Choice$ Matter

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Choice Matter

• by Sheryl Garrett, CFP
• July 2, 2009

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Control What You Can

• We have more influence and control over our
  personal finances than most of us own up to
• Income
• Expenses
• The bigger the purchase the bigger the impact
  and the easier it is to see
• Small purchases will add up over time
• Be thoughtful about every purchase or expenditure

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(No Transcript)
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Major Purchase Comparison

• New Car Purchase

• Used Car Purchase

• Total Price 26,790
• Down payment 1,000
• Financed 25,790
• Payment (60) 493 month
• 2-year Trade 15,500
• Loan Balance 16,300
• Depreciation 11,290
• Interest (5.5) 2,350
• Lost Value 14,440

• Total Price 20,370
• Down payment 1,000
• Financed 19,370
• Payment (48) 460 month
• 5-year Trade 7,400
• Loan Balance 0
• Depreciation 12,970
• Interest (6.0) 2,679
• Lost Value 1,002

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Little Things Big Impact

• Full Cost

• Low Cost

• Dining Out
• Purchasing Prepared Meals
• Cable / Pay Per View
• High speed Internet
• Health Club Membership
• Movie theatres, Bookstores
• Going out w/ Friends
• Financing Purchases

• Cooking
• Gardening
• Purchasing Whole Foods
• Free TV
• Medium speed Internet
• Walking, Hiking, Biking
• Parks, Libraries, Museums
• Entertaining friends at home
• Paying Cash

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Pay Yourself First250/month _at_ 8
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Pay Yourself Firstfor 1,000 in retirement
income _at_ 65
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Navigate Wisely
Plan Now to
Get Where You Want to Be!