STATUS Single Married

AGE Below 30 30-40 40-50

# OF CHILDREN AGES OF CHILDREN:
ARE YOU Employed Self-employed Business Owner
PERSONNAL CHALLENGES
Are you suffering from financial losses as a result of the recent economic downturn?
Answer:
Are you concerned about any of the following:
Too many bills or debts?
Answer:
Lack of savings or investments for retirement or kids' college education?
Answer:
Not having enough protection in the case of disability, long term illness or even death?
Answer:
Do you carry any significant financial responsibilities with growing children or aging parents?
Answer:
Are you concerned about the future of your job or career?
Answer:
Do you feel that financial terms such as investments, insurance, debt, inflation, and tax are difficult to understand?
Answer:
Do you think there is a large number of people in our country who struggle financially and need help to improve their financial situation?
Answer:
If you were to choose, what would you rather have?
Answer:
What is your ideal retirement age?
years old
FINANCIAL SOLUTIONS:
Do you want to learn more about how money works and how to build a stronger financial future?
Answer:
Are you interested in making more money and increasing your cash flow?
Answer:
Select --
Do you want to explore a new business career in the fast growing financial industry?
Above 50
Do you feel that financial terms such as investments, insurance, debt, inflation, and tax are difficult to understand?
Do you think there is a large number of people in our country who struggle financially and need help to improve their financial situation?
Form 01 Statement of INCOME and EXPENSES
BUDGET ACTUAL EXPENSES
MONTHLY INCOME
Income from job, business, etc.
Other income
TOTAL MONTHLY INCOME
Tithes (10%)
SAVINGS/INVESTMENTS
Long-term Healthcare, Pension Plans, etc.
Mutual Funds, UITF, Stocks, etc.
Others
TOTAL SAVINGS
BASIC EXPENSES
Household - food, groceries, etc.
Job-Related Expenses: meals, snacks, etc.
Electricity, Water, Cable TV
Landline & Mobile Phone, Internet
Transportation, car repair, gas, E-pass, etc
Medicine, food supplement, etc
Shoes, clothes, personal care, etc
Salaries for househelper, driver, etc
Others
EDUCATION
Tuition, books, allowance, projects, etc
School Service
Others
DEBT/LOAN PAYMENTS
Housing Loan
Car Loan
SSS/GSIS/PAG-IBIG Loans
Others
INSURANCE PAYMENTS
Life Insurance, Healthcare, etc
Fire & Car Insurance, Business Insurance
Others
OPTIONAL EXPENSES
Travels, dining out, movies, etc
Magazines, books, gifts, etc.
Others
TOTAL MONTHLY EXPENSES
TOTAL CASH FLOW
PROSPERITY FORMULA (PAY YOURSELF FIRST) = INCOME - TITHES (10%) - SAVINGS (20%) = EXPENSES (70%)
Live within the 70% of your income..
If you are not able to save/invest 20% of your income, then you need to seek additional income stream
to increase your CASHFLOW!
MONTHLY EXPENSES
Record & review monthly income & expenses. Discipline yourself to live within your budget plan
INCREASE CASH FLOW!
@12%
P per month
@4%
P per month
1. Long-term Healthcare
2. Retirement Savings
3. College Education
Child 1: Age_______
Child 2: Age_______
Child 3: Age_______
Child 4: Age_______
4. Retire Wife
Replace Wife's income
5. Support Parent's
Healthcare
6. Pay Off Debts
7. Travels
8. House & Lot
9. Car
10. Others -
MONEY YOU NEED TO SAVE PER MONTH
Poor man plans for the present. Rich man plans for the future!
KNOW WHAT YOU
WANT
Top 10 Reasons
Be Specific
MONEY
YOU
NEED
TIME
FRAME
KNOW HOW TO GET
WHAT YOU WANT
MONEY YOU NEED TO SAVE
EACH MONTH
EXISTING CASH FLOW
DELTA (+/-)
Can you achieve what you want with what you have now?
Is your present income enough? Do you need to increase your cash flow?
Vision without action is daydreaming. Action without vision is a nighmare!
Form 05-B Statement of ASSETS & LIABILITIES, As of _______________________
ASSETS Amount
1. Personal Properties
House and Lot (Present market value of your house & lot)
Car (Present market value of your car)
Jewelry (Appraisal value of your jewelry)
Furniture, Appliances, Computer, etc (Present market value of appliances)
Others (Present market value of your other personal properties)
2. Savings & Investments
Cash on hand (Cash you have)
Cash in Bank (Savings & Checking account, time deposits, UITF, etc.)
Receivables (Loans you have given to others - you're sure you can collect)
Mutual Funds (Investments in Mutual Funds, stock 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 car loan still to be paid)
Bank Loan (Total amount of bank loan still to be paid)
Appliance Loan (Total amount of any appliance loan still to be paid)
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 investment)
Others (Other premiums payable for retirement investments)
TOTAL LIABILITIES
Your NET WORTH (Total ASSETS minus Total LIABILITIES)
If you lost your income today, how many years can you survive?
NET WORTH/ANNUAL INCOME = # OF YEARS YOU WILL SURVIVE WITHOUT WORKING
Form 02 How much insurance is enough to properly protect your family?
The HIDEE Method
Your
Responsibility
Amount
Less:
Insurance-
in-Force
Less:
Investments
INSURANCE/
INVESTMENTS
You Need
Health ___________ _______________ ______________ ____________________
Income Protection ___________ _______________ ______________ ____________________
Debts/Loans ___________ _______________ ______________ ____________________
Estate Tax ___________ _______________ ______________ ____________________
Education
___________ _______________ ______________ ____________________
Total ___________ _______________ ______________ ____________________
Do you want to provide your family total protection or part only? What's your priority?
Health - To fund your family's healthcare & medical needs - present & future
Income Protection (Annual income x 10) - Income replacement in case of death of the breadwinner
Debts/Loans - To pay-off breadwinner's debts & loans in case of his death
Estate Tax - To ensure your estate will go to your children
Education - To ensure college education of your children (Drop out rate = 88%)
*Minimum cost of college education per child: Manila = 50T/sem; Cebu=40T/sem; Other cities = 30T/sem
Your Savings & Investments Amount Insurance-In-Force AMOUNT
Mutual Funds
- Stocks/Equity Fund
- Balanced Fund
- Peso Bond Fund
- Dollar
- Euro
UITF
Stocks
Bank Accounts, etc
- Savings
- Time Deposits
- Current Deposits
Others
Total Savings & Investments Total Insurance-In-Force
9/14/20142:57 AM
Form 02 A STRATEGY FOR ESCAPING THE GRIP OF DEBT
Kind of Loan Company or Person Balance Interest
Housing Loan
Housing Loan
Housing Loan - Condo
Credit Card
Credit Card
Credit Card
Credit Card
Credit Card
Credit Card
Credit Card
Credit Card
Credit Card
Coop Loan
Car Loan
SSS Loan
GSIS Loan
PAG-IBIG Loan
TOTAL -
Prioritize payment on higher interest loans/debt.
Try to eliminate your other loans & debt before applying for a housing loan
Avail of a lower interest debt and pay the higher interest debt
Control your debt, else debt will control you!
When do you want to payoff debt?
Nothing can ruin your financial dreams faster than excessive, high interest debts.
The first step is to accept that it won't be easy, but with a consistent, focused
strategy, you can find your way out of debt. Start your debt consolidation and
elimination program now.
Current Income Goal Income When? Plan
Current Debts/Loans Goal: Pay Off Debt When? Plan
Current Goal When? Plan
Income/month x 6
=
Responsibilities Amount When? Plan
H - Health =
I - Income =
D - Debts =
E - Education
=
Total =
Less: Current Insurance =
Insurance Need =
Current Goal When? Plan
Current Amount You Need When? Plan
The IMG Financial Strategy is a needs analysis that is based on information obtained from sources believed to be complete & accurate.
Create Your Personal Financial Strategy
Six Steps to Financial Independence Building a Solid Financial Solution
Step 2: MANAGE
DEBT
(Form 02)

