financial roadmap
TRANSCRIPT
Welcome to Financial Roadmap
2017ABIODUN BABALOLA
Financial RoadmapOrganising
Analysis
Setting Goals
Implementing
ReviewingABIODUN BABALOLA
365 Days
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MODULE ONE
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What is my current Financial Situation?
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My Financial Situation
Current Income Saving Debt Investment Risk Donation/
Charity Dependence
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How much did
your earn in
2016?ABIODUN BABALOLA
MODULE 2
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Evaluating Current Financial Plan
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Estimate the amount the passed through your hand in 2016
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Practice Smart Spending in 2017
Spend in line with BudgetTrack ExpensesDon’t Succumb to Impulse
Spending
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My Annual Income Is ?My Annual Expenses Is?My Annual Saving Is?My Annual Saving + Annual Income?My Target Saving Is
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Module3
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SettingFinancial Goal
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The Wheel of Life
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IncomeInvestmentPropertiesBusinessRetirement
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To set a specific SMART goal, answer the six “W” questions:
1. Who: Who is involved?2. What: What do I want to accomplish?3. Where: Identify a location.4. When: Establish a time frame.5. Which: Identify the requirements and constraints.6. Why: Provide specific reasons for accomplishing the goal ABIODUN BABALOLA
How much do you want earn/make in 2017
How much do you want have in Investment
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Investment Categories
Stocks Fixed Income
Commodity
Mutual Fund CD Bitcoin
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Before you make Choice
Your Stage in lifeYour Risk ToleranceAvailability of liquidity
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The Game of Money
45 – 55 : 3rd Quarter55– 65 : 4th Quarter
25 – 35 : 1st Quarter35 – 45 : 2nd Quarter
Half Time
Overtime ABIODUN BABALOLA
Assets put money in
your pocket. Liabilities
take money from your
pocket.
Module 4
Implementation Thinking is easy, acting is difficult and to put one’s thought into action is the most difficult
thing in the world Johann Wolfgang
Questions?
What would you do if you receive a cheque for the amount you have set as goal?What impact would it make in your family and community?If you were longer required to work, how would you spend your time?
ACTION PLANIdentify the highest priority
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Module 5
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Ask Question Using KPI
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Am I making progress? Where am I in the implementation
plan? Is it working or not working?
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