Steps in Building Solid Financial Foundation Podcast Episode 1 | Season 2

Pamilya at Pinansyal

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.

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