HSC Finance Presentation

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HSC Finance Presentation

  1. 1. SmartChange™<br />Presented by <br />Tony Aguilar<br />Founder of Amiti Advising<br />Amiti Advising loves you. © 2011<br />
  2. 2. Tony Aguilar<br /><ul><li>Indiana University
  3. 3. Finance, business law, economics
  4. 4. Professional Poker Player
  5. 5. Financial Advisor 3+ Years</li></ul>Twitter<br /><ul><li>@TonyAguilar
  6. 6. @AmitiAdvising</li></ul>Amiti Advising loves you. © 2011<br />
  7. 7. amitiadvising<br />First affordable financial advising firm that is focused on young professionals, young families, & college students.<br />Our goal is simple, to make quality financial education, guidance, & support accessible to everyone.<br />Amity - A friendly relationship; friendship.<br />www.LiveYoungLiveSmart.com<br />Live Young | Live Smart™<br />Amiti Advising loves you. © 2011<br />
  8. 8. Overview<br /><ul><li>What’s your money personality?
  9. 9. Tools for Building Your Financial House
  10. 10. Save or Pay-off Debt?
  11. 11. Credit Crunch
  12. 12. Intelligent Investing</li></ul>Amiti Advising loves you. © 2011<br />
  13. 13. Take out your cell phones<br />Text questions to 96362.<br />Text ‘Amiti’ followed by your question.<br />Amiti Advising loves you. © 2011<br />
  14. 14. Goals<br />Long-Term<br />20+ Years<br />__________________________<br />Intermediate<br />6-20 Years<br />__________________________<br />Short-Term<br />1-5 Years<br />Amiti Advising loves you. © 2011<br />
  15. 15. What is your money personality?<br />Accountability<br />
  16. 16. Where does our money personality come from?<br /><ul><li>80% comes from our direct environment
  17. 17. Finance is about habits and understanding cause and effect – NOT about numbers
  18. 18. You can change
  19. 19. Take advantage of it NOW!</li></ul>Amiti Advising loves you. © 2011<br />
  20. 20. Financial<br />House<br />Amiti Advising loves you. © 2011<br />
  21. 21. Financial<br />House<br />Amiti Advising loves you. © 2011<br />
  22. 22. Spending Plan<br />Track your spending history.<br />Analyze your spending habits.<br />Project future income.<br />Project future expenses.<br />Create desired budget.<br />Track spending. <br />Accountability partner.<br />Amiti Advising loves you. © 2011<br />
  23. 23. Budget Breakdown<br /><ul><li>50-30-20 Budget
  24. 24. 3 Main Areas
  25. 25. Needs
  26. 26. 25% - Housing
  27. 27. 15% - Transportation
  28. 28. 10% - Food
  29. 29. Savings
  30. 30. Savings Account
  31. 31. 401k/403b
  32. 32. IRA/Roth
  33. 33. Brokerage Account
  34. 34. Wants
  35. 35. Lifestyle</li></ul>Amiti Advising loves you. © 2011<br />
  36. 36. MoneyU.com<br /><ul><li>Online Financial Literacy Course
  37. 37. Interactive Game
  38. 38. Unbiased
  39. 39. Self Directed
  40. 40. $15 for HSC
  41. 41. Text ‘MoneyU’ if interested</li></ul>Amiti Advising loves you. © 2011<br />
  42. 42. Do I save or do I pay-off debt???<br />Amiti Advising loves you. © 2011<br />
  43. 43. Deceiving Debt Cycle<br />Put together debt repayment plan.<br />Begin making extra payments on debt with no savings.<br />Life happens.<br />Swipe credit card and increase debt amount again.<br />Amiti Advising loves you. © 2011<br />
  44. 44. Emergency Fund<br />Figure out how much you need to save.<br />Rule of Thumb – Amount of Deductibles.<br />Save more depending on your situation.<br />Piece of mind.<br />Open savings account. <br />Online banks.<br />Amiti Advising loves you. © 2011<br />
  45. 45. Debt Repayment Strategies<br /><ul><li>2 Approaches
  46. 46. Snowball
  47. 47. High Rate
  48. 48. Same Process
  49. 49. Organize in order
  50. 50. Increase debt payments until first one is paid off
  51. 51. Carry that payment to next
  52. 52. Piece of Mind
  53. 53. Rule of 72
  54. 54. Student Loans
  55. 55. 4%
  56. 56. Minimum Payments </li></ul>Amiti Advising loves you. © 2011<br />
  57. 57. Student Loans<br /><ul><li>Federal vs Private
  58. 58. Subsidized vs Unsubsidized
  59. 59. Information
  60. 60. studentclearinghouse.org
  61. 61. www.nslds.ed.gov
  62. 62. Deferment & Forbearance
  63. 63. Repayment Plans
  64. 64. Consolidation</li></ul>Amiti Advising loves you. © 2011<br />
  65. 65. Credit Crunch<br /><ul><li>Why credit is important
  66. 66. Credit Report vs Credit Score
  67. 67. 3 Credit Agencies
  68. 68. Equifax
  69. 69. TransUnion
  70. 70. Experian
  71. 71. Where to get them
  72. 72. Annualcreditreport.com
  73. 73. Creditkarma.com</li></ul>Amiti Advising loves you. © 2011<br />
  74. 74. Ready for Retirement?<br /><ul><li>25 Years Old
  75. 75. Retire at Age 65
  76. 76. Live Until 90
  77. 77. $75,000/year Lifestyle
  78. 78. How much do you need saved up?</li></ul>$3,397,107<br />Amiti Advising loves you. © 2011<br />
  79. 79. Intelligent Investing <br /><ul><li>Start Now
  80. 80. Compounding Interest
  81. 81. Einstein – “The most powerful force in the universe is compound interest”</li></ul>At Age 65<br />$579,000<br />At Age 65<br />$470,000<br />Amiti Advising loves you. © 2011<br />
  82. 82. Intelligent Investing <br /><ul><li>Take Advantage of Retirement Accounts
  83. 83. Matching
  84. 84. Vesting
  85. 85. Diversification
  86. 86. Stock Picking
  87. 87. Timing
  88. 88. Asset Allocation
  89. 89. Asset Allocation</li></ul>Amiti Advising loves you. © 2011<br />
  90. 90. Tony Aguilar<br />@TonyAguilar<br />@AmitiAdvising<br />tony@amitiadvising.com<br />817-905-3064<br />

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