Financial SecurityFinancial Security

James Dicks

“I like the dreams of the future better than the history of the past”.

–Thomas Jefferson

Financial SecurityFinancial Security

• Flexibility to do the things you have always wanted.

• Achieve all of our Financial Goals

• You must have a Plan

• Follow the Plan

• Take charge of your Future

• Empower yourself with knowledge

“Plan backwards as well as forward. Set objectives and trace back to see how to achieve them.”.

–Donald Rumsfeld

EmpowermentEmpowerment

• Common sense not Common knowledge

• Arm yourself with the right tools & training

• Align yourself with the right support

• Learn from someone's mistakes and success

“It is better to have an ambitious plan than none at all”.

–Winston Churchill

Quick Strategies to RememberQuick Strategies to Remember

• Pay yourself first• Pay off high interest rate credit cards• Rule of 72• Own your own home• Pay your rate down• Use a amortization schedule• Check your credit report often• Start investing for the future

“Remember that credit is money”.

–Benjamin Franklin

Financial StrategyFinancial Strategy“Credit Reporting Agencies”“Credit Reporting Agencies”

• Experian – 888-ExperianExperian – 888-Experian

• Equifax - 800-685-1111Equifax - 800-685-1111

• Trans Union – 316-636-6100Trans Union – 316-636-6100

www.creditreport.com

www.myFICO.com

“Never leave that till tomorrow which you can do today”.

–Benjamin Franklin

Learn the Rule of 72Learn the Rule of 72

“Lack of orders is no excuse for inaction”.

–George S. Patton

Yield 6% 12% 15% 20%

Yrs. To Double

72/6=12 72/12=6 72/15=4.8 72/20=3.6

The Best Investment in AmericaThe Best Investment in America

• Buy a home

• On average a home will double in value every 7-8 years

• Interest expense can be written off

• If transferred can still be great investment

• Look for “Don’t Wanters”

“Take calculated risks. That is quite different from being rash”.

–George S. Patton

KEY WORDSKEY WORDS“Flexible”“Flexible”

•Seller will hold secondSeller will hold second•No money downNo money down•AssumableAssumable•Terms availableTerms available•Owner will financeOwner will finance•Take over paymentsTake over payments•Pre-ForeclosurePre-Foreclosure

•Small DownSmall Down•Assume NO QualifyAssume NO Qualify•Easy FinancingEasy Financing•VA – FHA AssumableVA – FHA Assumable•No Credit CheckNo Credit Check•Must SellMust Sell•Lease OptionLease Option

“I am always ready to learn, but I do not always like being taught.”.

–Winston Churchill

Pay Your Rate DownPay Your Rate Down

• $300,000.00 Loan 7% interest APR

• 3,000.00=1 Point (pay an extra point)

• 100.00 Save per month

• In three years you will have saved $3600.00

• And $100.00 each month there after

“You cannot push anyone up a ladder unless he is willing to climb himself.”.

–Andrew Carnegie

Pay Off Your Loan EarlyPay Off Your Loan Early

• When interest rates are rising use a fix rate mortgage

• If you plan to stay in your home more than 5 years use a fix rate mortgage

• When refinancing rule of thumb 2%

• Use a 30 year and pay off early

“Only those who dare to fail greatly can ever achieve greatly.”.

–Robert F. Kennedy

“The torch has been passed to a new generation”.

–John Fitzgerald Kennedy

$477.83 Payment #1 Normal Payment P&I

$145.46 Payment #2 Principal Only

$477.83 Payment #3 Normal Payment P&I

$147.41 Payment #4 Principal Only

2 Monthly Payments You SAVE $662.79

Insurance for SuccessInsurance for Success

MONEY MANAGEMENT – Learn How To Manage the Money That You

Have.

DIVERSIFICATION – Learn How You Can Take Control Of Your Own

Financial Independence “DON’T PUT ALL YOUR EGGS IN ONE BASKET”

“Don’t be afraid to challenge the pros, even in their own backyard”.

–Thomas Jefferson

Common MistakesCommon Mistakes

• #1- Don’t Get Emotionally Involved– “It will come back”– “It’s a good company”– “It can’t go any lower”– “I can’t sell it now”– “I have a feeling about this one”

“I like the dreams of the future better than the history of the past”.

–Thomas Jefferson

Common MistakesCommon Mistakes

• #1- Don’t Get Emotionally Involved

• #2- Lack Discipline

• #3- Listing to the so called experts

• #4- Trade against the Trend– The Trend is your Friend

“The purpose is clear. It is safety with solvency.”.

–Dwight D. Eisenhower

Time Value of MoneyTime Value of Money

Sample Channel StockSample Channel StockEnter the stock on 08/20/2007 @ 50.45

4 ½ months later the stock is 50.45 that is a Zero Return

Buy and HoldBuy and HoldEnter on 09/29/04 @ $34.5701/04/08 3 ½ Years Later @ $34.57 NO Return

Sample Channel StockSample Channel Stock

SUPPORT

RESISTANCE

BUYBUY BUY

BUY

BUY

SELL SELL SELL SELL4 BUYS-4 SELLS in 4 Months If you invested $1,000

You would still have $1,000 Using Buy and Hold Strategy

Investment Entry Price Shares Profit @ $57.01

$1,000.00 $50.45 20 $130.03

$1,130.03 $50.45 22 $146.94

$1,276.97 $50.45 25 $166.04

$1,443.01 $50.45 29 $187.63

In 4 months you made a 44.3% ROI

Jdicks@premieretrade.comJdicks@premieretrade.com

www.JamesDicks.comwww.JamesDicks.com

“If you always do what you have always done then you will always get what you have always gotten”.

–James Dicks