FINANCIAL FREEDOM
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FINANCIAL FREEDOM. FINANCIAL FREEDOM. Avoid Desperation With Preparation. “ Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty” Proverbs 21:5 (NLT ). Tonight’s Goals. Financial Events of 2013 Core Values Spending Plan Investing. FINANCIAL EVENTS OF 2013.

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FINANCIAL FREEDOM

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Financial freedom

FINANCIAL FREEDOM

FINANCIAL FREEDOM


Financial freedom

Avoid Desperation With Preparation

“Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty” Proverbs 21:5 (NLT)


Tonight s goals

Tonight’s Goals

  • Financial Events of 2013

  • Core Values

  • Spending Plan

  • Investing


Financial freedom

FINANCIAL EVENTS OF 2013

  • U.S STOCK MARKET

  • FISCAL CLIFF

  • GOVERNMENT SHUTDOWN

  • QUANTITATIVE EASING/TAPERING

  • SLOW GROWTH

  • OBAMACARE

  • UNEMPLOYMENT

  • FED CHAIRMAN RETIRED, BEN BERNANKE

  • NEW FRED CHAIRMAIN, JANET YELLEN


Core values

CORE VALUES

Include a picture


Creating a value circle

Creating a value circle

  • When you think about your life and the things that really matter, what values are most important to you?

  • What is the purpose of money in your life?

  • What do you believe God created you to be?


What is money good for

What is money good for?

Be

  • When I say that money helps people be, I mean that it allows them to live in a particular way that defines who they are.

    Do

  • When I say that money helps people do, I mean that it makes it possible for them to take actions that will help create the kind of lives they think they want.

    Have

  • When I say that money helps people have, I mean that it enables them to buy stuff.


Goal setting

Goal setting

  • Why do I want to achieve this goal?

  • By when do I want to achieve this goal?

  • What specific steps will I need to take in order to meet this goal?

  • How will I do this?

  • Who can help me with this goal?

  • Where in my priorities is this goal? How important is this goal compared to my other goals


Cash flow pattern how the wealthy handle debt

Cash Flow Pattern – How The Wealthy Handle Debt

This is the cash flow pattern of a poor person, or a young person still at home:

Income Statement

Balance Sheet


This is the cash flow pattern of a person in the middle class

This is the cash flow pattern of a person in the middle class


This is the cash flow pattern of a wealthy person

This is the cash flow pattern of a wealthy person


The finish rich file folder system how to organize your finances

The Finish Rich File Folder System- How to organize your finances


The finishrich file folder system

THE FINISHRICH FILE FOLDER SYSTEM


How to balance my spending plan

How to balance my Spending Plan

  • Cut back variable expenses. Then cut back some more. Find your latte factor ($5 coffee x 365 = $1,828 yr) x 25 yrs = 45,700

  • Create room by paying down debt. (Dolp)

  • Sell some of your “stuff” to repay debt and balance your budget.

  • Ask for a raise

  • Find extra work/income, (housekeeping, maintenance, overtime, odd jobs, tutoring). Take a free class or two and learn new skills.

  • Use your hidden skills to find extra work. Everyone has special skills.


Financial freedom

  • Don’t shop unless you have your coupons. Shop with a list.

  • Consolidate debt, use equity in home (only if rates are lower). Last resort.

  • Cook at home, prepare meals in bulk. Make your own household cleaning products

  • Find lower cost housing.

  • Automate your payments (MAKE IT AUTOMATIC)

  • Use any extra income you get for debt reduction. (Tax returns, gifts.)

  • Stop spending


Steps to financial independence steady plodding brings prosperity proverbs 21 5 tlb

Steps to financial IndependenceSteady plodding brings prosperity.” (proverbs 21:5, TLB)


Financial freedom

  • What is investing?

  • Why should I invest?

  • When Should I start?


