Fïñåńčîäł Cøäčhíñg

Handle financial concerns, illustrate analogy & concept to provide financial solutions.

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Fïñåńčîäł Cøäčhíñg by Mind Map: Fïñåńčîäł Cøäčhíñg

1. Financial Health Check!

1.1. Financial Ratio

1.1.1. Cash flow ratio

1.1.2. Balance sheet ratio

1.2. Budgetting

1.2.1. Set up spending priorities

1.2.2. Allocate your income

1.2.3. Evaluate what you spend

1.2.4. Pay yourself first

2. Risk management

2.1. Factors

2.1.1. Internal

2.1.1.1. Ability

2.1.1.2. Willingness

2.1.2. External

2.1.2.1. Frequency

2.1.2.2. Severity

2.2. Techniques

2.2.1. Avoid?

2.2.2. Reduce?

2.2.3. Accept?

2.2.4. Transfer?

3. Investment

3.1. Strategy

3.1.1. Tactical

3.1.2. Strategic

3.1.3. Constant-weighted

3.1.4. Integrated asset allocation

3.1.5. Dynamic

3.2. $1 to $2

3.2.1. Rule 72

3.3. The silence killer

3.3.1. Inflation

3.4. TÎMË

3.4.1. Tax

3.4.2. Inflation

3.4.3. Mistake

3.4.4. Emergency fund

3.5. Wealth Building

3.5.1. Investment

3.5.1.1. Saving

3.5.1.1.1. Income

3.6. Is an ÄRT

3.6.1. Amount

3.6.2. Risk-Reward

3.6.3. Time

3.7. Economic

3.7.1. Finanical market

3.7.1.1. Good

3.7.1.2. Stagnant

3.7.1.3. Bad

3.8. When to Exit

3.8.1. When original objective is met

3.8.2. When you need the money

3.8.3. Rebalance to meet the changing needs

3.8.4. When investment is a poor choice

3.8.5. Cut loss to prevent loss

3.8.6. When investment underperformed

3.8.7. When market condition change

3.8.8. When you are near your goal

4. Saving

4.1. Education Planning

4.1.1. Age to Matriculation

4.1.2. Which University?

4.1.3. Current cost?

4.1.4. Inflation?

4.1.5. Other concerns

4.1.6. Funding Options

4.2. Pay yourself first

4.2.1. Save first?

4.2.2. Spend first?

5. GOAL

5.1. 3 steps

5.1.1. Where are you NOW?

5.1.2. Where are you heading to?

5.1.3. How to achieve it?

5.2. S.M.A.R.T.

5.2.1. Specific

5.2.2. Measurable

5.2.3. Achievable

5.2.4. Realistic

5.2.5. Time

5.3. financial objectives

5.3.1. Wealth maintenance

5.3.2. Wealth accumulation

5.3.3. Wealth protection

5.3.4. Wealth enhancment

5.3.5. Wealth distribution

6. Estate planning

6.1. Solution

6.1.1. Preserve

6.1.2. Protect

6.1.3. Perpetuate

6.2. Issues

6.2.1. Conflicts

6.2.2. Cost

6.2.3. Confusion

6.3. Challenges

6.3.1. Defer

6.3.2. Decrease

6.3.3. Dump

7. For more details

7.1. Want More ideas?

7.2. Have a chat with Chew Hock Beng

7.3. +65 9389 7915

7.4. or eMail

8. Debt Management

8.1. Tenure

8.1.1. Medium

8.1.2. Short

8.1.3. Long

8.2. Interest rate

8.2.1. Fixed

8.2.2. Flexible

8.3. Repayment

8.3.1. Fixed

8.3.2. Extra

8.3.3. "Knock Off"

8.4. Economic

8.4.1. Rising

8.4.2. Sideway

8.4.3. Descending

9. Cash Flow

9.1. INflow

9.2. OUTflow

10. Net Worth

10.1. Assets

10.1.1. Liquid

10.1.2. Invested

10.1.3. Personal

10.2. Liabilities

10.2.1. Short

10.2.2. Long

11. MIND.Desire.SELF.

11.1. Own it

11.1.1. Psychological

11.1.2. Emotional muscle

11.2. Plan it

11.2.1. LR Brainer

11.2.2. Visionary

11.3. Do it

11.3.1. Finanical muslce

11.4. Tools

11.4.1. DISC Profile

11.4.2. TQ

12. Resource Center

12.1. CHB Resource Data & Info Tech

13. Service modeling

13.1. Right Mindset

13.2. Service deliverables

13.3. Value proposition

13.4. Work system

13.4.1. Embrace technology