Monday, May 17, 2010

TAKE CHARGE OF YOUR MONEY

"Market Guys" Rick Swope and A. J. Monte's slides from their PBS show.

Make the Commitment

Make a List of Your 5 Top Financial Concerns

Create a Contract For Yourself

Follow the Rules of the Game

Start with Some Basic Learning

Start Creating Your Own Personal Money Reference Manual

Begin to Create a Money Plan

K.I.S.S. Principal
Keep It Super Simple

Pick Any 3 of Your
Savings and Income or Expenses and Debts
That You Want to Change

Learn How to Follow the Money Trail

Summary
  • Creating a Plan
  • Knowing Where You Are
  • Be Accountable
Make Sure When Something Goes Against You, It Doesn't Wipe You Out

Great Investors Watch Their Losses
Poor Investors Watch Their Profits

Always Know What Your Exit Plan Is Before You Invest

Do I Know Where I Would Sell this Investment if It Started to Lose Money for Me?

Calculate Your Net Worth

10% Rule

To Impact Your Net Worth
  • Work Smarter
  • Work Harder
  • Work Longer
Don't Throw Good Money After Bad

Commit Yourself to Education

Don't Let Your Money Take Charge of You
Take Charge of Your Money!

Recognize That Your Emotions Are Your Enemy in Taking Charge of Your Money

Trust Yourself More than You Trust the Hype

Take Control of Your Own Plan to Move Forward

Know What Your Exit Plan Is

Summary
  • 10% Rule
  • Create a Plan
  • Life-Long Education
Identify the Enemy

  • Be Smart
  • Know What Is Happening Around You
  • Take Action
Go Out and Find 5 People to Teach This Information To

Go Back to the Basics

Take Action

Create Your Legacy

Find the Need and Fill the Need

Write Down Goals that Will Motivate You

  • Set a Goal for Yourself
  • Write It Down
  • Who/What Do You Want to Change?