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Postlethwaite & Netterville, A Professional Accounting Corporation

Handling Your Personal Finances

Christopher (Chris) McFarlain, CPAJuly 13, 2018

Handling Your Personal Finances

2

Having Wealth is About More than How Much

You Make or What Investment You Choose

3

Place a Value on Money

4

Don’t Get Too Excited to Build Your Credit

5

You Can’t Escape Debt and its Consequences

6

Stop Buying Stuff

7

Track Your Finances

8

Understand Your Emotional Connection to Money

9

Forget About Get Rich Schemes

10

Be Thankful for Your Good Fortune

11

Follow the Golden Rule

12

Student Loans

13

Student Loans

https://studentaid.ed.gov/sa/repay-loans/forgiveness-

cancellation/public-service#qualifying-payment

https://studentaid.ed.gov/sa/repay-loans/consolidation

14

Looking Past Student Loans

15

Net Worth

16

Compounding Money

17

Advisors – Do you need them?

18

Advisors – Do you need them?

19

Resources

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• http://www.moneycrashers.com/money-management-lessons-young-adult/

• http://www.youngcheapliving.com/2012/04/09/10-personal-finance-tips-for-young-adults/

• http://www.bankrate.com/finance/retirement/10-financial-tips-for-young-people-1.aspx

• http://fortune.com/2015/03/23/7-financial-steps-every-young-professional-should-take/

• http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2015/03/10/a-wealth-building-plan-for-you-young-professional-edition

• https://www.tuition.io/blog/2013/06/5-tactics-to-avoid-when-paying-off-student-loans/

• https://studentloanhero.com/tag/buying-a-house/

• https://blog.personalcapital.com/investing/pay-student-loans-invest/

• http://thecollegeinvestor.com/16553/the-best-investing-advice-for-beginners/

A Professional Accounting Corporation