SlideShare a Scribd company logo
11 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt 
PPrreesseenntteedd BByy 
LLeesslliiee--AAnnnn MMoooorree,, MMBBAA
2 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt
3 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt 
 CCrreeaattee aa PPllaann 
- HHuunnddrreeddss ooff tthhoouussaannddss ooff AAmmeerriiccaannss 
eeaacchh yyeeaarr ffiinndd tthheemmsseellvveess aatt rreettiirreemmeenntt 
aaggee wwiitthhoouutt tthhee nneecceessssaarryy ffuunnddss ttoo rreettiirree.. 
WWhhyy??
4 
CCrreeaattee aa PPllaann 
 IImmppoorrttaanntt qquueessttiioonnss aasskk yyoouurrsseellff 
- HHooww mmuucchh mmoonneeyy wwiillll II nneeeedd ttoo rreettiirree?? 
- AAtt wwhhaatt aaggee ddoo II wwaanntt ttoo rreettiirree?? 
- HHooww wwiillll tthhee mmoonneeyy ggeett tthheerree??
5 
CCrreeaattee aa PPllaann 
SStteepp AA-- SSeett aa GGooaall 
EExx.. MMoonntthhllyy && YYeeaarrllyy 
CCoonnttrriibbuuttiioonn 
nneecceessssaarryy ttoo ssaavvee 
335500,,000000 bbyy aaggee 6655 
AAggee MMoonntthhllyy 
CCoonnttrriibbuu 
ttiioonn 
IInntteerreesstt 
RRaatteess 
YYeeaarrllyy 
CCoonnttrriibbuutt 
iioonn 
2255 664444..4433 1100%% 77773333..1100 
3355 11667711..4422 1100%% 2200,,005577 
4455 44330088..2233 1100%% 5511669988..77 
00
6 
CCrreeaattee aa PPllaann 
SStteepp BB-- PPaayy YYoouurrsseellff ffiirrsstt 
--HHooww aarree yyoouu ggooiinngg ttoo ffiinndd tthhee mmoonneeyy iinn 
yyoouurr bbuuddggeett ttoo ppuutt aawwaayy ffoorr tthhee ffuuttuurree??
7 
CCrreeaattee aa PPllaann 
 KKeeyy ttoo iinnvveessttmmeenntt ssuucccceessss 
--DDoo ffoorr yyoouurrsseellff wwhhaatt tthhee ggoovveerrnnmmeenntt ddooeess 
ffoorr yyoouu 
--SSeett aassiiddee aa ppeerrcceennttaaggee ooff yyoouurr iinnccoommee 
aanndd ssaavvee iitt
8 
CCrreeaattee aa PPllaann 
 SStteepp CC-- SSttaarrtt TTooddaayy aanndd BBee 
ccoonnssiisstteenntt 
-- GGrreeaatt aaccccoommpplliisshhmmeennttss ddoonn’’tt rreeqquuiirree aa hhuuggee iinniittiiaall 
iinnvveessttmmeenntt 
JJeeaannnniiee AAlleexx 
WWhhoo hhaass mmoorree mmoonneeyy aatt rreettiirreemmeenntt??
WWaayyss ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt 
9 
JJeeaannnniiee DDooeess 
 TThhee vvaalluuee ooff hheerr iinnvveessttmmeenntt aatt aaggee 6655 iiss 
$$11,,003355,,116600 
 WWhhiillee AAlleexx iiss wwoorrtthh oonnllyy $$888833,,118855 
TThhiiss iiss dduuee ttoo tthhee ccoommppoouunndd eeqquuaattiioonn
10 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt 
 CCoommppoouunndd iinntteerreesstt eeqquuaattiioonn 
FFVVnn==PPVV xx ((11 ++ ii))^^nn 
