FINANCIAL PLANNING and

MANAGEMENT WORKSHOP
THE FOUR (4) POINTS YOU NEED TO KNOW:
1. KNOW WHAT YOU WANT
Do you plan to do something special with your life?
KNOW the reason WHY you go into business. What difference can
you make to the people you care -kids, spouse, parents, etc.?
Have a clear goal, at a specific time. How much money do you
want to make? How soon you want to be financially independent?
Imagine if a travel agent asks you where and when you want to travel,
And your answer is: Any destination is ok and any time is fine with me.
Its your life. Be specific on WHAT you want & WHEN do you want to achieve it.
2. KNOWLEDGE Know what you have
Know the IMG Business Model, the concepts, the system, the products and
services.

Understand and run the system.

Know how to build and motivate. Know your people. Know your clients.
3. KNOW YOURSELF Do you have what it takes to win?
Know your weaknesses (procrastination, fear of rejection, shyness, etc.) and conquer
them.

Know your strengths (positive attitude, mental toughness, perseverance, etc.) and improve
them.

Know the price you have to pay the sacrifices youre willing to make, in order
for you to win! Determine exactly what you intend to give in return for the income
you desire. There is no such thing as something for free. Know what it will take
for you to win.
4. KNOW THAT YOURE GOING TO WIN
If you dont, you might as well quit now!
Know your enemy and know yourself. You can fight a hundred battles and win a
hundred of them. --SUN TZU
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 FINANCIAL PLANNING & MANAGEMENT
WORKSHEET
1. What are your top 10 reasons WHY you join IMG?
Whats your urgent need to achieve at this
moment?
In order of priority:
Priority # Goals: Priority # Goals:
_____ Pay off debts _____ Fund parents retirement
_____ House & Lot _____ Good education for children
_____ Church/Charity _____ Retire young, at age _____
_____ Travels _____ ______________________
_____ Car _____ ______________________
2. Exact amount of money you want to earn and
time frame:
Have a clear goal, at a specific time. How much money do you
want to make and how soon do you want to achieve it?
1 Year 2 Years 5 Years 10 Years
P_____per month P____ per month P____per month P_____per month

3. Net savings you desire and time frame:

5 Years 10 Years 15 Years 20 Years 25 Years 30 Years 35 Years
______ _______ _______ _______ _______ _______ ______

How much can you afford to save See Result

each month at present? = P ___________ Table 1

How much do you need to save each Reference:

