My company offers presentations to educate on finances and retirement. Any misinformation on the notes below is the fault of the note taker. I didn’t catch anything as I was working.

• Pay yourself first by contributing to your retirement at work.
• Avoid procrastination: start to save today and compound interest works in your favor. The earlier you start saving/ investing the more money you’ll accumulate in the end.
• Create and stick to a budget. determine what your needs are and what are your wants.
• Have an emergency fund. $10 K if you can manage it or 6 months.
• The mortgage of a home is good debt.
• Credit card debt is not a good debt. You have to pay high interest.
• Rule of 72 is 72 / by interest rate = years your money will double
• Inflation increases prices. It diminishes purchasing power.
• Debt analysis- writing down all debts, interest rates, and maturity dates.
• Tax control triangle.
  1. taxable: checking acct. brokerage acct, real estate
  2. tax-free: Roth 401roth multiple bonds (interest) cast value life insurance
  3. tax-deferred 401 K, 403 b, 457, annites