FFVV== FFuuttuurree VVaalluuee aatt eenndd ooff ppeerriioodd 
PPVV== PPrreesseenntt VVaalluuee 
ii== aannnnuuaall rraattee ooff iinntteerreesstt ppaaiidd 
NN== ## ooff yyeeaarrss tthhaatt tthhee mmoonneeyy iiss lleefftt oonn 
ddeeppoossiitt
11 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt
12 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt 
 BBeeiinngg NNiiccee ttoo MMrr.. IInntteerreesstt 
WWhhoo iiss MMrr.. IInntteerreesstt?? 
--HHaarrddwwoorrkkiinngg eemmppllooyyeeee tthhaatt wwoorrkkss ffoorr yyoouu 
2244 hhoouurrss aa ddaayy 
IIss hhee wwoorrkkiinngg ffoorr yyoouu oorr aaggaaiinnsstt yyoouu??
BBeeiinngg NNiiccee ttoo MMrr.. IInntteerreesstt 
 EExx.. GGeettttiinngg aa CCaarr LLooaann 
-- PPrriiccee ooff CCaarr iiss $$4433,,000000 
--1100 yyeeaarr llooaann,, iinntteerreesstt rraattee ooff 77..7755%% 
13
14 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt 
 DDeessiirree FFoorr IInnssttaanntt GGrraattiiffiiccaattiioonn 
-- WWee hhaattee lliinneess,, ttrraaffffiicc jjaammss aanndd wwee hhaattee ppaayyiinngg 
ccaasshh 
TThhiinnkk bbeeffoorree yyoouu ssppeenndd!!
15 
DDeessiirree FFoorr IInnssttaanntt 
GGrraattiiffiiccaattiioonn 
11.. SSppeenndd lleessss tthhaann yyoouu eeaarrnn 
22.. DDoonn’’tt bbuuyy oonn iimmppuullssee 
33.. RReessiisstt tthhee ddeessiirree
16 
Ways ttoo AAvvooiidd FFiinnaanncciiaall 
DDiilleemmmmaass 
aanndd SSaavvee FFoorr RReettiirreemmeenntt 
 AAccttiinngg LLiikkee TThhee FFuuttuurree WWiillll NNeevveerr 
AArrrriivvee 
--AApppplliieedd kknnoowwlleeddggee iiss ppoowweerr 
--FFuuttuurree iiss rriigghhtt aarroouunndd tthhee ccoorrnneerr ffoorr 
rreettiirreemmeenntt
SSuummmmaarryy SSlliiddee-- WWaayyss ttoo 
AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd 
SSaavvee FFoorr RReettiirreemmeenntt 
 CCrreeaattee aa ppllaann 
 BBee nniiccee ttoo MMrr.. IInntteerreesstt 
 AAvvooiidd tthhee ccoonnttiinnuuoouuss ddeessiirree ffoorr iinnssttaanntt 
ggrraattiiffiiccaattiioonn 
 DDoonn’’tt aacctt lliikkee tthhee ffuuttuurree wwiillll nneevveerr aarrrriivvee 
17
18 
SSoouurrcceess 
TThhee SSuurrvveeyy ooff CCoonnssuummeerr ppaayymmeenntt cchhooiiccee;; FFeeddeerraall 
RReesseerrvvee BBaannkk ooff BBoossttoonn,, JJaann.. 22001100 
22001100 RReettiirreemmeenntt CCoonnffiiddeennccee EEmmppllooyyeerr BBeenneeffiitt RReesseeaarrcchh 
IInnssttiittuuttee 22001100 
PPrriinncciipplleess ooff MMaannaaggeerriiaall FFiinnaannccee,, LLaawwrreennccee JJ.. GGiittmmaann 
TTaaxx-- FFrreeee RReettiirreemmeenntt,, PPaattrriicckk KKeellllyy

