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YIS Module 1 - Lesson 5
Transcript of YIS Module 1 - Lesson 5
In this lesson you will learn the common mistakes that should be avoided in your life.
At the conclusion of this lesson, you should:
Gain an understanding of how
to lose money
FIVE STEPS TO FINANCIAL FREEDOM
AVOIDING THE COMMON MISTAKES
Curriculum, videos and lesson plans.
YIS Glossary of Terms
For stock charts and basic company information.
The Early Investor (YIS Edition): How Teens & Young Adults Can Become Wealthy
Online portal of stock research reports.
Great daily content and stock picks.
on the blue rectangles to get the website and description of the resource
after watching a resource to return
to continue with the Prezi
Write a letter to mentor future learners of this course
A FINANCIAL PLAN
HARNESS THE POWER OF
THE COMMON MISTAKES
What are the
FOR FINANCIAL FREEDOM
we have learned so far?
So far we have learned the formula for making money
or don't be
a list of ways that people do
stupid things with their money
(A.K.A. “THE STUPID LIST”)
In our digital world, scam artists are everywhere. If it sounds too good to be true, it usually is. Do your homework before pressing the button.
If ever you are approached by a friend or family member about “cheating” the system, walk, or even run, away. Cheating causes consequences for you as well as other people who are trying to make a living and grow their money honestly. Cheating also causes greed….and greed will eventually sink your financial ship.
If you earn 1% interest for the year in your bank account, but inflation is 3% for the year,
THE SIX COMMON
This goes without saying. Remember to live within or below your means
Unnecessary debt is a recipe for financial disaster! If you don’t have the money to pay for it,
Another recipe for disaster.
(Trying to Time the market)
If you are out of the stock market for the 10 best performing days of the year, your potential gains for the year are essentially wiped out.
you actually lost -2%!!
budget exercise in lesson two?
"lost opportunities" of spending too much money
common financial scams and how to avoid them
and define the
‘Real Rate of Return’
What are some of the consequences of being guilty of insider trading?
real-life examples of investors who were found guilty of insider trading.
Who do I want to be in 30 years (career, family life, impact on the world)?
How do I expect to achieve my goals?
What are the lessons learned during this module The Five Steps to Financial Freedom that I felt were important?
End with a Commitment Statement: “I want you to know that I commit to making this happen by…” “I know I can succeed because…”
Remember sign up for the
Picking Great Stocks
and register here
learning about how to invest successfully in the stock market
For basic stock concepts.