Aug 17 2020 37 mins
Pamilya at Pinansyal Podcast: Steps in Building Solid Financial Foundation | Episode 1.
These are very simplified steps that serve as guidelines in securing your future.
Podcast Chapters:
- 0:00 Podcast intro.
- 1:24 Intro to video podcast chapters.
- 2:35 Sharon Cuneta on having health care.
- 3:32 Difficulties not starting to build the financial foundation.
- 4:14 Korina Sanchez on poverty.
- 4:38 Reasons why you stop building the financial foundation.
- 6:54 An analogy comparing between building a house and building a solid financial foundation.
- 8:12 1st Step: Discipline to increase cash flow.
- 10:20 First way: Discipline to increase cash flow: REDUCE EXPENSES.
- 13:03 REDUCE EXPENSES by monitoring using Financial Statements.
- 16:11 Boy Abunda on having family protection: income replacement
- 16:28 Correct Saving Formula: INCOME - SAVINGS = EXPENSES
- 18:03 Second way: Discipline to increase cash flow: CREATE ADDITIONAL INCOME.
- 22:52 2nd Steps: HEALTHCARE & PROTECTION | Family Protection|Income Replacement.
- 26:16 3rd Steps: MANAGE YOUR DEBT
- 27:10 4th Steps: CREATE EMERGENCY FUND
- 28:16 5th Steps: BUILD LONG TERM INVESTMENT
- 29:26 What is PASSIVE INCOME?
- 30:59 6th Steps: PRESERVE YOUR ESTATE
- 35:08 The most important check-up: FINANCIALCHECK-UP
- 35:56 Pamilya at PInansyal Podcast wrap-up.
- 37:21 Next Podcast Episode 2: Detailed concept of increasing cash flow.