More Related Content

What's hot

Pathologie ortho de l'enfant module 1
Pathologie ortho de l'enfant module 1Pathologie ortho de l'enfant module 1
Pathologie ortho de l'enfant module 1
ROBERT ELBAUM
 
Paseando por París
Paseando por ParísPaseando por París
Paseando por París
Emilio Gil (unjubilado)
 
Hl rrb 001
Hl rrb 001Hl rrb 001
Hl rrb 001
Kusum Bajaj
 
Cyber Security Innovation IMHO v4
Cyber Security Innovation IMHO v4Cyber Security Innovation IMHO v4
Cyber Security Innovation IMHO v4
W Fred Seigneur
 
Cranioestenose
CranioestenoseCranioestenose
Team+work
Team+workTeam+work
Team+work
Hasmul Tafit
 
TIK
TIKTIK
film conventions
film conventionsfilm conventions
film conventionskwright123
 
Entrenamiento para Protección de Niños
Entrenamiento para Protección de NiñosEntrenamiento para Protección de Niños
Entrenamiento para Protección de Niños
CommunicationsTeam
 
Komunikasi serial avr
Komunikasi serial avrKomunikasi serial avr
Komunikasi serial avr
muslih4475
 
4 décret code ISM / OMI _ BIT _ OIT
4 décret code ISM / OMI _ BIT _ OIT4 décret code ISM / OMI _ BIT _ OIT
4 décret code ISM / OMI _ BIT _ OIT
Rabah HELAL
 
Informazione e-consenso
Informazione e-consensoInformazione e-consenso
Informazione e-consenso
autoformazione
 
Amenorrhea
AmenorrheaAmenorrhea
Amenorrhea
Tevfik Yoldemir
 
Sistema de gestion centro1
Sistema de gestion centro1Sistema de gestion centro1
Sistema de gestion centro1
Alexander Checo
 
Protocolos - Lesionología o Traumatología forense
Protocolos - Lesionología o Traumatología forenseProtocolos - Lesionología o Traumatología forense
Protocolos - Lesionología o Traumatología forense
Centro de Estudios Judiciales
 
Convention cnudci - responsabilité des exploitants de terminaux
Convention   cnudci - responsabilité des exploitants de terminauxConvention   cnudci - responsabilité des exploitants de terminaux
Convention cnudci - responsabilité des exploitants de terminauxRabah HELAL
 

What's hot (19)

Pathologie ortho de l'enfant module 1
Pathologie ortho de l'enfant module 1Pathologie ortho de l'enfant module 1
Pathologie ortho de l'enfant module 1
 
Paseando por París
Paseando por ParísPaseando por París
Paseando por París
 
Hl rrb 001
Hl rrb 001Hl rrb 001
Hl rrb 001
 
Hl rrb 001
Hl rrb 001Hl rrb 001
Hl rrb 001
 
Cyber Security Innovation IMHO v4
Cyber Security Innovation IMHO v4Cyber Security Innovation IMHO v4
Cyber Security Innovation IMHO v4
 
Cranioestenose
CranioestenoseCranioestenose
Cranioestenose
 
Team+work
Team+workTeam+work
Team+work
 
Ch13 lecture0
Ch13 lecture0Ch13 lecture0
Ch13 lecture0
 
TIK
TIKTIK
TIK
 
film conventions
film conventionsfilm conventions
film conventions
 
Entrenamiento para Protección de Niños
Entrenamiento para Protección de NiñosEntrenamiento para Protección de Niños
Entrenamiento para Protección de Niños
 
Komunikasi serial avr
Komunikasi serial avrKomunikasi serial avr
Komunikasi serial avr
 
4 décret code ISM / OMI _ BIT _ OIT
4 décret code ISM / OMI _ BIT _ OIT4 décret code ISM / OMI _ BIT _ OIT
4 décret code ISM / OMI _ BIT _ OIT
 
Informazione e-consenso
Informazione e-consensoInformazione e-consenso
Informazione e-consenso
 
Amenorrhea
AmenorrheaAmenorrhea
Amenorrhea
 
Sistema de gestion centro1
Sistema de gestion centro1Sistema de gestion centro1
Sistema de gestion centro1
 
Protocolos - Lesionología o Traumatología forense
Protocolos - Lesionología o Traumatología forenseProtocolos - Lesionología o Traumatología forense
Protocolos - Lesionología o Traumatología forense
 
Convention cnudci - responsabilité des exploitants de terminaux
Convention   cnudci - responsabilité des exploitants de terminauxConvention   cnudci - responsabilité des exploitants de terminaux
Convention cnudci - responsabilité des exploitants de terminaux
 
Imperialism
ImperialismImperialism
Imperialism
 

Viewers also liked

Ukuran Pemusatan dan Letak Data
Ukuran Pemusatan dan Letak DataUkuran Pemusatan dan Letak Data
Ukuran Pemusatan dan Letak Data
Aisyah Turidho
 
pola kegiatan perekonomian
pola kegiatan perekonomianpola kegiatan perekonomian
pola kegiatan perekonomian
subaryati
 
Pelaku Kegiatan Ekonomi
Pelaku Kegiatan EkonomiPelaku Kegiatan Ekonomi
Pelaku Kegiatan Ekonomi
Putri Nadhilah
 
Ignite 도담 ppt (신계초)
Ignite 도담 ppt (신계초)Ignite 도담 ppt (신계초)
Ignite 도담 ppt (신계초)bcpfdream
 
Communicatie 3 - MBTI
Communicatie 3 - MBTICommunicatie 3 - MBTI
Communicatie 3 - MBTIPeter Meijer
 
Faut-il ouvrir une boutique en ligne de bijoux ?
Faut-il ouvrir une boutique en ligne de bijoux ?Faut-il ouvrir une boutique en ligne de bijoux ?
Faut-il ouvrir une boutique en ligne de bijoux ?
Françoise CALLIN
 
