Financial Literacy

Financial Literacy

 

Vision Statement: To empower people with to live a life free of lack to walk in abundance while living on earth.

 

Mission Statement: To teach practical principles, plans and strategies for living a life that is dept free.

 

Job 36:11  ~  If they obey and serve Him they shall spend their days in prosperity and their years in pleasures.

 

Isaiah 1:19 ~ If ye be willing and obedient, ye shall eat the good of the land.

 

Class 1:  Budgeting and Saving

 

A.    Ways to cut your budget to save

    ***Expenses

    ***Changing habits

    ***Pay yourself first

 

B.    Three important accounts everyone should have

    ***Emergency fund

    ***Short term goals/dreams

    ***Long term (retirement)

 

C.    Comparison of differences between bank accounts and investment accounts

    ***Rule of 72

    ***Mutual funds

    ***Time and consistency

 

Class 2:  Retirement Planning

 

A.    How much money will you need in retirement?

    ***Financial independence number

    ***Importance of starting a retirement account early

 

B.    What will your expenses be in retirement?

    ***70% of adults age 65 and over will need long-term care either at home or in a facility

    ***Medicare doesn't cover many expenses

 

C.    Roth IRA v. traditional IRA or other retirement account

 

Class 3:  Being Prepared

 

A.    Wills, power of attorney, and advanced directives

 

B.    Life insurance

    ***Whole v. term

    ***How much do you need?

C.    Organizing and safekeeping of important documents