month to meet your goal? = P ___________ Table 1

BALANCE = P ________

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TABLE 1
Monthly Interest 5 Years 10 Years 15 Years 20 Years 25 Years 30 Years 35 Years
Savings
P1,000 4% 66,300 147,250 246,090 366,770 514,130 694,050 913,730
8% 72,940 180,120 337,610 569,000 908,990 1,408,550 2,142,570
10% 76,560 199,860 398,440 718,260 1,233,320 2,062,840 3,398,790
12% 80,340 221,930 471,460 911,210 1,686,210 3,052,010 5,459,030
P2,000 4% 132,600 294,500 492,180 733,550 1,028,260 1,388,100 1,827,460
8% 145,890 360,250 675,210 1,138,000 1,817,980 2,817,100 4,285,140
10% 153,120 399,730 796,890 1,436,520 2,466,650 4,125,690 6,797,580
12% 160,680 443,860 942,920 1,822,420 3,372,410 6,104,030 10,918,060
P3,000 4% 198,900 441,750 738,270 1,100,320 1,542,390 2,082,150 2,741,190
8% 218,830 540,370 1,012,820 1,707,000 2,726,970 4,225,650 6,427,700
10% 229,680 599,590 1,195,330 2,154,780 3,699,970 6,188,530 10,196,370
12% 241,020 665,790 1,414,370 2,733,630 5,058,620 9,156,040 16,377,090
P4,000 4% 265,200 589,000 984,360 1,467,100 2,056,520 2,776,200 3,654,920
8% 291,780 720,500 1,350,430 2,276,000 3,635,960 5,634,200 8,570,270
10% 306,240 799,460 1,593,780 2,873,040 4,933,300 8,251,370 13,595,160
12% 321,370 887,720 1,885,830 3,644,840 6,744,830 12,208,050 21,836,130
P5,000 4% 331,490 736,250 1,230,450 1,833,870 2,570,650 3,470,250 4,568,650
8% 364,720 900,620 1,688,030 2,845,000 4,544,950 7,042,750 10,712,840
10% 382,810 999,320 1,992,220 3,591,300 6,166,620 10,314,220 16,993,960
12% 401,710 1,109,650 2,357,290 4,556,060 8,431,030 15,260,070 27,295,160
P7,000 4% 464,090 1,030,750 1,722,630 2,567,420 3,598,910 4,858,350 6,396,120
8% 510,610 1,260,870 2,363,240 3,982,990 6,362,940 9,859,850 14,997,970
10% 535,930 1,399,050 2,789,110 5,027,810 8,633,270 14,439,900 23,791,540
12% 562,390 1,553,510 3,300,200 6,378,480 11,803,450 21,364,090 38,213,220
P10,000 4% 662,990 1,472,500 2,460,900 3,667,750 5,141,300 6,940,490 9,137,310
8% 729,450 1,801,240 3,376,060 5,689,990 9,089,910 14,085,510 21,425,680
10% 765,610 1,998,640 3,984,440 7,182,590 12,333,250 20,628,430 33,987,910
12% 803,410 2,219,300 4,714,580 9,112,110 16,862,070 30,520,130 54,590,320
P20,000 4% 1,325,960 2,945,000 4,921,800 7,335,500 10,282,600 13,880,980 18,274,620
8% 1,458,880 3,602,480 6,752,120 11,379,980 18,179,820 28,171,020 42,851,360
10% 1,531,240 3,997,280 7,968,880 14,365,180 24,666,500 41,256,860 67,975,820
12% 1,606,840 4,438,600 9,429,160 18,224,220 33,724,140 61,040,260 109,180,640
P50,000 4% 3,314,900 7,362,500 12,304,500 18,338,700 25,706,500 34,702,500 45,686,500
8% 3,647,200 9,006,200 16,880,300 28,450,000 45,449,500 70,427,500 107,128,400
10% 3,828,100 999,3200 19,922,200 35,913,000 61,666,200 103,142,200 169,939,600
12% 4,017,100 11,096,500 23,572,900 45,560,600 84,310,300 152,600,700 272,951,600
Your Age

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4. What you will give in return for this
GOAL?
Know the price you have to pay!
What are the things you are willing to CHANGE
to achieve your goal?
What are the things you are willing to sacrifice?
Can you use your spare time?
How much time are you willing to spend to work
on your goals?
# of
Day From - To Remarks
Hours

Monday _____ _____ - _____ _____________

Tuesday _____ _____ - _____ _____________

Wednesday _____ _____ - _____ _____________

Thursday _____ _____ - _____ _____________

Friday _____ _____ - _____ _____________

Saturday _____ _____ - _____ _____________

Sunday _____ _____ - _____ _____________

5. Your Time Frame:

Definite date when you will achieve your goal:
_____________

6. Definite DATE you begin to ACT on your PLAN:

______________

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 Create Your Personal Financial Strategy
Build a Solid Financial Foundation -- Complete the 6 Steps!
Step 1: INCREASE Current Income Goal Income When? Plan

CASH FLOW
(Form 01)

Step 2 : MANAGE Current Debt/Loans Goal: Pay off Debt When? Plan

DEBT
(Form 02)

Step 3: CREATE Current Goal When? Plan

EMERGENCY Income/month x 6
=
FUND
Responsibilities Amount When? Plan
Step 4: H - Health =
ENSURE I - Income =
PROPER D - Debts =
PROTECTION E - Education =
(Form 04-A, Form 04-B) TOTAL =
Less: Current Insurance =
Insurance =
NEED
Step 5 : Current Goal When? Plan

BUILD LONG-TERM
ACCUMULATION OF
PASSIVE INCOME
(Income Producing
Assets)
(Form 05-A, Form 05-B)

Step 6: PRESERVE Current Amount You Need When? Plan

YOUR ESTATE
(Form 06)
The IMG Financial Strategy is a needs analysis that is based on information obtained from sources believed to be complete & accurate.