My perfect world
My perfect worldMy perfect world
My perfect world
alyumega
 
The Christian Sister and Her Social Life
The Christian Sister and Her Social LifeThe Christian Sister and Her Social Life
The Christian Sister and Her Social Life
Church of Christ, Sangotedo, Lekki
 
School Trip to France-Rocknroll Adventures Ltd
School Trip to France-Rocknroll Adventures LtdSchool Trip to France-Rocknroll Adventures Ltd
School Trip to France-Rocknroll Adventures Ltd
RocknRoll
 
Logic gates
Logic gatesLogic gates
Logic gates
Dwij Barad
 
Jesus Is The Way
Jesus Is The WayJesus Is The Way
It's Time to Take a Stand
It's Time to Take a StandIt's Time to Take a Stand
It's Time to Take a Stand
Church of Christ, Sangotedo, Lekki
 
Monacaとmobile backendで簡単モバイルアプリ開発
Monacaとmobile backendで簡単モバイルアプリ開発Monacaとmobile backendで簡単モバイルアプリ開発
Monacaとmobile backendで簡単モバイルアプリ開発
Yuki Okawa
 
Righteousness that Exceeds that of the Pharisees’
Righteousness that Exceeds that of the Pharisees’Righteousness that Exceeds that of the Pharisees’
Righteousness that Exceeds that of the Pharisees’
Church of Christ, Sangotedo, Lekki
 
Comfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite Zürich
Comfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite ZürichComfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite Zürich
Comfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite Zürich
SocialZebras
 
Putting The Past In The Past
Putting The Past In The PastPutting The Past In The Past
Putting The Past In The Past
Church of Christ, Sangotedo, Lekki
 
Where Do You Set Your Affections By Bro. John Eko
Where Do You Set Your Affections By Bro. John EkoWhere Do You Set Your Affections By Bro. John Eko
Where Do You Set Your Affections By Bro. John Eko
Church of Christ, Sangotedo, Lekki
 
IDD Project-3조
IDD Project-3조IDD Project-3조
IDD Project-3조
bcpfdream
 
Wisdom Regarding Speech from the Book of Proverbs by Deacon Michael Ebong
Wisdom Regarding Speech from the Book of Proverbs by Deacon Michael EbongWisdom Regarding Speech from the Book of Proverbs by Deacon Michael Ebong
Wisdom Regarding Speech from the Book of Proverbs by Deacon Michael Ebong
Church of Christ, Sangotedo, Lekki
 
A School Trip To France - Rocknrolladventures.com
A School Trip To France - Rocknrolladventures.comA School Trip To France - Rocknrolladventures.com
A School Trip To France - Rocknrolladventures.com
RocknRoll
 

Viewers also liked (20)

Ukuran Pemusatan dan Letak Data
Ukuran Pemusatan dan Letak DataUkuran Pemusatan dan Letak Data
Ukuran Pemusatan dan Letak Data
 
pola kegiatan perekonomian
pola kegiatan perekonomianpola kegiatan perekonomian
pola kegiatan perekonomian
 
Pelaku Kegiatan Ekonomi
Pelaku Kegiatan EkonomiPelaku Kegiatan Ekonomi
Pelaku Kegiatan Ekonomi
 
Ignite 도담 ppt (신계초)
Ignite 도담 ppt (신계초)Ignite 도담 ppt (신계초)
Ignite 도담 ppt (신계초)
 
Communicatie 3 - MBTI
Communicatie 3 - MBTICommunicatie 3 - MBTI
Communicatie 3 - MBTI
 
Faut-il ouvrir une boutique en ligne de bijoux ?
Faut-il ouvrir une boutique en ligne de bijoux ?Faut-il ouvrir une boutique en ligne de bijoux ?
Faut-il ouvrir une boutique en ligne de bijoux ?
 
