,,*APT] ,?REE ,LESSON TWO3 ,:Y ,T1* ,F9ANCIAL ,LIT]ACY8 ,:Y T1* A * F9ANCIAL LIT]ACY8 ,9 #AIIJ1 MY BE/ FR1 ,MIKE1 TOOK OV] 8 "F'S EMPIRE & IS1 9 FACT1 DO+ A BETT] JOB ?AN 8 DAD DID4 ,WE SEE EA* O!R ONCE OR TWICE A YE> ON ! GOLF C\RSE4 ,HE & 8 WIFE >E W1L?I] ?AN Y CD IMAG9E4 ,RI* DAD'S EMPIRE IS 9 GRT H&S1 & ,MIKE IS N[ GROOM+ 8 SON 6TAKE 8 PLACE1 Z 8 DAD _H GROOM$ U4 ,9 #AIID1 ,I RETIR$ AT ! AGE ( #DG1 & MY WIFE1 ,KIM1 0 #CG4 ,RETIRE;T DOES N M1N N "W+4 ,6MY WIFE & ME1 X M1NS T B>R+ UN=ESE5 CATACLYSMIC *ANGES1 WE C "W OR N "W1 & \R W1L? GR[S AUTOMATIC,Y1 /AY+ WAY AH1D ( 9FL,N4 ,I GUESS X M1NS FREEDOM4 ,! ASSETS >E L>GE 5 6GR[ 0!MVS4 ,X'S L PLANT+ A TREE4 ,Y WAT] X = YE>S & !N "O "D X DOESN'T NE$ Y ANYMORE4 ,X'S ROOTS H G"O D[N DEEP 5\<4 ,!N1 ! TREE PROVIDES %ADE = YR 5JOY;T4 ,MIKE *OSE 6RUN ! EMPIRE & ,I *OSE 6RETIRE4 ,:5"E ,I SP1K 6GR\PS ( P1 !Y (T5 ASK :AT ,I WD RECOMM5D OR :AT CD !Y D8 8,H[ D !Y GET />T$80 8,IS "! A GD BOOK ,I WD RECOMM5D80 8,:AT %D !Y D 6PREP>E _! *N80 ,8,:AT IS ! SECRET 6SU3ESS80 8,H[ D ,I MAKE MILLIONS80 ,I AM ALW REM9D$ ( ? >TICLE ,I 0 ONCE GIV54 ,X GOES Z FOLL[S4 ,,! ,,RI*E/ ,,BUSI;SM5 ,9 #AIBC A GR\P ( \R GRTE/ L1D]S & RI*E/ BUSI;SM5 HELD A MEET+ AT ! ,$GEWAT] ,B1* HOTEL 9 ,*ICAGO4 ,AM;G !M 7 ,*>LES ,S*WAB1 H1D (! L>GE/ 9DEP5D5T /EEL -PANY2 ,SAMUEL ,9SULL1 PRESID5T (! _W'S L>GE/ UTIL;Y2 ,H[>D ,HOPSON1 H1D (! L>GE/ GAS -PANY2 ,IV> ,KREUG] PRESID5T ( ! ,9T]N,NAL ,MAT* ,CO41 "O (! _W'S L>GE/ -PANIES AT T "T2 ,LEON ,FRAZI]1 PRESID5T (! ,BANK ( ,9T]N,NAL ,SETTLE;TS2 ,RI*>D ,:ITNEY1 PRESID5T (! ,NEW ,YORK ,/OCK ,EX*ANGE2 ,>?UR ,COTTON & ,JESSE ,LIV]MORE1 TWO (! BI7E/ /OCK SPECULATORS2 & ,ALB]T ,FALL1 A MEMB] ( ,PRESID5T ,H>D+'S CAB9ET4 ,TW5TY FIVE YE>S LAT] N9E ( !M 7^? LI/$ ABV7 5D$ Z FOLL[S4 ,S*WAB DI$ P5NI.S AF LIV+ = FIVE YE>S ON BORR[$ M"OY4 ,9SULL DI$ BROKE LIV+ 9 A =EIGN L&4 ,KREUG] & ,COTTON AL DI$ BROKE4 ,HOPSON W5T 9SANE4 ,:ITNEY & ,ALB]T ,FALL 7 J REL1S$ F PRISON4 ,FRAS] & ,LIV]MORE -MITT$ SUICIDE4 ,I D\BT IF ANY"O C SAY :AT RE,Y HAPP5$ 6^! M54 ,IF Y LOOK AT ! DATE1 #AIBC1 X 0 J 2F ! #AIBI M>KET CRA% &! ,GRT ,DEPRES.N1 : ,I SUSPECT _H A GRT IMPACT ON ^! M5 & _! LIVES4 ,! PO9T IS ?3 ,TD WE LIVE 9 "TS ( GRT] & FA/] *ANGE ?AN ^! M5 DID4 ,I SUSPECT "! W 2 _M BOOMS & BU/S 9 ! NEXT #BE YE>S T W P>ALLEL ! UPS & D[NS ^! M5 FAC$4 ,I AM 3C]N$ T TOO _M P >E FOCUS$ TOO M* ON M"OY & N _! GRTE/ W1L?1 : IS _! $UC,N4 ,IF P >E PREP>$ 6BE FLEXI#1 KEEP AN OP5 M9D & LE>N1 !Y W GR[ RI*] & RI*] "? ! *ANGES4 ,IF !Y ?9K M"OY W SOLVE PRO#MS1 ,I AM AFRAID ^? P W H A R\< RIDE4 ,9TELLIG;E SOLVES PRO#MS & PRODUCES M"OY4 ,M"OY )\T F9ANCIAL 9TELLIG;E IS M"OY SOON G"O4 ,MO/ P FAIL 6R1LIZE T 9 LIFE1 X'S N H[ M* M"OY Y MAKE1 X'S H[ M* M"OY Y KEEP4 ,WE H ALL HE>D /ORIES ( LOTT]Y W9N]S :O >E POOR1 !N SU45LY RI*1 !N POOR AG4 ,!Y W9 MILLIONS & >E SOON BACK 6": !Y />T$4 ,OR /ORIES ( PROFES.NAL A?LETES1 :O1 AT ! AGE ( #BD1 >E E>N+ MILLIONS ( DOLL>S A YE>1 & >E SLEEP+ "U A BRIDGE 0AGE #CD4 ,9 ! PAP] ? MORN+1 Z ,I WRITE ?1 "! IS A /ORY (A "Y BASKETBALL PLAY] :O A YE> AGO _H MILLIONS4 ,TD1 HE CLAIMS 8 FRS1 ATTORNEY & A3.TANT TOOK 8 M"OY1 & N[ HE "WS AT A C> WA% = M9IMUM WAGE4 ,HE IS ONLY #BI4 ,HE 0 FIR$ F ! C> WA% 2C HE REFUS$ 6TAKE (F 8 *AMPION%IP R+ Z HE 0 WIP+ (F ! C>S1 S 8 /ORY MADE ! NEWSPAP]4 ,HE IS APP1L+ 8 T]M9,N1 CLAIM+ H>D%IP & 4CRIM9,N & T ! R+ IS ALL HE HAS LEFT4 ,HE CLAIMS T IF Y TAKE T AWAY1 HE'LL CRUM#4 ,9 #AIIG1 ,I "K S _M P :O >E 2COM+ 