TAIT Knowledge series on 14th July, 2016

TAIT Knowledge series organized its workshop for the exciting session on Financial Life Planning & Stress Management on Thursday 14th July, 2016 at Hotel Krishna Palace, Grant Road, Mumbai from 6:30 pm onwards.

The session on Financial Life Planning was conducted by Mrs. Shilpa Wagh, SEBI Registered Investment Advisor. The session was about how to set financial goals and what are the options for making such investments.

Why Financial Planning?? We are challenged with…

• Job / Business insecurity
• Nuclear family
• Materialistic mind set
• EMI trap
• Stressed life
• Increased medical costs
• Incresed Life Expectancy

• Self-actualization
• Esteem
• Love / belonging
• Safety
• Physiological

Financial Freedom

• Estate Planning
• Retirement Planning
• Goal Based Planning
• Risk Planning
• Contingency Planning

Financial Life Planning … What ?

• Financial Planning is an on-going process to help you make sensible decisions about money that can help you achieve your goals in life?
• It’s not just about buying products like a policy, a pension or a mutual fund.

Your Financial Journey starts here …

1. Introspect

• Study your Cash flow requirements
• Consolidate data on your Assets and Liabilities
• Prepare the complete list of Goals and Transitions in your life
• Estimate the cost involved for each goal in today’s term

2. Analyse?

• Calculated future cost of goal based on inflation
• Map current assets to goals
• Find GAP between required and provided amount
• Plan investment opportunities and products based on risk appetite, time horizon

3. Implement

4. Monitor

Choose the right Financial Advisor … Your CheckList ….

Qualification & Experience

• Certified Financial Planner CFP
• NISM level 1 and 2
• Certified Wealth Manager CWM

Revenue Model

• Commission Based
• Fee Based
• Fee ONLY

Regulation

SEBI Investment Advisor Regulation, 2013

• Registered Investment Advisor (RIA)
• Only RIAs are licensed to charge FEES for financial advisory services

SHILPA WAGH
MCA, CFP
SEBI Registered Investment Advisor
C : WAGH FINANCIALS
W : www.waghfinancials.com
@ : Shilpa@waghfinancials.com
m : 98205 35236

Stress Management
The second session was about Stress Management conducted by Mrs. Hemali Mehta. She stated the main reasons behind stress which are as follows

• Peer pressure
• 90%pressure
• Strained relationship

Stress results in

• 80% disease is due to stress
• Cancer
• Leukaemia
• Emotional/Chemical structure
• Depression
• High blood pressure
• Hair loss

Is all stress bad?

• Increases efficiency
• Affects relationship

Identifying Stressors

• Situations
• Relations
• Competition – avoid changes
• Have no realistic goals
• Emotional, Psychological self-need to balance

One can take inspiration from SAMSUNG’s story as they knew what is the right time to change and when to change. As they changed from grocery shop business – to- selling noodles- to- sugar selling- insurance & securities.

How to manage stress?

• Yoga
• Exercise
• Having “me” time
• Hobby

Benefit of stress Management

“Positivity influences positivity.”

Indicator of poor time management

• Frequent delays in attending meeting
• Time stealers
• Procrastination
• Poor planning
• Crisis management
• Wrong attitude
• Negative attitude
• Unnecessary meetings, unwanted use of wifi/internet
• Lack of specific goals

Interesting facts & figures

• 80% stress is manageable
• One hour of planning will save your 7 hours
• Keeping account of people
• Learn to delegate
• Get away from procrastination

"Failing to plan is planning to fail.”

Key Takeaways

• Write down the things to do “PRIORITIES”
• Efficiency in doing right things
• Enjoy time

FEEDBACK / QUOTES BY THE MEMBERS

• Mr. Narayan singh Rathod from Mahadev Computers said “The session on stress management was enlightening as we face stress in our day to day life.”
• Mr.Dipesh Jain from, Options said “The tips and suggestions of speaker were insightful for planning investments and useful indeed!”