Building Wealth
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Transcript of Building Wealth
![Page 1: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/1.jpg)
Building Wealth Achieving your financial goals
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Imagine your future. Write down your goals.
![Page 3: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/3.jpg)
Do you have a savings account? A retirement account? Debt?
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Why do we save and invest? Retirement.
![Page 5: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/5.jpg)
You’ll get $20,000. You’ll need $45,000. Questions?
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$600 per month Starting today.
![Page 7: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/7.jpg)
Why do we save and invest? (insert your answer here.)
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Planning Where are you going?
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Debt. Deal with this first.
![Page 10: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/10.jpg)
Good debt. An investment in your life.
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Bad debt. Living outside of your means.
![Page 12: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/12.jpg)
OK! What’s next?
![Page 13: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/13.jpg)
What if something bad happens?
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(you need an emergency fund)
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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….
![Page 16: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/16.jpg)
Horizon. Length of time invested.
![Page 17: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/17.jpg)
Risk. How much can you accept?
![Page 18: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/18.jpg)
Your financial strategy:
Horizon Risk
Tolerance Style
![Page 19: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/19.jpg)
Diversification. Don’t buy all eggs.
![Page 20: Building Wealth](https://reader036.fdocuments.net/reader036/viewer/2022081603/5599ff431a28ab22098b4741/html5/thumbnails/20.jpg)
Stocks. Bonds. Funds. Know your options.
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Indexing. Get 75% of returns.
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Research banks and brokers. Watch for fees.
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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.