9/ANT MILLIONAIRES4 ,X'S ! ,RO>+ #'BJ'S "O M "T4 ,& :ILE ,I AM GLAD P H BE5 GETT+ RI*] & RI*]1 ,I ONLY CAU;N T 9 ! L;G RUN1 X'S N H[ M* Y MAKE1 X'S H[ M* Y KEEP1 & H[ _M G5],NS Y KEEP X4 ,S :5 P ASK1 8,": D ,I GET />T$80 OR 8,TELL ME H[ 6GET RI* QK10 !Y (T5 >E GRTLY 4APPO9T$ ) MY ANSW]4 ,I SIMPLY SAY 6!M :AT MY RI* DAD SD BACK 6ME :5 ,I 0 A LL KID4 8,IF Y WANT 6BE RI*1 Y NE$ 6BE F9ANCI,Y LIT]ATE40 ,T IDEA 0 DRUMM$ 96MY H1D E "T WE 7 TGR4 ,Z ,I SD1 MY $UCAT$ DAD /RESS$ ! IMPORT.E ( R1D+ BOOKS1 :ILE MY RI* DAD /RESS$ ! NE$ 6MA/] F9ANCIAL LIT]ACY4 ,IF Y >E GO+ 6BUILD ! ,EMPIRE ,/ATE ,BUILD+1 ! F/ ?+ Y NE$ 6D IS DIG A DEEP HOLE & P\R A /R;G F.D,N4 ,IF Y >E GO+ 6BUILD A HOME 9 ! SUBURBS1 ALL Y NE$ 6D IS P\R A #F-9* SLAB ( 3CRETE4 ,MO/ P1 9 _! DRIVE 6GET RI*1 >E TRY+ 6BUILD AN ,EMPIRE ,/ATE ,BUILD+ ON A #F-9* SLAB4 ,\R S*OOL SY/EM1 HAV+ BE5 CR1T$ 9 ! ,AGR>IAN ,AGE1 / 2LIEVES 9 HOMES ) NO F.D,N4 ,DIRT FLOORS >E / ! RAGE4 ,S KIDS GRADUATE F S*OOL ) VIRTU,Y NO F9ANCIAL F.D,N4 ,"O "D1 SLEEP.S & DEEP 9 DEBT 9 SUBURBIA1 LIV+ ! ,AM]ICAN ,DR1M1 !Y DECIDE T ! ANSW] 6_! F9ANCIAL PRO#MS IS 6F9D A WAY 6GET RI* QK4 ,3/RUC;N ON ! SKYSCRAP] 2G9S4 ,X GOES UP QKLY1 & SOON1 9/1D (! ,EMPIRE ,/ATE ,BUILD+1 WE H ! ,L1N+ ,T[] ( ,SUBURBIA4 ,! SLEEP.S NIS1 BO? ( \R *OICES 7 POSSI# 2C WE 7 TAUS HE ONLY DREW PICTURES & US$ ^WS4 ,MIKE & ,I "U/OOD ! SIMPLE DRAW+S1 ! J>GON1 ! MOVE;T ( M"OY1 & !N 9 LAT] YE>S1 RI* DAD 2GAN A4+ NUMB]S4 ,TD1 ,MIKE HAS G"O ON 6MA/] M* M -PLEX & SOPHI/ICAT$ A3.T+ ANALYSIS 2C HE HAS _H TO4 ,HE HAS A BILLION-DOLL> EMPIRE 6RUN4 ,I AM N Z SOPHI/ICAT$ 2C MY EMPIRE IS SMALL]1 YET WE -E F ! SAME SIMPLE F.D,N4 ,9 ! FOLL[+ PAGES1 ,I (F] 6Y ! SAME SIMPLE L9E DRAW+S ,MIKE'S DAD CR1T$ = U4 ,?\< SIMPLE1 ^? DRAW+S HELP$ GUIDE TWO LL BOYS 9 BUILD+ GRT SUMS ( W1L? ON A SOLID & DEEP F.D,N4 ,RULE ,"O4 ,Y M/ "K ! DI6];E 2T AN ASSET &A LIABIL;Y1 & BUY ASSETS4 ,IF Y WANT 6BE RI*1 ? IS ALL Y NE$ 6"K4 ,X IS ,RULE ,NO4 #A4 ,X IS ! ONLY RULE4 ,? MAY S.D ABSURDLY SIMPLE1 B MO/ P H NO IDEA H[ PROF.D ? RULE IS4 ,MO/ P /RU7LE F9ANCI,Y 2C !Y D N "K ! DI6];E 2T AN ASSET &A LIABIL;Y4 8,RI* P ACQUIRE ASSETS4 ,! POOR & MI4LE CLASS ACQUIRE LIABILITIES1 B !Y ?9K !Y >E ASSETS0 ,:5 RI* DAD EXPLA9$ ? 6,MIKE & ME1 WE ?"\ HE 0 KI4+4 ,"H WE W]E1 NE>LY TE5AG]S & WAIT+ =! SECRET 6GETT+ RI*1 & ? 0 8 ANSW]4 ,X 0 S SIMPLE T WE _H 6/OP =A L;G "T 6?9K AB X4 8,:AT IS AN ASSET80 ASK$ ,MIKE4 8,DON'T WORRY "R N[10 SD RI* DAD4 8,J LET ! IDEA S9K IN4 ,IF Y C -PREH5D ! SIMPLIC;Y1 YR LIFE W H A PLAN & 2 F9ANCI,Y EASY4 ,X IS SIMPLE2 T IS :Y ! IDEA IS MISS$40 8,Y M1N ALL WE NE$ 6"K IS :AT AN ASSET IS1 ACQUIRE !M & WE'LL 2 RI*80 ,I ASK$4 ,RI* DAD NO4$ 8 H1D4 8,X'S T SIMPLE40 8,IF X'S T SIMPLE1 H[ -E "EY"O IS N RI*80 ,I ASK$4 ,RI* DAD SMIL$4 8,2C P D N "K ! DI6];E 2T AN ASSET &A LIABIL;Y40 ,I REMEMB] ASK+1 8,H[ CD ADULTS 2 S SILLY4 ,IF X IS T SIMPLE1 IF X IS T IMPORTANT1 :Y WD "EY"O N WANT 6F9D \80 ,X TOOK \R RI* DAD ONLY A FEW M9UTES 6EXPLA9 :AT ASSETS & LIABILITIES W]E4 ,Z AN ADULT1 ,I H DI6ICULTY EXPLA9+ X 6O!R ADULTS4 ,:Y8 ,2C ADULTS >E SM>T]4 ,9 MO/ CASES1 ! SIMPLIC;Y (! IDEA ESCAPES MO/ ADULTS 2C !Y H BE5 $UCAT$ DI6]5TLY4 ,!Y H BE5 $UCAT$ 0O!R $UCAT$ PROFES.NALS1 S* Z BANK]S1 A3.TANTS1 R1L E/ATE AG5TS1 F9ANCIAL PLANN]S1 & S =?4 ,! DI6ICULTY -ES 9 ASK+ ADULTS 6UNLE>N1 OR 2COME *N AG4 ,AN 9TELLIG5T ADULT (T5 FEELS X IS DEM1N+ 6PAY ATT5;N 6SIMPLI/IC DEF9I;NS4 ,RI* DAD 2LIEV$ 9 ! ,,KISS PR9CIPLE- 8,KEEP ,X ,SIMPLE ,/UPID0-S HE KEPT X SIMPLE = TWO "Y BOYS1 & T MADE ! F9ANCIAL F.D,N /R;G4 ,S :AT CAUSES ! 