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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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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
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?


  • 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.


  • 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.


  • 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

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.
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)
What is investing?
  • Why should I invest?
  • When Should I start?
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

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 – Chartschool – Read stock charts. – 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

Financial Visualizations

Yahoo Finance

Company Website- sec filings, finance reports

Bing Finance

CNN Money


Wall Street Journal

Quicken Financial Software

  • 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.
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.