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$30k – Choose your Destiny

freedom to choose my work or leisure. -OR- obligated to a job that will hopefully cover my expenses. dream about the legacy I leave my grandchildren. -OR- worry whether my money will last until I die. $30k – Choose your Destiny. Career Starter Loan Brief. Hank Brown Major USMC.

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$30k – Choose your Destiny

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  1. freedom to choose my work or leisure. -OR- obligated to a job that will hopefully cover my expenses. dream about the legacy I leave my grandchildren. -OR- worry whether my money will last until I die. $30k – Choose your Destiny

  2. Career Starter Loan Brief Hank Brown Major USMC

  3. You can always spend more than you make…. PT Barnum Buffalo Bill Nell Carter Gary Coleman Larry King Cyndi Lauper Abraham Lincoln Willie Nelson Mark Twain • Walt Disney • Zsa Zsa Gabor • Charles Goodyear • U.S. Grant • Merle Haggard • Dorothy Hamill • MC Hammer • LaToya Jackson • Oscar Wilde

  4. Prepared for the Golden Years? • 20% families prepared for retirement. • Avg American saves -.7%!! • The average family has $3800 in savings. • Most people pending retirement have less than $40k -$50k saved. • Social Security is Welfare.

  5. Loan Strategy • Borrow the money only • if it is absolute need • if it has a future benefit greater than the loan. • Do not use the loan for • Gifts • Trips • Beer • Music • Unnecessary car!

  6. Depreciation • 2002 Cost: • MSRP $23,965 • Dealer Prep: $2000 • Premium: $2585 • Tax: $1427 • Title/Tags: $130 • Total: $30,107 • 2007 Values: • Excellent $9,100 • Good$8,430 • Fair $7,305

  7. Since 1925, the stock market (S&P 500) has averaged 12% annual return on investment Adjusted for inflation this equates to over 8% return. In the 1990s the average return was over 17%. Returns on Investment

  8. Can you do it?

  9. Midn 2/c Brown 930834

  10. LtCol Brown USMC (ret)

  11. What did that Mustang “Cost”?

  12. “I’ll start later…”

  13. Financial Freedom • LT/ Capt at 5 Years: $75,000 • LCDR/ Maj at 15 Years: $244,119 • CDR/ LtCol at 20 Years: $432,425 • 55 year Old Civilian: $1,226,488 • 65 year old Retiree: $2,798,975

  14. Individual Account Taxable Vehicles Money Market Mutual Funds C.D.s Bonds Individual Stocks ROTH IRA Maximize This ’07: $4000 ’08: $5000 ’09: +$500/ year Tax Free Growth Same Vehicles Money Market Mutual Funds C.D.s Bonds Individual Stocks Investing

  15. Do I need a Financial Planner? You are All Capable Matter of: Time Trust Interest Buffet: Trade = Lose Low Cost Index Careful of Frauds 10 Years – 0 Return Get what you pay for Incentives Matter What’s in it for them? Many are free

  16. www.fool.com http://beginnersinvest.com www.wikipedia.org www.google.com www.bloomberg.com www.hankbrown.org Money Magazine Forbes Kiplingers Smart Money Worth NFCU/ USAA Sources

  17. Bottom Line Borrow for a dire need or for a future benefit Minimize your “Car Standard” Easy Money – A Chance of a Lifetime! Learn to Invest within Your Personality

  18. Questions? Major Hank Brown henrydbrown@aol.com hbrown@usna.edu

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