Living Off Your Paycheck BALANCING LIFE’S ISSUES, INC.
-
Upload
erica-weaver -
Category
Documents
-
view
214 -
download
0
Transcript of Living Off Your Paycheck BALANCING LIFE’S ISSUES, INC.
Living Off Your Paycheck
BALANCING LIFE’S ISSUES, INC.
Objectives
The Psychology of Money
Goal Setting
Credit and debt
Meat vs. Gravy
Tips for saving
Budgeting
Psychology of Money
Ask yourself these tough questions.
What does money mean to you?
What did money mean to you?
What do you need to do in order to change your behavior?
What is your “latte factor?”
How motivated are you to change your money belief system?
Change Your Behaviors
“Learned Optimism”
21 Day Rule
Motivation
Necessity
Reality Check
Role-Model
Become a Learner
Goal Setting
SavingsHouseCarCollegeRetirement
Goals for Retirement
What percent of you average annual gross salary do you need to retire on?
What do you want your retirement to look like?
What lifestyle compromises are you willing to make?
Credit Cards
Credit Card BalancesPros and Cons of Credit CardsCashNew Rules of Owning a Credit CardHow do Credit Card affect your FICO ScorsOpening credit cards for your children
Meat vs. Gravy
Tips for Saving Money
For you and your family Turning lights off Not going out to eat Not ordering food in Shopping at various grocery stores Buy clothes that do not require dry cleaning Change your gift giving habits… maybe gifts of trade instead ( include dog walking, baby sitting, cleaning out closets.) Take advantage of library , free movies, and all discounts possible
70% of Gross Salary• “Meat”
10% Cash• Available at the end of
the day• Savings account• Credit union• ING Direct
10% Retirement• IRA/401K• Minimum… what else
can you do?
10% Gravy• Vacation• Gifts• Eating out
Budgeting
“From pennies we get broke and from pennies
we get rich.”
Motivation
RESOURCES
The Automatic Millionaire……David BachThe Wealthy Barber…………David ChiltonMoney magazineingdirect.comwww.bankrate.comMint.comLearnvest.com