Basics of Finance and Investing

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Presentation transcript:

Basics of Finance and Investing Jacob Carlson

A Bit About Me/Why I’m Here Studied at UNF Experience in both Financial Services and Corporate Finance Financial Literacy is a gap in our education Major decisions happen very early I love finance! Any opinions I express are my own.

Basic Agenda What is money? Time Value of Money Interest and Compound Interest Budgeting Credit Cards and Debt (Car/House/College) Investment Options/Retirement Accounts

What is Money? Method of transaction (Avoids bartering) Unit of account (Way in which we track units of value) Store of Value (Holds value over time) And… Condensed time

Time Value of Money

Interest and Compound Interest The key to that formula is that it isn’t linear. Say an investment earns 10%. At the end of year one, if you have $100 invested, you have $110. But at the end of year two, you have $121. This is the key to finances, both in positive and negative terms. Compound interest can work for or against you.

Amount you will need to retire Paying off a Student Loan Examples NPV of a College Degree Amount you will need to retire Paying off a Student Loan

Your Financial House

Budgeting

Loans Almost any form of debt is the same. Key factors are interest rate and duration of loan. Longer term means lower payments, but higher total cost. Students loans Mortgages CREDIT CARDS ($3,000 and 15% APR paying minimum costs $6,641)

Loan Amortization

Investment Options What is a bond? What is a stock? Diversification

An Example of Financial Literacy

jacobccarlson0316@gmail.com Follow Up Where are the Customer’s Yachts? Tony Robbins: Mastering the Game The Snowball The Intelligent Investor Your Money or Your Life jacobccarlson0316@gmail.com