cash flow management presentation slides is an authorised representative of ri advice group pty ltd
Post on 25-Dec-2015
222 Views
Preview:
TRANSCRIPT
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
My Name Financial
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
JV logo
Disclaimer
6
Important Notice
RI Advice Group Pty Ltd, ABN 23 001 774 125, holds Australian Financial Services License Number 238429 and is licensed to provide financial product advice and deal in financial products such as: deposit and payment products, derivatives, life products, managed investment schemes including investor directed portfolio services, securities, superannuation, Retirement Savings Accounts.
The information presented in this seminar is of a general nature only and neither represents nor is intended to be specific advice on any particular matter. RI Advice Group strongly suggests that no person should act specifically on the basis of the information contained herein but should obtain appropriate professional advice based on their own circumstances.
RI Advice Group Pty Ltd | ABN 23 001 774 125 AFSL 238429
Example: David and Sandra
• Inflowo Wages of $125,000 + $72,000o Lump sum inheritance - $15,000o Tax refund - $1,500
• Outflowo Mortgage - $625pf on $200,000 debto Bills - $450pwo Weekly costs – fuel $150, food $500, cash $100o Holidays - $10,000 pa and renovations - $5,000pa
Example: David and Sandra
IN OUT Salary / wages $ 143,916 Bills $ 23,400 Investment $ - Weekly spend $ 39,000
Irregular $ 16,500 Debt repayment $ 16,250
Debt blowouts & savings drawdowns
$ - Investment $ -
Irregular $ 15,000 $ -
TOTAL $ 160,416 TOTAL $ 93,650
Missing cash flow $ 66,766
Example: David and Sandra
What can I do with my money?
Key assumptions
Client name:David & Sandra
David & Sandra’s marginal tax rate 39.00%
Current date 01/04/15
Debt 200,000
rate 5.00% term 25
frequency 26
minimum pmt per period -$539.32 actual pmt 625
additional pmt per period 1000
annual total payments 42,250
Mortgage & investment comparison
Maturity Payments made
Years of payments
Total payments Capital repaid Interest paid
Normal payment schedule 12/05/2034 497 19.12 $310,625 $200,000 $110,625
With extra payments 18/08/2020 140 5.38 $227,500 $200,000 $27,500
Savings 357 13.73 $83,125
This is only $26,000 of the “missing” $66,000
Investing the payments saved
Assumed annual earning rate before tax 9%
Gross value of the 357 payments saved $580,125
Value of the 357 payments of $1625 if invested pre-tax in super over 13.7 years $1,427,111
Value of the 357 payments of $1625 if invested outside super over13.7 years $864,557
Value of 497 payments of $1000 invested pre-tax in super over 19.1 years $1,566,031
Value of 497 payments of $1000 invested outside super 19.1 years $877,501
Example: David and Sandra
Combined Mortgage over 13.7 yrs
Extra $1000 pf over 19.1 yrs
Behaviour and Structure
Acct 1 Acct 2
VISA
AMEX
M/CeSaver
eSaver
WagesDavid’s wages
Sandra’s wages
Holidays
Bills
VISA
Mortgage
Food & FuelCash Wdwl
Irregular
Does this look familiar?
Hub accountOffset
MortgageMortgage
Car loanCar loan
$315 pw + ad hoc
$850 pm
Salary / wagesTax refunds,
Inheritance etc
BillsFloat $1,000
IrregularFloat $100
Weekly (David)Float $1,000
Weekly (Sandra)Float $1,000
$300 pw
$50 pw
$450 pw
DDR & BPay
David debit card
[SAV] [CHQ] [SAV] [CHQ]
$700 pw
Behaviour and Structure
Sandra debit card
Step 1: A sensible structure
The RI cash flow management solution
13
Step 2: Tracking and measuring
Tracking your expenses through RI Moneysoft
Measuring the outcomes of your cash flow plan
The RI cash flow management solution
14
Step 3: Your goals
Buy my first home
Take a few months off work and travel the world
Save for my dream wedding
Have a baby and retain my comfortable lifestyle
Buy a new car
Upgrade my lifestyle
Buy an investment property
Debt consolidation
The RI cash flow management solution
What’s next? Building and protecting what you have
15
Once you have set the foundations for managing your finances you can look at other wealth management strategies including:
•Investment opportunities.
•Your personal protection plan.
•Your retirement plans – even if you are not ready to think about these yet, having a long term strategy will put you ahead of the game.