3FU.N8 ,OR H[ CD "S?+ S SIMPLE 2 S SCREW$ UP8 ,:Y WD "S"O BUY AN ASSET T 0 RE,Y A LIABIL;Y4 ,! ANSW] IS F.D 9 BASIC $UC,N4 ,WE FOCUS ON ! ^W 8LIT]ACY0 & N 8F9ANCIAL LIT]ACY40 ,:AT DEF9ES "S?+ 6BE AN ASSET1 OR "S?+ 6BE A LIABIL;Y >E N ^WS4 ,9 FACT1 IF Y RE,Y WANT 6BE 3FUS$1 LOOK UP ! ^WS 8ASSET0 & 8LIABIL;Y0 9 ! DIC;N>Y4 ,I "K ! DEF9I;N MAY S.D GD 6A TRA9$ A3.TANT1 B =! AV]AGE P]SON X MAKES NO S5SE4 ,B WE ADULTS >E (T5 TOO PR\D 6ADMIT T "S?+ DOES N MAKE S5SE4 ,Z "Y BOYS1 RI* DAD SD1 8,:AT DEF9ES AN ASSET IS N ^WS B NUMB]S4 ,& IF Y _C R1D ! NUMB]S1 Y _C TELL AN ASSET F A HOLE 9 ! GR.D40 8,IN A3.T+10 RI* DAD WD SAY1 8X'S N ! NUMB]S1 B :AT ! NUMB]S >E TELL+ Y4 ,X'S J L ^WS4 ,X'S N ! ^WS1 B ! /ORY ! ^WS >E TELL+ Y4 ,_M P R1D1 B D N "U/& M*4 ,X'S CALL$ R1D+ -PREH5.N4 ,& WE ALL H DI6]5T ABILITIES :5 X -ES 6R1D+ -PREH5.N4 ,= EXAMPLE1 ,I REC5TLY B"\ A NEW ,,VCR4 ,X CAME ) AN 9/RUC;N BOOK T EXPLA9$ H[ 6PROGRAM ! ,,VCR4 ,ALL ,I WANT$ 6D 0 RECORD MY FAVORITE ,,TV %[ ON ,FRI"D NILY W5T CRAZY TRY+ 6R1D ! MANUAL4 ,NO?+ 9 MY _W IS M -PLEX ?AN LE>N+ H[ 6PROGRAM MY ,,VCR4 ,I CD R1D ! ^WS1 B ,I "U/OOD NO?+4 ,I GET AN ;,A = RECOGNIZ+ ! ^WS4 ,I GET AN ;,F = -PREH5.N4 ,& S X IS ) F9ANCIAL /ATE;TS = MO/ P4 8,IF Y WANT 6BE RI*1 Y'VE GOT 6R1D & "U/& NUMB]S40 ,IF ,I HE>D T ONCE1 ,I HE>D X A ?\S& "TS F MY RI* DAD4 ,& ,I AL HE>D1 8,! RI* ACQUIRE ASSETS &! POOR & MI4LE CLASS ACQUIRE LIABILITIES40 ,"H IS H[ 6TELL ! DI6];E 2T AN ASSET & A LIABIL;Y4 ,MO/ A3.TANTS & F9ANCIAL PROFES.NALS D N AGREE )! DEF9I;NS1 B ^! SIMPLE DRAW+S 7 ! />T ( /R;G F9ANCIAL F.D,NS = TWO "Y BOYS4 ,6T1* PRE-TE5 BOYS1 RI* DAD KEPT "EY?+ SIMPLE1 US+ Z _M PICTURES Z POSSI#1 Z FEW ^WS Z POSSI#1 & NO NUMB]S = YE>S4 ,7,,SCANN]'S ,,NOTE3 ,,REMOV$ ,,GRAPHIC7' 8,? IS ! ,CA% ,FL[ PATT]N ( AN ASSET40 ,! ABV BOX IS AN ,9COME ,/ATE;T1 (T5 CALL$ A ,PR(IT & ,LOSS ,/ATE;T4 ,X M1SURES 9COME & EXP5SES4 ,M"OY 9 OR M"OY \1 ,! BOTTOM DIAGRAM IS ! ,BAL.E ,%EET4 ,X IS CALL$ T 2C X IS SUPPOS$ 6BAL.E ASSETS AG/ LIABILITIES4 ,_M F9ANCIAL NOVICES D N "K ! REL,N%IP 2T ! ,9COME ,/ATE;T &! ,BAL.E ,%EET4 ,T REL,N%IP IS VITAL 6"U/&4 ,! PRIM>Y CAUSE ( F9ANCIAL /RU7LE IS SIMPLY N "K+ ! DI6];E 2T AN ASSET &A LIABIL;Y4 ,! CAUSE (! 3FU.N IS F.D 9 ! DEF9I;N (! TWO ^WS4 ,IF Y WANT A LESSON 9 3FU.N1 SIMPLY LOOK UP ! ^WS 8ASSET0 & 8LIABIL;Y0 9 ! DIC;N>Y4 ,N[ X MAY MAKE S5SE 6TRA9$ A3.TANTS1 B 6! AV]AGE P]SON1 X MAY Z WELL 2 WRITT5 9 ,M&>94 ,Y R1D ! ^WS 9 ! DEF9I;N1 B TRUE -PREH5.N IS DI6ICULT4 ,S Z ,I SD E>LI]1 MY RI* DAD SIMPLY TOLD TWO "Y BOYS T 8ASSETS PUT M"OY 9 YR POCKET40 ,NICE1 SIMPLE & USA#4 ,7,,SCANN]'S ,,NOTE3 ,,GRAPHIC ,,REMOV$7' 8,? IS ,CA% ,FL[ PATT]N (A LIABIL;Y40 ,N[ T ASSETS & LIABILITIES H BE5 DEF9$ "? PICTURES1 X MAY 2 EASI] 6"U/& MY DEF9I;NS 9 ^WS4 ,AN ASSET IS "S?+ T PUTS M"OY 9 MY POCKET4 ,A LIABIL;Y IS "S?+ T TAKES M"OY \ ( MY POCKET4 ,? IS RE,Y ALL Y NE$ 6"K4 ,IF Y WANT 6BE RI*1 SIMPLY SP5D YR LIFE BUY+ ASSETS4 ,IF Y WANT 6BE POOR OR MI4LE CLASS1 SP5D YR LIFE BUY+ LIABILITIES4 ,X'S N "K+ ! DI6];E T CAUSES MO/ (! F9ANCIAL /RU7LE 9 ! R1L _W4 ,ILLIT]ACY1 BO? 9 ^WS & NUMB]S1 IS ! F.D,N ( F9ANCIAL /RU7LE4 ,IF P >E HAV+ DI6ICULTIES F9ANCI,Y1 "! IS "S?+ T !Y _C R1D1 EI 9 NUMB]S OR ^WS4 ,"S?