Become a Millionaire?

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Welcome!!


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Become a Millionaire?
Most people dont take this question serious
because they know the chances of it happening are
slim to none.
Of course everybody would like to be a
millionaire.
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Become a Millionaire?
Assuming you were __ years old, how much money
would you need to save each day to have a
1,000,000 at age __?
Assuming you were 17 years old, how much money
would you need to save each day to have a
1,000,000 at age 65?
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Depends on your education.
Most people learn to do it the hard
way. 1,000,000/48 years/365 days 57/day Most
people agree that 57 per day is a LOT of money,
even when you are making 50/hror 300/hr.
Ironically, in almost every audience, there is
one person who thinks they could start saving 57
todaythey are usually the future business owner
in the group.
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Simple Math Doesnt Work
The problem is that middle America kids are
taught finances by their parents, and who were
taught by their parents. Rich Dad, Poor Dad
addresses a fundamental challenge.
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(No Transcript)
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No matter what your plan is
From athletes to doctors to hairstylist toANY
thing you plan to do for a livingyou need to
know thistodayand you may never hear it again.
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What are the rules?
How Money Works
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Compound Interest
2,000 4,000 8,000
2,000 4,000 8,000 16,000 32,000
2,000 4,000 8,000 16,000 32,000 64,000 128,
000 256,000 512,000
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Putting things in Perspective
19,623
Avg. of meals in retirement
And we all know what happens when you dont have
enough to eat.
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Loaner vs. Owner
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What is Safety?
a 90 LOSS!
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But, stocks can be risky
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Benefits of Mutual Fund

• Pooling of Assets Hires a Professional Manager

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Diversification
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Diversification
Outback Steakhouse International Paper Southwest
Airlines General Electric General
Motors Columbia/HCA Campbell Soup NationsBank Walt
Disney
CBS Ford ATT Dupont Compaq Chevron Citigroup Moto
rola Best Buy
IBM MCI Mobil Reebok Dillards Walmart Microsoft Co
ca Cola McDonalds
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Become a Millionaire?
Assuming you were 17 years old, how much money
would you need to invest each day to have a
1,000,000 at age 65?
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If you know the rules...
1.28 per DAY!
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What is the REAL Cost?
170
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What is the REAL Cost?
?

Cost of Smoking I recently calculated the cost
to smoke from age 15-55...40 years, 1 pack/day.
So, a pack/day is 30 cartons for a year. This is
1,200 a year in ciggies. If a person were to
invest the same 1,200 a year, they could have
almost 1,000,000 by the time they were 55. So,
this is just a little greater than the 48,000
out of pocket expense when you consider the FTV
of money when saved in a quality equity
investment.
Ok, so a young person may not actually smoke a
pack a day now, but they will soon...and
eventually they will smoke more than a pack a
day, so the average is 1 pack/day. Assuming a
person actually buys their cigarettes a carton at
a time...but since coming up with 40 for an
entire carton might be tough, this might actually
cost even more
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The HIGH Cost of Waiting
25 / Month _at_ 12 to age 65
Cost to Wait
350,067
1,500
7,709
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It Pays to Start Early!
At a 10 Rate of Return
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Know the Rules!
I. Know how money works
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Know the Rules!
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Know the Rules!
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Know the Rules!
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Know the Rules!
I. Know how money works
II. Dream BIGset GOALS
III. Have a Written Plan
IV. Work hard
V. Make good choices
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The Right Choices
The decisions you make today will determine your
opportunities of tomorrow.
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Trained to be an Employee

• Its the way of the worldyou work for an hour
  and you get paid.
• Unfortunately, this is a system that leads to
  frustration and disappointment.
• What if there was another way?
• Firsta couple of video clips
• (time permitting)

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Secret To Financial Independence
25-30 Years
INVESTOR HAS MONEY WORKING FOR THEM ENJOYS
COMPLETE FREEDOM, LIVES THE DREAM
5-15 Years
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The Right Vehicle!
The vehicle you choose will determine where you
go in life.
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Contact Information
If you have any questions, please feel free to
call
Michael Overstreet


[phone]
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Contact Information
If you have any questions, please feel free to
call
Drew Loker
[phone]


or
lokerd_at_hotmail.com