financial wellness seminar

8/13/2019 Financial Wellness Seminar

1/31

The Rock Unit

Blue Horizon Branch

FINANCIAL WELLNESS SEMINAR


2/31

2

Objectives

By the end of this program, you will be able to:

Know the different financial priorities and needs at

certain life stages and how it relates to you.

Develop and start your own financial plan

Know about Manulife and the services we offer.


3/31

3

Market data as of January 2011Thomson Reuters

Today we are the LargestLife Insurance in Canada

2ndin North America andAmong the Top 10Largest in the World

for Market Capitalization

Who is Manulife?


4/31

4

Established 1907Wholly owned subsidiary of

Manulife based in Toronto,

Canada

With a dynamic management

team composed of more than

2,200 financial services

experts

Manulife in the Philippines

With 250,000 in force policies of financial protection and

wealth management products


5/31

5

I could leave my

estate to my

family without

them worrying

about the taxes.

I am saving and

investing to enjoy

my future.

I could leave my

family a legacy

when I die insteadof a financial

burden.

I could do the

things I want when I

retire.

I could give my

child the best

education without

having to cram for a

loan.

I could take care

of my family even

when my health

gets impaired.


6/31

6

Living beneath your means is the only route to take to enjoy

a secure and comfortable standard of living throughout your

working and reti rement years. L iving beneath your means

isnt a suggestion. It is an imperative.

Believe You A re More Than Your Wealth

Question:

Are you living beyond or beneath you means?

Do you feel a need to impress others by what you wear?

Do you feel an attachment to material things?


7/31

7

LIFE STAGES IN THE SALARY RAT-RACE.

Age 20 30 40 50 60 70

Commitments

Disposable Income

LeaveSchool

Marry

Buy a house

Start a family

Single Family Retirement

Educate children

Retire

RIP


8/31

8

The Sad fact is

Out of 100 young men at age 25

40 years later

4are independent

5are still working

54are dependent

36are dead

1is Rich

From the recent SSS survey


9/31

9

Only 1 out of 10

children finishes

college1 in every 4 youth is out

of school due to the

high cost of education

On The Issue of Education


10/31

10

Tuition Fee Projections Per Year

SCHOOL SCHOOLYEAR 2012

SCHOOL

YEAR 2018

SCHOOL

YEAR 2024

UST 71 540 143 111 286 279MIRIAM 99 087 198 213 396 506

ASSUMPTION 133 860 267 774 535 656SAN BEDA 101.849 203 739 407 560

DLSU 175 349 350 738 701 679ADMU 143 859 287 776 575 669

* Source: CHED in Q4 2008, as quoted in PDI: Tuition fee Increasing by 12.25%/year

Projected Cost of a Four-Year

Course Starting SY 2024

P 1 373 249P 1 901 985P 2 569 471P 1 955 011P 3 365 866P 2 761 431


11/31

11

On the Issue of Retirement

What if I OUTLIVE my MONEY?

What if I OUTLIVE my DREAMS?

What if I OUTLIVE my PURPOSE?

Who will I be in that next stage of life?

Who can I count on to fund it?


12/31

12

But most are still caught unprepared

nd social health insurance is almost always not enough

Health has always been a major concern because of the cost it entails when someonegets sick.

Living With Impaired Health


13/31

13

Income and Expense

-----------------

Income level

Inc>Exp

----------------------

Expense level

We get older

--------------------

Expense level

EconomicCrisis

--------------------

Income level

The strong & young person that you are today is the only personwho can help the disabled or financially problematic person that

you may be someday.

Would you like me to show you how ?


14/31

14

Estate

Planning

Investments

Savings

Protection

inancial wellness

inancial Growth

Wealth Management


15/31

15

FINANCIAL HEALTH INDICATORS

An overview of the different financial

dispositions of individuals.


16/31

16

Bl issful Willy

I can retire anytime.

Money not a problem.

Managed to acquire

properties and items to

live comfortably.

Future already covered.


17/31

17

Tranquil L iving

I can go on sabbatical

for 6 to 12 months.

Managed to save an

emergency fund.

In case of job loss, money

available may shoulder

needs for several months

(under normalcircumstances).

Risks: getting sick


18/31

18

Just Chi ll ing

I have money to sparefor emergencies.

Stashed some cash for

basic emergencies.

Minimal worries about the

future.

Risks: job loss and

getting sick.


19/31

19

Contented Disposition

Ill be OK until the

next payday.

Expenses = Income.

Risks: job loss,

emergency expenses,

getting sick


20/31

20

Restless Atti tude

Credit card companiesare after me.

Salary wiped out as it

reaches the ATM.

No savings.

Risks: future, job loss,

emergency expenses,

getting sick


21/31

21

6

0FinancialUncertainties

? ? ? ? ?

Critical Illness

Death

Accident/Disability


22/31

22

Emergency Fund

Ideal: 6 months ofmonthlyhouseholdexpenses

Initial goal: 3months

Pay Off Debts

Tally all debts.

List down.

Make a monthlyprogram.


23/31

23

INCOME

LESS

SAVINGS

EQUALS

EXPENSE

BEHAVIOR 3EXPENSE

LESS

INCOME

EQUALS

DEBT

BEHAVIOR 2

INCOME

LESS

EXPENSE

EQUALS

SAVINGS

BEHAVIOR 1

Which one are YOU?

Peoples Behavior on Money


24/31

24

The value of the peso

declines over time due toinflation:

2009 : PhP100,000.002019 : PhP 53,861.51

2029 : PhP 29,010.622039 : PhP 15,625.562049 : PhP 8,416.162059 : PhP 4,533.072069 : PhP 2,441.582079 : PhP 1,162.00

2089 : PhP 625.872099 : PhP 381.51

Assumed inf lat ion rate: 6.0%

The key

objective of

investments is

to maintain /

enhance the

purchasing

power of

money over alonger period

of time.


25/31

25

DIVERSE RANGE OF FINANCIAL INSTRUMENTS

FINANCIAL BASKETSYOU CAN CHOOSE FROM

Our Job is to helpYOU ENVISION YOUR FUTUREand PUT THE

ELEMENTS TO FUND IT.


26/31

26

Life Insurance: A CUSHION FOR TWO POSSIBLE HAZARDS1.DIE TOO SOON

PROVIDES CASH FOR RETIREMENT

COMPLETES FUTURE PLAN

2. LIVE TOO LONG


27/31


28/31

28

Savings and Protection


29/31

29

5 STEPS To Meet Personal GoalsSTEP 1: Know what you wantSTEP 2: Know how much you needSTEP 3: Know where you are now and the options you haveSTEP 4: Prepare and implement a plan NOWSTEP 5: Evaluate your plan

The Next Step:


30/31

30

REMEMBER: Income and Expense

-----------------

Income level

Inc>Exp

----------------------

Expense level

We get older --------------------

Expense level

EconomicCrisis

--------------------

Income level

The strong & young person that you are today is the only person

who can help the disabled or financially problematic person that

you may be someday.


31/31

31

financial wellness seminar

Documents