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Lynette Latinsky - Can Lunch Be On Me Today?

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Lynette Latinsky - Can Lunch Be On Me Today?

  1. 1. @lynlatinsky #stayfresh14 CAN LUNCH REALLY BE ON ME TODAY?
  2. 2. <ul><li>Financial Goals: </li></ul><ul><li>Where are you going ? </li></ul><ul><li>What do you need ? </li></ul><ul><li>How – </li></ul><ul><li>Where will money </li></ul><ul><li>come from? </li></ul>Ask yourself
  3. 3. <ul><li>Used to calculate the number of years for money to double </li></ul><ul><li>72 divided by interest rate </li></ul>Rule of 72
  4. 4. <ul><li>With 3.5 % inflation it should take how many years for your currency to halve ? </li></ul>If you pay 19% interest on your credit card, with no principle payment, the amount you owe will double in ________ years ? 72/3.5 What is the average interest rate on a credit card? 20.57 3.7 Rule of 72
  5. 5. <ul><li>Manolo Blahnik Shoes $679.80 </li></ul>Bugatti Veyron $1,700,000 Needs
  6. 6. <ul><li>Collect Information </li></ul>Plan
  7. 7. <ul><li>Record income </li></ul><ul><li>List expenses </li></ul><ul><li>Fixed </li></ul><ul><li>Variable </li></ul>Plan
  8. 8. How
  9. 9. <ul><li>Check your accounts </li></ul><ul><ul><ul><li>Credit Cards </li></ul></ul></ul><ul><ul><ul><li>Chequing </li></ul></ul></ul><ul><ul><ul><li>Debit card </li></ul></ul></ul><ul><ul><ul><li>Savings </li></ul></ul></ul>Review
  10. 10. <ul><li>How much cash do you have in your wallet/purse </li></ul><ul><li>Did you use your debit/credit card today </li></ul><ul><li>How much did you spend .. On what? </li></ul><ul><li>Cost of 1 coffee /day $2 x 5 days = $10/work week = $40/month </li></ul><ul><li>Lunch $7/day x 5 = $35 x4 = $140/m </li></ul>Consider
  11. 11. Now you know how much money you have to spend , and what you are spending it on, start to “spend smart .....” Lunch
  12. 12. <ul><li>Who’s taking me to lunch ?? </li></ul><ul><li>So now that you know ..... </li></ul>
  13. 13. <ul><li>Lynette Latinsky </li></ul><ul><li>Email: [email_address] </li></ul><ul><li>Twitter :@lynlatinsky. </li></ul><ul><li>Call: (416) 417-3224 </li></ul>Contact me
  14. 14. <ul><li>DISCLAIMER </li></ul><ul><li>The material presented in this seminar is for information purposes only and should not be construed as advice. </li></ul><ul><li>Find an advisor you can work with to develop your own personalized plan. </li></ul>

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