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SEVEN FAT YEARS. According to Social Security records, 85 out of 100 Americans have less than $250 when they reach age 65. SEVEN FAT YEARS. Take up the fifth part of the land of Egypt in the seven plenteous years. Genesis 41:34

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seven fat years
SEVEN FAT YEARS

According to Social Security records,

85 out of 100 Americans have less

than $250 when they reach age 65.

seven fat years2
SEVEN FAT YEARS

Take up the fifth part of the land of Egypt in the seven plenteous years.

  • Genesis 41:34

That the land perish not through the famine.

  • Genesis 41:36
seven fat years3
SEVEN FAT YEARS

Joseph Principle:

Save during FAT years

for lean years

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SEVEN FAT YEARS
  • Saving vs. Hoarding

Genesis 41:46-57 Joseph saved 20%

Luke 12:16-21 Rich man had to build bigger barns

  • How are these situations similar?
  • How are they different?
  • Why was God pleased with one, displeased with other?
seven fat years5
SEVEN FAT YEARS

“…thou shalt lend unto many nations, and thou shalt not borrow.”

    • Deuteronomy 28:12b
  • Biblical definition of investing is to lend.
seven fat years6
SEVEN FAT YEARS

Make Friends with Money

“Make to yourselves friends of the mammon of unrighteousness.”

  • Luke 16:9

Educate yourself in money matters.

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SEVEN FAT YEARS

Generational Numbers

48 Million “Mature”

81 Million “Boomers”

38 Million “X-ers”

Previous Generation finances the retirement of present generation.

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Parents

Income rose 524%

(age 20-30)

49 workers support 1 retiree

Average age at death 63

Peak earnings after kids gone

Homes appreciated greatly

(Buy Your Second Home First)

Paid Debt with inflated $

You

34%

2.7 workers(2018)

90/95

still paying for kids

0-3% per yr.

1998 inflation 1.7%

SEVEN FAT YEARS
seven fat years how much do i need
SEVEN FAT YEARSHow Much Do I Need?

_____ 75% of gross

_____ + adjust for inflation 4% per year

_____ - subtract Social Security

Earnings 1 (800) 772-1213 / www.ssa.gov

_____ - Employer - Call Human Resource

_____ - Gap

Gap x 12 mo. Divided % return = savings needed.

$2000 x 12 = 24000 divided 12% = 200,000

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SEVEN FAT YEARS

$200,000 @ 12% 20 years = $911.21

$200,000 divided $911.21 = $219.49 per month

amount need to save

$200,000 x 12% = $24,000

Not using principal

seven fat years12
SEVEN FAT YEARS

Three plans for making a million by age 65, assuming the money ears 12% a year

  • Age 25, start investing $59 a month
  • Age 40, put $10,000 down AND

invest $493 a month

  • Age 50, put $50,000 down AND

invest $1,540 a month

three principles for lean years
Three Principles for Lean Years
  • Spend less than you earn - 5 to 20%
    • Pastor $8000 per year income
    • $1,663,000 liquid assets
  • Remember the cost of lost opportunity
  • Consider cost of making a mistake
seven fat years14
SEVEN FAT YEARS
  • 401 (K) - Modern Day Pension
  • 403 (b)
  • Employer Match
  • Move funds if job changes
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SEVEN FAT YEARS
  • 401(K)
  • 403(b)
  • ROTH IRA-no tax on earnings from IRA
  • IRA-no tax on contribution to IRA

Vehicle for investment

NOT the investment

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SEVEN FAT YEARS

Current Contributions

  • Pre-Tax Deferral Percent 7% of pay
  • After-Tax Contribution Percent 0% of pay
  • YTD Employee Contributions

$3,282.44

  • YTD Company Contributions

$4,274.63

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SEVEN FAT YEARS

Balances as of December 31, 1998

  • Your Contributions Since 1/1/88 to REVSOP: $20,861.94
  • Your Total REVSOP Balance:

$157,677.55

seven fat years18
SEVEN FAT YEARS

Ways to invest IRA, 401(K), 403(b)

  • Cash- CD, Money Market
  • Annuity - contract with insurance co.
  • Mutual Funds
    • very conservative - money market
    • conservative - money market, bonds, stocks
    • moderate - income producing stocks, large cap stocks
    • growth - large cap stocks, mid-cap stocks
    • aggressive - small cap stocks
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SEVEN FAT YEARS

$166 month automatic withdrawal =

$2,000 per year

$332 month = $4,000 per year for two

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SEVEN FAT YEARS

98 3yr 5yr 10yr

Washington Mutual (5.75%) 18 24 22 18

1-800-421-4120

Am. Century Inc/Grth 27 29 23

1-800-345-2021

Legg-Mason Value 47 41 32 21

1-800-577-8589

Janus Twenty 75 43 30 26

1-800-525-8983

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SEVEN FAT YEARS

$1,000 Deposited Each Year

End of Year Values

5 yrs 10 yrs 15 yrs 20 yrs

18% 7,154 23,521 60,965 146,628

20% 7,442 25,959 72,035 186,688

22% 7,740 28,657 85,192 237,989

24% 8,048 31,643 100,815 303,601

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SEVEN FAT YEARS

Rule of 72

Divide 72 by rate of return =

# of years to double money

72 divide 18% = 4 years

72 divide 15% = 4.8 years

72 divide 12% = 6 years

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SEVEN FAT YEARS

$130,000 - 4 yr 260,000 Age 40

- 8 yr 520,000 Age 44

- 12 yr 1,040,000 Age 48

- 16 yr 2,080,000 Age 52

- 20 yr 4,160,000 Age 56

- 24 yr 8,320,000 Age 60

- 28 yr 16,640,000 Age 64

seven fat years27
SEVEN FAT YEARS

BEGIN

WITH THE NEXT PAY RAISE

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