Saving & Investing

Here are the notes of a class I taught today.
More detail is found within the blog.

Saving & Investing

1) Emergency Savings – 3 to 9 months of monthly costs.
• http://savingsaccounts.com/
• HSBCDirect
• EmigrantDirect
• INGDirect
Avoid credit card debt and using retirement account.
Reduce stress with job loss, car accident, and natural disaster.

2) Retirement Account - matching.
• 401k, TSP, 403b, Roth IRA
"By periodically investing in an index fund, the know-nothing investor can actually outperform most investment professionals." ~Warren Buffett

The miracle of Compounding Interest:
http://www.geocities.com/craigfield12/IRASheet.jpg

3) Education - the fun way!
iTunes - Podcasts
• Dave Ramsey - Basics
• Ric Edelman - Advanced
http://finance.yahoo.com/
Expert Opinion – Great Articles

4) Take Action!
If you know you are going to have 7 years of plenty what decisions will you make before the 7 years of famine?

My blog:
http://colonial-investment-club.blogspot.com/

Dave Ramsey classes taught to 60% of high school students in Utah, sponsored by Zions Bank.
http://www.daveramsey.com/etc/cms/index.cfm?intContentID=8922