+ IS MIS"U/OOD4 ,! RI* >E RI* 2C !Y >E M LIT]ATE 9 DI6]5T >1S ?AN P :O /RU7LE F9ANCI,Y4 ,S IF Y WANT 6BE RI* & MA9TA9 YR W1L?1 X'S IMPORTANT 6BE F9ANCI,Y LIT]ATE1 9 ^WS Z WELL Z NUMB]S4 ,! >R[S 9 ! DIAGRAMS REPRES5T ! FL[ ( CA%1 OR 8CA% FL[40 ,NUMB]S AL"O RE,Y M1N LL4 ,J Z ^WS AL"O M1N LL4 ,X'S ! /ORY T C.TS4 ,9 F9ANCIAL REPORT+1 R1D+ NUMB]S IS LOOK+ =! PLOT1 ! /ORY4 ,! /ORY ( ": ! CA% IS FL[+4 ,9 #HJ P]C5T ( MO/ FAMILIES1 ! F9ANCIAL /ORY IS A /ORY ( "W+ H>D 9 AN EF=T 6GET AH1D4 ,N 2C !Y DON'T MAKE M"OY4 ,B 2C !Y SP5D _! LIVES BUY+ LIABILITIES 9/1D ( ASSETS4 ,7,,SCANN]'S ,,NOTE3 ,,REMOV$ ,,GRAPHIC7' ,= 9/.E1 ? IS ! CA%-FL[ PATT]N (A POOR P]SON1 OR A "Y P]SON / AT HOME3 ,7,,SCANN]'S ,,NOTE3 ,,GRAPHIC ,,REMOV$7' ,? IS ! CA%-FL[ PATT]N (A P]SON 9 ! MI4LE CLASS3 ,7,,SCANN]'S ,,NOTE3 ,,REMOV$ ,,GRAPHIC7' ,? IS ! CA%-FL[ PATT]N (A W1L?Y P]SON3 ,ALL ( ^! DIAGRAMS 7 OBVI\SLY OV]SIMPLIFI$4 ,"EY"O HAS LIV+ EXP5SES1 ! NE$ = FOOD1 %ELT] & CLO?+4 ,! DIAGRAMS %[ ! FL[ ( CA% "? A POOR1 MI4LE-CLASS OR W1L?Y P]SON'S LIFE4 ,X IS ! CA% FL[ T TELLS ! /ORY4 ,X IS ! /ORY ( H[ A P]SON H&LES _! M"OY1 :AT !Y D AF !Y GET ! M"OY 9 _! H&4 ,! R1SON ,I />T$ )! /ORY (! RI*E/ M5 9 ,AM]ICA IS 6ILLU/RATE ! FLAW 9 ! ?9K+ ( S _M P4 ,! FLAW IS T M"OY W SOLVE ALL PRO#MS4 ,T IS :Y ,I CR+E :5"E ,I HE> P ASK ME H[ 6GET RI* QK]4 ,OR ": D !Y />T8 ,I (T5 HE>1 8,I'M 9 DEBT S ,I NE$ 6MAKE M M"OY4 ,B M M"OY W (T5 N SOLVE ! PRO#M2 9 FACT1 X MAY ACTU,Y A3EL]ATE ! PRO#M4 ,M"OY (T5 MAKES OBVI\S \R TRAGIC HUMAN FLAWS4 ,M"OY (T5 PUTS A SPOTLIN 6MAKE M"OY ) \R PROFES.NAL SKILLS4 ,9 ! #AIFJ'S1 :5 ,I 0 9 HI< S*OOL1 IF "S"O DID WELL 9 S*OOL ACADEMIC,Y1 ALM IMMLY P ASSUM$ ? B"R /UD5T WD G ON 6BE A M$ICAL DOCTOR4 ,(T5 NO "O ASK$ ! * IF !Y WANT$ 6BE A DOCTOR4 ,X 0 ASSUM$4 ,X 0 ! PROFES.N )! PROMISE (! GRTE/ F9ANCIAL REW>D4 ,TD1 DOCTORS >E FAC+ F9ANCIAL *ALL5GES ,I WD N WI% ON MY WOR/ 5EMY3 9SUR.E -PANIES TAK+ 3TROL (! BUSI;S1 MANAG$ H1L? C>E1 GOV]N;T 9T]V5;N1 & MALPRACTICE SUITS1 6"N A FEW4 ,TD1 KIDS WANT 6BE BASKETBALL />S1 GOLF]S L ,TIG] ,WOODS1 -PUT]1 N]DS1 MOVIE />S1 ROCK />S1 B1UTY QUE5S1 OR TRAD]S ON ,WALL ,/REET4 ,SIMPLY 2C T IS ": ! FAME1 M"OY & PRE/IGE IS4 ,T IS ! R1SON X IS S H>D 6MOTIVATE KIDS 9 S*OOL TD4 ,!Y "K T PROFES.NAL SU3ESS IS NO L;G] SOLELY L9K$ 6ACADEMIC SU3ESS1 Z X ONCE WAS4 ,2C /UD5TS L1VE S*OOL )\T F9ANCIAL SKILLS1 MILLIONS ( $UCAT$ P PURSUE _! PROFES.N SU3ESS;LLY1 B LAT] F9D !MVS /RU7L+ F9ANCI,Y4 ,!Y "W H>D]1 B DON'T GET AH1D4 ,:AT IS MISS+ F _! $UC,N IS N H[ 6MAKE M"OY1 B H[ 6SP5D M"OY-:AT 6D AF Y MAKE X4 ,X'S CALL$ F9ANCIAL APTITUDE- :AT Y D )! M"OY ONCE Y MAKE X1 H[ 6KEEP P F TAK+ X F Y1 H[ L;G Y KEEP X1 & H[ H>D T M"OY "WS = Y4 ,MO/ P _C TELL :Y !Y /RU7LE F9ANCI,Y 2C !Y DON'T "U/& CA% FL[4 ,A P]SON C 2 HID] ?AN !Y NE$ 62C !Y LE>N$ H[ 6"W H>D1 B N H[ 6H _! M"OY "W = !M4 ,! /ORY ( H[ ! QUE/ =A ,F9ANCIAL ,DR1M TURNS 96A F9ANCIAL NIE ,! MOV+-PICTURE %[ ( H>D-"W+ P HAS A SET PATT]N4 ,REC5TLY M>RI$1 ! HAPPY1 HIE SAV+ M"OY 2C TWO C LIVE Z *1PLY Z "O4 ,! PRO#M IS1 ! A"P;T IS CRAMP$4 ,!Y DECIDE 6SAVE M"OY 6BUY _! DR1M HOME S !Y C H KIDS4 ,!Y N[ H TWO 9COMES1 & !Y 2G9 6FOCUS ON _! C>E]S4 ,_! 9COMES 2G9 69CR1SE4 ,Z _! 9COMES G UP ''' ,! ,NO4 #A EXP5SE = MO/ P IS TAXES4 ,_M P ?9K X'S 9COME TAX1 B = MO/ ,AM]ICANS _! HIS Z IF ! ,SOCIAL ,SECUR;Y TAX -B9$ )! ,M$IC>E TAX RATE IS R\1 NEW FURNITURE & NEW APPLI.ES 6MAT* _! NEW H\SE4 ,ALL (A SU451 !Y WAKE UP & _! LIABILITIES COLUMN IS FULL ( MORTGAGE DEBT & CR$IT-C>D DEBT4 ,!Y'RE N[ TRAPP$ 9 ! RAT RACE4 ,A * -ES AL;G4 ,!Y "W H>D]4 ,! PROCESS REP1TS XF4 ,M M"OY & HI<] TAXES1 AL CALL$ BRACKET CREEP4 ,A CR$IT C>D -ES 9 ! MAIL4 ,!Y USE X4 ,X MAXES \4 ,A LOAN -PANY CALLS & SAYS _! GRTE/ 8ASSET10 _! HOME1 HAS APPRECIAT$ 9 VALUE4 ,! -PANY (F]S A 8BILL 3SOLID,N0 LOAN1 2C _! CR$IT IS S GD1 & TELLS !M ! 