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Financial Planning & the Kautilyas Financial skills for Executive Secretaries
Survey How good are your financial skills? How comfortable are you with business numbers? How was the lunch today?
Role of Financial Management in the Executive Secretary’s life?
3 Mantras for today Cash flow Compounding Budget
Asset Something that puts money in my pocket… Positive cash
Income This is the cash flow pattern of an asset Expense Assets Liabilities
Liability Something that takes money out of my pocket. Negative cash!!!
Income This is the cash flow pattern of a liability Expense Assets Liabilities
You have a choice what to do with your income Income Expense Assets Liabilities
A wise administrator would strive for an increase of income and a decrease of expenditure – Kautilya in Arthasastra Azhivadhumaavadhumaaghivazhipayakum Oodhiyamumsoozhndhu seyal – Kural 461
Power of Compounding
Vision 2020!!! One plate idli in 2020? Rs 102 Power of compounding
Magic of Compounding Milestone planning Retirement planning
The way forward? - Budget Do you control your budget or does your budget control you? A method of planning
Data + Assumptions = Predictions Schedule your inflows Control your costs
What if priorities change? Priorities/goals might change but they will get accommodated in the budget, that’s why WE NEED A BUDGET!!!!
Parting mantras: Cash is King
Formula for wealthIncome – Savings = Expense
Compounding is magical
I am ready for questions!!!
Financial planning executive_secretaries

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