Hello, thanks for coming by my page! My name is Josh Bennet- I am a Certified Financial Planner, as well as the owner and founder of Vincere Wealth Management. I have been educating individuals about financial literacy for over eight years.
This financial literacy presentation is geared towards college students- focusing on topics such as money management, budgeting, wise spending, saving and investing, credit, and student debt. Have questions? Shoot me a message or check out my LinkedIn page for more daily content.
2. *FOR EDUCATIONAL PURPOSES ONLY. NO PORTION OF THIS CONTENT SHOULD BE CONSTRUED AS INVESTMENT
ADVICE. NO PORTION OF THIS CONTENT SHOULD BE CONSTRUED AS AN OFFER OR SOLICITATION FOR THE
PURCHASE OR SALE OF ANY SECURITY. REFERENCES TO SPECIFIC SECURITIES, INVESTMENT PROGRAMS OR FUNDS
ARE FOR ILLUSTRATIVE PURPOSES ONLY AND ARE NOT INTENDED TO BE, AND SHOULD NOT BE INTERPRETED AS
RECOMMENDATIONS TO PURCHASE OR SELL SUCH SECURITIES. PAST PERFORMANCE IS NOT A PREDICTOR OF
FUTURE RESULTS.
3. I enjoy helping individuals and businesses find
innovative solutions to finance, debt, tax and investment
strategies.
I have been educating students and professionals on
financial literacy for over eight years.
JOSH BENNET, CFP®
• OWNER OF VINCERE WEALTH MANAGEMENT
• FULL SERVICE
• FIDUCIARY
• INDIANA UNIVERSITY ALUMNI
5. MONEY
MANAGEMENT
THE PROCESS OF BUDGETING, SAVING,
INVESTING, SPENDING OR OTHERWISE
OVERSEEING THE CAPITAL USAGE OF AN
INDIVIDUAL OR GROUP.
CREATE A
BUDGET
CONSOLIDATE
YOUR DEBT
WISE
SPENDING
MAINTAIN
CREDIT
SAVE AND
INVEST
6. allows you to determine in advance whether you
will have enough money to do the things you
need to do or would like to do.
WHAT IS BUDGETING?
THE PROCESS OF CREATING
A PLAN TO SPEND YOUR
MONEY.
7. CREATE AN EXCEL DOCUMENT LISTING YOUR VARIOUS EXPENSES. BY VISUALIZING YOUR
EXPENSES, YOU CAN DETERMINE WHICH COSTS ARE NEEDS VERSUS WANTS.
CREATE A BUDGETING SPREADSHEET
FOOD
LOANS/SAVINGSFOOD
HOUSING
ENTERTAINMENT
ENTERTAINMENTTRANSPORTATION
8. PREGAME
UBER TO THE CLUB
ENTRANCE INTO THE CLUB
DRINK AT THE CLUB
PIZZA AFTER THE CLUB
UBER BACK HOME
$10-20
$15-20
$5-10
$15
$10
$15-$30
SPENDING
YOUR MONEY
WISLEY
GRAND TOTAL $70-$105
9. $105 A WEEK
$420 A MONTH
$7,560 A YEAR
$30,240 FOUR YEARS OF UNDERGRAD
$656,949 40 YEAR COMPOUND INTEREST
SPENDING
YOUR MONEY
WISLEY
WHAT COULD YOU USE $30,000 FOR?
10. What does he mean by earning it versus paying it?
“COMPOUND INTEREST IS THE
EIGHTH WONDER OF THE WORLD.
HE WHO UNDERSTANDS IT, EARNS
IT ... HE WHO DOESN'T ... PAYS IT”.
- ALBERT EINSTEIN
COMPOUNDING INTEREST
12. SAVE ON EXCESS
SPENDING
Can you save money by
drinking at home? Why
not take an Uber pool or
bus?
REEVALUATE
How often are you going
out? Can you afford to go
out? What are some ways
you can save money when
going out?
SPLIT COSTS
Do you split the bill with
you friends? Use Venmo or
a tab application to split
the bill evenly.
QUICK SOLUTIONS
13. $29,900
is the average student loan
debt at graduation for
Bachelor’s degree recipients.
13.7%
of the United States population
has student loan debt for
university programs.
14. • COMPOUNDING CAN WORK FOR OR AGAINST YOU IN
REGARDS TO STUDENT LOANS.
• SOME EMPLOYERS MAY OFFER STUDENT LOAN
REPAYMENT AS AN EMPLOYEE BENEFIT/SIGNING
BONUS.
• THERE ARE VARIOUS OPTIONS FOR
CONSOLIDATING/MANAGING YOUR STUDENT DEBT.
• BE CAREFUL WITH STUDENT LOANS AND ENSURE
YOU KNOW ALL THE IMPLICATIONS!
STUDENT
LOAN/DEBT
STUDENT LOANS ARE 1.5
TRILLION OUTSTANDING
EQUAL TO ABOUT 6.9% OF
THE UNITED STATES GROSS
PRODUCT.
15. YOU SHOULD BE SAVING AT LEAST 10%-20% OF YOUR INCOME.
SAVING AND INVESTING
SAVINGS
ACCOUNT
401K'SINDIVIDUAL
RETIREMENT
ACCOUNTS
(IRA’S)
INVESTMENT
ACCOUNTS/
BROKERAGE
ACCOUNTS
16. WHAT GOES INTO YOUR CREDIT SCORE?
AVAILABILITY
OF CREDIT
LATE PAYMENTS1
4
5
3
6
2
CREDIT
INQUIRES
DEBT TO
INCOME
NUMBER OF
ACCOUNTS
DEROGATORY
MARKS
17. MOST CREDIT CARDS
COMPOUND AT A RATE OF
15% - 25%
IF YOU OWN $2,000 IN CREDIT CARD
DEBT AND ARE MAKING JUST MINIMUM
MONTHLY PAYMENTS, IT WILL TAKE YOU
MORE THAN 18 YEARS AND A TOTAL OF
$4,600 – TO PAY OFF YOUR BALANCE
18. FOLLOW US ON SOCIAL MEDIA
VINCERE WEALTH @JOSHBENNETT_CFP@VINCEREWEALTH