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.
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.