KEYS TO FINANCIAL SUCCESS

HOW TO MANAGE AND MAXIMIZE YOUR ASSETS

PLAN YOUR FUTURE BY BEGINNING WITH THE END IN MIND

SPENDING HABITSWATCH FOR THREE BAD WORDS:

DISCOUNT! NOW! AND SAVE!WATCH FOR THESE BAD TERMS:

LIMITED TIME! LIMITED QUANTITY! AND ONCE-IN-A LIFETIME OPPORTUNITY!

SPENDING HABITSLOOK CLOSELY AT THESE TERMS; “PRE-

HOLIDAY SALE” “END OF THE SEASON SALE” “CLEARANCE SALE” AND “BUY TODAY AND PAY NOTHING FOR 6 MONTHS”

TIPS ON SAVING MONEYPAY YOURSELF FIRST-YOU NEED TO SAVE 6

MONTHS OF YOUR MONTHLY INCOMEUSE PAYROLL DEDUCTIONSSAVE WINDFALL INCOME SUCH AS TAX

RETURNS OR MONETARY GIFTS.COLLECT LOOSE CHANGE.

TIPS ON SAVING MONEYTRY FRUGAL SPENDING.BREAK A HABIT SUCH AS GOING TO THE

MALL EVERY SATURDAYSAVE LUNCH MONEY.SAVE SALE MONEY.HAVE A “NOTHING”.

MORE TIPS FOR SAVING MONEYBEFORE PURCHASING, ALWAYS RESEARCH THE

COST OF MAJOR ITEMS.USE COUPONS AND DISCOUNTS BUT BE

CAREFUL.UTILIZE OUTLET STORES, SHOP OFF-SEASON AND

BUY CLOTHES THAT WILL ENDURE.BECOME AN INFORMED BUYER AND DON’T BUY

MORE THAN YOU NEED.SUBSTITUTE A LESS COSTLY ITEM.TAKE CARE OF YOUR POSSESSIONS AND AVOID

WASTE.ALWAYS COMPARE SHOP.

MORE TIPS FOR SAVING MONEY-USING THE CREDIT CARDDO NOT HAVE MORE THAN 2 CREDIT

CARDS AND PAY OFF THE BALANCES IN A TIMELY MANNER. AVOID PAYING THE MINIMUM MONTHLY PAYMENT.

FOR LARGE PURCHASES, PLAN TO PAY OFF IN 3 MONTHLY INSTALLENTS.

DO NOT CONSIDER A CREDIT CARD AS AN EMERGENCY FUND.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTSTOCKS ARE AN ASSET THAT CAN

INCREASE YOUR NET WORTHSTOCKS ALLOW YOU TO HAVE

OWNERSHIP IN A PUBLIC COMPANY ON THE NEW YORK STOCK EXCHANGE OR THE NASDAQ

INVESTING IN STOCKS CAN ASSIST IN MAINTAINING OR INCREASING YOUR PURCHASING POWER DURING INFLATIONARY TIMES

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTYOU CAN RECEIVE

DIVIDENDS(QUARTERLY BONUSES) FROM THE STOCKS AND/OR PROFIT FROM THE INCREASE IN THE PRICE OF A STOCK. YOU CAN ALSO LOSE MONEY IF THE PRICE DROPS.

EXAMPLES OF GOOD COMPANIES TO BUY STOCK: IBM, MICROSOFT, JOHNSON AND JOHNSON, GOOGLE, APPLE INC, WALMART, SCANA, PROCTER AND GAMBLE, INTEL, BANK OF AMERICA, AND CISCO SYSTEMS

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTIF YOU ARE LOOKING TO INVEST

CONSERVATIVELY, YOU NORMALLY WANT TO PURCHASE BONDS.

YOU PURCHASE BONDS IN UNITS OF $1000 WITH FIXED INTEREST RATES AND FIXED TERMS. YOU RECEIVE INCOME FROM THE INTEREST EITHER MONTHLY, QUARTERLY, SEMI-ANNUALLY OR ANNUALLY. BONDS ARE LONG-TERM WITH TERMS LASTING 5 TO 30 YEARS.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTWHEN YOU PURCHASE A BOND, YOU ARE

PURCHASING AN ORGANIZATON’S DEBT. EXAMPLES OF BONDS INCLUDE FEDERAL TREASURY BONDS, BILLS AND NOTES.