Step 1: INCREASE
CASH FLOW
(Form 01)
Step 3: CREATE
EMERGENCY
FUND



Step 4: ENSURE
PROPER
PROTECTION

(Form 04-A, Form 04-B)

Step 5:
BUILD LONG-TERM
ACCUMULATION OF
PASSIVE INCOME
(Income Producing Assets)
(Form 05-A; Form 05-B)
Step 6: PRESERVE
YOUR
ESTATE
(Form 06)

1. What are the GOALS you commit to achieve at this moment?
In order of priority
Priority # Goals How Much? Priority # Goals
________ Pay off Debts ________ Fund parent's retirement
________ House & Lot ________ Good education for children
________ Church/Charity ________ Retire young, at age
________ Travels ________ ______________________
________ Car ________ ______________________
2. Net savings you desire & time frame:
5 Years 10 Years 15 Years 20 Years 25 Years 30 Years 35 Years
__________ __________ __________ __________ __________ __________ __________
=P___________
=P___________
BALANCE =P___________
3. Exact amount of money you want to earn & time frame:

SPECIFIC ACTIONS TO TAKE: WHEN:
1.
2.
3.
4.
5.
INCREASE YOUR CASH FLOW!!
INCREASE CASH FLOW?
P_______per month
10 Years 1 Year 2 Years 5 Years
P_______per month P_______per month P_______per month
FINANCIAL PLANNING & MANAGEMENT WORKSHEET
How Much?
EACH MONTH TO MEET YOUR GOAL?
Reference:
Wealth Calculator
What's your plan to
Have a CLEAR GOAL
Be SPECIFIC on WHAT you want & WHEN you want to achieve it
HOW MUCH CAN YOU AFFORD TO SAVE
EACH MONTH AT PRESENT?
HOW MUCH DO YOU NEED TO SAVE