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- 1. Key Concepts of Saving and Investing How to Save for Your Future
- 2. Key Concepts of Saving & Investing Key #1: Pay yourself first Key #2: Set goals that will inspire success Key #3: Donโt take unnecessary risks Key #4: Put time to work for you Key #5: DiversifyโฆDiversifyโฆDiversify
- 3. Key Concepts of Saving & Investing Key #1: Pay yourself firstMake investing a habit. $5,000 $5,000 $5,000 Initial balance Interest per year 2.16% 8% 10% Deposit per month $0 $380 $279 Number of years 20 20 20 Future Value $7,699 $250,000 $250,000
- 4. Key Concepts of Saving & Investing Key #2: Set goals that will inspire success
- 5. Setting SMART Financial Goals Specific Time Limit Relevant Measurable Attainable Short-Term Goals = Within one year Medium-Term Goals = Within next 2-5 years Long-Term Goals = More than 5 years from now
- 12. Long-Run Cumulative Wealth Diversification Is Key
- 13. Key Concepts of Saving & Investing Key #5: DiversifyโฆDiversifyโฆDiversify โNever put all your eggs in one basketโฆโ
- 14. No one knows the future: Diversify
- 15. Safeguard Your Savings This presentation is made possible by: Missouri Secretary of StateRobin Carnahan www.investorprotection.org
Editor's Notes
- In this presentation, we will talk about how time value of money is such an important concept when you think about saving for the future, whether it is 1 year or 30 years down the road.
- This chart shows how any one investment vehicle (bonds in this case) can fluctuate greatly over time, which shows that the more diversification your portfolio consists of, the better off you will be in the long run.This graph clearly shows that any one investment vehicle, such as bonds, can fluctuate over the years, which is diversification is so critical in a financial portfolio to help lower risk.