Tag: # finance #planning# education

Who is the actual winner of the FIFA world cup 2022?

Who won the FIFA World Cup in reality? Are the teams, the players, or the host the winners?

Qatar, one of the most popular nations on the planet, wants to host the FIFA World Cup. Qatar typically registers temperatures greater than 40. Qatar will serve as the host nation for this tournament due to its improved facilities and infrastructure. 

Al Bayt Stadium, Lusail Stadium, Ahmad Bin Ali Stadium, Al Janab Stadium, Al Thumama Stadium, Education City Stadium, Khalifa International Stadium, and Stadium 974 are the eight locations where the matches will take place.

The stadium seats are broken down into four categories, with category 1 including the seats that are closest to the ground. The seats in category 2 are just behind the front seats, while category 3 contains the middle row of seats. The rear set is included in the fourth and final category. Seat costs vary from match to match and category to category.

  During the first game, category-1 seats cost $618, category-2 seats cost $440, category-three seats cost $302, and category-four seats cost $55. The cost of a category-1 ticket for a group stage match is $220; for categories 2, 3, and 4, the prices are 165, 69, and 11 dollars, respectively. Tickets for the round of 16 are more expensive than those for group matches. The costs are as follows: 275$ for category 1, 206$, 96$, and 5$ for categories 2, 3, and 4, accordingly. Tickets for the quarterfinal matches range in price from 426 dollars to 302 dollars to 20 dollars to 82 dollars, depending on the category you fall under. In the quarterfinals, the price of the fight match tickets for third place is comparable. For category 1, the cost is $426. For category 2, it is $302. For category 3, it is 206. For category 4, it is 82.

 One of the most watched games is the semifinal. Hence, the prices have increased. For category 1 seats, the cost is 956, while for categories 2 and 3, it costs 659, 357, and 137 dollars, respectively. Any tournament’s finals are the game-changer. The final game always has the most spectators and the most expensive tickets. The cost for category 1 is $1067, category 2 is $1003, category 3 is $604, and category 4 is $200.

With a capacity of over 60,000, Al Bayt stadium is one of Qatar’s biggest and most well-known stadiums. Out of 60,000 seats, around 11,000 are in category 1, 14,000 in category 2, 17,000 in category 3, and 20,000 in category 4, correspondingly. In the Al Baty stadium, the first game will take place. 20.428,000 dollars should be made from the first game. (If every ticket is sold, the computation is based on the ticket price and the location of the seats.)

Counting the initial match, there will be a total of five group matchups. After the group matches, the income will be $32,815,000. A round of 16 games will be played. There will be around $8,191,000 in revenue from the round of 16 games. The income from the quarterfinal game will be around 14,712,000 dollars. The Al Bayt stadium will host both the semifinal game and the final. Around 26,796,000 dollars will be made from semis. After the competition, the stadium should earn a total of around 109,505,000 dollars.

With a capacity of 80,000, Lusail Stadium is the largest stadium in Qatar. Out of 80,000 seats, 13,000 are in category 1, 17,000 in category 2, 23,000 in category 3, and 27,000 in category 4, respectively. There will be a total of six group games played at Lusail Stadium. After the games on the group stage, the stadium will earn about $45,090,000. A total of $9,420,000 will be generated by the round of 16 games. There will be a semifinal contest as well. The semis will generate around $35,541,000 in income. The championship game will take place in Lusail Stadium. The total match income will be around 57,396,000 dollars. After the competition, the stadium will have earned around 147,447,000 dollars in revenue.

The Khalifa stadium can accommodate 40,000 people in total. Eight games will be played in the stadium in total, including a third-place fight, one quarterfinal, one round-of-16 encounter, and six group matches. After the competition, the stadium will have earned a total of 16,483,000 dollars.

40,000 people can fit at Stadium 974 and Alof Janoub Stadium. There will be a total of seven matches at each of the two venues. Six group matches and one round of 16 matches will be played at each stadium. The combined income from the two stadiums will be around $8,021,000.

The Education City stadium can accommodate 40,000 people. Eight games will be played in the stadium, including one round-of-16 game, one quarterfinal, and six group matches. The Education City Stadium will bring in around $14,005,000 in total income.

Al Thumama Stadium can accommodate 40,000 people. There will be a total of eight games, comprising one quarterfinal, one round of 16, and six group matches. After the competition, the stadium will have earned about $24,931,000 in total.

The Ahmad Bin Ali stadium can hold close to 40,000 people. Seven matches, comprising six group matches and one round of 16 encounters be played. After the competition, the stadium will have earned about $8,021,000 in total. 

After the FIFA World Cup, Qatar expects to earn a total of about 336,434,000 dollars. This equals Rs. 277,283,183,42.

The 32 teams that make it into the competition will receive certain benefits. These are the pricing. Eliminator for the group stage will receive $9 million. The losers of the 16th round will receive 13 million dollars. The losers of the Qatar finals will receive 17 million dollars. A 25 million dollar prize will be given to the fourth-place team. A 27 million dollar prize will be given to the third-place finisher. 30 million dollars will be given to the runner-up. and 42 million dollars will be given to the tournament’s victor or winners.

