The Power of The Purse: The 7 Wealthy Habits of Successful Women
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The Power of the Purse The 7 Wealthy Habits of Successful Women Presented by Deborah Owens Wealth Coach *Speaker*Author
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This presentation was presented live via webcast on September 16, 2010 by Ms. Deborah Owens CEO of the Owens Media Group hosted by the FEW Foundation for Education & Training. Learn how to apply the 7 wealthy habits to be financially secure.
Transcript of The Power of The Purse: The 7 Wealthy Habits of Successful Women
The Power of the Purse
The 7 Wealthy Habits of Successful Women
Presented by
Deborah OwensWealth Coach *Speaker*Author
Wealth
Wealth vs. Income
The 7 Wealthy Habits
OutlookVision
AppetiteMindsetFocus
SystemLegacy
Outlook
The habit of adding value
Vision
The habit of leveraging your unique strengths
Appetite
The habit of acquiring knowledge
www.deborahowens.com
Stock Charts are for Illustrative Purpose Only
Rule of 72Age 4% Age 6% Age 12%
29 10,000 29 10,000 29 10,000
47 20,000 41 20,000 35 20,000
65 40,000 53 40,000 41 40,000
65 80,000 47 80,000
53 160,000
59 320,000
65 640,000
Apple
Wal-Mart
Mindset
Problems are opportunities
Wealthy Mindset
www.deborahowens.com
Copyright ©2005 Ibbotson Associates, Inc.
IbbotsonAssociates
This is for illustrative purposes only and not indicative of any investment.An investment cannot be made directly in an index.Past performance is no guarantee of future results. 3/1/2005
$1,000
Diversified portfolio: 35% stocks, 40% bonds, 25% Treasury bills.Hypothetical value of $1,000 invested at month-end December 1972 and June 2000, respectively.
Early-2000s bear market
Dec2003
$500
$1,500
Jun2000
Jun2001
Jun2002
Mid-1970s recession
$1,149
$1,014
Jun1976
$500
$1,500
Dec1972
Dec1973
Dec1974
Diversified portfolioStocks
Diversified portfolios and bear markets
$1,000
$806
$1,101
Focus
The habit of setting and achieving goals
Financial Goals• Cash Reserve
• Purchase a Home
• Pay off debt
• Retirement or financial independence
S.y.s.t.e.m
The habit of monitoring and tracking progress
www.deborahowens.com
www.deborahowens.com
System
Copyright ©2005 Ibbotson Associates , Inc.
IbbotsonAssociates
This is for illustrative purposes only and not indicative of any investment.An investment cannot be made directly in an index.Past performance is no guarantee of future results. 3/1/2005
Assumes reinvestment of income and no transaction costs or taxes.
Stocks
Hypothetical value of $100 invested at the end of each month 1984 Ð2007Enhancing your wealth: employer match
$85,147
Stocks with a 50% employer match
$127,720
$0
$50,000
$100,000
$150,000
$200,000
1984 1988 1992 1996 2000 2007
Wealth BuildersType Description Features &
BenefitsAutomatic Account builders
Mutual Funds, DRIPS, Direct stock investments
Reduce minimums, dollar cost average
Employer sponsored plans 401k, 403b, 457b
Tax deductible and deferred accumulation some employer match.
$16,500 and$5500 catch-up
Regular orRoth IRA
Tax deductible and or deferred accumulation 20% of income
$5000Catch-up $1000
SEP-IRA Self-Employed pension plan that allows tax deductible and deferred accumulation
$46,000
Wealth Legacy
The habit of paying it forward
Legacy Strategy
• Mother - Daughter Purse Groups
• www.Sharebuilder.com
• www.oneshare.com
• 529 Funds and Pre-Paid college tuition programs
www.deborahowens.com
7 Wealthy Habits
• Outlook• Vision
• Appetite• Mindset• Focus
• System• Legacy
Join the Power of the Purse Campaign
To engage, enlighten and equip millions of women to become financially empowered
• Visit www.deborahowens.com to learn how you can join millions of women on their path to financial empowerment
• Host a Power of the Purse Seminar or Webinar at your work place, professional or social organization
• Start A Purse Group • Visit www.apurseofyourown.ning.com
Owens Media GroupA Financial Lifestyle Company
• Webinars• Seminars• Television production• Radio• Consulting• Publishing
