Financial Brief Everyday Strategies that will make a difference

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Financial BriefEveryday Strategies that will
make a difference

• Presented by
• James Dicks

I like the dreams of the future better than the
history of the past. Thomas Jefferson
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Making Money

• Common Sense just not necessarily common
  knowledge
• Seek out this Knowledge
• Arm yourself with the right tools
• Grow with training
• Learn from someone's mistakes and success

It is better to have an ambitious plan than none
at all. Winston Churchill
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Why Financial Management

• Flexibility to do the things you have always
  wanted.
• Achieve all of your Financial Goals
• Plan for your retirement
• Plan for your children's futures and their
  children's (Generational Wealth)

Plan backwards as well as forward. Set
objectives and trace back to see how to achieve
them.. Donald Rumsfeld
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Insurance for Success

• MONEY MANAGEMENT
• Learn How To Manage the Money That You Have.
• DIVERSIFICATION
• Learn How You Can Take Control Of Your Own
  Financial Independence

Dont be afraid to challenge the pros, even in
their own backyard. Thomas Jefferson
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The Plan

• You must have a Plan
• Write the plan down-(dont just think about it)
• Follow the Plan
• Use it as a road map
• Take charge of your Future

The purpose is clear. It is safety with
solvency.. Dwight D. Eisenhower
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Goals
I like the dreams of the future better than the
history of the past. Thomas Jefferson
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Quick Strategies to Remember

• Pay yourself first
• Pay off high interest rate credit cards
• Check your credit report often

Remember that credit is money. Benjamin
Franklin
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Financial StrategyCredit Reporting Agencies

• Experian 888-Experian
• Equifax - 800-685-1111
• Trans Union 316-636-6100
• www.creditreport.com
• www.myFICO.com

Never leave that till tomorrow which you can do
today. Benjamin Franklin
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Debt vs Cash

• You must be able to make more than you Pay in
  Interest
• Rule of thumb twice as much
• CASH is KING!

Dont be afraid to challenge the pros, even in
their own backyard. Thomas Jefferson
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Learn the Rule of 72
Lack of orders is no excuse for inaction.
George S. Patton
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The Best Investment in America

• Buy a home
• On average a home will double in value every 7-8
  years
• Interest expense can be written off
• Tight market will change
• New opportunities
• Look for Dont Wanters

Take calculated risks. That is quite different
from being rash. George S. Patton
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KEY WORDSFlexible
I am always ready to learn, but I do not always
like being taught.. Winston Churchill
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Lease Option

• Lease purchase
• Contract for deed
• Rent to own
• TRY before you BUY

It is better to have an ambitious plan than none
at all. Winston Churchill
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Pay Your Rate Down

• 300,000.00 Loan 7
• 3,000.00 1 point (pay an extra point)
• 100.00 Save per month
• In three years you will have saved 3600.00
• And 100.00 each month there after

You cannot push anyone up a ladder unless he is
willing to climb himself.. Andrew Carnegie
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Pay Off Your Loan Early

• When interest rates are rising use a fix rate
  mortgage
• If you plan to stay in your home more than 5
  years use a fix rate mortgage
• Use a 30 year and pay off early

Only those who dare to fail greatly can ever
achieve greatly.. Robert F. Kennedy
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Strategy

• Use an Amortization Schedule
• Available Online Free
• Call your Mortgage Company to get yours
• Can be used for any simple interest loan

The purpose is clear. It is safety with
solvency.. Dwight D. Eisenhower
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WWW.jdmilitary.com
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WWW.jdmilitary.com
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Always Make your Payment
May 1, 2008
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(No Transcript)
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Second Check
May 1, 2008
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May 1, 2008
May 1, 2008
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SAVE 1,352.94
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WWW.jdmilitary.com
Pay More than one Principal
685.39
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WWW.jdmilitary.com
SAVE 4,055.12
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Principal Only
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You Must Make a Payment Every Month
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The torch has been passed to a new generation.
John Fitzgerald Kennedy
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Planning for Retirement

• Retirement Plans
• 401k
• TSP
• Max out to Match then control your investment

There are no secrets to success. It is the
result of preparation, hard work and learning
from failure.. Colin Powell
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Preservation vs Growth

• Depending on where you are at you will have
  different investment goals

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Stocks/Mutual Funds

• IRAs
• 401ks
• TSP
• Online Trading Account
• Options Express
• AmeriTrade
• Scott Trade
• E-Trade

Plan backwards as well as forward. Set
objectives and trace back to see how to achieve
them.. Donald Rumsfeld
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Common Mistakes

• 1- Dont Get Emotionally Involved
• It will come back
• Its a good company
• It cant go any lower
• I cant sell it now
• I have a feeling about this one

I like the dreams of the future better than the
history of the past. Thomas Jefferson
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Common Mistakes

• 1- Dont Get Emotionally Involved
• 2- Lack Discipline
• 3- Listening to the so called experts
• 4- Trade against the Trend
• The Trend is your Friend

The purpose is clear. It is safety with
solvency.. Dwight D. Eisenhower
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TREND
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Time Value of Money
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Buy and Hold
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Tradeing
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Sample Channel Stock
4 BUYS-4 SELLS in 4 Months If you invested
1,000 You would still have 1,000 Using Buy and
Hold Strategy Investment Entry Price Shares
Profit _at_ 57.01 1,000.00 50.45 20
130.03 1,130.03 50.45 22
146.94 1,276.97 50.45 25
166.04 1,443.01 50.45 29
187.63 In 4 months you made a 44.3 ROI
SELL
SELL
SELL
SELL
RESISTANCE
BUY
SUPPORT
BUY
BUY
BUY
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Paper Trade

• Use as a practice account
• Dont worry about losing just develop your plan
• Trade your plan
• Once successful- trade the same way with real
  money

If a man does his best, what else is there?.
General George S. Patton
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Jdicks_at_premieretrade.com
www.JDMilitary.com