Welcome!!Welcome!! Welcome Central HS!

Become a Millionaire? Most people don’t take this question serious because they know the chances of it happening are slim to none. Of course everybody would like to be a millionaire.

Assuming you were __ years old, how much money would you need to save each day to have a $1,000,000 at age __? Become a Millionaire? Assuming you were 17 years old, how much money would you need to save each day to have a $1,000,000 at age 65?

Most people learn to do it the hard way. $1,000,000/48 years/365 days = $57/day Most people agree that $57 per day is a LOT of money, even when you are making $50/hr…or $300/hr. Ironically, in almost every audience, there is one person who thinks they could start saving $57 today…they are usually the future business owner in the group. Depends on your education.

The problem is that middle America kids are taught finances by their parents, and who were taught by their parents. “Rich Dad, Poor Dad” addresses a fundamental challenge. Simple Math Doesn’t Work

From athletes to doctors to hairstylist to…ANY thing you plan to do for a living…you need to know this…today…and you may never hear it again. No matter what your plan is…

“How Money Works” What are the rules?

$2,000 $4,000 $8,000 $2,000 $4,000 $8,000 $16,000 $32,000 $2,000 $4,000 $8,000 $16,000 $32,000 $64,000 $128,000 $256,000 $512, ÷ 3% 72 ÷ 6% 72 ÷ 12% Rule of Years 12 Years 6 Years Age 3% 6% 12% Compound Interest$500,000

19,623 Avg. # of meals in retirement x2 including a spouse ~40,000 Approximately x$10 avg. cost of a meal in years $400,000 Just to EAT!! Putting things in Perspective And we all know what happens when you don’t have enough $$ to eat.

Loaner vs. Owner Banks 3-6% 18-21% Credit Cards Mutual Funds A B A. Loaner: Loses money to inflation. B. Owner: Benefits from inflation. Invest American Economy 12-25%

What is Safety? …a 90% LOSS!

But, stocks can be risky

$2 Billion Benefits of Mutual Fund Pooling of Assets: Hires a Professional Manager Individuals $ /mo. Banks $1-5 Mil. Institutions $ k/mo. Insurance Co. $1 Mil.

$2 Billion DiversificationEnergy Technology Finance Retail

CBS Ford AT&T Dupont Compaq Chevron Citigroup Motorola Best Buy CBS Ford AT&T Dupont Compaq Chevron Citigroup Motorola Best Buy Outback Steakhouse International Paper Southwest Airlines General Electric General Motors Columbia/HCA Campbell Soup NationsBank Walt Disney Outback Steakhouse International Paper Southwest Airlines General Electric General Motors Columbia/HCA Campbell Soup NationsBank Walt Disney IBM MCI Mobil Reebok Dillards Walmart Microsoft Coca Cola McDonalds IBM MCI Mobil Reebok Dillards Walmart Microsoft Coca Cola McDonalds

Assuming you were 17 years old, how much money would you need to invest each day to have a $1,000,000 at age 65? Become a Millionaire?

If you know the rules... $1.28 per DAY!

Coke$.50 = $170 Movie$7 = $2,082 CD$15 = $4,625 What is the REAL Cost? Stereo$279 = $86,043 Shirt$50 = $15,418

What is the REAL Cost? Cost of Smoking: I recently calculated the cost to smoke from age years, 1 pack/day*. So, a pack/day is 30 cartons for a year. This is $1,200** a year in ciggies. If a person were to invest the same $1,200 a year, they could have almost $1,000,000 by the time they were 55. So, this is just a little greater than the $48,000 out of pocket expense when you consider the FTV of money when saved in a quality equity investment. * Ok, so a young person may not actually smoke a pack a day now, but they will soon...and eventually they will smoke more than a pack a day, so the average is 1 pack/day. ** Assuming a person actually buys their cigarettes a carton at a time...but since coming up with $40 for an entire carton might be tough, this might actually cost even more = ?+

17$776,179 Cost to Wait 5 years$426,112$350,067$1,500 1 year $688,535$87,644 $300 1 Month $25 = $7,709 $25 / 12% to age 65 The HIGH Cost of Waiting

It Pays to Start Early! At a 10% Rate of Return

Know the Rules! I.Know how money works

Know the Rules!

I.Know how money works V.Make good choices IV.Work hard III. Have a Written Plan II.Dream BIG…set GOALS

The Right Choices The decisions you make today will determine your opportunities of tomorrow.

Trained to be an Employee It’s the way of the world…you work for an hour and you get paid. Unfortunately, this is a system that leads to frustration and disappointment. What if there was another way? First…a couple of video clips –(time permitting)

Secret To Financial Independence EMPLOYEE HAS A JOB INCOME BASED ON POSITION NOT THE PERSON BUSINESS OWNS A SYSTEM HAS OTHERS WORKING FOR THEM UNLIMITED INCOME POTENTIAL MANUFACTURING, MARKETING, ETC. SELF EMPLOYED OWNS A JOB DENTIST, DOCTOR, LAWYER, HAIR STYLIST REAL ESTATE AGENT, SALESPEOPLE INVESTOR HAS MONEY WORKING FOR THEM ENJOYS COMPLETE FREEDOM, LIVES THE DREAM Years 5-15 Years

The Right Vehicle! The “vehicle” you choose will determine where you go in life.

Contact Information If you have any questions, please feel free to call: Michael Overstreet (409)

Contact Information If you have any questions, please feel free to call: Drew Loker (409) or