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Form 01 Statement of INCOME &
EXPENSES
Record & review monthly income & expenses. Discipline yourself to live within your budget plan.
EXPENSES: Month of ___________ BUDGET ACTUAL EXPENSES
BASIC EXPENSES
Household - food, groceries, snacks, bath &
cleaning items, etc.
Job or Business-Related Expenses: Rentals, meals,
promos, conventions, etc.
House rental
Electricity, Water, Cable TV
Landline & Mobile phone, Internet
Maintenance/repair -car, aircon, appliances, etc.
Transportation FX/taxi/bus fare, gas for car, etc.
Medicine, food supplement, etc.
Shoes, clothes, personal care, etc.
Salaries for house helpers, driver, etc.
Others
EDUCATION
Tuition, books, allowance, projects, etc.
Others
DEBT/LOAN PAYMENTS
Housing loan, Car loan
Credit Cards, Bank loan, Appliance loan
Others
INSURANCE PAYMENTS
Life insurance, Healthcare, etc.
Fire & Car Insurance, Business Insurance
Others
INVESTMENTS
Long-Term Healthcare, Pension plans, etc.
Mutual Funds, UITF, Stocks, etc.
Others
OPTIONAL EXPENSES
Travels, dining out, movies, party, games, etc.
Magazines, books, gifts, DVD, etc.
Others
TOTAL EXPENSES1 =
MONTHLY INCOME
Income from job, business, etc.
Other Income
TOTAL INCOME2 =

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TOTAL SAVINGS (Deficit) Total Income1 - Total
Expenses2

SMALL CHANGE IS BIG MONEY

MONTHLY ANNUAL
ITEM COST COST COST
Ave.=P10 per 10 transactions per 100 1,200
ATM FEES transaction month

SOFTDRINKS P20/can 2 can per day 1,200 14,400

Credit Card Renewal P2,000/year 3 cards --- 6,000

Fee
Coffee P30/cup 2 cups per day 1,800 21,600

Lotto Tickets P20/ticket 1 ticket per day 600 7,200

Movie Tickets P100/ticket 10 tickets/month 1,000 12,000

Dining Outside P1,000/meal 4 per month 4,000 48,000

Cigarette

Pedicure
Hair expenses, other than
haircut color, straight, curl
Magazine

Cellphone load

Internet

If you invested in 12%, in 2028 itd be worth = P_________

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You couldve used it for ___________________________________________

Form 02 A STRATEGY FOR ESCAPING THE GRIP OF

DEBT

Nothing can ruin your financial dreams faster than excessive, high-
interest debts. The first step is to accept that it wont be easy, but
with a consistent, focused strategy, you can find your way out of
debt. Start your debt consolidation and elimination program now.
Prioritize payment on higher interest loans/debt.
See your creditors regularly. Assure them that you will not run
away from your obligations. Negotiate to reduce interest.
If your income is smaller than your expenses, work to make
more money instead of borrowing.
Manage your others loans before applying for a housing loan.
Avail of a lower interest debt and pay the higher interest debt.
Company or
Kind of Loan Amount Interest
Person
Housing Loan
Car Loan
Credit Card
Salary Loan
Appliance Loan
Bank Loan
Coop Loan
P.O.
SSS/GSIS Loan
Personal Loan
Others:
_______________
_______________

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 _______________
TOTAL

Form 04-A
How much INSURANCE is enough
to properly protect your family?