My perfect world
My perfect worldMy perfect world
My perfect world
 
The Christian Sister and Her Social Life
The Christian Sister and Her Social LifeThe Christian Sister and Her Social Life
The Christian Sister and Her Social Life
 
School Trip to France-Rocknroll Adventures Ltd
School Trip to France-Rocknroll Adventures LtdSchool Trip to France-Rocknroll Adventures Ltd
School Trip to France-Rocknroll Adventures Ltd
 
Logic gates
Logic gatesLogic gates
Logic gates
 
Jesus Is The Way
Jesus Is The WayJesus Is The Way
Jesus Is The Way
 
It's Time to Take a Stand
It's Time to Take a StandIt's Time to Take a Stand
It's Time to Take a Stand
 
Monacaとmobile backendで簡単モバイルアプリ開発
Monacaとmobile backendで簡単モバイルアプリ開発Monacaとmobile backendで簡単モバイルアプリ開発
Monacaとmobile backendで簡単モバイルアプリ開発
 
Righteousness that Exceeds that of the Pharisees’
Righteousness that Exceeds that of the Pharisees’Righteousness that Exceeds that of the Pharisees’
Righteousness that Exceeds that of the Pharisees’
 
Comfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite Zürich
Comfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite ZürichComfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite Zürich
Comfort Zone Crushing | Stefan Meier & Charlie Rüffieux | Ignite Zürich
 
Putting The Past In The Past
Putting The Past In The PastPutting The Past In The Past
Putting The Past In The Past
 
Where Do You Set Your Affections By Bro. John Eko
Where Do You Set Your Affections By Bro. John EkoWhere Do You Set Your Affections By Bro. John Eko
Where Do You Set Your Affections By Bro. John Eko
 
IDD Project-3조
IDD Project-3조IDD Project-3조
IDD Project-3조
 
Wisdom Regarding Speech from the Book of Proverbs by Deacon Michael Ebong
Wisdom Regarding Speech from the Book of Proverbs by Deacon Michael EbongWisdom Regarding Speech from the Book of Proverbs by Deacon Michael Ebong
Wisdom Regarding Speech from the Book of Proverbs by Deacon Michael Ebong
 
A School Trip To France - Rocknrolladventures.com
A School Trip To France - Rocknrolladventures.comA School Trip To France - Rocknrolladventures.com
A School Trip To France - Rocknrolladventures.com
 

Similar to Ways To Avoid Financial Dilemma Presentation 2010

Cursos Polilab - Degradação e estabilização de polímeros aula 04
Cursos Polilab - Degradação e estabilização de polímeros aula 04Cursos Polilab - Degradação e estabilização de polímeros aula 04
Cursos Polilab - Degradação e estabilização de polímeros aula 04
Fernando Jose Novaes
 
History of Operation Management
History of Operation Management History of Operation Management
History of Operation Management
ISMAIEL KUN
 
SHRM N ch07
SHRM N ch07SHRM N ch07
SHRM N ch07
Dhamo daran
 
e_mail / Tribunal Administratif International / BIT / OMI
 e_mail / Tribunal Administratif International / BIT / OMI e_mail / Tribunal Administratif International / BIT / OMI
e_mail / Tribunal Administratif International / BIT / OMI
Rabah HELAL
 
Market research positioning
Market research   positioningMarket research   positioning
Market research positioningPankaj Soni
 
1 pdt tribunal international administratif
1 pdt tribunal international administratif1 pdt tribunal international administratif
1 pdt tribunal international administratif
Rabah HELAL
 
Auditoria interna
Auditoria internaAuditoria interna
Auditoria interna
Alfonso Pardo
 
Auditoria interna
Auditoria internaAuditoria interna
Auditoria interna
Alfonso Pardo
 
The right of children to free and compulsory education act, 2009
The right of children to free and compulsory education act, 2009The right of children to free and compulsory education act, 2009
The right of children to free and compulsory education act, 2009
mahesh lone
 
21 high-quality programming code construction part-i
21 high-quality programming code construction part-i21 high-quality programming code construction part-i
21 high-quality programming code construction part-i
maznabili
 
Virus
VirusVirus
Virus
VirusVirus
Virus
Luis Mejia
 
Virus informaticos
Virus informaticosVirus informaticos
Virus informaticos
Luis Mejia
 
Virus informatico
Virus informaticoVirus informatico
Virus informatico
brunorenato7
 
Conventions internationales
Conventions internationalesConventions internationales
Conventions internationalesRabah HELAL
 
Analgetik – narkotik
Analgetik – narkotikAnalgetik – narkotik
Analgetik – narkotik
Sovian Pekei
 
Chapter 6 groups and formal organization
Chapter 6 groups and formal organizationChapter 6 groups and formal organization
Chapter 6 groups and formal organization
Kent Hansen
 
Agency and The Use of Electronic Media
Agency and The Use of Electronic MediaAgency and The Use of Electronic Media
Agency and The Use of Electronic Media
Steve Lines
 

