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Congratulations! You are taking a step toward Financial Independence! You must do 3 things to become a millionaire: Pay all credit cards off monthly - do not carry credit card debt. Make and Keep a reasonable budget - this takes discipline and self denial. Maximize your ROTH IRA every year.
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Congratulations! You are taking a step toward Financial Independence! You must do 3 things to become a millionaire: • Pay all credit cards off monthly - do not carry credit card debt. • Make and Keep a reasonable budget - this takes discipline and self denial. • Maximize your ROTH IRA every year. *Use a reputable known company with diversified mutual funds. Money will not bring you happiness and it will not define who you are. It is not sacred; it is just a tool. Use this tool to be a positive influence in your family and community. • If you have questions or suggestions, please contact Hank Brown at 8314028993 or henrydbrown@aol.com. • This workbook & other tools can be found at www.hankbrown.org.
Ensign/ 2ndLt Budget Hank Brown Major USMC
freedom to choose my work or leisure. -OR- obligated to a job that will hopefully cover my expenses. dream about the legacy I leave my grandchildren. -OR- worry whether my money will last until I die. Actions not Words
Prepared for the Golden Years? • 20% families prepared for retirement. • Avg American saves -.7%!! • The average family has $3800 in savings. • Most people pending retirement have less than $40k -$50k saved. • Social Security is Welfare. • You are likely to live past 90 or 100 years.
Since 1925, the stock market (S&P 500) has averaged 12% annual return on investment Adjusted for inflation this equates to over 8% return. In the 1990s the average return was over 17%. Returns on Investment
Individual Account Taxable Vehicles Money Market Mutual Funds C.D.s Bonds Individual Stocks ROTH IRA Maximize This ’07: $4000 ’08: $5000 ’09: +$500/ year Tax Free Growth Investing
www.fool.com http://beginnersinvest.com www.wikipedia.org www.google.com www.bloomberg.com http://www.hankbrown.org Money Magazine Forbes Kiplingers Smart Money Worth Sources