Less: Less:
The HIDE Amount Insurance- Savings & INSURANCE
Method in-Force3 Investmen You Need
t 2

Health & Medical ________ ________ ________ ________

Needs

Income Replacement ________ ________ ________ ________

Debts/Loans ________ ________ ________ ________

Education ________ ________ ________ ________

Total ________ ________ ________ ________

Do you want to provide your family total protection or part only?
Whats your priority?
Health & Medical Needs
Income Protection (Annual Income x 10) Income replacement
Debts/Loans Debts to be paid off
Education To ensure college education of your children (Drop out rate = 88%)
*Minimum cost of college education per child: Manila=P50T/sem, Cebu=P40T/sem, Other Cities=P30T/sem
Your Savings & AMOUNT Insurance-In-Force3 AMOUNT
Investments2
Mutual Funds
- Stocks/Equity Fund
- Balanced Fund
- Peso Bond Fund
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 - Dollar
- Euro
UITF Stocks Bonds
Bank Savings, TDs, CDs etc.
Others
-
-
Total Savings & Total Insurance-In-
Investments2 Force3

Form 04-B Financial Check up and Analysis

Responsibility Savings/Investment

Big Big Savings

Responsibility No Responsibility
No Savings

You Work Hard Money Working

for the Money Hard for You

Less Secure Financial Freedom

Savings/Investment Responsibility

Stage 1 Stage 2 Stage 3 Stage 4

Check Your Financial Situation --Stage 1, 2, 3 or 4?From

Form 4-A:

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 Responsibility Line: Your Responsibility1 = _____________
Savings/Investment Line: Your Savings/Investment2 = _____________
Stage 1: BIG Responsibility, No or Little Savings/Investment
Stage 2: Responsibility is bigger than Savings/Investment
Stage 3: Savings/Investment is bigger than Responsibility but not enough
Stage 4: Big Savings/Investment, NO Responsibility

Form 05-A Monitor the size of your PASSIVE

INCOME

Sources of Passive Income Total Passive Income

(Income Producing Assets) Value/Amount Per Year
1. Interest Income from Investments
Mutual Funds
- Stocks/Equity Fund
- Balanced Fund
- Peso Bond Fund
- Dollar
- Euro
UITF
Stocks
Bonds
Bank Accounts, etc.
- Savings
- Time Deposits
- CDs
Other Investments
-
-
2. Maturity Income
Long-Term Healthcare
Pre-Need Pension Plans
Investments in Insurance
Company Provided Pension
Pension from SSS, GSIS, etc.
Others -
-
-
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 3. Royalty Income from businesses/outlets
4. Rentals Income: Buildings, Apartments, etc.
5. Continuing Income: Renewals, etc.
6. Others
-
-
TOTAL
If you lost your income today, how many years can you survive?

Form 05-B Statement of ASSETS & LIABILITIES, As of _____________

Regularly Check your Financial Condition - Monitor Your Net
Worth
ASSETS Amount
1. Personal Properties
House and Lot (Present market value of your house and lot)
Car (Present market value of your car)
Jewelry (Appraisal value of your jewelries)
Furniture, Appliances, Computer, etc. (Present market value of your furniture, appliances, etc.)
Others (Present market value of your other personal properties)
2. Savings and Investments
Cash on hand (Cash you have)
Cash in bank (Savings and checking account, time deposits, UITF, etc.)
Receivables (Loans you have given to others youre sure you can collect)
Mutual Funds (Investments in mutual funds stocks/equities, bond fund, etc.)
Stocks (Investments in stocks)
Educational plan (Cash surrender value of Educational plan)
Memorial/Life plan (Cash surrender value of Memorial plan)
Life Insurance (Cash surrender value of Life Insurance)
Others (Other investments)
3. Retirement Savings
Pension fund investment (Maturity value of pension fund investments)
Long-Term healthcare investment (Maturity value of long term healthcare investments)
Others (Maturity value of investments for retirement)
TOTAL ASSETS
LIABILITIES
4. Debt/Loan
Housing loan (Total amount of any housing loan still to be paid)
Credit card bill (Total amount of credit card bill still to be paid)
Car loan (Total amount of any car loan still to be paid)
Bank loans (Total amount of any bank loan still to be paid)
Appliance loan (Total amount of any appliance loan still to be paid)

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 Other loans (Total amount of any other loan still to be paid)
Payables for utilities (Telephone, electricity, water that have already been used)
5. Investment debt
Pension fund premiums payable (Total amount of premiums payable for pension fund investment)
Long-Term healthcare premiums (Total amount of premiums payable for long term healthcare inv.)
Others (Other premiums payable for investments for retirement)
TOTAL LIABILITIES
Your NET WORTH (Total ASSETS minus Total LIABILITIES)

Form 06
Know How to PRESERVE Your
ESTATE:
Do you want to make sure your children will inherit your estate?