Similar to Ways To Avoid Financial Dilemma Presentation 2010 (20)

Cursos Polilab - Degradação e estabilização de polímeros aula 04
Cursos Polilab - Degradação e estabilização de polímeros aula 04Cursos Polilab - Degradação e estabilização de polímeros aula 04
Cursos Polilab - Degradação e estabilização de polímeros aula 04
 
History of Operation Management
History of Operation Management History of Operation Management
History of Operation Management
 
SHRM N ch07
SHRM N ch07SHRM N ch07
SHRM N ch07
 
e_mail / Tribunal Administratif International / BIT / OMI
 e_mail / Tribunal Administratif International / BIT / OMI e_mail / Tribunal Administratif International / BIT / OMI
e_mail / Tribunal Administratif International / BIT / OMI
 
Market research positioning
Market research   positioningMarket research   positioning
Market research positioning
 
1 pdt tribunal international administratif
1 pdt tribunal international administratif1 pdt tribunal international administratif
1 pdt tribunal international administratif
 
Auditoria interna
Auditoria internaAuditoria interna
Auditoria interna
 
Auditoria interna
Auditoria internaAuditoria interna
Auditoria interna
 
The right of children to free and compulsory education act, 2009
The right of children to free and compulsory education act, 2009The right of children to free and compulsory education act, 2009
The right of children to free and compulsory education act, 2009
 
Ch13 lecture0 (1)
Ch13 lecture0 (1)Ch13 lecture0 (1)
Ch13 lecture0 (1)
 
21 high-quality programming code construction part-i
21 high-quality programming code construction part-i21 high-quality programming code construction part-i
21 high-quality programming code construction part-i
 
Virus
VirusVirus
Virus
 
Virus
VirusVirus
Virus
 
Virus informaticos
Virus informaticosVirus informaticos
Virus informaticos
 
Virus informatico
Virus informaticoVirus informatico
Virus informatico
 
Time ss10
Time ss10Time ss10
Time ss10
 
Conventions internationales
Conventions internationalesConventions internationales
Conventions internationales
 
Analgetik – narkotik
Analgetik – narkotikAnalgetik – narkotik
Analgetik – narkotik
 
Chapter 6 groups and formal organization
Chapter 6 groups and formal organizationChapter 6 groups and formal organization
Chapter 6 groups and formal organization
 
Agency and The Use of Electronic Media
Agency and The Use of Electronic MediaAgency and The Use of Electronic Media
Agency and The Use of Electronic Media
 

