3 Minutes
Starting Blocks
Future workout is as much about how confident you feel about your financial situation as how your financial situation looks on paper.
By starting with financial basics, we’ll give you the confidence to manage both the planned and the unplanned. So even if something unexpected turns up, you’ll have the financial know-how to deal with it. And maybe even turn it into a positive.
Here’s why Olympic Champion in Javelin, Thomas Röhler, thinks managing your future training is as important as your physical training.
Why future workout matters
Whether you like it or not, managing your finances is a day-to-day reality. But – whisper it quietly – once you master the basics, it can really open up your possibilities in life. Perhaps:
· Short-term dreams – starting a business, becoming an athlete or becoming debt-free
· Long-term goals – saving for a house, education, retirement
· Looking after others – family, friends, those in need
· Staying safe from financial fraud
Preparing a plan helps you set expectations and stay accountable so that you stay on course to achieve the seemingly impossible. So whether it’s getting to that lifetime goal, getting a better handle on your spending, or planning for retirement, after taking this course you should be in a better place to secure your financial future.
Let’s start at the beginning.
Deep dive and learn
-
Chapter 1
-
Chapter 2
-
Chapter 3
Deep dive material
Explore the module content in further detail by reading through the Starting Blocks PDF. Increasing the difficulty of your workout is key to improve! The deep dive content is designed to provide more depth and test your boundaries.
Which do you prefer?
Now it’s your turn
Time to put what you’ve learnt into practice! Try both the 50/30/20 model and the 6 account model and see which one works best for you.
-
50/30/20 model
-
6 account model
External IFrame Content
This IFrame contains external resources. The provider may be collecting information about your interaction with this content by using cookies and may use this for targeting their offers. Please accept cookies in order to show the IFrame.
External IFrame Content
This IFrame contains external resources. The provider may be collecting information about your interaction with this content by using cookies and may use this for targeting their offers. Please accept cookies in order to show the IFrame.
That's a wrap
Basic tips
Wherever you’re at in life, it’s never too late to get in shape with your future workout. Here’s a reminder of some of the key points.
- The sooner the better – whether planning, saving or investing
- Start a ready fund – just in case …
- Learn to budget
- The more you know, the more you can get out of life – and not just financially.
Consider individuality
And also that everyone’s situation is different, so be mindful with all of the above. While saving 10-20% a month is good practice, if you’re just starting out then it may not always be the best choice. For example, you might have bigger immediate expenses like a new house or car.
- If you have credit card/loan debt, again, saving for retirement is not the priority.
- Don’t get so obsessed with saving that you forget to live – enjoy those adventures while you’re young too!
Top three takeaways
- Learn the basics – taking the time to learn a few basic financial rules can help you build a healthy financial future.
- Set a goal and plan
- Start early
Next up
Week 2: practice
Investment 101
Base building done, it’s time for Investment 101. You’re ready to manage the now. But what about future you? In this session, we cover everything from investing for the first time to managing your risks. And once you get more confident, even how to diversify your investments and invest sustainably.
So wherever you’re at, one thing’s for sure. The earlier you start in life, the better you’ll look later on.
Any questions or additional support?
We are happy to help.
Disclaimer
This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. Information available here is not to be relied upon as professional advice or for the rendering of professional services. Certain links in this Site connect to other Web Sites maintained by third parties over whom Allianz SE has no control. Allianz SE makes no representations as to the accuracy or any other aspect of information contained in other Web Sites.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.
Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) interest rate levels, (vi) changes in laws and regulations, including tax regulations, and (vii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level.
No duty to update
Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
Privacy note
Allianz SE is committed to protecting your personal data. Find out more in our Privacy Statement.