9TELLIG5T ?+ 6D IS CLE> (F ! HI<-9T]E/ 3SUM] DEBT 0PAY+ (F _! CR$IT C>D4 ,& 2SS1 9T]E/ ON _! HOME IS A TAX DEDUC;N4 ,!Y G = X1 & PAY (F ^? HI<-9T]E/ CR$IT C>DS4 ,!Y BR1! A SI< ( RELIEF4 ,_! CR$IT C>DS >E PD (F4 ,!Y'VE N[ FOLD$ _! 3SUM] DEBT 96_! HOME MORTGAGE4 ,_! PAY;TS G D[N 2C !Y EXT5D _! DEBT OV] #CJ YE>S4 ,X IS ! SM>T ?+ 6D4 ,_! NEID 9SIDE _! WALLET4 ,I RUN 96? "Y C\PLE ALL ! "T4 ,_! "NS *ANGE1 B _! F9ANCIAL DILEMMA IS ! SAME4 ,!Y -E 6"O ( MY TALKS 6HE> :AT ,I H 6SAY4 ,!Y ASK ME1 8,C Y TELL U H[ 6MAKE M M"OY80 ,_! SP5D+ HABITS H CAUS$ !M 6SEEK M 9COME4 ,!Y DON'T EV5 "K T ! TR\# IS RE,Y H[ !Y *OOSE 6SP5D ! M"OY !Y D H1 & T IS ! R1L CAUSE ( _! F9ANCIAL /RU7LE4 ,X IS CAUS$ 0F9ANCIAL ILLIT]ACY & N "U/&+ ! DI6];E 2T AN ASSET &A LIABIL;Y4 ,M M"OY SELDOM SOLVES "S"O'S M"OY PRO#MS4 ,9TELLIG;E SOLVES PRO#MS4 ,"! IS A SAY+ A FR ( M9E SAYS OV] & OV] 6P 9 DEBT4 8,IF Y F9D YRF 9 A HOLE ''' /OP DI7+40 ,Z A *1 MY DAD (T5 TOLD U T ! ,JAPANESE 7 AW>E ( ?REE P[]S3 8,! P[] (! SWORD1 ! JEWEL &! MIRROR40 ,! SWORD SYMBOLIZES ! P[] ( W1PONS4 ,AM]ICA HAS SP5T TRILLIONS ( DOLL>S ON W1PONS &1 2C ( ?1 IS ! SUPREME MILIT>Y PRES;E 9 ! _W4 ,! JEWEL SYMBOLIZES ! P[] ( M"OY4 ,"! IS "S DEGREE ( TRU? 6! SAY+1 8,REMEMB] ! GOLD5 RULE4 ,HE :O HAS ! GOLD MAKES ! RULES40 ,! MIRROR SYMBOLIZES ! P[] ( SELF-K4 ,? SELF-K1 AC 6,JAPANESE LEG5D1 0 ! MO/ TR1SUR$ (! ?REE4 ,! POOR & MI4LE CLASS ALL TOO (T5 ALL[ ! P[] ( M"OY 63TROL !M4 ,0SIMPLY GETT+ UP & "W+ H>D]1 FAIL+ 6ASK !MVS IF :AT !Y D MAKES S5SE1 !Y %OOT !MVS 9 ! FOOT Z !Y L1VE = "W E MORN+4 ,0N FULLY "U/&+ M"OY1 ! VA/ MAJOR;Y ( P ALL[ ! AWE"S P[] ( M"OY 63TROL !M4 ,! P[] ( M"OY IS US$ AG/ !M4 ,IF !Y US$ ! P[] (! MIRROR1 !Y WD H ASK$ !MVS1 8,DOES ? MAKE S5SE80 ,ALL TOO (T51 9/1D ( TRU/+ _! 9N] WISDOM1 T G5IUS 9SIDE ( !M1 MO/ P G AL;G )! CR[D4 ,!Y D ?+S 2C "EYBODY ELSE DOES X4 ,!Y 3=M R ?AN "Q4 ,(T51 !Y M9D.SLY REP1T :AT !Y H BE5 TOLD4 ,ID1S S* Z 8DIV]SIFY0 OR 8YR HOME IS AN ASSET40 8,YR HOME IS YR BI7E/ 9VE/;T40 8,Y GET A TAX BR1K = GO+ 96GRT] DEBT40 8,GET A SAFE JOB40 8,DON'T MAKE MISTAKES40 8,DON'T TAKE RISKS40 ,X IS SD T ! FE> ( PUBLIC SP1K+ IS A FE> GRT] ?AN D1? = MO/ P4 ,AC 6PSY*IATRI/S1 ! FE> ( PUBLIC SP1K+ IS CAUS$ 0! FE> ( O/RACISM1 ! FE> ( /&+ \1 ! FE> ( CRITICISM1 ! FE> ( RIDICULE1 ! FE> ( 2+ AN \TCA/4 ,! FE> ( 2+ DI6]5T PREV5TS MO/ P F SEEK+ NEW WAYS 6SOLVE _! PRO#MS4 ;,S ,T IS :Y MY $UCAT$ DAD SD ! ,JAPANESE VALU$ ! P[] (! MIRROR ! MO/1 = X IS ONLY :5 WE Z HUMANS LOOK 96! MIRROR D WE F9D TRU?4 ,&! MA9 R1SON T MO/ P SAY 8,PLAY X SAFE0 IS \ ( FE>4 ,T GOES = ANY?+1 2 X SPORTS1 REL,N%IPS1 C>E]1 M"OY4 ,X IS T SAME FE>1 ! FE> ( O/RACISM T CAUSES P 63=M & N "Q -MONLY A3EPT$ OP9IONS OR POPUL> TR5DS4 8,YR HOME IS AN ASSET40 8,GET A BILL 3SOLID,N LOAN & GET \ ( DEBT40 8,"W H>D]40 8,X'S A PROMO;N40 8,"S"D ,I'LL 2 A VICE PRESID5T40 8,SAVE M"OY40 8,:5 ,I GET A RAISE1 ,I'LL BUY U A BI7] H\SE40 8,MUTUAL FUNDS >E SAFE40 8,TICKLE ,ME ,ELMO DOLLS >E \ ( /OCK1 B ,I J HAPP5 6H "O 9 BACK T ANO!R CU/OM] HAS N -E 0= YET40 ,_M GRT F9ANCIAL PRO#MS >E CAUS$ 0GO+ AL;G )! CR[D & TRY+ 6KEEP UP )! ,J"OSES4 ,O3A.N,Y1 WE ALL NE$ 6LOOK 9 ! MIRROR & 2 TRUE 6\R 9N] WISDOM R ?AN \R FE>S4 ,0! "T ,MIKE & ,I 7 #AF YE>S OLD1 WE 2GAN 