Ways To Avoid Financial Dilemma Presentation 2010

  • 1. 11 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt PPrreesseenntteedd BByy LLeesslliiee--AAnnnn MMoooorree,, MMBBAA
  • 2. 2 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt
  • 3. 3 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt  CCrreeaattee aa PPllaann - HHuunnddrreeddss ooff tthhoouussaannddss ooff AAmmeerriiccaannss eeaacchh yyeeaarr ffiinndd tthheemmsseellvveess aatt rreettiirreemmeenntt aaggee wwiitthhoouutt tthhee nneecceessssaarryy ffuunnddss ttoo rreettiirree.. WWhhyy??
  • 4. 4 CCrreeaattee aa PPllaann  IImmppoorrttaanntt qquueessttiioonnss aasskk yyoouurrsseellff - HHooww mmuucchh mmoonneeyy wwiillll II nneeeedd ttoo rreettiirree?? - AAtt wwhhaatt aaggee ddoo II wwaanntt ttoo rreettiirree?? - HHooww wwiillll tthhee mmoonneeyy ggeett tthheerree??
  • 5. 5 CCrreeaattee aa PPllaann SStteepp AA-- SSeett aa GGooaall EExx.. MMoonntthhllyy && YYeeaarrllyy CCoonnttrriibbuuttiioonn nneecceessssaarryy ttoo ssaavvee 335500,,000000 bbyy aaggee 6655 AAggee MMoonntthhllyy CCoonnttrriibbuu ttiioonn IInntteerreesstt RRaatteess YYeeaarrllyy CCoonnttrriibbuutt iioonn 2255 664444..4433 1100%% 77773333..1100 3355 11667711..4422 1100%% 2200,,005577 4455 44330088..2233 1100%% 5511669988..77 00
  • 6. 6 CCrreeaattee aa PPllaann SStteepp BB-- PPaayy YYoouurrsseellff ffiirrsstt --HHooww aarree yyoouu ggooiinngg ttoo ffiinndd tthhee mmoonneeyy iinn yyoouurr bbuuddggeett ttoo ppuutt aawwaayy ffoorr tthhee ffuuttuurree??
  • 7. 7 CCrreeaattee aa PPllaann  KKeeyy ttoo iinnvveessttmmeenntt ssuucccceessss --DDoo ffoorr yyoouurrsseellff wwhhaatt tthhee ggoovveerrnnmmeenntt ddooeess ffoorr yyoouu --SSeett aassiiddee aa ppeerrcceennttaaggee ooff yyoouurr iinnccoommee aanndd ssaavvee iitt
  • 8. 8 CCrreeaattee aa PPllaann  SStteepp CC-- SSttaarrtt TTooddaayy aanndd BBee ccoonnssiisstteenntt -- GGrreeaatt aaccccoommpplliisshhmmeennttss ddoonn’’tt rreeqquuiirree aa hhuuggee iinniittiiaall iinnvveessttmmeenntt JJeeaannnniiee AAlleexx WWhhoo hhaass mmoorree mmoonneeyy aatt rreettiirreemmeenntt??
  • 9. WWaayyss ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt 9 JJeeaannnniiee DDooeess  TThhee vvaalluuee ooff hheerr iinnvveessttmmeenntt aatt aaggee 6655 iiss $$11,,003355,,116600  WWhhiillee AAlleexx iiss wwoorrtthh oonnllyy $$888833,,118855 TThhiiss iiss dduuee ttoo tthhee ccoommppoouunndd eeqquuaattiioonn
  • 10. 10 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt  CCoommppoouunndd iinntteerreesstt eeqquuaattiioonn FFVVnn==PPVV xx ((11 ++ ii))^^nn FFVV== FFuuttuurree VVaalluuee aatt eenndd ooff ppeerriioodd PPVV== PPrreesseenntt VVaalluuee ii== aannnnuuaall rraattee ooff iinntteerreesstt ppaaiidd NN== ## ooff yyeeaarrss tthhaatt tthhee mmoonneeyy iiss lleefftt oonn ddeeppoossiitt
  • 11. 11 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt
  • 12. 12 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt  BBeeiinngg NNiiccee ttoo MMrr.. IInntteerreesstt WWhhoo iiss MMrr.. IInntteerreesstt?? --HHaarrddwwoorrkkiinngg eemmppllooyyeeee tthhaatt wwoorrkkss ffoorr yyoouu 2244 hhoouurrss aa ddaayy IIss hhee wwoorrkkiinngg ffoorr yyoouu oorr aaggaaiinnsstt yyoouu??
  • 13. BBeeiinngg NNiiccee ttoo MMrr.. IInntteerreesstt  EExx.. GGeettttiinngg aa CCaarr LLooaann -- PPrriiccee ooff CCaarr iiss $$4433,,000000 --1100 yyeeaarr llooaann,, iinntteerreesstt rraattee ooff 77..7755%% 13
  • 14. 14 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt  DDeessiirree FFoorr IInnssttaanntt GGrraattiiffiiccaattiioonn -- WWee hhaattee lliinneess,, ttrraaffffiicc jjaammss aanndd wwee hhaattee ppaayyiinngg ccaasshh TThhiinnkk bbeeffoorree yyoouu ssppeenndd!!
  • 15. 15 DDeessiirree FFoorr IInnssttaanntt GGrraattiiffiiccaattiioonn 11.. SSppeenndd lleessss tthhaann yyoouu eeaarrnn 22.. DDoonn’’tt bbuuyy oonn iimmppuullssee 33.. RReessiisstt tthhee ddeessiirree
  • 16. 16 Ways ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt  AAccttiinngg LLiikkee TThhee FFuuttuurree WWiillll NNeevveerr AArrrriivvee --AApppplliieedd kknnoowwlleeddggee iiss ppoowweerr --FFuuttuurree iiss rriigghhtt aarroouunndd tthhee ccoorrnneerr ffoorr rreettiirreemmeenntt
  • 17. SSuummmmaarryy SSlliiddee-- WWaayyss ttoo AAvvooiidd FFiinnaanncciiaall DDiilleemmmmaass aanndd SSaavvee FFoorr RReettiirreemmeenntt  CCrreeaattee aa ppllaann  BBee nniiccee ttoo MMrr.. IInntteerreesstt  AAvvooiidd tthhee ccoonnttiinnuuoouuss ddeessiirree ffoorr iinnssttaanntt ggrraattiiffiiccaattiioonn  DDoonn’’tt aacctt lliikkee tthhee ffuuttuurree wwiillll nneevveerr aarrrriivvee 17
  • 18. 18 SSoouurrcceess TThhee SSuurrvveeyy ooff CCoonnssuummeerr ppaayymmeenntt cchhooiiccee;; FFeeddeerraall RReesseerrvvee BBaannkk ooff BBoossttoonn,, JJaann.. 22001100 22001100 RReettiirreemmeenntt CCoonnffiiddeennccee EEmmppllooyyeerr BBeenneeffiitt RReesseeaarrcchh IInnssttiittuuttee 22001100 PPrriinncciipplleess ooff MMaannaaggeerriiaall FFiinnaannccee,, LLaawwrreennccee JJ.. GGiittmmaann TTaaxx-- FFrreeee RReettiirreemmeenntt,, PPaattrriicckk KKeellllyy