Compute the total worth of your Estate = P_______________

Compute the Amount of Estate Tax = P_______________

Rate of Estate Tax

Of excess
Over Not Over Tax Plus
over
200,000 Exempt
200,000 500,000 0 5% 200,000
500,000 2,000,000 15,000 8% 500,000
2,000,000 5,000,000 135,000 11% 2,000,000
5,000,000 10,000,000 465,000 15% 5,000,000
10,000,000 --- 1,215,000 20% 10,000,000
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 Whats your option to preserve/protect your
estate?

INVESTMENT or INSURANCE?
1 = 1 1 = 100
10 = 10 10 = 1,000
10,000 = 10,000 100 = 10,000
100,000 = 100,000 1,000 = 100,000
1,000,000 = 1,000,000 10,000 = 1,000,000

TABLE 1
Monthly
Interest 5 Years 10 Years 15 Years 20 Years 25 Years 30 Years 35 Years
Savings
P1,000 4% 66,300 147,250 246,090 366,770 514,130 694,050 913,730
8% 72,940 180,120 337,610 569,000 908,990 1,408,550 2,142,570
10% 76,560 199,860 398,440 718,260 1,233,320 2,062,840 3,398,790
12% 80,340 221,930 471,460 911,210 1,686,210 3,052,010 5,459,030
P2,000 4% 132,600 294,500 492,180 733,550 1,028,260 1,388,100 1,827,460
8% 145,890 360,250 675,210 1,138,000 1,817,980 2,817,100 4,285,140
10% 153,120 399,730 796,890 1,436,520 2,466,650 4,125,690 6,797,580
12% 160,680 443,860 942,920 1,822,420 3,372,410 6,104,030 10,918,060
P3,000 4% 198,900 441,750 738,270 1,100,320 1,542,390 2,082,150 2,741,190
8% 218,830 540,370 1,012,820 1,707,000 2,726,970 4,225,650 6,427,700
10% 229,680 599,590 1,195,330 2,154,780 3,699,970 6,188,530 10,196,370
12% 241,020 665,790 1,414,370 2,733,630 5,058,620 9,156,040 16,377,090
P4,000 4% 265,200 589,000 984,360 1,467,100 2,056,520 2,776,200 3,654,920
8% 291,780 720,500 1,350,430 2,276,000 3,635,960 5,634,200 8,570,270
10% 306,240 799,460 1,593,780 2,873,040 4,933,300 8,251,370 13,595,160
12% 321,370 887,720 1,885,830 3,644,840 6,744,830 12,208,050 21,836,130
P5,000 4% 331,490 736,250 1,230,450 1,833,870 2,570,650 3,470,250 4,568,650
8% 364,720 900,620 1,688,030 2,845,000 4,544,950 7,042,750 10,712,840
10% 382,810 999,320 1,992,220 3,591,300 6,166,620 10,314,220 16,993,960
12% 401,710 1,109,650 2,357,290 4,556,060 8,431,030 15,260,070 27,295,160
P7,000 4% 464,090 1,030,750 1,722,630 2,567,420 3,598,910 4,858,350 6,396,120
8% 510,610 1,260,870 2,363,240 3,982,990 6,362,940 9,859,850 14,997,970
10% 535,930 1,399,050 2,789,110 5,027,810 8,633,270 14,439,900 23,791,540
12% 562,390 1,553,510 3,300,200 6,378,480 11,803,450 21,364,090 38,213,220
P10,000 4% 662,990 1,472,500 2,460,900 3,667,750 5,141,300 6,940,490 9,137,310
8% 729,450 1,801,240 3,376,060 5,689,990 9,089,910 14,085,510 21,425,680
10% 765,610 1,998,640 3,984,440 7,182,590 12,333,250 20,628,430 33,987,910
12% 803,410 2,219,300 4,714,580 9,112,110 16,862,070 30,520,130 54,590,320

