IndySaves Build Wealth – Not Debt INDY SAVES You Can Build Wealth.

IndyIndySavesSavesBuild Wealth – Not Debt

INDY INDY SAVESSAVESYou You CanCan Build Wealth Build Wealth


The good news – we The good news – we can save and build can save and build

wealthwealth•What is What is wealth?wealth?

•Can YOU be Can YOU be wealthy?wealthy?


Start with financial Start with financial dreamsdreams

•What are your What are your financial financial dreams? dreams?

•Do you dream Do you dream about being about being wealthy?wealthy?


Dreams can become Dreams can become goalsgoals

If they are:If they are:•ClearClear•DescriptiveDescriptive•TargetedTargeted•PrecisePrecise•Building Building

blocksblocks


“ “ SMART ” goalsSMART ” goals

•S-SpecificS-Specific•M-MeasurableM-Measurable•A-Agreed UponA-Agreed Upon•R-RealisticR-Realistic•T-TimedT-Timed

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“ “ SMART ” goals are SMART ” goals are easyeasy

•Pay off $1200 Pay off $1200 credit card by credit card by Dec. 2004Dec. 2004

•Save $2,400 in Save $2,400 in two years for two years for emergency fundemergency fund


The bad news – we’re The bad news – we’re living on the financial living on the financial

edgeedge• 3 out of 4 Americans face 3 out of 4 Americans face

at least one major financial at least one major financial problem problem

• Individuals saved 9.6% in Individuals saved 9.6% in the 70’s, 5.9% in the 90’sthe 70’s, 5.9% in the 90’s

• 1.37 million Bankruptcies1.37 million Bankruptcies• Household debt = $7 Household debt = $7

trillion+trillion+


Where can you find Where can you find money to save?money to save?

•Ask yourself:Ask yourself:•Do I need this?Do I need this?•Is it even good for me?Is it even good for me?•What happens if I do What happens if I do not have it?not have it?

•Is there a better way Is there a better way to use this money?to use this money?


The Miracle of Compound The Miracle of Compound InterestInterest

$614 $3,400$7,764

$29,775

$76,301

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

1 year 5 years 10 years 25 years 40 years

Years

Inte

rest

ear

ned

31% of total ($24,000) is principal

69% of total ($52,301) is interest on principal and interest on interest


Wealth-building Wealth-building strategiesstrategies

•Set specific goals such as:Set specific goals such as:– Drive a car that is paid forDrive a car that is paid for

– Buy furniture, don’t finance itBuy furniture, don’t finance it

– Save $25, $50 a month Save $25, $50 a month through bankthrough bank


Wealth-building Wealth-building strategiesstrategies

•Save through employer’s Save through employer’s retirement planretirement plan– 401(k), 403(b), or 457(b) plans 401(k), 403(b), or 457(b) plans

•Contribute to your Roth IRAContribute to your Roth IRA•Saving in your homeSaving in your home

– Buy a home that you can affordBuy a home that you can afford– Build equity, rather than paying rentBuild equity, rather than paying rent


3 3 GOLDEN GOLDEN RULESRULES for SAVINGfor SAVING•Develop a simple savings Develop a simple savings

planplan•Set up automatic Set up automatic

deductionsdeductions•Spend less than you earn Spend less than you earn

and save the differenceand save the difference


Indy Saver BenefitsIndy Saver Benefits

• No-fee savings and investment accountsNo-fee savings and investment accounts• Free one-on-one coaching session(s)Free one-on-one coaching session(s)• Seminars taught by expertsSeminars taught by experts• Referrals as neededReferrals as needed• Wealth-building clubsWealth-building clubs• American Saver newsletter 4 times a American Saver newsletter 4 times a

yearyear• Participation in drawings for Savings Participation in drawings for Savings

Bonds and other financial productsBonds and other financial products


Save and Build Save and Build WealthWealth

• How does How does INDY INDY SAVESSAVES work ? work ?

• What does it take to What does it take to become an INDY become an INDY SAVER ?SAVER ?– Agreement FormAgreement Form– Activate your PlanActivate your Plan– Wealth Building Coach Wealth Building Coach

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IndySaves Build Wealth – Not Debt INDY SAVES You Can Build Wealth.

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