📅 2024-11-20 — Session: Financial Strategy and Debt Management Session
🕒 19:05–21:30
🏷️ Labels: Conflict Management, Financial Strategy, Debt Management, Accounting Systems, Wealth Management
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal
The session aimed to explore strategies for managing family conflicts related to wealth management, review financial strategies, and implement accounting systems for debt management.
Key Activities
- Discussed strategic approaches for managing family conflicts in wealth management, focusing on damage containment and turning conflicts into opportunities.
- Reviewed the benefits of a savings fund with dividend distribution for sustainable financial growth.
- Analyzed commercial, accounting, and legal aspects of asset management to identify structural issues and propose immediate actions for sustainability.
- Explored accounting systems for incorporating tax debts, comparing detailed monthly entries with net debt level systems.
- Simplified the approach for calculating ‘Bills Issuance + Interests’ in accounting systems, providing a step-by-step implementation guide.
- Designed a professional debt tracking spreadsheet with essential columns and visual indicators.
Achievements
- Developed a comprehensive understanding of conflict management in family wealth scenarios.
- Identified key benefits and strategies for sustainable financial management.
- Proposed actionable steps for improving asset management and debt accounting systems.
Pending Tasks
- Implement the proposed accounting systems and debt tracking spreadsheet in real-world scenarios.