YOU CAN ALSO PURCHASE STATE BONDS, CITY OR MUNICIPAL BONDS, OR CORPORATE BONDS.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTA MUTUAL FUND IS A COLLECTION OF

DIFFERENT STOCKS, COLLECTION OF DIFFERENT BONDS, OR A COLLECTION OF DIFFERENT STOCKS AND BONDS COMBINED. THE MUTUAL FUND IS MANAGED BY A SINGLE FINANCIAL COMPANY THAT BUYS ALL THE STOCKS AND BONDS FROM ALL AVAILABLE SOURCES.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTTHE ADVANTAGE OF A MUTUAL FUND IS

THAT YOU CAN PURCHASE THE MUTUAL FUND THAT HAS THE TEN COMPANIES OF STOCK THAT YOU WANT.

THE MUTUAL FUND ADDS DIVERSIFICATION WHICH REDUCES OR SPREADS THE RISK OF THE STOCK FALLING OR THE BOND FAILING.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENT

DUE TO THE COST TO USE THE MUTUAL FUNDS SUCH AS 2-5%, MUTUAL FUNDS ARE BEST FOR LONG-TERM INVESTING INSTEAD OF INVESTING LESS THAN ONE YEAR.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTEXAMPLES INCLUDE AGGRESSIVE

GROWTH FUNDS, BALANCE FUNDS, BOND FUNDS, INTERNATIONAL FUNDS, OR BLEND FUNDS.

MUTUAL FUND COMPANIES INCLUDE AMERICAN FUNDS, JP MORGAN, JOHN HANCOCK, FIDELITY, VANGUARD, AND OPPENHEIMER

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTEXCHANGED-TRADED FUNDS (ETFs)-

ACT LIKE MUTUAL FUNDS BUT TRACK AN INDEX, COMMODITY OR BASKET OF STOCKS AND BONDS. EXAMPLES INCLUDE NATURAL GAS ETF, GOLD ETF, JAPAN ETF, S & p 500 ETF, ENERGY ETF, HEALTH CARE ETF, AND CHINA ETF.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTCERTIFICATE OF DEPOSITS (CD)-ACT

LIKE A BOND WITH FIXED RATES AND TERMS. THE RATES ARE LOWER AND THE TERMS ARE SHORT-TERMS SUCH AS 3, 6, 9, 12, 48, OR 60 MONTHS.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTTRADITIONAL INDIVIDUAL

RETIREMENT ACCOUNTS (IRA)-YOU CAN CONTRIBUTE UP TO $5000 ANNUALLY OF BEFORE TAXES OR TAX-DEDUCTIBLE MONEY. THIS IS A MEANS TO SAVE FOR RETIREMENT. IF YOU TAKE OUT BEFORE 59 1/2 YEARS OF AGE, CAN WILL BE TAXED AND PAY A 10% PENALTY. YOU CAN INVEST YOUR MONEY IN MANY INVESTMENT MEANS.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTROTH IRA-YOU CAN CONTRIBUTE UP TO

$500 ANNUALLY OF AFTER TAX DOLLARS. THE ADVANTAGE IS THE DOLLARS ARE

ALREADY TAXED AND YOU CAN INVEST BEYOND 70 ½ WITHOUT FORCE WITHDRAWALS.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENT529 EDUCATION IRA PLAN-A TAXED

ADVANTAGED INVESTMENT VEHICLE DESIGNED TO ENCOURAGE SAVING FOR FUTURE COLLEGE EXPENSES FOR A DESIGNATED BENEFICIARY SUCH AS PARENTS SAVING MONEY FOR THEIR CHILDRENS EDUCATION OR GRANDPARENTS SAVING MONEY FOR THEIR GRANDCHILDREN.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTTHERE ARE TWO TYPES OF 529 PLANS:

PREPAID AND SAVINGS PLANSTHE PREPAIN PLAN ALLOWS ONE TO

PURCHASE TUITION CREDITS, AT TODAY’S RATES, TO BE USED IN THE FUTURE. THEREFORE, PERFORMANCE IS BASED ON THE TUITION INFLATION. THIS PLAN IS ADMINISTERED BY THE STATE OR COLLEGE. YOU MUST ATTEND A COLLEGE IN YOUR COLLEGE IN YOUR STATE TO RECEIVE THE TAX FREE FUNDS.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTTHE SAVINGS PLAN IS DIFFERENT IN