6H PRO#MS 9 S*OOL4 ,WE 7 N BAD KIDS4 ,WE J 2GAN 6SEP>ATE F ! CR[D4 ,WE "W$ = ,MIKE'S DAD AF S*OOL & ON ! WEEK5DS4 ,MIKE & ,I (T5 SP5T H\RS AF "W J SITT+ AT A TA# ) 8 DAD :ILE HE HELD MEET+S ) 8 BANK]S1 ATTORNEYS1 A3.TANTS1 BROK]S1 9VE/ORS1 MANAG]S & EMPLOYEES4 ,"H 0 A MAN :O _H LEFT S*OOL AT ! AGE ( #AC1 N[ DIRECT+1 9/RUCT+1 ORD]+ & ASK+ "QS ( $UCAT$ P4 ,!Y CAME AT 8 BECK & CALL1 & CR+$ :5 HE DID N APPROVE ( !M4 ,"H 0 A MAN :O _H N G"O AL;G )! CR[D4 ,HE 0 A MAN :O DID 8 [N ?9K+ & DETE/$ ! ^WS1 8,WE H 6D X ? WAY 2C T'S ! WAY "EY"O ELSE DOES X40 ,HE AL HAT$ ! ^W 8C'T40 ,IF Y WANT$ HM 6D "S?+1 J SAY1 8,I DON'T ?9K Y C D X40 ,MIKE & ,I LE>N$ M SITT+ AT 8 MEET+S ?AN WE DID 9 ALL \R YE>S ( S*OOL1 COLLEGE 9CLUD$4 ,MIKE'S DAD 0 N S*OOL $UCAT$1 B HE 0 F9ANCI,Y $UCAT$ & SU3ESS;L Z A RESULT4 ,HE USE 6TELL U OV] & OV] AG4 8,AN 9TELLIG5T P]SON HIRES P :O >E M 9TELLIG5T ?AN !Y >E40 ,S ,MIKE & ,I _H ! B5EFIT ( SP5D+ H\RS LI/5+ 6&1 9 ! PROCESS1 LE>N+ F 9TELLIG5T P4 ,B 2C ( ?1 BO? ,MIKE & ,I J CD N G AL;G )! /&>D DOGMA T \R T1*]S PR1*$4 ,& T CAUS$ ! PRO#MS4 ,:5"E ! T1*] SD1 8,IF Y DON'T GET GD GRADES1 Y WON'T D WELL 9 ! R1L _W10 ,MIKE & ,I J RAIS$ \R EYEBR[S4 ,:5 WE 7 TOLD 6FOLL[ SET PROC$URES & N DEVIATE F ! RULES1 WE CD SEE H[ ? S*OOL+ PROCESS ACTU,Y 4C\RAG$ CR1TIV;Y4 ,WE />T$ 6"U/& :Y \R RI* DAD TOLD U T S*OOLS 7 DESIGN$ 6PRODUCE GD EMPLOYEES 9/1D ( EMPLOY]S4 ,O3A.N,Y ,MIKE OR ,I WD ASK \R T1*]S H[ :AT WE /UDI$ 0 APPLICA#1 OR WE ASK$ :Y WE N"E /UDI$ M"OY & H[ X "W$4 ,6! LAT] "Q1 WE (T5 GOT ! ANSW] T M"OY 0 N IMPORTANT1 T IF WE EXCELL$ 9 \R $UC,N1 ! M"OY WD FELL[4 ,! M WE KNEW AB ! P[] ( M"OY1 ! M 4TANT WE GREW F ! T1*]S & \R CLASSMATES4 ,MY HIGUE AB M"OY4 ,0! "T ,I 0 #AF1 ,I PROBABLY _H A F> BETT] F.D,N ) M"OY ?AN BO? MY MOM & DAD4 ,I CD KEEP BOOKS1 ,I LI/5$ 6TAX A3.TANTS1 CORPORATE ATTORNEYS1 BANK]S1 R1L E/ATE BROK]S1 9VE/ORS & S =?4 ,MY DAD TALK$ 6T1*]S4 ,"O "D1 MY DAD 0 TELL+ ME :Y \R HOME 0 8 GRTE/ 9VE/;T4 ,A N-TOO-PL1SANT >GU;T TOOK PLACE :5 ,I %[$ HM :Y ,I ?"\ A H\SE 0 N A GD 9VE/;T4 ,! FOLL[+ DIAGRAM ILLU/RATES ! DI6];E 9 P]CEP;N 2T MY RI* DAD & MY POOR DAD :5 X CAME 6_! HOMES4 ,"O DAD ?"\ 8 H\SE 0 AN ASSET1 &! O!R DAD ?"\ X 0 A LIABIL;Y4 ,7,,SCANN]'S ,,NOTE3 ,,DELET$ ,,GRAPHIC7' ,7,,SCANN]'S ,,NOTE3 ,,GRAPHIC ,,DELET$7' ,I REMEMB] :5 ,I DREW ! FOLL[+ DIAGRAM = MY DAD %[+ HM ! DIREC;N ( CA% FL[4 ,I AL %[$ HM ! ANCILL>Y EXP5SES T W5T AL;G ) [N+ ! HOME4 ,A BI7] HOME M1NT BI7] EXP5SES1 &! CA% FL[ KEPT GO+ \ "? ! EXP5SE COLUMN4 ,7,,SCANN]'S ,,NOTE3 ,,GRAPHIC ,,DELET$7' ,TD1 ,I AM / *ALL5G$ ON ! IDEA (A H\SE N 2+ AN ASSET4 ,& ,I "K T = _M P1 X IS _! DR1M Z WELL Z _! L>GE/ 9VE/;T4 ,& [N+ YR [N HOME IS BETT] ?AN NO?+4 ,I SIMPLY (F] AN ALT]NATE WAY ( LOOK+ AT ? POPUL> DOGMA4 ,MY WIFE & ,I WD LOVE A BI7]1 M FLA%Y H\SE 6IMPRESS ! ,J"OSES4 ,B WE "K X IS N AN ASSET2 X IS A LIABIL;Y S9CE X TAKES M"OY \ ( \R POCKET4 ,S "H IS ! >GU;T ,I PUT =?4 ,I RE,Y D N EXPECT MO/ P 6AGREE ) X 2C A NICE HOME IS AN EMO;NAL ?+4 ,& :5 X -ES 6M"OY1 HI< EMO;NS T5D 6L[] F9ANCIAL 9TELLIG;E4 ,I "K F P]SONAL EXP]I;E T M"OY HAS A WAY ( MAK+ E DECI.N EMO;NAL4 #A4 ,:5 X -ES 6H\SES1 ,I PO9T \ T MO/ P "W ALL _! LIVES PAY+ =A HOME !Y N"E [N4 ,9 O!R ^WS1 MO/ P BUY A NEW H\SE E S _M YE>S1 EA* "T 9CURR+ A NEW #CJ-YE> LOAN 6PAY (F ! PREVI\S "O4 #B4 ,EV5 ?\< P RCV A TAX DEDUC;N = 9T]E/ ON MORTGAGE PAY;TS1 !Y PAY = ALL _! O!R EXP5SES ) AF-TAX DOLL>S4 ,EV5 AF !Y PAY (F _! MORTGAGE4 #C4 ,PROP]TY TAXES4 ,MY WIFE'S P>5TS 7 %OCK$ :5 ! PROP]TY TAXES ON _! HOME W5T 64#A1JJJ A MON?4 ,? 