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A mostly visual presentation used to support a short course in beginning personal finance and investing delivered to junior enlisted personnel prior to their first deployment (where they would be earning significantly more pay based on entitlements and tax breaks). Nothing sophisticated and sticks too most basic strategies, but hits on the areas that people should be considering as they prepare for their financial future.
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Building Wealth Achieving your financial goals
Imagine your future. Write down your goals.
Do you have a savings account? A retirement account? Debt?
Why do we save and invest? Retirement.
You’ll get $20,000. You’ll need $45,000. Questions?
$600 per month Starting today.
Why do we save and invest? (insert your answer here.)
Planning Where are you going?
Debt. Deal with this first.
Good debt. An investment in your life.
Bad debt. Living outside of your means.
OK! What’s next?
What if something bad happens?
(you need an emergency fund)
You/I want to invest. Me/Are you saving for retirement? You/Check. Me/Did you get rid of bad debts? You/Yup, ready for the market. Me/You have an emergency fund and savings? You/Sure do, let’s buy stocks! Me/sigh….
Horizon. Length of time invested.
Risk. How much can you accept?
Your financial strategy:
Horizon Risk
Tolerance Style
Diversification. Don’t buy all eggs.
Stocks. Bonds. Funds. Know your options.
Indexing. Get 75% of returns.
Research banks and brokers. Watch for fees.
Know where you’re going. Set goals and create a plan.
Spend wisely Reduce debt and build savings.
Build your wealth. Research thoroughly and invest smartly.
