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א יוד לעיבט מיט א חשבון Don’t spend money that you don’t have and save for what you need
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Spending on credit card Saving for bar mitzvah and weddings Savings for retirement And responsibilities of life insurance 
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[Music]
um in
in stage
um
bring life insurance
Greer
height so the in so
living
responsible this is
compounding
interest compounding interest
so
so responsibilities
of the
shelves mentioned was
am the minimum payment credit cards in
22% between 22 28%
[Music]
rib in
minimum the minimum
$250 minimum
can't
spend so
interest
is this is eight wonder of the
world
for
for forli
128 256 512,000 2000 4,000 8,000
[Music]
16,000 trillion I'm sorry
this is the power
interest
power unfortunately
so companies
so S&P
500 life insurance
agent financial
advisor begin
a
it's a big numbers a big big big
numbers okay5 day for five days a week
the
market the companies in America in
America the the country of the world in
history of
$10 10% rate 20 years hype to zero 20
$25 Edition
weekly the beginning
it's mindling
okay next
page
like all right
oh that's
right but but but
um so the excuses as a sign of failure
someone that is successful does not have
excuses so there's no
excuses just mindling
253,000 way more than
zero way more than
zero have you invested in the market for
automatically account and never looked
account
wow if this works I have to share it to
everybody
so so
the page plan it's got a baby
lowy
huh yeah yeah yeah yeah
so saving
$25,000
a on the top the results are in 70
$289 for 13 years will get you $25,000
10 which is $25000
morgage it must be a bill that you got
to
payes mortgage whatever it is you have
to set it
up and if you don't build a bridge to
get off it
diamond
fory coffee shop
so take it very
serious complicated extremely extremely
simple
H accounts
online the computer in the
office
filters filters their programs download
app
Fidelity or the online fidelity.com or
the vanguard.com Fidelity is the
easiest is also very good the problem
American
company
[Music]
service phone email whatever so is also
for the
gambling simple stuff plain
simple simple
stuff mention when it to Fidelity first
of
all bank
account account L bank account
HP
Investments week tring
multiple
soly
no fin
F
manager when
ivv when thep
straight
right
401 kind of
Services most
companies most companies
is the easiest to trade to set up
automatic trading and the cas Co ETFs
funds the do stick to certain Chase
offet automatic trading nor of certain
mutual funds um
and Vanguard accounts
Vanguard certain mutual funds automatic
trading but not as flexible as those
they
easy so S&P do many different funds in
the S&P
500 S&P 500 S&P
500 is a is a a group
companies by
[Music]
way
L Lon inv in apartment buildings in
Lon companies iner certain
criter certain funds as a
manager around S&P
500 do companies fun managers Vanguard
Fidelity Charles Schwab tons of fund
managers
compies F manager
spread the percent of
spread
manager so you do research any of the
funds you'll
get Shar companies is on majority
Holdings so
companies certain funds so the S&P
500 funds Vanguard funds
spy Vanguard funds are
ETF um for for for the S&P 500 the most
the most moderate one was a well balanc
is the
vo which is
straight huh might ETF okay ETF is is is
a is a is
a is a f was left of the stock
markets mut fund
Market FS so vo ETF versus S&P 500
basic
v g by the end F letter by the end indic
for the growth
funds
compies
comp compies value companies is V grow
company value company Coca-Cola is a
value company
poales other Nidia other all the re
companies technology
ear crazy
numbers the dollar the
so is real estate there is in Amazon
there is a there is a there is
a in a financial
basically a
gambling gambling the gambles
Mar I will really really do not advise
anybody to buy physical stocks
from mutual fund which is
guaranteed guaranteed yes is guaranteed
say Ki their
[Music]
pick
individual
Market corre
system NASDAQ New York Stock Exchange
all the exchanges American exchanges for
the 500 strongest companies in a loow
vis the ups and downs in these companies
that day G
numers
do this is a chart this are charts from
S&P 500 in the past 20
years
okay so the beginning the
2000 so short
term the risk
isoss is short term for long term
that's exactly Point okay
pictur 22
22 22
whoops
22 okay but
name but it shows you shows you
the the flow Okay so
invested
okay when Market on when you're in the
good the good run of the market and the
average
Mar
2 so you have way more even on a down
Market you have way more than not having
anything
simple
online feel
comfortable well the main point is is
first as you get
older S&P 500
this is 100%
guaranteed
so
act so so this
is the contributions
the
tax so call the
taxes so so taxes better and B and
better by the
way as the years go on the hype over the
level from
Tex the
so so the the best way to do it is a
custodian account for one
reason the income REM us of the ks
no no
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was
I I I don't know why companies go public
and why they have to have
it fully fully the
market I don't like to give facts and
stuff that I don't know I can give you
facts and stuff that I know the the
bottom line is the bottom line
is forey
tax
tax help for the
country for
the and
the main point is you take a long sum at
the
beginning interest is the the power of
interest in in the time
and and and you should really take it
serious this is one of your most
valuable
sh
lifetime the power Penny the power
dollar
account
okay huh it's all right it's okay it's
okay BL
inside million get to
that so so
finish
finish the life insurance part because
life insurance is the main part one of
the main
parts so to sum to sum up that that
that whatever istic
expenses and they cannot afford it
so
retirement chart Ro Ira the sh
sheet starting at age 25 starting at age
35 starting at age
30,2 a
year yeah is in the fonts in the S&P 500
because
those index the main thing is
index in a single
company the most powerful company in the
world which was
yeah
sure
okay companies
F
managers 35 he retires by 65
he ends up1 half
million to the bottom
chart the number the
difference
million one and a half
million okay
true but make it your
priori makei
in the problem and the solution and
that's why I'm here to tell you
how cut somewhere
else no no no
homeless
Manion
okay homeless
so the
solution cookie cut solution the
solution is
I
luxury okay
insurance
close the next car I used car for
long no it's
okay so that's right that's why the
for so inflation of the f inflation
inflation inflation in the last 20 years
is G
average
so% 125
130 may actually
inflation inflation half%
inflation
okay retire zero
no I did the N the N tax dollars $7,200
tax
dollar
no no no no no no the law
La even tradition L my knowledge I might
be wrong
right say you don't get a tax break when
you put R
traditional all right so
good I have different information and
you have but I don't
know then the final
chapter the
chapter
[Music]
so
important could afford it the earlier
you do it the more money you'll have an
older age and you have no idea how
important it
is serious serious m
the Final Chapter
insurance is so simple and easy to set
up
online but that's it
daily EMP
zero
insurance it's not enough to live you
are
million but
zero
so50 for
family
for the life insurance
diet policy is so simple to sign
up USA do it it's simple $42
is going to average small
an amazing organization amazing
organization so I vouch for it and again
is of the chart of the application
well
seconds complicated
coverage
insurance insurance
million dollar the likes on the S&P
500 on average of
10% 50,000 a
year so this is the punch line isur
vti is I get the fund ivv v o s SP y SP
spy G
and itn't