Wealth Planning and Financial Independence
This course is for everyone who strives and works hard for the day they can comfortably retire. I am here for those who realize they need a plan, who are willing to work toward it and who are willing to make an honest evaluation of their lifestyle and the expenses associated with it.
✔ begin to understand the difference between being rich and being wealthy
✔ know the decisions you will need to make regarding your lifestyle and the support of it
✔ know the difference between active and passive income
✔ learn how to calculate when you can comfortably retire
Decide How you Want to Invest in the Stock Market
In this module, we will proceed one step further down your path as we focus on the “how” you want to invest. The focus of the first module was the “what” and the “when.” This module will introduce the concepts, the principles and the certain benefits of the “how.”
✔ begin to focus on the concepts and the principles of investing in the stock market
✔ be given an overview on managed and self-directed investments
✔ learn the benefits of using apps and robo-advisors
✔ learn the benefits of an employer-sponsored 401(k)
Choose an Investment Account
I would like for you to expand your thoughts and your potential investment strategies to include your children, grandchildren and others who you want to provide for in future years.
✔ learn of taxable and tax-advantaged account
✔ be introduced to the different types of IRA accounts
✔ learn of the choices in savings accounts for health and education
Learn How to Invest in Stocks vs. Funds
This module will be a deeper dive into the stock market. I will introduce you to the S&P 500, the DOW and what all of this may mean as you consider and develop your investment plan.
✔ begin to focus on the concepts and the principles of investing in the stock market
✔ be given an overview on managed and self-directed investments
✔ learn the benefits of using apps and robo-advisors
✔ learn the benefits of an employer-sponsored 401(k)
Set a Budget for Your Stock Market Investment
Discussing the practicalities of getting you where you need to be to begin recognizing your potential by setting an investment budget.
✔ learn that establishing your investment budget and continuing to live your life are not mutually exclusive
✔ come to know how to establish a realistic budget
✔ be reminded to keep it easy
✔ understand how your investment budget ties into your life budget
Focus on Investing for the Long-Term
The earlier you begin investing—even if it is $5 every week—you will come to understand how the first $5 will work the hardest for you—over time. As the previous module explained how to determine the amount of disposable income to invest, this module will focus on the “when” and the “how often.”
✔ the difference between investing and gambling
✔ the basics of dollar-cost averaging
✔ compounding
✔ the principles behind investing for the long term
Manage Your Stock Portfolio (Become Your Own Financial Manager)
In this module, you’ll learn how to be your very own financial manager. We’ll stick to the basics. Don’t be intimidated, everything is simpler than it first seems. When you are a long-term investor, managing your stock portfolio is easy because you don’t have to worry about much.
✔ diversification
✔ ways to “stick to the plan”
✔ the taxability of the earnings and early withdrawals of pre-tax dollars
Investing Mindset and Setting Yourself Up For Financial Success
This module will advise of pragmatic ways and methods to productively reach your path once it is identified. To achieve this position, you must take one step at a time and set realistic goals.
✔ of habits—the good and the bad
✔ the effects of household debt—the good and the bad
✔ about mental preparation for losses
✔ of ways to increase income