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The
great debate
is when
to teach
about money.
When should
a young
person understand
the basic
rules of
balancing
a checkbook
and/or setting
up a budget.
I am left
with no
answer except
to say that
this process
of understanding
money should
be a part
of elementary
and high
school.
To
take the
discussion
a step further,
is it better
to be a
good offensive
player,
or is it
better to
play defense
well? I
guess that
saving and
investing
is like
playing
football...
When
you are
young, you
don't worry
about outliving
wealth.
But it is
a major
concern
based on
the how
money works.
The younger
you begin,
the better
your performance,
and the
better your
ability
to prepare
for investing,
savings
and wealth
that outlives
you. Savings
and investment
performance
is key,
but not
at the expense
of being
secure.
Your
defense
will protect
against
what we
just saw
over the
past 18-24
months.
They include:
- Money
Market
Accounts
- CDs
- Savings
Accounts
- Fixed
Annuities
- Bonds,
etc.
Although
we think
that we
will live
forever
when young,
you should
use that
mindset
to develop
your financial
approach...
because
you will
probably
live longer
than you
think. Your
reality
becomes
a concern
if your
savings
and investments
are not
making an
after tax
return equal
or greater
than the
rate of
inflation....
and what
is inflation
right now?
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When
you
understand
how
money
works,
you
will
understand
risk
and
reward.
I challenge
you
to save,
and
understand
the
"rule
of 72".
What
is it?
Thats
what
we do...
educate
youth
on budgeting
and
investments!
From
banking
(checking
accounts)
to creating
wealth.
I
encourage
you
to take
the
chance...
and
gain an
understanding
of
wealth.
Look
for
our
calendar
of scheduled
interactive
groups
coming
in 2010,
or contact
us
with
questions.
We
will
be scheduling
simple
Banking
and
Budgeting
seminars
to begin on Sunday August 1st of 2010.
There
will
be added
benefits
for
participation...
find
out
at the
first
session.
Classes
will
be held
initially
in Riverside, CA
@ the Rubidoux SDA Church facility at the Corner of Victoria and Central.
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The
future
is going
to exist.
How
do you
intend
to prepare
yourself
for
that
desired
future
of success?
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- Don't
allow
those
with
limited
integrity
to
impact
your
life,
don't
involve
yourself
in
things
that
don't
matter
in
the
long-run,
and
surround
yourself
with
people
that
are
positive
and
that
have
done
something
good
for
others.
- Study
about
the
future,
and
watch
future
trends.
Unlike
the
past,
we
have
tools
and
mechanisms
that
can
tell
us
the
direction
of
technology
and
future
product
and
demand.
Listen
to
the
drum-beat
of
the
market,
and
listen...
- Be
positive
and
learn
all
you
can.
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