Financial Literacy Workshop - Let’s Get Rich the Right Way

"The best time to plant a tree was 20 years ago. The second best time is now." -- Ancient Chinese Proverb Matthew Chun, ASN Small Business Owner (2) 10+ Years Investing Experience: Debt Free, Manage Multiple 6-Figure Accounts Personal Investment Journey: $0 to $300k+ If you would like to learn more about general advice about finances and early retirement: Please email or text me; or paste my sign up link in your browser: https://forms.gle/gYv7F2511gfs9rn98 --------------------------------------------------------------------------------------------------------------------------- *Pro bono services are available to those who can demonstrate financial hardship. Personal Investing Methodology: Sustainability is KEY to financial freedom. The goal here is not speed, nor crypto, nor get-rich-quick schemes. Instead, we're after science-backed and government-supported methods that have historically doubled, tripled and 10x'd money, over time. Specifically, we will tackle topics such as savings, investing and budgeting. Then, we will explore tax-shelters that the rich use (and that are available to us, but often hidden) to preserve and create wealth such as 401ks, Roth IRAs, High-Yields Savings Accounts, College Savings 529s, etc. It's my personal belief that anyone that has their basic facilities in order (mental wherewithal, a source of income, basic necessities met like food and shelter and a will to forego $7 coffee every day) can make make money investing. What is Investing? Investing is simple, on paper. "Buy Now" and in 15 years your money has the potential to be worth +300%. Per our program philosophy, we recommend holding and not selling for another 15 years, and you could see that percentage increase to +1,000% (best-case scenario). Why is Investing Important? Traditional-savings accounts offer 0.01% interest rates. That's literally pennies on the dollar you are receiving from the bank. Check your statements: $10,000 kept at a traditional bank nets you $1 per year in interest. That's not even enough to buy a hamburger anymore! Now factor in the constant inflation which chips away at those very savings another -3.8% per year, slowly eating away at your purchasing power. Think about how much food, gas, housing and automobiles cost today versus only a couple years ago. Now, how little salaries have grown, and you can see how hard it is for many to keep up today. Do I Have to Invest to Make Money? Not necessarily, there are free, Federally-Insured (FDIC) High-Yields Savings Accounts (HYSA) that operate similar to traditional-savings accounts that will pay you +3-5%, for every extra cash you keep in the account. You won't get rich this way, but at least you'll preserve your capital against inflation, and you will never "lose money in the stock market" this way. Example: That same $10,000 kept in a HYSA makes ~$430 every year. Do I Need to Make A Certain Minimum Before I Invest? No, this is a common misconception. What matters more is working within your budget, within your limits and setting aside a sustainable percentage of money from your paychecks that you can be consistent with for years on end, that you can put towards investing. What Would I Even Invest In? We recommend ETFs (Exchange-Traded Funds) here. ETFs allow you to buy multiple, top-performing stocks within one single fund. For example, VT (Vanguard Total World Stock ETF) contains 10,000+ of the world's top stocks and earners including Amazon to Google to OpenAI (indirectly) to Facebook to China's Top Stocks, Euro's Top Stocks etc, packaged into one fund, an ETF. Why Choose a Broad-Diversified Fund like an ETF? Broad-diversified funds (like ETFs) that track the total stock market, as a whole, have historically returned a "boring", "safe" +10% per year for over a hundred years. Dissenters and, quite honestly, gamblers such as "Professional Stock Pickers" and "Crypto Bros" will tell you that ETFs are "too slow" and "too old" to be viable. And that you will be missing out on the, potential, +800% "moonshots" in a year (or +17,000% like Bitcoin did). In short, they are right as you will not become a millionaire overnight with an ETF; however, at the same time it is also true that for as many "winners" that get lucky in the stock market gambling, there are just as many losers, if not more. Studies show 70% to 97% of active traders lose money on single stocks versus broad-diversified funds, like ETFs. So that's why we recommend ETFs, as with this asset class you will avoid any single-stock, volatility and/or drawdowns or even worse, their potential "death" or bankruptcy (think Spirit Airlines), as with ETFs, if a company were to die or go out of business, they would simply be replaced with the next top performer. In addition, you will also "capture" any outlier years such as today's current 3-year averages of +20-30% with consistent, sustainable "buys" that we have set up per your budget from your paychecks every week or month. Example: If you invested $10k ($27.40-a-day), three years ago and never invested another dime -- you would have around $20K today (and you would have even more if you consistently deposited sustainable chunks, along the way). Do You Sell Any ETFs Personally? No, ETFs are made available to the public by Financial Institutions such as Vanguard and Fidelity. These institutions are governed and regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Anyone can simply download an application on a phone, or visit their website to open an account and buy an ETF with a couple clicks. What If the Market Crashes, After I Invest? Historically, stock market crashes last roughly 18-36 months. The most recent one, The Iran War, we saw a -15% drawdown, and the stock market has already recovered (in 2 months) and is now up +8%, hitting "all-time-highs". So if you still "consistently and sustainability" made investment contributions as per our program details, every "buy" at this -15% was essentially on sale, and then some, as the market has already rebounded. So in short, a crash is what you'd want now, as everything would "be on sale", and the longer the crash, the better as you would have more opportunities to buy at discounted rates. ------------------------------------------------------------------------------------------------------ If you would like to learn more about general advice about finances and early retirement: Please email or text me; or paste my sign up link in your browser: https://forms.gle/gYv7F2511gfs9rn98 Disclaimer: This is an educational offer. We do not manage client funds or guarantee returns. Investing involves risk and is not suitable for everyone. 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