1. KEYS TO FINANCIAL SUCCESS HOW TO MANAGE AND MAXIMIZE YOUR ASSETS PLAN YOUR FUTURE BY BEGINNING WITH THE END IN MIND

2. SPENDING HABITS WATCH FOR THREE BAD WORDS: DISCOUNT! NOW! AND SAVE! WATCH FOR THESE BAD TERMS: LIMITED TIME! LIMITED QUANTITY! AND ONCE- IN-A LIFETIME OPPORTUNITY!

3. SPENDING HABITS LOOK CLOSELY AT THESE TERMS; PRE-HOLIDAY SALE END OF THE SEASON SALE CLEARANCE SALE AND BUY TODAY AND PAY NOTHING FOR 6 MONTHS

4. TIPS ON SAVING MONEY PAY YOURSELF FIRST-YOU NEED TO SAVE 6 MONTHS OF YOUR MONTHLY INCOME USE PAYROLL DEDUCTIONS SAVE WINDFALL INCOME SUCH AS TAX RETURNS OR MONETARY GIFTS. COLLECT LOOSE CHANGE.

5. TIPS ON SAVING MONEY TRY FRUGAL SPENDING. BREAK A HABIT SUCH AS GOING TO THE MALL EVERY SATURDAY SAVE LUNCH MONEY. SAVE SALE MONEY. HAVE A NOTHING.

6. MORE TIPS FOR SAVING MONEY BEFORE PURCHASING, ALWAYS RESEARCH THE COST OF MAJOR ITEMS. USE COUPONS AND DISCOUNTS BUT BE CAREFUL. UTILIZE OUTLET STORES, SHOP OFF-SEASON AND BUY CLOTHES THAT WILL ENDURE. BECOME AN INFORMED BUYER AND DONT BUY MORE THAN YOU NEED. SUBSTITUTE A LESS COSTLY ITEM. TAKE CARE OF YOUR POSSESSIONS AND AVOID WASTE. ALWAYS COMPARE SHOP.

7. MORE TIPS FOR SAVING MONEY- USING THE CREDIT CARD DO NOT HAVE MORE THAN 2 CREDIT CARDS AND PAY OFF THE BALANCES IN A TIMELY MANNER. AVOID PAYING THE MINIMUM MONTHLY PAYMENT. FOR LARGE PURCHASES, PLAN TO PAY OFF IN 3 MONTHLY INSTALLENTS. DO NOT CONSIDER A CREDIT CARD AS AN EMERGENCY FUND.

8. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT STOCKS ARE AN ASSET THAT CAN INCREASE YOUR NET WORTH STOCKS ALLOW YOU TO HAVE OWNERSHIP IN A PUBLIC COMPANY ON THE NEW YORK STOCK EXCHANGE OR THE NASDAQ INVESTING IN STOCKS CAN ASSIST IN MAINTAINING OR INCREASING YOUR PURCHASING POWER DURING INFLATIONARY TIMES

9. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT YOU CAN RECEIVE DIVIDENDS(QUARTERLY BONUSES) FROM THE STOCKS AND/OR PROFIT FROM THE INCREASE IN THE PRICE OF A STOCK. YOU CAN ALSO LOSE MONEY IF THE PRICE DROPS. EXAMPLES OF GOOD COMPANIES TO BUY STOCK: IBM, MICROSOFT, JOHNSON AND JOHNSON, GOOGLE, APPLE INC, WALMART, SCANA, PROCTER AND GAMBLE, INTEL, BANK OF AMERICA, AND CISCO SYSTEMS

10. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT IF YOU ARE LOOKING TO INVEST CONSERVATIVELY, YOU NORMALLY WANT TO PURCHASE BONDS. YOU PURCHASE BONDS IN UNITS OF $1000 WITH FIXED INTEREST RATES AND FIXED TERMS. YOU RECEIVE INCOME FROM THE INTEREST EITHER MONTHLY, QUARTERLY, SEMI-ANNUALLY OR ANNUALLY. BONDS ARE LONG-TERM WITH TERMS LASTING 5 TO 30 YEARS.

11. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT WHEN YOU PURCHASE A BOND, YOU ARE PURCHASING AN ORGANIZATONS DEBT. EXAMPLES OF BONDS INCLUDE FEDERAL TREASURY BONDS, BILLS AND NOTES. YOU CAN ALSO PURCHASE STATE BONDS, CITY OR MUNICIPAL BONDS, OR CORPORATE BONDS.

12. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT A MUTUAL FUND IS A COLLECTION OF DIFFERENT STOCKS, COLLECTION OF DIFFERENT BONDS, OR A COLLECTION OF DIFFERENT STOCKS AND BONDS COMBINED. THE MUTUAL FUND IS MANAGED BY A SINGLE FINANCIAL COMPANY THAT BUYS ALL THE STOCKS AND BONDS FROM ALL AVAILABLE SOURCES.

13. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT THE ADVANTAGE OF A MUTUAL FUND IS THAT YOU CAN PURCHASE THE MUTUAL FUND THAT HAS THE TEN COMPANIES OF STOCK THAT YOU WANT. THE MUTUAL FUND ADDS DIVERSIFICATION WHICH REDUCES OR SPREADS THE RISK OF THE STOCK FALLING OR THE BOND FAILING.

14. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT DUE TO THE COST TO USE THE MUTUAL FUNDS SUCH AS 2-5%, MUTUAL FUNDS ARE BEST FOR LONG-TERM INVESTING INSTEAD OF INVESTING LESS THAN ONE YEAR.

15. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT EXAMPLES INCLUDE AGGRESSIVE GROWTH FUNDS, BALANCE FUNDS, BOND FUNDS, INTERNATIONAL FUNDS, OR BLEND FUNDS. MUTUAL FUND COMPANIES INCLUDE AMERICAN FUNDS, JP MORGAN, JOHN HANCOCK, FIDELITY, VANGUARD, AND OPPENHEIMER

16. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT EXCHANGED-TRADED FUNDS (ETFs)-ACT LIKE MUTUAL FUNDS BUT TRACK AN INDEX, COMMODITY OR BASKET OF STOCKS AND BONDS. EXAMPLES INCLUDE NATURAL GAS ETF, GOLD ETF, JAPAN ETF, S & p 500 ETF, ENERGY ETF, HEALTH CARE ETF, AND CHINA ETF.

17. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT CERTIFICATE OF DEPOSITS (CD)-ACT LIKE A BOND WITH FIXED RATES AND TERMS. THE RATES ARE LOWER AND THE TERMS ARE SHORT- TERMS SUCH AS 3, 6, 9, 12, 48, OR 60 MONTHS.

18. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNTS (IRA)-YOU CAN CONTRIBUTE UP TO $5000 ANNUALLY OF BEFORE TAXES OR TAX- DEDUCTIBLE MONEY. THIS IS A MEANS TO SAVE FOR RETIREMENT. IF YOU TAKE OUT BEFORE 59 1/2 YEARS OF AGE, CAN WILL BE TAXED AND PAY A 10% PENALTY. YOU CAN INVEST YOUR MONEY IN MANY INVESTMENT MEANS.

19. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT ROTH IRA-YOU CAN CONTRIBUTE UP TO $500 ANNUALLY OF AFTER TAX DOLLARS. THE ADVANTAGE IS THE DOLLARS ARE ALREADY TAXED AND YOU CAN INVEST BEYOND 70 ½ WITHOUT FORCE WITHDRAWALS.

20. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT 529 EDUCATION IRA PLAN-A TAXED ADVANTAGED INVESTMENT VEHICLE DESIGNED TO ENCOURAGE SAVING FOR FUTURE COLLEGE EXPENSES FOR A DESIGNATED BENEFICIARY SUCH AS PARENTS SAVING MONEY FOR THEIR CHILDRENS EDUCATION OR GRANDPARENTS SAVING MONEY FOR THEIR GRANDCHILDREN.

21. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT THERE ARE TWO TYPES OF 529 PLANS: PREPAID AND SAVINGS PLANS THE PREPAIN PLAN ALLOWS ONE TO PURCHASE TUITION CREDITS, AT TODAYS RATES, TO BE USED IN THE FUTURE. THEREFORE, PERFORMANCE IS BASED ON THE TUITION INFLATION. THIS PLAN IS ADMINISTERED BY THE STATE OR COLLEGE. YOU MUST ATTEND A COLLEGE IN YOUR COLLEGE IN YOUR STATE TO RECEIVE THE TAX FREE FUNDS.

22. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT THE SAVINGS PLAN IS DIFFERENT IN THAT ALL GROWTH IS BASED ON WHAT YOU PUT IN THE PLAN AND MARKET PERFORMANCE OF THE UNDERLYING INVESTMENT SUCH AS MUTUAL FUNDS OR ETFs.

23. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT 401K RETIREMENT PLAN-MANY COMPANIES OFFER THEIR EMPLOYEES AN OPPORTUNITY TO INVEST IN A 401K RETIREMENT PLAN. THIS IS THE MOST COMMON RETIREMENT PLAN. THE EMPLOYEES CONTRIBUTE PART OF THEIR SALARY TO THE PLAN ON A PRETAX BASIS INTO AN EMPLOYEE TRUST AND THE EMPLOYERS MAY ELECT TO MAKE MATCHING CONTRIBUTIONS ON BEHALF OF THEIR EMPLOYEES. THE CONTRIBUTIONS CAN BE INVESTED IN MUTUAL FUNDS, STOCKS, OR BONDS. THE EMPLOYEE DECIDES HOW TO INVEST.

24. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT PENSION RETIREMENT PLANS- THESE PLANS ARE MORE COMMON WITH THE FEDERAL, STATE AND LOCAL GOVERNMENT, THE MILITARY AND VERY LARGE WELL-KNOW COMPANIES SUCH AS FORD, GM, GE, IBM, WESTINGHOUSE AND SCANA.

25. MANAGING YOUR ASSETS- GROWTH AND RETIREMENT INSTEAD OF YOU MAKING CONTRIBUTIONS AND DECIDING HOW TO INVEST IN THE PENSION PLAN, THE EMPLOYER OR COMPANY PROMISES A SPECIFIED MONTHLY BENEFIT AT YOUR RETIREMENT THAT IS PREDETERMINED BY A FORMULA BASED ON YOUR EARNINGS, WORK HISTORY, TENURE OF SERVICE AND AGE.

26. KNOW YOUR NET WORTH YOUR NET WORTH IS THE DIFFERENCE BETWEEN YOUR ASSETS LESS YOUR DEBTS. IF YOUR ASSETS EXCEED YOUR DEBTS, YOUR NET WORTH IS POSITIVE. IF YOUR DEBTS EXCEED YOUR ASSETS, THEN YOU HAVE A NEGATIVE NET WORTH.

27. KNOW YOUR NET WORTH EXAMPLES OF ASSETS ARE CHECKING AND SAVINGS ACCOUNTS, STOCKS, BONDS, MUTUAL FUNDS, 401Ks, IRAs, PAID VEHICLES, JEWELRY, PAID FURNITURE, MARKET VALUE OF HOME, AND CASH IN A LIFE INSURANCE.

28. KNOW YOUR NET WORTH EXAMPLES OF DEBT ARE STUDENT LOANS, CAR LOANS, CREDIT CARD DEBT, MEDICAL BILL DEBT, PERSONAL LOANS, BALANCE ON YOUR MORTAGE BOAT LOANS, FURNITURE LOANS, JEWELRY CREDIT DEBT, STORE CREDIT CARDS AND ANY OTHER OUTSTANDING DEBT

29. PROTECTING YOUR ASSETS LIFE INSURANCE-WHOLE, TERM LIFE, AND UNIVERSAL-PREMIUMS, CASH BUILDUP HEALTH INSURANCE-BLUE CROSS, AETNA, UNITED HEALTH-PREMIUMS, CO-PAYS, DEDUCTIBLES AUTOMOBILE AND HOME INSURANCE- PREMIUMS AND DEDUCTIBLES

30. PROTECTING YOUR ASSETS WILLS-USE TO PLAN HOW TO DISTRIBUTE YOUR ASSETS AFTER DEATH LIVING TRUSTS-MAY BE ESTABLISHED TO PROVIDE FOR THE MANAGEMENT OF ASSETS IN THE EVENT OF AN INDIVIDUALS INCAPACITY OR ILLNESS, AND TO AVOID THE TIME AND COST OF PROBATE UPON DEATH.