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Who Wants To Be A Millionaire. Get Rich Quick vs. Get Rich Easy Two pillars for building wealth Manage your money Invest it.

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Presentation on theme: "Who Wants To Be A Millionaire. Get Rich Quick vs. Get Rich Easy Two pillars for building wealth Manage your money Invest it."— Presentation transcript:

1 Who Wants To Be A Millionaire

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

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

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

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

6 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 www.fidelity.comwww.fidelity.com –Vanguard Mutual www.vanguard.comwww.vanguard.com

7 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

8 The End


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