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Fïñåńčîäł Cøäčhíñg by Mind Map: Fïñåńčîäł Cøäčhíñg
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Fïñåńčîäł Cøäčhíñg

Financial Health Check!

Financial Ratio

Cash flow ratio

Balance sheet ratio

Budgetting

Set up spending priorities

Allocate your income

Evaluate what you spend

Pay yourself first

Risk management

Factors

Internal, Ability, Willingness

External, Frequency, Severity

Techniques

Avoid?

Reduce?

Accept?

Transfer?

Investment

Strategy

Tactical

Strategic

Constant-weighted

Integrated asset allocation

Dynamic

$1 to $2

Rule 72

The silence killer

Inflation

TÎMË

Tax

Inflation

Mistake

Emergency fund

Wealth Building

Investment, Saving, Income

Is an ÄRT

Amount

Risk-Reward

Time

Economic

Finanical market, Good, Stagnant, Bad

When to Exit

When original objective is met

When you need the money

Rebalance to meet the changing needs

When investment is a poor choice

Cut loss to prevent loss

When investment underperformed

When market condition change

When you are near your goal

Saving

Education Planning

Age to Matriculation

Which University?

Current cost?

Inflation?

Other concerns

Funding Options

Pay yourself first

Save first?

Spend first?

GOAL

3 steps

Where are you NOW?

Where are you heading to?

How to achieve it?

S.M.A.R.T.

Specific

Measurable

Achievable

Realistic

Time

financial objectives

Wealth maintenance

Wealth accumulation

Wealth protection

Wealth enhancment

Wealth distribution

Estate planning

Solution

Preserve

Protect

Perpetuate

Issues

Conflicts

Cost

Confusion

Challenges

Defer

Decrease

Dump

For more details

Want More ideas?

Have a chat with Chew Hock Beng

+65 9389 7915

or eMail

Debt Management

Tenure

Medium

Short

Long

Interest rate

Fixed

Flexible

Repayment

Fixed

Extra

"Knock Off"

Economic

Rising

Sideway

Descending

Cash Flow

INflow

OUTflow

Net Worth

Assets

Liquid

Invested

Personal

Liabilities

Short

Long

MIND.Desire.SELF.

Own it

Psychological

Emotional muscle

Plan it

LR Brainer

Visionary

Do it

Finanical muslce

Tools

DISC Profile

TQ

Resource Center

CHB Resource Data & Info Tech

Service modeling

Right Mindset

Service deliverables

Value proposition

Work system

Embrace technology