Who Wants To Be A Millionaire

Get Rich Quick vs. Get Rich Easy Two pillars for building wealth Manage your money Invest it

First Pillar: Managing and Budgeting Budgeting –Income does not equal outcome –The average millionaire 2 credit cards 2 cars 2 suits Modest house

Second Pillar: Investing How much to invest? = $1,000,000 Where to invest?

Where To Save Your Money Savings accounts –0.5-4% APR CD’s –3-6% APR Bonds –6-9% Return Stocks –10% Average Return

Mutual Funds Manager pools money and invests in different stocks Easy to invest As safe in the long run as any other investment Mutual fund companies to look into: –Fidelity Mutual –Vanguard Mutual

Becoming a Millionaire 1.Managing money Avoid debt Be thrifty 2.Investing Invest as much as you can Stock mutual fund 3.Repeat steps 1 and 2

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