THAT ALL GROWTH IS BASED ON WHAT YOU PUT IN THE PLAN AND MARKET PERFORMANCE OF THE UNDERLYING INVESTMENT SUCH AS MUTUAL FUNDS OR ETFs.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENT401K RETIREMENT PLAN-MANY COMPANIES

OFFER THEIR EMPLOYEES AN OPPORTUNITY TO INVEST IN A 401K RETIREMENT PLAN. THIS IS THE MOST COMMON RETIREMENT PLAN. THE EMPLOYEES CONTRIBUTE PART OF THEIR SALARY TO THE PLAN ON A PRETAX BASIS INTO AN EMPLOYEE TRUST AND THE EMPLOYERS MAY ELECT TO MAKE MATCHING CONTRIBUTIONS ON BEHALF OF THEIR EMPLOYEES.

THE CONTRIBUTIONS CAN BE INVESTED IN MUTUAL FUNDS, STOCKS, OR BONDS. THE EMPLOYEE DECIDES HOW TO INVEST.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTPENSION RETIREMENT PLANS- THESE

PLANS ARE MORE COMMON WITH THE FEDERAL , STATE AND LOCAL GOVERNMENT, THE MILITARY AND VERY LARGE WELL-KNOW COMPANIES SUCH AS FORD, GM, GE, IBM, WESTINGHOUSE AND SCANA.

MANAGING YOUR ASSETS-GROWTH AND RETIREMENTINSTEAD OF YOU MAKING

CONTRIBUTIONS AND DECIDING HOW TO INVEST IN THE PENSION PLAN, THE EMPLOYER OR COMPANY PROMISES A SPECIFIED MONTHLY BENEFIT AT YOUR RETIREMENT THAT IS PREDETERMINED BY A FORMULA BASED ON YOUR EARNINGS, WORK HISTORY, TENURE OF SERVICE AND AGE.

KNOW YOUR NET WORTHYOUR NET WORTH IS THE DIFFERENCE

BETWEEN YOUR ASSETS LESS YOUR DEBTS. IF YOUR ASSETS EXCEED YOUR DEBTS, YOUR NET WORTH IS POSITIVE. IF YOUR DEBTS EXCEED YOUR ASSETS, THEN YOU HAVE A NEGATIVE NET WORTH.

KNOW YOUR NET WORTHEXAMPLES OF ASSETS ARE CHECKING

AND SAVINGS ACCOUNTS, STOCKS, BONDS, MUTUAL FUNDS, 401Ks, IRAs, PAID VEHICLES, JEWELRY, PAID FURNITURE, MARKET VALUE OF HOME, AND CASH IN A LIFE INSURANCE.

KNOW YOUR NET WORTHEXAMPLES OF DEBT ARE STUDENT

LOANS, CAR LOANS, CREDIT CARD DEBT, MEDICAL BILL DEBT, PERSONAL LOANS, BALANCE ON YOUR MORTAGE

BOAT LOANS, FURNITURE LOANS, JEWELRY CREDIT DEBT, STORE CREDIT CARDS AND ANY OTHER OUTSTANDING DEBT

PROTECTING YOUR ASSETSLIFE INSURANCE-WHOLE, TERM LIFE,

AND UNIVERSAL-PREMIUMS, CASH BUILDUP

HEALTH INSURANCE-BLUE CROSS, AETNA, UNITED HEALTH-PREMIUMS, CO-PAYS, DEDUCTIBLES

AUTOMOBILE AND HOME INSURANCE-PREMIUMS AND DEDUCTIBLES

PROTECTING YOUR ASSETSWILLS-USE TO PLAN HOW TO DISTRIBUTE

YOUR ASSETS AFTER DEATHLIVING TRUSTS-MAY BE ESTABLISHED

TO PROVIDE FOR THE MANAGEMENT OF ASSETS IN THE EVENT OF AN INDIVIDUAL’S INCAPACITY OR ILLNESS, AND TO AVOID THE TIME AND COST OF PROBATE UPON DEATH.

ALWAYS PLAN YOUR FUTURE BY BEGINNING WITH THE END IN

MIND