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P20,000 4% 1,325,960 2,945,000 4,921,800 7,335,500 10,282,600 13,880,980 18,274,620
8% 1,458,880 3,602,480 6,752,120 11,379,980 18,179,820 28,171,020 42,851,360
10% 1,531,240 3,997,280 7,968,880 14,365,180 24,666,500 41,256,860 67,975,820
12% 1,606,840 4,438,600 9,429,160 18,224,220 33,724,140 61,040,260 109,180,640
P50,000 4% 3,314,900 7,362,500 12,304,500 18,338,700 25,706,500 34,702,500 45,686,500
8% 3,647,200 9,006,200 16,880,300 28,450,000 45,449,500 70,427,500 107,128,400
10% 3,828,100 999,3200 19,922,200 35,913,000 61,666,200 103,142,200 169,939,600
12% 4,017,100 11,096,500 23,572,900 45,560,600 84,310,300 152,600,700 272,951,600
Your Age

FINANCIAL PLANNING and

MANAGEMENT WORKSHEET
Financial Check up, Financial Analysis, Create a Strategy for
Escaping the Grip of Debt, Needs Analysis, Building a Solid
Financial Foundation, Create Your Personal Financial Strategy, etc.

Statement of INCOME and EXPENSES

Form 01
Record & review monthly income & expenses. Discipline
yourself to live within your budget plan

Form 02 Create a Strategy for Escaping the Grip of Debt

Form 04-A How much is enough to properly protect your

family?
Your Responsibilities = 10 to 20 x Annual Income or HIDE Method

Form 04-B Financial Check up and Analysis

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Form 05-A CHECK the size of your Income Producing ASSETS
(Passive Income)

Statement of ASSETS & LIABILITIES

Form 05-B
Monitor Your Net Worth

Form 06 How to Preserve Your ESTATE

Form 04-A How much insurance is enough to properly protect your family?

Your Responsibility = 10 x Annual Income

Your Responsibility 1 = Annual Income x 10 ________ Responsibility Line

=
Less: Insurance-in-Force2 = ________
Savings &
Less: Savings & Investments3 = ________ Investments Line

INSURANCE You Need = _________

Or, Use The HIDE Method

Health = _________ For future healthcare, medical needs, etc.

Income, Annual Income x 10 = _________ LOI Living on Interest

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 Debts/Loans = _________ Outstanding debts & loans
Cost of 4-year course College Education per child:
E ducation _ = _________ Manila=P500T; Cebu=P400T; Other Cities=P300T

Your Responsibility1 = _________ Responsibility Line (X-Curve)

Less: Insurance-in-Force2 = _________
Less: Savings & Investments3 = _________ Savings & Investments Line (X-Curve)
INSURANCE You Need __________
=

Your Savings & AMOUNT Insurance-In-Force AMOUNT

Investments
Mutual Funds
- Stocks/Equity Fund
- Balanced Fund
- Peso Bond Fund
- Dollar
- Euro
UITF
Stocks
Bonds
Bank Accounts, etc.
- Savings
- Time Deposits
- CDs
Other Investments

Total Savings & Total Insurance-In-

Investments Force

Form 04-B Financial Check up and Analysis

17
Responsibility Savings/Investment

Big Responsibility Big Savings

No or Little Savings No
Responsibility
You Work Hard Money Working
for the Money Hard for You

Less Secure Financial

Freedom

Savings/Investment Responsibility

Stage 1 Stage 2 Stage 3

Check Your Financial Situation --Stage 1, 2 or 3?

From Form 4-A:

Responsibility Line:
Your Responsibility1 = _____________
Savings/Investment Line:
Your Savings/Investment3 = _____________

Stage 1: Big Responsibility, No or Little Savings/Investment

Stage 2: Responsibility is about equivalent to Savings/Investment
Stage 3: Big Savings/Investment, NO Responsibility

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