FINANCIAL

BY : MUHAMMAD NIZAM BIN INDEPENDENCE

Matrix ID : 2015506461
MOHAMMAD YUSUF

TITLE OF SPEECH : How to be financially independent.

PURPOSE OF SPEECH : To share.

INTRODUCTION

i. ICE BREAKER : More than 80 percent of self made millionaire

begin with nothing, in many cases, less than nothing.
ii. THESIS SENTENCE : There are various proven methods on how to
become financially independent.
iii. PREVIEW STEP : Several steps on becoming financially
independent for instance being frugally, spend less than you
earn, build safety nets.

BODY

1. MAIN POINT 1 : Pivotally, being frugal means being savvy which

helps us not to easily lose your money on unvital/unimportant
(white elephant) items.
a. EXPLANATION : Make sure to make full evaluation of
every investment/ every penny you spend. Always
bargain for lower price and try to cut cost on the item
you plan to buy so that you can save as much since the
money saved, can be used for something beneficial in
the future. The final result of your financial plan should
be systematic investment.

b. EXAMPLE : For instance, resorting to buy a simple car

instead of too sophisticated/expensive car means lower
expenses and cheaper cost when it comes to
maintaining the car.

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 c. LINK TO THESIS : This distinctly shows how being frugal
can help you in saving money to be used for future

2. MAIN POINT 2 : Furthermore, spending less than you earn is

proven to help keep you out of debt and lead your way up to be
financially independent.
a. EXPLANATION : Some people says, if you cant eat or
wear it, dont put it on your credit card Remember, debt
holds you back. Spending lesser than what you earn
theoretically helps. This means you have to live lower
than your means. The best way to monitor your
expenses is by drafting a budget which tend to help you
in being wise by being able to plan, control and
structure your financial more efficiently.

b. EXAMPLE : As for example, spending less than what you

earn, and the money saved can be used as a venture
capitalist fund for business start-ups or for investment
purpose.

c. LINK TO THESIS : Positively, spending less than you earn

helps to build up your credit rating apart from keeping you
out of debt and other financial trouble associate with it.

3. MAIN POINT 3 : Finally, building safety nets and financial safety

measures may help you in difficult times.
a. EXPLANATION : Unexpected situation or emergency
must be well taken care of by having back-up plans. In
financial term, this unexpected situation specifically
means having spare money or fund setted up, which can
be used in case of emergency. Having insurance policy
will literally help you as a backup. And being another
way to manage financial problem when it comes. By
having both, insurance and emergency funds, it will
distinctly provide a systematic cash flow and ease of
mind to you.

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 b. EXAMPLE : For example, repairing your car come from
the emergency fund you set up without having to
contemplate with other funds. Apart, having insurance
policy may become a help when it come down to
medical expenses. Should anything bad happens to
you, there is always backup from your insurance agency.

c. LINK TO THESIS : In short, financial independence can be

achieved with persistent commitment towards by your
daily habits.

CONCLUSION

i. SUMMARY :
ii. RESTATEMENT OF THESIS : Hitherto, there are several ways on
how to become financially independent and free namely start
saving young, invest frugally and spend less than you earn.

iii. CLOSING : Financial independence involves diligence sacrifices,

but remember, even the smallest moves can yield an immense
outcomes. .As saying goes, Actions speaks louder than words,
the best way to find out whether the aforesaid methods works or
contrary, is by experiencing yourself. So go ahead and try it out.
Good luck.