Prezi

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in the manual

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Road Map to Financial Independence

No description
by Jacqueline Vang on 7 August 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Road Map to Financial Independence

Surround yourself by people who will influence your financial decisions in a
positive way.

Conclusion

Follow these simple steps and you will find yourself in a much happier financial situation!


FINANCIAL

ROAD MAP
TO

I
N
D
E
P
E
N
D
E
N
C
E

Yasmine & Minette
Kifaya & Jackie
financial independence?
Attaining financial independence is a
process
and won’t occur overnight!


Charles Schwab 2011 Teens & Money Survey Findings
What
is
**Reaching a point in life where you are 100% financially stable.


Why

is financial literacy

important?
7

steps to Financial Independence

FINISH
**Assists in reaching financial goals
**Financial literacy applies to EVERYONE.

Start saving early. Every penny counts!

Select a money mentor: one who is close to you, trustworthy, and responsible.
About 1 in 53 American Households filed for bankruptcy

Create a budget and set goals for your money management.



Open a savings account. You may not think you need it now, but you will in the future.
Know the difference between
wants
and
needs
. Don’t purchase anything based on impulse.



Take advantage of free money opportunities!!


Step 5:
Do
NOT
borrow money or take loans that you
KNOW
you cannot pay back.
- Post Secondary Enrollment Options (PSEO)
- College in the Schools (CIS)
- Grants
- Scholarships
- FREE Student Checking Accounts
Think
SMART
. Will the investment you make now hurt you down the road?
Members of the class of 2013 are graduating with an average
$35,200
in college-related debt.
- 39% said they would have done things differently -- like saving earlier, more thoroughly researching financial aid or looking for ways to save more and spend less while at school
Interesting Fact:
*55% of teens say they wait for items
to go on sale
*50% are making fewer "impulse purchases"
*42% are more likely to "comparison shop for the best price"

Interesting Facts:
Sources:
1. Save early
2. Seek a money mentor
3. Create a budget plan
4. Open a savings account
5. Borrow wisely
6. Don't be impulsive
7. Take advantage of FREE $$
START
Step 1:
Step 2:
Step 3:
Step 4:
Step 6:
Step 7:
77% of teenagers say their parents have been great
role models when it comes to money management.

http://beginnersinvest.about.com/od/wealthmanagement1/ss/independence.htm
Seventeen Spending Teen Survey
8 Secrets to Achieving Financial Independence
http://www.money-management-works.com/teen-spending.html
CNN Money
http://money.cnn.com/2013/05/17/pf/college/student-debt/index.html
http://www.aboutschwab.com/images/press/teensmoneyfactsheet.pdf
Interesting fact:
See the full transcript