Strength Training Financial Speaking

Recap our 4 Fundamentals of Finance Net worth = Assets – Liabilities Assets -either are money or things you own that can become money Liabilities – Things that can take away from your net worth (loans, debts)

Fundamentals Continued Expenses – things that cost money $ $ $Revenue – any $ $ $ coming in

Strength in Saving Strength training doesn’t work over night neither does financial strength It happens over time and has to continue happen with SAVINGS

Savings The most important tool in shaping your financial future –Avoid day-to-day living –Avoid debt –Avoid being unprepared for whatever comes your way

Goals Help you direct and encourage savings –How much do you want to save and by when? –What is my incentive for getting there?

Savings Account Great way to save money Low interest rates Low risk

Investments High interest rates could mean more money in the end and faster Larger risks Stocks Bonds

Earning Interest Sometimes you can make money by lending it to people or places This is called interest You can calculate interest and watch your savings grow