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5 Golden Rules for a Golden Future

5 Golden Rules for a Golden Future. The only one responsible for your future is you!. 5 Golden Rules for a Golden Future. Improve your Education. 5 Golden Rules for a Golden Future. Dream and Dream Big. 5 Golden Rules for a Golden Future. Start Saving Now.

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5 Golden Rules for a Golden Future

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  1. 5 Golden Rules for a Golden Future • The only one responsible for your future is you!

  2. 5 Golden Rules for a Golden Future • Improve your Education

  3. 5 Golden Rules for a Golden Future • Dream and Dream Big

  4. 5 Golden Rules for a Golden Future • Start Saving Now

  5. 5 Golden Rules for a Golden Future • Become Financially Literate

  6. INVEST IN YOUR FUTURE

  7. AGENDA • Who I am, who I work for and what I do • Money Smarts • Did you Know…. • Planning for the Future • What is saving • What is investing • Types of Investments • Becoming an Investor • Questions / Contact us

  8. WHO I AM, WHO I WORK FOR AND WHAT I DO • Ainsley Cunningham • B.A., B.Ed., securities industry experience • Manitoba Securities Commission • Government Agency • Self Funding • Make and enforce rules • Mandate - To protect the public and ensure that the markets are running fairly and efficiently • Education and Information Coordinator • TV Programs, media relations, public presentation, industry events, marketing, national initiatives, web site development

  9. MONEY SMARTS • Financial Literacy means being able to earn money, keep track of a bank account, use credit wisely and put cash aside for future needs. Having money smarts allows women to: • Be self sufficient • Have power • Enjoy equality • Make Choices

  10. DID YOU KNOW…. • Canadian Youth earn earn money from part-time jobs, allowance and gift money. • Canadian youth spend 14 billion annually (discretionary income) • Money is typically spent on food, entertainment and clothing • Debt among Canadians is extremely high

  11. WHY IS PLANING FOR OUR FUTURE WHEN WE ARE YOUNG IMPORTANT? • Cost to achieve our dreams • Time is on our side (Value of compounding) • Few expenses • Relatively easy (10% rule and pay yourself first) • Good financial management habits formed when we are young are generally carried over into adulthood.

  12. WHAT IS SAVING? • To put aside • To accumulate

  13. WHAT IS INVESTING? • At its most basic, it is giving money to someone else with the expectation you will get a return • What the return is will depend on what you invest in.

  14. WHAT IS INVESTING? • There are three characteristics that apply to all investments: • Expected Return - Interest, dividends or capital gains you expect to receive. • Risk - The possibility of losing some, all or more than the amount you invested or that you could earn a lower return than expected. • Marketability - How easy it is to sell or redeem the investment. • Understanding these characteristics is key!

  15. TYPES OF INVESTMENTS • Cash and Equivalents • Fixed Income • Equity Investments • Mutual Funds

  16. BECOMING AN INVESTOR • Know Yourself • Assess you financial situation- communicate clearly any changes • Identify your goals • Know your tolerance for risk • Know you Adviser • Credibility / Trust / Comfort • Investment Approach /Fees - cost of investing/Customer Service • Become Informed • Newspapers, books and magazines • Television and research reports • Classes • Talk to the Commission

  17. RESOURCES • Street Cents • MSC Web site (Other provincial web sites) • Newspapers, books and magazines • Professionals, friends and family • Banks Credit Unions, Mutual Fund Dealers and Brokerage houses • Very important that you take the time to do research because no one cares as much about your financial situation as you do.

  18. QUESTIONS? / CONTACT US • Manitoba Securities Commission • Phone 945-4733 • web site: www.msc.gov.mb.ca

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