Editor's Notes

  1. Within the past 2-3 years many individuals across the country were affected by the turmoil that took place within the financial industry but also are imbedded with debt due to the wants that is ingrained in our society.So I felt it would be a good idea to inform individuals like yourselves on ways they can avoid present and future financial dilemmas.
  2. We hustle everyday to work, we think the gov’t and Social Security will help solve all our problems.
  3. Some important questions to ask yourself:1) How much money will I need to retire-It is easy to throw a number out there but how do you get there? Question 2- At what age do you want to retire? Many expect to retire at age 65 depending upon how many years they have put into an organization. But if you haven’t noticed there are people working well beyond their years, some because they have no choice. As I mentioned prior, many have depended only on social security, review the SS newsletter you get every qtr, there is a clause informing you about the extinction of Social Security. Question 3) How will the money get there? We are more trained to spend than to save, we pay our bills and expect to sock away whatever is left, but the problem is there usually isn’t anything left over , regardless if someone makes $20,000 or even $100,000. We are a nation of spenders! We see a nice pair of shoes costing over $500 we buy it, anything we want we get!
  4. Only 46% of Americans know how much to save for retire-Source: 2010 Retirement Confidence, Employer Benefit Research Institute 2010
  5. Inquire if crowd knows who this person is? It’s our favorite Uncle Sam.. Every month he makes sure he is the person to get paid from your income and he never forgets. What do you think would happen if Uncle Sam said pay your bills first, go shopping and buy that dress or those jeans you wanted all along, take that cruise while you’re at it then at the end of the month send whatever you have left. It would probably never happen! Ex: Tax season, most people wait till the last minute and for those that overextend, they end up paying extra or worse..jail time
  6. It may seem impossible but think of the things that you buy based on impulse: How many people drink coffee or smoke cigarettes? As opposed to going to dunkin donuts or starbucks everyday this is money that could be invested. $1, 3 adds up
  7. Jeannie- Age 19 started investing $2000 a year with a compound interest rate of 10%. At age 26 she stopped investing & left her $16,000 to grow until age 65 Alex- Age 27 began saving for his retirement he also contributed $2,000 per year but he contributed for 39 years and retire at 65. His contribution over the years was $78,000
  8. Sometimes people put off saving due to demands in their lives but don’t wait too late and say I should’ve , would’ve could’ve. There is only one way to break the cycle. Please note: this is also depends on the vehicle you use to save.
  9. Ex: Purchasing a car, the bank says you qualify for a loan. The price of the car is $43,000, you take out a 10 year loan at an interest rate of 7.75%. You think it’s great! But what you don’t realize is that Mr. Interest has already punched in his time clock. Your monthly payment is around $520 a month but once you add maintenance, fuel & insurance you are averaging $800 a month which you knew before. But when you take the $800 per month and include the 7.75% for the next ten years. You’re really paying $96,813.82. Please note: The moment acar gets off the lot it depreciates, so you lose value. Idea: What if you took the same $800 and invest it into a vehicle that doesn’t get taxed for the next 10 years and if had an average of 12% return you would have a savings of $184, 030.95
  10. We have home loans, car loans and most of all: credit card loans and then when we can’t pay those loans we take out a loan to pay them. 609.8 million credit cards held by U.S. consumers. (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010)
  11. Expression: Knowledge is power, actually applied knowledge is power. You can have all the knowledge in the world but what is the point if you don’t apply it. Future is right around the corner-We think it is an eternity away, don’t fall into the trap thinking you have plently of time. Start acting now