write 1 and half pages about “Internal Control” using the information on the slides provided.
The Wealth Formula
GOALS
Money
+ Time
+ Rate of Return
Inflation
Taxes
Long Term Wealth
Historical Performance
of Investment Markets 1926-2013
$100
14
Compound Annual Return
– Small Stocks 12.3%
– Large Stocks 10.1
• Government bonds 5.5
• Treasury bills 3.5
– Inflation
3.0
1
100
10
010
1920
1000
19:40
1926
1966
1070
1900
What’s A Solid Financial Foundation?
RISK FACTOR
OPT
VERY HIGH
STOCKS
HIGH
EF – Emergency Funds
EDU – Education Funds
RET – Retirement Funds
LTC – Long Term Care
INS – Insurances
RE – Real Estates
MF – Mutual Funds
OPT-Options
RE/BIZ
MF
MID
(Sector Oriented Investment)
EF
EDU RET
LTC
INS
LOW
TAX ADVANTAGES
Responsibility & Wealth Risk
This concept theorizes that a person’s responsibilities generally decrease
and wealth generally increases over time.
LAW OF DECREASING
WEALTH
GENERALLY
LESS
SECURE
RESPONSIBILITIES
GENERALLY
MORE
SECURE
Little Income
Big Mortgage
Kids’ Edu Funds
Credit Card Debts
Car/Student/Other Loans
Die Too Soon!
LAW OF BUILDING
YOUNGER
Taking Care of Your Family
OLDER
Taking Care of Your Future
Who Works Harder for The $$$ ?
Middle Class
Rich People
$
S
The Difference is
$ Management!
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