0 AF !Y _H RETIR$1 S ! 9CR1SE PUT A /RA9 ON _! RETIRE;T BUDGET1 & !Y FELT =C$ 6MOVE4 #D4 ,H\SES D N ALW G UP 9 VALUE4 ,9 #AIIG1 ,I / H FRS :O [E A MILLION DOLL>S =A HOME T W TD SELL = ONLY 4#GJJ1JJJ4 #E4 ,! GRTE/ LOSSES ( ALL >E ^? F MISS$ OPPORTUNITIES4 ,IF ALL YR M"OY IS TI$ UP 9 YR H\SE1 Y MAY 2 =C$ 6"W H>D] 2C YR M"OY 3T9UES BL[+ \ (! EXP5SE COLUMN1 9/1D ( A4+ 6! ASSET COLUMN1 ! CLASSIC MI4LE-CLASS CA%-FL[ PATT]N4 ,IF A "Y C\PLE WD PUT M M"OY 96_! ASSET COLUMN E>LY ON1 _! LAT] YE>S WD GET EASI]1 ESPECI,Y Z !Y PREP>$ 6S5D _! *N 6COLLEGE4 ,_! ASSETS WD H GR[N & WD 2 AVAILA# 6HELP COV] EXP5SES4 ,ALL TOO (T51 A H\SE ONLY S]VES Z A VEHICLE = 9CURR+ A HOME-EQU;Y LOAN 6PAY = M.T+ EXP5SES4 ,9 SUMM>Y1 ! 5D RESULT 9 MAK+ A DECI.N 6[N A H\SE T IS TOO EXP5SIVE 9 LIEU ( />T+ AN 9VE/;T PORTFOLIO E>LY ON IMPACTS AN 9DIVIDUAL 9 AT L1/ ! FOLL[+ ?REE WAYS3 #A4 ,LOSS ( "T1 DUR+ : O!R ASSETS CD H GR[N 9 VALUE4 #B4 ,LOSS ( A4I;NAL CAPITAL1 : CD H BE5 9VE/$ 9/1D ( PAY+ = HI<-MA9T5.E EXP5SES RELAT$ DIRECTLY 6! HOME4 #C4 ,LOSS ( $UC,N4 ,TOO (T51 P C.T _! H\SE1 SAV+S & RETIRE;T PLAN Z ALL !Y H 9 _! ASSET COLUMN4 ,2C !Y H NO M"OY 69VE/1 !Y SIMPLY D N 9VE/4 ,? CO/S !M 9VE/;T EXP]I;E4 ,MO/ N"E 2COME :AT ! 9VE/;T _W CALLS A 8SOPHI/ICAT$ 9VE/OR40 ,&! BE/ 9VE/;TS >E USU,Y F/ SOLD TO 8SOPHI/ICAT$ 9VE/ORS10 :O !N TURN >.D & SELL !M 6! P PLAY+ X SAFE4 ,MY $UCAT$ DAD'S P]SONAL F9ANCIAL /ATE;T BE/ DEMON/RATES ! LIFE ( "S"O 9 ! RAT RACE4 ,8 EXP5SES SEEM 6ALW KEEP UP ) 8 9COME N"E ALL[+ HM 69VE/ 9 ASSETS4 ,Z A RESULT1 8 LIABILITIES1 S* Z 8 MORTGAGE & CR$IT-C>D DEBTS >E L>G] ?AN 8 ASSETS4 ,! FOLL[+ PICTURE IS WOR? A ?\S& ^WS3 ,7,,SCANN]'S ,,NOTE3 ,,DELET$ ,,GRAPHIC7' ,MY RI* DAD'S P]SONAL F9ANCIAL /ATE;T1 ON ! O!R H&1 REFLECTS ! RESULTS (A LIFE D$ICAT$ 69VE/+ & M9IMIZ+ LIABILITIES3 ,7,,SCANN]'S ,,NOTE3 ,,DELET$ ,,GRAPHIC7' ,A REVIEW ( MY RI* DAD'S F9ANCIAL /ATE;T IS :Y ! RI* GET RI*]4 ,! ASSET COLUMN G5]ATES M ?AN 5 9COME 6COV] EXP5SES1 )! BAL.E RE9VE/$ 96! ASSET COLUMN4 ,! ASSET COLUMN 3T9UES 6GR[ &1 "!=E1 ! 9COME X PRODUCES GR[S ) X4 ,! RESULT 2+3 ,! RI* GET RI*]6 ,7,,SCANN]'S ,,NOTE3 ,,GRAPHIC ,,DELET$7' ,! MI4LE CLASS F9DS XF 9 A 3/ANT /ATE ( F9ANCIAL /RU7LE4 ,_! PRIM>Y 9COME IS "? WAGES1 & Z _! ,? PATT]N ( TR1T+ YR HOME Z AN 9VE/;T &! PHILOSOPHY T A PAY RAISE M1NS Y C BUY A L>G] HOME OR SP5D M IS ! F.D,N ( TD'S DEBT-RI45 SOCIETY4 ,? PROCESS ( 9CR1S$ SP5D+ ?R[S FAMILIES 96GRT] DEBT & 96M F9ANCIAL UNC]TA9TY1 EV5 ?\< !Y MAY 2 ADVANC+ 9 _! JOBS & RCVG PAY RAISES ON A REGUL> BASIS4 ,? IS HI< RISK LIV+ CAUS$ 0W1K F9ANCIAL $UC,N4 ,! MASSIVE LOSS ( JOBS 9 ! #AIIJ'S-! D[NSIZ+ ( BUSI;SES-HAS BR"\ 6LIE 2+ REPLAC$ 0#DJA;K PLANS4 ,SOCIAL ,SECUR;Y IS OBVI\SLY 9 TR\# & _C 2 LOOK$ AT Z A S\RCE = RETIRE;T4 ,PANIC HAS SET 9 =! MI4LE CLASS4 ,! GD ?+ TD IS T _M ( ^! P H RECOGNIZ$ ^! ISSUES & H 2GUN BUY+ MUTUAL FUNDS4 ,? 9CR1SE 9 9VE/+ IS L>GELY RESPONSI# =! HUGE R,Y WE H SE5 9 ! /OCK M>KET4 ,TD1 "! >E M & M MUTUAL FUNDS 2+ CR1T$ 6ANSW] ! DEM& 0! MI4LE CLASS4 ,MUTUAL FUNDS >E POPUL> 2C !Y REPRES5T SAFETY4 ,AV]AGE MUTUAL-FUND BUY]S >E TOO BUSY "W+ 6PAY TAXES & MORTGAGES1 SAVE = _! *N'S COLLEGE & PAY (F CR$IT C>DS4 ,!Y D N H "T 6/UDY 6LE>N H[ 69VE/1 S !Y RELY ON ! EXP]TISE (! MANAG] (A MUTUAL FUND4 ,AL1 2C ! MUTUAL FUND 9CLUDES _M DI6]5T TYPES ( 9VE/;TS1 !Y FEEL _! M"OY IS SAF] 2C X IS 8DIV]SIFI$40 ,? GR\P ( $UCAT$ MI4LE CLASS SUBSCRIBES 6! 