1. SAVINGS & Investing TIPS
Mr. Lindquist
“Live life like no one else today…so you can live life like no one else tomorrow” – Dave Ramsey

2. Be Personal Be Honest Be Realistic
Don’t just put down a goal because someone else did…what do you want and WHY do you want it?
Be Honest
If I’m not willing to work hard in school, am I really going to work hard and pay attention to stocks in my adult life?
Be Realistic
Look at your salary. What can you afford to save and have the lifestyle you want
Don’t set ridiculous goals

3. SAVINGS TIPS
Save 10% of your Income (15% if you think it is honest and realistic.)
Write it in a BUDGET!!!!
Pay YOURSELF First
Payroll Deductions  Money taken directly out of your paycheck to your investments
Start YOUNG!!! (Invest less money and get more RETURN in the end)
SET GOALS
What is a goal that is not written down?
BE INFORMED

4. 5 Parts to ANY Good Goal Goal Area Time Frame Reasons & Amounts
$ Needed (AFTER INFLATION)
Pick the TYPE of Investment you want to put your $ in AND How Much you need to put in to accomplish your goal

5. GOAL AREAS Rainy Day Fund (Conservative) Big Expensive Items (B.E.I.)
Unexpected economic changes
Unexpected economic emergencies
Big Expensive Items (B.E.I.)
Meeting Long and Short Term financial goals
Example: House down payment, Car, Boat, College Education, Big Screen TV, etc.
Retirement
Biggest Financial Mistake  Not starting early enough for Retirement
“What would you do… if you had enough money to do anything you wanted ALL DAY LONG and didn’t have to go to work?”
Additional Living Expenses
BEI’s you want after retirement (Homes, vacations, hobbies, golf, etc.)

6. KNOWING YOURSELF (Assessing your ability to save)
A. Know and List Financial Goals
What do you want????
B. Know your Risk Tolerance
How willing you are to take chances and possibly lose money
Risk vs return – ratio
If you hate parting with your money = LOW Risk Tolerance
C. Know your Level of Understanding
Economic indicators, Cause and Effect of Economic Events, Personal Finance and Economics Class grade?
TIP GET PROFESSIONAL HELP!!!
D. Know your Willingness to be Involved
Stock Pages, Researching investments, keeping up with the news and checking investments