Professional Documents
Culture Documents
Financial
Management
Bringing It
All Together
How do we create a
financial plan?
Define financial
planning
Structure of a sound
financial plan
Commit to action
Who can help?
Protecting
Financial
Security
Speculation
Financial Goals
& Priorities
Protecting
Financial
Security
Financial Goals
& Priorities
Protecting
Financial
Security
Pharaoh's dream
Genesis 41:25-36:
...seven cows, fat and sleek came up out of the Nile;
and they grazed in the marsh grass, seven other
cows came up after them, poor and very ugly and
gaunt; and the lean and ugly cows ate up the first
seven fat cows. Yet when they had devoured them, it
could not be detected that they had devoured them;
for they were just as ugly as before.I saw also in my
dream seven ears, full and good, came up on a single
stalk; and lo, seven ears, withered, thin, and scorched
by the east wind, sprouted up after them; and the thin
ears swallowed the seven good ears.
Risk Management
Savings and
Investments for
Retirement Goals,
Education, etc.
Life insurance
Financial protection for:
Your family and loved ones
Can supplement lost income
Provide funding for childs
education
Debt relief mortgage, credit
cards
Money for funeral and final
expenses and taxes
Over 70,000
heart attacks
in Canada
each year
73,000 died
of Heart
Disease and
Stroke in
2003
We are survivors!
Sources: Statistics Canada; Canadian Cancer Society; Heart and Stroke Foundation of Canada
Financial Goals
& Priorities
Protecting
Financial
Security
Wealth creation
The Power of Time
The Power of Compounding
The Importance of Rate of Return
72 / % Interest
or
Investor B invests
$1,000/year from age 50 to
65?
Retirement savings
Most people begin their career with the hope
of a good retirement. However by age 65:
Source National Council of Welfare, Canada Customs and Revenue Agency, 2001
Commit to action
Concrete steps for action
Set goals spiritual and practical
Assess current situation
Develop action plans
Put your plan into action
Track your progress
Celebrate your successes
Want to go deeper?
To review or start your plan
consider FaithLife Financial
Go Green - www.faithlifefinancial.ca