1. BRESEE BANKING
FILLING YOUR BUCKET

2. WHAT DO YOU DO FOR POINTS?
Good report card??
·        Earning an income
-        Bresee points – how earn the points, how choose what going to do to earn the points?
·        Factors in choosing a career: cash and personal utility. How choose?
-        What like to do
-        What good at
-        Why choose one job over another?
-        Working environment tradeoffs Lawrence tell investment banking story, how much made per hour
Þ    Hours
Þ    Intensity
Þ    Job security
Þ    Growth opportunities
-        Risk tolerance (self-employment vs. salaried positions)
-        Earning potential
Computer lab??
Take Classes??

3. You Earn Your Points by:
Easy Work?
Homework for some,
computer lab for others
Hard Work?
Good report card for some,
teach money class for others
Smart work?
Tricks of the trade????
HOW DO YOU CHOOSE?

4. What you like to do?
What your time is worth?
What is easy for you?
How do you choose?

5. MAKING A LIVING - FILLING YOUR BUCKET
Work is 8 hours a day,
5 days a week,
45 years….
LOTS OF LIFE –
IMPORTANT CHOICES

6. MAKING A LIVING - FILLING YOUR BUCKET
What do You Like?
Be around other people?
Work with hands?
Speak?
Work with money?
Dance?
·        Factors in choosing a career: cash and personal utility. How choose?
-        What like to do
-        What good at
-        Why choose one job over another?
-        Working environment tradeoffs Lawrence tell investment banking story, how much made per hour
Þ    Hours
Þ    Intensity
Þ    Job security
Þ    Growth opportunities
-        Risk tolerance (self-employment vs. salaried positions)
-        Earning potential 6

7. ? WHAT ARE YOU GOOD AT? MAKING A LIVING - FILLING YOUR BUCKET
• Math • Managing People
• Communicating Ideas or Instructions ?

8. Athlete - career over at 40 Model - career over at 25
MAKING A LIVING - FILLING YOUR BUCKET
Some careers start early end early?
Athlete - career over at 40
Model - career over at 25
Military - too old at 39 8

9. What’s Important to You?
Choose Your Top Four
Do what you like to do
High salary
Living big city/small town
Live close to work
Secure job at secure company
Live close to friends, relatives
No overtime only 40 hours a week
Working conditions – safe??? Indoors??
Work by yourself or on team
Benefits – insurance, schooling,training,retirement
Needs (responsibilities) vs. wants (goals)
Life choices impact financial security
·        Education
-        Career and non-career benefits
-        Impact on earning potential
-        Factors in choosing a college education decision framework
-        Liberal arts vs. specialized education

10. CHOOSE YOUR CAREER Choices Tradeoffs • A big paycheck for a bad boss?
What do you like?
What are you good at?
What’s important to you?
•Make a lot?
•Like your job?
Tradeoffs • A big paycheck for a
bad boss?
•Work close to home for
lower pay?

11. CHOOSE YOUR CAREER Different professions and earning levels
Different professions and earning levels
-        Determinants of salaries pricing and value
-        Income taxes plus other payroll taxes, FICA, city tax etc.

12. The Taxman Cometh You Get Paid: $60,000 Taxes:
Taxes:
- Social Security minus $4,200
- Federal minus $8,000
- State minus $5,400
You Take Home $42,400

13. SOME EARN MORE TOMORROW

14. Work for Points Get a Check per Project How You Get Paid
n      paychecks, bonuses, benefits
n      self employment income commissions
n      raises, promotions lifelong results of career choice

15. Getting Paid in Real World
• Work for someone else
Salary
• Work for yourself
Self employment income
• Sales
Commissions

16. VALUE OF EDUCATION 16 · Education - Career and non-career benefits
-        Impact on earning potential
-        Factors in choosing a college education decision framework
-        Liberal arts vs. specialized education
Ongoing career planning more education? 16

17. Education – An Investment

18. Everyone’s Bucket Gets $1 Million
40 years at $25,000 per year = $1 million
30 years at $33,333 per year = $1 million
15 years at $66,667 per year = $1 million
What do you do with Yours?

19. KEEPING WHAT’S YOURS
Next Class
SPENDING MONEY