Financial Supply Chain Why do you need to know? June 2011 Benjamin Lam.
Why do you need financial plan
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Transcript of Why do you need financial plan
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Why do you need a financial plan?
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The changing socio-economic environment makes it mandatory
for everyone to have a sound financial plan.
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A strong financial plan will make sure that you are financially prepared to deal with unexpected events and a stormy market.
I have told you already that you
should have a strong financial plan!
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Regular financial planning can help give us peace of mind and protect us from unforeseen, unfavorable situations.
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Budgeting
Cutting Expenses
Getting Out of Debt
Saving for Retirement
Insurance
Financial planning covers a wide variety of money topics including :
More details
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Since time is limited, I just focus on the budget topic in this powerpoint!
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Creating a budget may not sound like the most exciting thing in the world to do, but it is vital in keeping your financial house in order.
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Before you begin to create your budget it is important to realize that in order to be successful you have to provide as much detailed information as possible.
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The end result will be able to show where your money is coming from, how much is there and where it is all going.
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More information, click here.
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Saving for tomorrow, tomorrow
Interesting video related to
the topic
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MORE Tips to IMPROVE your VOCABULARY
•Creating flashcards with the new words you have learned. Why not try it now? My example
Anymore ideas? Share with us! \\^_^//
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No. Words Definitions
1 fi·nan·cial adj. relating to money or how money is managed
2 man·da·to·ry adj. describes something that must be done, or is demanded by law
3 in·sur·ance n. a contract where you pay a little money at a time so you can be compensated later, especially in the case of a disaster
4 un·ex·pect·ed adj. without warning or announcement
5 ex·pense n. something that makes you spend money
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No. Words Definitions
6 re·tire·ment n. the period in someone's life after they have stopped working because they reached a particular age
7 de·tailed
adj. giving a lot of information with many details
8 pos·si·ble
adj. able to be done or achieved, or able to exist
9 sound adj. secure, restful and uninterrupted
10 un·fa·vor·a·ble
adj. negative and showing that you do not like something
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adj. relating to money or how money is managedfinancial
If you are short on cash, you might say
you have a financial proplem.
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adj. describes something that must be done, or is demanded by lawmandatory
A mandatory action is
something that is required,
obligatory, or compulsory. Like letting your Great Aunt Edna pinch
your cheeks.
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n. a contract where you pay a little money at a time so you can be compensated later, especially in the case of a disaster
insurance
Many people consider insurance
to be making a kind of bet that bad things will
happen: that's a good bet to make, because nobody is
lucky forever.
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adj. without warning or announcementunexpected
Well, a fancy love story! This
really is an unexpected
couple!
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n. something that makes you spend moneyexpense
We went on holiday at my
father's expense.
It is me who paid
for it!
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n. the period in someone's life after they have stopped working because they reached a particular age
retirement
No way, I'm still full of energy. I want to keep working. If I didn't love what I do, I'd stay busy doing something
else.
Have you ever considered
taking a retirement?
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adj. giving a lot of information with many detailsdetailed
A witness gave a detailed description
of the man.
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You can use possible to talk about anything that might happen. possible
If you work really hard for a
test, and you show you know the material, it’s
possible that you’ll get an A.
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Sound can also mean "solid or good." Sound advice is good advice.sound
Sound investments are
secure.
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adj. negative and showing that you do not like somethingunfavorable
He always talks about her in an unfavourable
way.
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Explanations of the words : Longman dictionarywww.Vocabulary.comhttp://dictionary.cambridge.orgPronunciations:http://dictionary.cambridge.org/
Pictures : from websEdit: ThanhContact Informations: *Skype: iotantt (Thanh)*Mail: [email protected]
Sources
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