8DIV]SIFY0 DOGMA PUT \ 0MUTUAL-FUND BROK]S & F9ANCIAL PLANN]S4 ,PLAY X SAFE4 ,AVOID RISK4 ,! R1L TRAG$Y IS T ! LACK ( E>LY F9ANCIAL $UC,N IS :AT CR1TES ! RISK FAC$ 0AV]AGE MI4LE-CLASS P4 ,! R1SON !Y H 6PLAY X SAFE IS 2C _! F9ANCIAL POSI;NS >E T5U\S AT BE/4 ,_! BAL.E %EETS >E N BAL.ED4 ,!Y >E LOAD$ ) LIABILITIES1 ) NO R1L ASSETS T G5]ATE 9COME4 ,TYPIC,Y1 _! ONLY S\RCE ( 9COME IS _! PAY*ECK4 ,_! LIVELIHOOD 2COMES 5TIRELY DEP5D5T ON _! EMPLOY]4 ,S :5 G5U9E 8D1LS (A LIFE"T0 -E AL;G1 ^? SAME P _C TAKE ADVANTAGE (! OPPORTUN;Y4 ,!Y M/ PLAY X SAFE1 SIMPLY 2C !Y >E "W+ S H>D1 >E TAX$ 6! MAX1 & >E LOAD$ ) DEBT4 ,Z ,I SD AT ! />T ( ? SEC;N1 ! MO/ IMPORTANT RULE IS 6"K ! DI6];E 2T AN ASSET &A LIABIL;Y4 ,ONCE Y "U/& ! DI6];E1 3C5TRATE YR EF=TS ON ONLY BUY+ 9COME-G5]AT+ ASSETS4 ,T'S ! BE/ WAY 6GET />T$ ON A PA? 62COM+ RI*4 ,KEEP DO+ T1 & YR ASSET COLUMN W GR[4 ,FOCUS ON KEEP+ LIABILITIES & EXP5SES D[N4 ,? W MAKE M M"OY AVAILA# 63T9UE P\R+ 96! ASSET COLUMN4 ,SOON1 ! ASSET BASE W 2 S DEEP T Y C AF=D 6LOOK AT M SPECULATIVE 9VE/;TS4 ,9VE/;TS T MAY H RETURNS ( #AJJ P]C5T 69F9;Y4 ,9VE/;TS T = 4#E1JJJ >E SOON TURN$ 964#A MILLION OR M4 ,9VE/;TS T ! MI4LE CLASS CALLS 8TOO RISKY40 ,! 9VE/;T IS N RISKY4 ,X'S ! LACK ( SIMPLE F9ANCIAL 9TELLIG;E1 2G9N+ ) F9ANCIAL LIT]ACY1 T CAUSES ! 9DIVIDUAL 6BE 8TOO RISKY40 ,7,,SCANN]'S ,,NOTE3 ,,REMOV$ ,,GRAPHIC72 ,IF Y D :AT ! MASSES D1 Y GET ! FOLL[+ PICTURE4 ,7,,SCANN]'S ,,NOTE3 ,,DELET$ ,,GRAPHIC7' ,Z AN EMPLOYEE :O IS AL A HOME[N]1 YR "W+ EF=TS >E G5],Y Z FOLL[S3 #A4 ,Y "W = "S"O ELSE4 ,MO/ P1 "W+ =A PAY*ECK1 >E MAK+ ! [N]1 OR ! %>EHOLD]S RI*]4 ,YR EF=TS & SU3ESS W HELP PROVIDE =! [N]'S SU3ESS & RETIRE;T4 #B4 ,Y "W =! GOV]N;T4 ,! GOV]N;T TAKES XS %>E F YR PAY*ECK 2F Y EV5 SEE X4 ,0"W+ H>D]1 Y SIMPLY 9CR1SE ! AM.T ( TAXES TAK5 0! GOV]N;T--MO/ P "W F ,JANU>Y 6,MAY J =! GOV]N;T4 #C4 ,Y "W =! BANK4 ,AF TAXES1 YR NEXT L>GE/ EXP5SE IS USU,Y YR MORTGAGE & CR$IT-C>D DEBT4 ,! PRO#M ) SIMPLY "W+ H>D] IS T EA* ( ^! ?REE LEVELS TAKES A GRT] %>E ( YR 9CR1S$ EF=TS4 ,Y NE$ 6LE>N H[ 6H YR 9CR1S$ EF=TS B5EFIT Y & YR FAMILY DIRECTLY4 ,ONCE Y H DECID$ 63C5TRATE ON M9D+ YR [N BUSI;S1 H[ D Y SET YR GOALS8 ,= MO/ P1 !Y M/ KEEP _! PROFES.N & RELY ON _! WAGES 6FUND _! ACQUISI;N ( ASSETS4 ,Z _! ASSETS GR[1 H[ D !Y M1SURE ! EXT5T ( _! 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M1SURE (! CA% FL[ F ! ASSET COLUMN -P>$ )! EXP5SE COLUMN4 ,LET'S USE AN EXAMPLE4 ,LET'S SAY ,I H CA% FL[ F MY ASSET COLUMN ( 4#A1JJJ A MON?4 ,& ,I H MON?LY EXP5SES ( 4#B1JJJ4 ,:AT IS MY W1L?8 ,LET'S G BACK 6,BUCKM9/] ,FULL]'S DEF9I;N4 ,US+ 8 DEF9I;N1 H[ _M "DS =W>D C ,I SURVIVE8 ,& LET'S ASSUME A #CJ-"D MON?4 ,0T W ,I H 5 CA% FL[ = HALF A MON?4 ,:5 ,I H A*IEV$ 4#B1JJJ A MON? CA% FL[ F MY ASSETS1 !N ,I W ,8\R W1L?Y4 ,S ,I AM N YET RI*1 B ,I AM W1L?Y4 ,I N[ H M 9COME G5]AT$ ON ASSETS EA* MON? ?AN MY MON?LY EXP5SES4 ,IF ,I WANT 69CR1SE MY ,EXP5SES1 ,I F/ M/ 9CR1SE MY CA% FL[ F ASSETS 6MA9TA9 ? LEVEL ( W1L?4 ,TAKE NOTICE T X IS AT ? PO9T T ,I NO L;G] AM DEP5D5T ON MY WAGES4 ,I H FOCUS$ ON & BE5 SU3ESS;L 9 BUILD+ AN ASSET COLUMN T HAS MADE ME F9ANCI,Y 9DEP5D5T4 ,IF ,I QUIT MY JOB TD1 ,I WD 2 A# 6COV] MY MON?LY EXP5SES )! CA% FL[ F MY ASSETS4 ,MY NEXT GOAL WD 2 6H ! EXCESS CA% FL[ F MY ASSETS G 96! ASSET COLUMN4 ,! M M"OY T GOES 96MY ASSETS1 ! M MY ASSET COLUMN GR[S4 ,! M MY ASSETS GR[1 ! 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