**** MONEY BASICS
This written plan can guide how you spend and save your money.
What is a Budget?
Turn this into a part time job to supplement your income.
What is a hobby or interest?
For sounder investments, superior money management and greater wealth preservation learn about this.
Financial Management or Money Management
A list of all the goals you wish to achieve or dreams you wish to fulfil in your lifetime.
What is a bucket list?
YOMEN
Hint: What are we talking about today?
What is Money?
This stash of cash saves the day if something unexpected happens.
What is an emergency fund?
These may be great ways to create multiple streams of income but know that you may gain, lose or breakeven when you put your money in any of these legal financial instruments.
What is Investments? Businesses? Real Estate? Education? Gambling?
Instead of standing in long lines to pay your bills every month you can do this.
What is automate your finances?
Make sure your assets and cash always surpass this for a positive net worth.
What are Debts?
This is King....and Queen...
HSAC
What is Cash?
The value of all that I own.
Hint: Begins with the letter "A"
What are my assets?
The impact you leave on those who outlive you.
(Hint: Starts with "L")
What is a legacy?
Which of these steps is likely to have the most favorable impact on trying to meet your retirement goals?
A. Waiting for a bonus or inheritance to help fund retirement
B. Saving money in accounts where all earnings are subject to current tax
C. Starting to invest as early as possible to benefit from compound interest
D. Delaying saving to focus on other financial priorities, like paying down debt
What is C. Starting to invest as early as possible to benefit from compound interest
Giving away more than you can afford can burden your retirement finances and strain your relationships. To protect your own financial well being sometimes it may be useful to rein this in.
What is your Generosity?
Some thing to do to have more.
VESA
What is SAVE?
In this place, the service charge you pay is sometimes much bigger than the interest you gain.
What is the Bank?
To protect my home I have house insurance. To protect and provide for my generations I have.
What is life insurance?
By putting aside just a little bit regularly, this type of product helps you provide a large pool of guaranteed funds for your family, community and church interests when you die.
What are life insurance products?
As we get older we all are more likely to get sick. Putting a little money in this before sickness happens guarantees that you will have a much bigger amount to go to St. Clair Medical, Westshore Medical or take an air ambulance to Miami.
What is Medical or Health Insurance?
It does not limit you but tells your money where to go so you can achieve your dreams
ETUDGB
What is Budget?
Have 3-6-9-12 months of savings for a rainy day but you can start small by only saving this amount.
What is 1 day?
To control what happens to what you own after you die you should have this because where there is a ______ there is a way.
What is a will?
If you keep large sums of cash here it may not be wise as it could be affected by fire, flood or theft and you could lose it all.
What is in the house?
In which Testament of the Bible can this verse be found "He who is faithful in a very little thing is faithful also in much; and he who is unrighteous in a very little thing is unrighteous also in much." Luke 16:10.
What is the New Testament?
It is useful to have this type of professional to guide you with your affairs
LAICNANIF TREPXE
What is a FINANCIAL EXPERT?