A total of 440,000,000 dollars will be distributed in price. FIFA, not the host nation, will choose how much each item costs. With accommodation and training expenses included, they will undoubtedly make around 336,434,000 dollars.

The event is advantageous for the participating teams, athletes, and the host nation. This is why nations like the United States, South Korea, and Japan aspired to host the competition. Overall, this event will provide good financial revenue for the host nation. The economy of Qatar will be greatly impacted by this money. More than 1.5 million new employment in important industries including construction, real estate, and hospitality are expected to be created as a result of Qatar hosting the FIFA World Cup.

Financial Planning


Introduction to Financial Planning

Financial planning is an important part of
financial management. It is the process of determining the objectives;
policies, procedures, programmes and budgets to deal with the financial
activities of an enterprise. 

Let us understand financial planning with an example : 

 

ANSHUL’S FINANCIAL
PLAN

1.Savings

 

 

Monthly expenses

179500

 

Emergency fund for

6

Months

Emergency funds required in savings account

1077000

 

 

 

 

2.Loans

 

 

Housing Loans are least expensive

 

 

Repaying all expensive loans like personal
loans and car loans first followed by housing loans

 

 

 

 

 

3.Insurance

 

 

a) Life Insurance

 

 

Annual Income (assumption)

1200000

Life cover

20

times

Life Insurance needed

24000000

 

Life insurance should include coverage for
critical illness

 

 

 

 

 

b) Medical Insurance

 

 

Number of family members

4

 

Medical family coverage required for each
member

200000

 

Total medical insurance needed

800000

 

 

 

 

 

4. Investment plan

 

 

Invest in :

 

 

Mutual funds

 

 

Equity

 

 

Sovereign Gold Bonds

 

 

RBI floating interest rate bonds

 

 

No need to invest in real estate because house
is already available

 

 

 

 

 

5. Tax plan

 

 

Avail Tax benefits

 

 

Save tax under Section 80 C by investing in
Life Insurance and Public Provident Fund

150000

 

Section 80 TTA – Deductions from Gross Total
Income for interest on savings account

10000

 

Section 80 EE – Deduction on Home Loan
Interest

200000

 

Section 80 D- Premium paid for Medical
insurance

25000

 

Section 80 CCD ( 1B)- Additional Contribution
to National Pension Scheme account

50000

 

 

 

 

6. Retirement Plan

 

 

As per the retirement plan prepared, it is
estimated that I will have to build a corpus of

Rs 25.4 crores

 

 

                                                                                     

                                                                                   


     

   Insights from the above  Financial Plan


A
good financial plan as mentioned above should cover all the six heads: Savings,
Loans, Insurance, Investments, Tax Planning and Retirement Planning.

 

Savings
according to me a person needs to create an emergency fund in a savings account
which can be used to meet all the designated expenses even if the income for a
particular month is nil. As a thumb rule an amount equivalent to six times the
monthly expenses should be set aside as emergency funds. In my case as
calculated the monthly expenses are of Rs.179500, so an emergency fund of
approx. Rs.10.77 lacs needs to be created to cover all contingencies.


                                                                           

               

 

A
good Financial Plan is one where expensive loans (which bear high interest
rate) like personal loans and car loans are avoided. Home Loans are the
cheapest loans. I case of repayment the focus should be to return the expensive
loans as early as possible.


                                                                                        

 

If
we talk about insurance, I have analyzed that Life cover should be equal to 20
times the annual earnings of an individual. The medical insurance should be
available for all the family members. It is better to have a family cover. I
have opted for a Rs 200000 medical cover for each family member. A medical
family cover means that medical expenses to the extent of the family cover are
taken care of instead of the smaller medical insurances.


                                                                                


 

The
investment portfolio should be a balance of high risk high return instruments
such as equity and mutual funds, moderate risk moderate return instruments such
as Sovereign Gold Bonds and RBI floating interest bonds and low risk, low
return instruments such as Fixed Deposits and Preference Shares, depending upon
the risk taking capacity of individuals. I chose a combination of high, risk
high return instruments and moderate risk, moderate return instruments
according to my risk taking capacity.


                                                                   

 

For
tax planning, one should try to save as much tax as possible by investing in
tax saving instruments provided by the Government. This will not only help in
saving tax today but also help in the creation of future Corpus.

 

Finally,
in the Retirement Planning section, the monthly expenses need to be determined
for the calculation of corpus needed post retirement. Accordingly the financial
planning should be done. One should opt for retirement planning as early in
life as possible because considering the ever increasing inflation rate, the
monthly expenses will keep increasing resulting in an exorbitant increase in
the corpus required post retirement if we begin at a later date.



Conclusion


Financial Planning is best if it is simple. A good financial plan should cover all the six heads : Savings, Loans , Insurance , Investments , Tax Planning and Retirement Planning. The goal should be to maximize returns so that a corpus is created in the shortest duration of time for the retirement and a person is able to comfortably meet the expenses.