Interest compounds greatly over time

Interest Compounds Greatly Over Time


Types of investments

Types of investments

Low Risk Medium Risk Higher Risk

  • Savings Accounts Money Market Account - A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. (0.06 – 1% )interest rate

  • Certificate of Deposits - A certificate of deposit is a promissory note issued by a bank. It is a time deposit that restricts holders from withdrawing funds on demand. Although it is still possible to withdraw the money, this action will often incur a penalty. (.30 – 2.05%)

  • Bonds Grouped under the general category called fixed-income securities, the term bond is commonly used to refer to any securities that are founded on debt. When you purchase a bond, you are lending out your money to a company or government. In return, they agree to give you interest on your money and eventually pay you back the amount you lent out.  (0.04 – 3.68%)

  • Mutual Funds A mutual fund is a collection of stocks and bonds. When you buy a mutual fund, you are pooling your money with a number of other investors, which enables you (as part of a group) to pay a professional manager to select specific securities for you. Mutual funds are all set up with a specific strategy in mind, and their distinct focus can be nearly anything: large stocks, small stocks, bonds from governments, bonds from companies, stocks and bonds, stocks in certain industries, stocks in certain countries, etc.  (Average of 12% since 1926).


Types of investments1

Types of Investments

  • 401k-tax deferred retirement account that employers set up for employees to set aside pre-tax dollars. Employers sometimes match the employee investment. 17.5 contribution limit for 2009.

  • IRA - An individual retirement account that allows individuals to direct pretax income, up to specific annual limits, toward investments that can grow tax-deferred (no capital gains or dividend income is taxed). Individual taxpayers are allowed to contribute 100% of compensation up to a specified maximum dollar amount to their Traditional IRA. Contributions to the Traditional IRA may be tax-deductible depending on the taxpayer's income, tax-filing status and other factors.Other variants of the IRA include the Roth IRA, SIMPLE IRA and SEP IRA.

  • Stocks When you purchase stocks, or equities, you become a part owner of the business. This entitles you to vote at the shareholders' meeting and allows you to receive any profits that the company allocates to its owners. These profits are referred to as dividends. 

Low Risk Medium Risk Higher Risk


Financial freedom

STOCK RESOURCES


Financial freedom

Online Trading sites

Sharebuilder - 6.95 per transaction, no minimum account balance, can research stocks

Etrade, Scottrade, Td Ameritrade

Banks – Wells Fargo, Chase, Bank Of America, Most major Banks

MotifInvesting – trade ETFs made up of 30 stocks you pick, pay 9.95 for transaction

Television Financial News Sites

Mad Money – Host Jim Cramer – 6pm and 11 pm Mon – Fri, CNBC

CNBC Finance – CNBC Channel – All Day, CNBC Mobile App

Bloomberg Financial News – All Day

YouTube – Preston Pysh – 40 Lessons on investing

Educational Sites

Investopedia - Learn stock terminology, Paper trade

Stockcharts.com – Chartschool – Read stock charts.

Freestock.com – Free charts

Social Media– Finance-

Stocktwits – Message about stock financial news, social heat map

Yahoo Finance message board

Investor Village – Private paid message board.

Twitter, Facebook, google plus

Online research

Google Finance

Stoxline.com

Financial Visualizations FinViz.com

Yahoo Finance

barchart.com

Company Website- sec filings, finance reports

Bing Finance

CNN Money

Mint.com

Nasdaq

Wall Street Journal

Quicken Financial Software


Dividends

Dividends


Long term hold

Long Term Hold


Stock splits

Stock Splits


Intercept pharma

Intercept Pharma


Buyouts

Buyouts

  • The purchase of a company's shares in which the acquiring party gains controlling interest of the targeted firm. Incorporating a buyout strategy is a common technique used to gain access to new markets and is one of the most common methods for inorganically growing a business.


Financial freedom

  • Your financial Independence is in your hands

  • Remember to get to the end of the Month before you get to end of your money

  • Invest Early

  • Thank you for attending this financial seminar and we hope you learned something this evening.


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