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Universal Model for Personal Financial Success

Universal Model for Personal Financial Success. The information presented is for illustration and discussion purposes only. Before investing, you should discuss your specific situation with a professional investment advisor. Spiritual Theoretical Practical. Spiritual Foundation

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Universal Model for Personal Financial Success

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  1. Universal Model for Personal Financial Success

  2. The information presented is for illustration and discussion purposes only. Before investing, you should discuss your specific situation with a professional investment advisor.

  3. Spiritual • Theoretical • Practical

  4. Spiritual Foundation • Placing God First (Mathew 6:33) • “But Seek First his Kingdom and his Righteousness, and all these things will be given to you as well.” • Trusting God’s Provision • Be faithful, do not complain, and be certain that God will provide for your financial need.

  5. Spiritual Foundation 3) God’s Desire to Bless (Psalm 37:4) “Delight Yourself in the Lord and He Will Give you the Desires of your heart.” 4) Be Financially Responsive (Deut 8:18-20) Acknowledge God, Follow his Commands and Remember that he alone gives you the ability to earn a living. ….For Where Your Treasure is, There Your Heart Will Be Also…….Mathew 6:19-21

  6. Spiritual Foundation • Be Diligent (Proverbs 6:6-11,10:4-5) • Deligent hands, like the ant, avoid scarcity • 6) Be Prudent (Proverbs 24:27 NLT) • “Develop your business first before building your house.” • “The wise have wealth and luxury, but fools spend whatever they get.” • Prov 21:20 NLT

  7. Universal Model for Personal Financial Success

  8. Practical Rules of Money • Albert Einstein Called Compound Interest the most powerful force in the Universe • He Said, “Those who understand it will earn it, and those who don’t will pay it”

  9. Practical Rules of Money The Rule of 72 is the first rule of Money..... This rule provides an estimate of the number of years it will take for your investment or cost to double based on an assumed rate of return or interest. 72 / interest rate = est yrs to double invstmnt For a 10% Rate of Return, you can expect to double your investment in 72/10=7.2 yrs

  10. Practical Rules of Money You Are Walking Down the Street and Find $10,000. You Want to Use This Money to Help Kickoff Your Retirement Fund. What would You Do?

  11. Practical Rules of Money Over the long term, the impact is much more significant!!

  12. Practical Rules of Money • Time and Consistency are the fuels that drive Compounded Interest. • Start Investing @ Age 35 • Invest $2000 per year til age 65 (30 yrs) • @ 10% rate of return • Accumulated Value = $328,988.04 • You Put in $2000 x 30 = $60,000 But Your Account is worth $328,988.04!!!!!

  13. Practical Rules of Money What Happens if You Had Started 10 yrs Sooner @ Age 25? Start Investing @ Age 25 Invest $2000 per year til age 65 (40 yrs) @ 10% rate of return Accumulated Value = $885,185.11 Wow, start 10 yrs earlier, You Put in $2000 x 10 = $20,000 more money But Your Account is worth $556,197.07 more!!!!!

  14. Practical Rules of Money Motto: Invest Early and Invest Often Don’t Delay, Start Now!!! It pays to Start Early If You Start Investing @ Age 25 Invest $2000 per year til age 34 then Stop @ 10% rate of return Accumulated Value @ 65 = $521,298.26

  15. The Value of Starting Now!! Investing $2000/yr @ 10% ROR

  16. The Value of 1% Investing $2000/yr over 40 yrs

  17. Which would You Choose? • Bank B • $300,000 Home • 4% Interest • $1000 per month • Owe $300k after 30 yrs Bank A • $300,000 Home • 4% Interest • $1432.25 per month • Owe Nothing after 30 yrs

  18. What You Do With The Savings Makes All Difference!!

  19. Life Insurance A Key Wealth Protector Bank A – Bundled Policy Bank B – Unbundled Policy • Insurance w Savings or Investment Wrapped In • Cash Value Build Up • 100% Loss Yr1 • Cost to Borrow Savings • Pure Insurance Only $500K Face Amount $50 Per month $500K Face Amount $100 per month $200K $150 Per month $200K Investment Savings Time Time For Illustration Only

  20. Reference Material All The Financial Scriptures in the Bible by Rich Brott The Intelligent Investor by Benjamin Graham The 100 Absolutely Unbreakable Laws of Business Success by Brian Tracy Investopedia.com The Motley Fool (Fool.com)

  21. The Future is Now!! Presenter: Joe Sylve Email: Joe.Sylve@Comcast.net Phone: 404-579-4542

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