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Become a Millionaire?

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Title: Become a Millionaire?


1
Welcome!!


2
Become a Millionaire?
Most people dont 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.
3
Become 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 __?
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?
4
Depends on your education.
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/hror 300/hr.
Ironically, in almost every audience, there is
one person who thinks they could start saving 57
todaythey are usually the future business owner
in the group.
5
Simple Math Doesnt Work
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.
6
(No Transcript)
7
No matter what your plan is
From athletes to doctors to hairstylist toANY
thing you plan to do for a livingyou need to
know thistodayand you may never hear it again.
8
What are the rules?
How Money Works
9
Compound Interest
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,
000 256,000 512,000
10
Putting things in Perspective
19,623
Avg. of meals in retirement
And we all know what happens when you dont have
enough to eat.
11
Loaner vs. Owner
12
What is Safety?
a 90 LOSS!
13
But, stocks can be risky
14
Benefits of Mutual Fund
  • Pooling of Assets Hires a Professional Manager

15
Diversification
16
Diversification
Outback Steakhouse International Paper Southwest
Airlines General Electric General
Motors Columbia/HCA Campbell Soup NationsBank Walt
Disney
CBS Ford ATT Dupont Compaq Chevron Citigroup Moto
rola Best Buy
IBM MCI Mobil Reebok Dillards Walmart Microsoft Co
ca Cola McDonalds
17
Become a Millionaire?
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?
18
If you know the rules...
1.28 per DAY!
19
What is the REAL Cost?
170
20
What is the REAL Cost?
?

Cost of Smoking I recently calculated the cost
to smoke from age 15-55...40 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
21
The HIGH Cost of Waiting
25 / Month _at_ 12 to age 65
Cost to Wait
350,067
1,500
7,709
22
It Pays to Start Early!
At a 10 Rate of Return
23
Know the Rules!
I. Know how money works
24
Know the Rules!
25
Know the Rules!
26
Know the Rules!
27
Know the Rules!
I. Know how money works
II. Dream BIGset GOALS
III. Have a Written Plan
IV. Work hard
V. Make good choices
28
The Right Choices
The decisions you make today will determine your
opportunities of tomorrow.
29
(No Transcript)
30
Trained to be an Employee
  • Its the way of the worldyou 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?
  • Firsta couple of video clips
  • (time permitting)

31
Secret To Financial Independence
25-30 Years
INVESTOR HAS MONEY WORKING FOR THEM ENJOYS
COMPLETE FREEDOM, LIVES THE DREAM
5-15 Years
32
The Right Vehicle!
The vehicle you choose will determine where you
go in life.
33
Contact Information
If you have any questions, please feel free to
call
Michael Overstreet


(409) 860-9200
34
Contact Information
If you have any questions, please feel free to
call
Drew Loker
(409) 454-4737


or
lokerd_at_hotmail.com
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