them. They are a useful tool to share with one another. – HM Revenue & Customs www.hmrc.gov.uk – Your local Council. For e.g. Brent Council– Schools and Global Education– Higher Education Registration UK - www.ucas.com– Department of Education - www.tda.gov.uk– Atlas - www.google.com/maps– An online bank account for e.g. Barclays – www.barclays.co.uk– Estate Agents – Location Consideration– Travel Agents – Single, Double, Package, Tour, Investment– Career Progression Searches – Dental - www.gdc-uk.org– International Bodies of Government for Travel Guidelines
www.london.usembassy.gov , www.hcilondon.in– Prospects - www.prospects.ac.uk
Life Growth Plan e.g. Dental BDSBuild own chart to retirement or
potential retirement (70 years old)Year Tuition and Living Cost Rewards/Loans Year Living Costs
19 11,000 3.875 31 Buy House (Investment)20 13,000 3,875 32 with Partner21 13,000 3,875 33 Grow Children22 13,000 3,875 34 Invest Back from 23 13,000 3,875 35 last property24 4,000 30,000 Vocational Training Year 36 Child Education25 Rent or Investment Plan 35,000 Taxes to be paid on 37 Investment26 Buy a property or Rent 45,000 Salary. Income Tax 38 Enjoy Diners/Holidays27 Buy Value 45,000 and NI contributions 39 Cont. Specialise28 165,000 60,000 Life Contributions 40 350,00029 Specialise / Married 60,000 30% IT and 10% NI 41 Work, Fund Family30 Holidays Inbetween 60,000 Loan Paid Back In Full 42 Buy Dental Practices
Keep inspiration people in your life:• Steve Jobs – Apple CEO (first)• Martin Luther King Jr.• Mohamed Ali (Boxer)• Mahatma Gandhi• Rocky (fiction)• Margaret Thatcher/Barak Obama• DreamWorks Studios• Business Women• Richard Branson• Friends and Family• (Expel of those that confuse or into
illegal trafficking)• Believe in self discipline then in any
deities. (I’m too young for that).
• Ying-Yang: Light = Life, Black = Peace
Life Choices and Careers• Above example in today’s age is not
possible for everyone, but then again everyone has different tastes and desires.
• Initial financing and parental guidance is a must for child’s progression.
• Most people start small and work hard to gain bigger. They place into interest and ISA accounts for more money.
• Casual wear: Shoes, pants, shirts, jackets. (Working wear: add tie).
• Red Stuff: Donate to bring education closer to each and everyone always re-invest back into the people to insure further development.
• Savings used to invest in a home or business investments.
Life Savings and Costs Estimate for a 36 year old UK Citizen
Note: once a cost has been established working towards saving towards it makes that reward even that much more greater. 90% by 40 years. 150% by five more years after that.
GOOD LUCK! Sandeep Patel
