Cs Mot Wkshp

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  • Introductions provide brief personal intro. Hello. I am (NAME) and I am (JOB TITLE) at (COMPANY) but today, I am here as a volunteer for Columbus Saves, a new program I want to tell you more about. Columbus Saves is a broad coalition whose purpose is to help individuals build wealth through saving and debt reduction. This program promotes savings and wealth-building for all Columbus-area residents.
  • Cs Mot Wkshp

    1. 1. You CAN Build Wealth
    2. 2. The Good News: You CAN save and build wealth <ul><li>What is wealth? </li></ul><ul><li>Can YOU be wealthy? </li></ul>
    3. 3. Start with financial dreams <ul><li>What are your financial dreams? </li></ul><ul><li>Do you dream about being wealthy? </li></ul>
    4. 4. Dreams CAN become goals <ul><li>If they are SMART : </li></ul><ul><li>S pecific </li></ul><ul><li>M easurable </li></ul><ul><li>A greed Upon </li></ul><ul><li>R ealistic </li></ul><ul><li>T imed </li></ul>
    5. 5. SMART goals are easy <ul><li>Pay off $2,500 credit card balance by Dec. 2008 </li></ul><ul><li>Save $2,000 in two years for an emergency fund </li></ul>
    6. 6. The Bad News: We’re living on the financial edge <ul><li>3 of 4 Americans face at least one major financial problem </li></ul><ul><li>Household saving at all time low </li></ul><ul><li>Record number of bankruptcy filings </li></ul><ul><li>Household debt = $7 trillion+ </li></ul>
    7. 7. How can you find money to save? <ul><li>Before purchasing ask yourself: </li></ul><ul><ul><li>Do I need this? </li></ul></ul><ul><ul><li>Is it even good for me? </li></ul></ul><ul><ul><li>What happens if I do not have it? </li></ul></ul><ul><ul><li>Is there a better way to use this money? </li></ul></ul>
    8. 8. The Miracle of Compound Interest 31% of total ($24,000) is principal 69% of total ($52,301) is interest on principal and interest on interest
    9. 9. Wealth Building Strategies <ul><li>Set specific goals such as: </li></ul><ul><ul><li>Drive a car that is paid for </li></ul></ul><ul><ul><li>Buy furniture, don’t finance it </li></ul></ul><ul><ul><li>Save $50 a month through a local financial institution </li></ul></ul>
    10. 10. Wealth Building Strategies <ul><li>Save through employer’s retirement plan </li></ul><ul><ul><li>401(k) or 403(b) plans </li></ul></ul><ul><li>Contribute to your Roth IRA </li></ul><ul><li>Saving in your home </li></ul><ul><ul><li>Buy a home that you can afford </li></ul></ul><ul><ul><li>Build equity, rather than paying rent </li></ul></ul>
    11. 11. 3 GOLDEN RULES for SAVING <ul><li>Spend less than you earn and save the difference </li></ul><ul><li>Develop a simple saving plan </li></ul><ul><li>Set up automatic deductions </li></ul>
    12. 12. ColumbusSaver Benefits <ul><li>No-fee/low-fee savings accounts </li></ul><ul><li>Free one-on-one wealth coaching </li></ul><ul><li>Seminars taught by experts </li></ul><ul><li>Referrals to needed resources </li></ul><ul><li>Wealth-building clubs </li></ul><ul><li>American Saver newsletter 4 times a year </li></ul>
    13. 13. Save and Build Wealth <ul><li>How does ColumbusSaves work? </li></ul><ul><li>What does it take to become a ColumbusSaver ? </li></ul><ul><ul><li>Set a wealth building goal </li></ul></ul><ul><ul><li>Fill out an enrollment form </li></ul></ul><ul><ul><li>Visit with a personal wealth coach </li></ul></ul>
    14. 14. Any Questions????

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