Build a better lifestyle Protect your family Retirement planning
Disclaimer
16
Important Notice
RI Advice Group Pty Ltd, ABN 23 001 774 125, holds Australian Financial Services Licence Number 238429 and is licensed to provide financial product advice and deal in financial products such as: deposit and payment products, derivatives, life products, managed investment schemes including investor directed portfolio services, securities, superannuation, Retirement Savings Accounts.
The information presented in this seminar is of a general nature only and neither represents nor is intended to be specific advice on any particular matter. RI Advice Group strongly suggests that no person should act specifically on the basis of the information contained herein but should obtain appropriate professional advice based on their own circumstances.
RI Advice Group Pty Ltd | ABN 23 001 774 125 AFSL 238429
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
My Name Financial
Cash flow management presentation slides<Adviser’s Name>
<Adviser name> is an Authorised Representative of RI Advice Group Pty Ltd
JV logo
Disclaimer
22
Important Notice
RI Advice Group Pty Ltd, ABN 23 001 774 125, holds Australian Financial Services License Number 238429 and is licensed to provide financial product advice and deal in financial products such as: deposit and payment products, derivatives, life products, managed investment schemes including investor directed portfolio services, securities, superannuation, Retirement Savings Accounts.
The information presented in this seminar is of a general nature only and neither represents nor is intended to be specific advice on any particular matter. RI Advice Group strongly suggests that no person should act specifically on the basis of the information contained herein but should obtain appropriate professional advice based on their own circumstances.
RI Advice Group Pty Ltd | ABN 23 001 774 125 AFSL 238429
Example: David and Sandra
• Inflowo Wages of $125,000 + $72,000o Lump sum inheritance - $15,000o Tax refund - $1,500
• Outflowo Mortgage - $625pf on $200,000 debto Bills - $450pwo Weekly costs – fuel $150, food $500, cash $100o Holidays - $10,000 pa and renovations - $5,000pa
Example: David and Sandra
IN OUT Salary / wages $ 143,916 Bills $ 23,400 Investment $ - Weekly spend $ 39,000
Irregular $ 16,500 Debt repayment $ 16,250
Debt blowouts & savings drawdowns
$ - Investment $ -
Irregular $ 15,000 $ -
TOTAL $ 160,416 TOTAL $ 93,650
Missing cash flow $ 66,766
Example: David and Sandra
What can I do with my money?
Key assumptions
Client name:David & Sandra
David & Sandra’s marginal tax rate 39.00%
Current date 01/04/15
Debt 200,000
rate 5.00% term 25
frequency 26
minimum pmt per period -$539.32 actual pmt 625
additional pmt per period 1000
annual total payments 42,250
Mortgage & investment comparison
Maturity Payments made
Years of payments
Total payments Capital repaid Interest paid
Normal payment schedule 12/05/2034 497 19.12 $310,625 $200,000 $110,625
With extra payments 18/08/2020 140 5.38 $227,500 $200,000 $27,500
Savings 357 13.73 $83,125
This is only $26,000 of the “missing” $66,000
Behaviour and Structure
Acct 1 Acct 2
VISA
AMEX
M/CeSaver
eSaver
WagesWages1
Wages2
Holidays
Bills
VISA
Mortgage
Food & FuelCash Wdwl
Irregular
Does this feel familiar?
Hub AccountOffset
MortgageMortgage
Car LoanCar Loan
$315 pw + ad hoc
$850 pm
Salary / wagesTax refunds,
Inheritance etc
BillsFloat $1,000
IrregularFloat $100
Weekly (Dad)Float $1,000
Weekly (Mum)Float $1,000
$300 pw
$50 pw
$450 pw
DDR & BPay
Person 1 debit card
[SAV] [CHQ] [SAV] [CHQ]
$700 pw
Behaviour and Structure
Person 2 debit card
Step 1: A sensible structure
The RI cash flow management solution
28
Step 2: Tracking and measuring
Tracking your expenses through RI Moneysoft
Measuring the outcomes of your cash flow plan
The RI cash flow management solution
29
Step 3: Your goals
Pay off the mortgage
Save for private school fees
Boost my super so I can retire
sooner
Buy a new car
Put some money aside for future
grandchildren
Take control of my finances
Understand my cost of living
Debt consolidation
The RI cash flow management solution
What’s next? Growing and protecting what you have
30
Once you have set the foundations for managing your finances you can look at other wealth management strategies including:
•Investment opportunities.
•Your personal protection plan.
•Your retirement plans.
Enjoy what you have Protect your lifestyle Your retirement strategy
top related