IMG Wealth Academy Program

A few of the Mutual Funds (Alpha, Equity Bonds), PDF, MP2, and PSEi yearly performance against inflation for the past 13 years.

Emergency funds. 🚨

I'd like to share a journal of simple Personal Finance Formulas that I learn from IMG Wealth Academy Program. It guides me towards my journey to financial freedom. 👌

1) 10%(Tithes) ➕ 20%(Savings) ➕70% (Wants + Needs) 🟰 Net Income Distribution Formula

2) 72 ➗ Interest rate 🟰 number of years your money will double

3) 100 ➖ Age Rule 🟰 the percentage of your investible funds that goes to equities

4) 6 ✖️ Monthly Expenses 🟰 Emergency Funds

5) 10 ✖️ Term Insurance 🟰 Life insurance coverage

6) 20 ✖️ Annual Income 🟰 Retirement Formula

7) Wealth 🟰 Money ➕
➕ Rate Of Return ➕ Time ➖ Inflation ➖ Debt ➖ Taxes

8) Cashflow 🟰 Income ➖ Expenses

9) Networth 🟰 Assets ➖ Liabilities

Continue the list in the comment if I missed some more that can be helpful to our personal finances. . .
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