Building Financial Wealth

Agenda⊸ Define financial wealth⊸ Steps to be more financially

wealthy⊸ Warren Buffett, Who is he? ⊸ Guests speakers(Rachel Perry from

Capitol Bee Care, Paul Lachelier from Signia Surfaces, Jahi Davis from Davis n Davis Credit Advisors, and William Cunningham from the National Crowdfunding Services )

What is financial wealth?

Financial wealth is assets, or wealth, that is based on ownership of financial assets, such as stocks, bonds, money, and government securities. Financial wealth represents ownership of physical or real wealth.

⊸ Strong financial resources⊸ Low debt/No debt⊸ Measured in number of valuable

possessions and beneficial resources

Financial Wealth

Steps to financial wealth 1. Write out your goals2. Record all of your spending

every month or week(keep receipts)

3. Create short and long term financial goals

4. Make a budget plan 5. Start saving 6. Pay close attention to your

account movements(left and right)

Short Term:⊸ Pay down any debts

you owe⊸ Start a disciplined

emergency funds, or savings account

⊸ Set up daily, weekly, and monthly budget

⊸ Prepare for retirement(401k account, IRA, etc)

⊸ Establish good credit⊸ Buy a car⊸ Be debt free(credit

cards, student loans, etc)

⊸ Have at least 100,000 dollars in my retirement account by age 30

Long Term:

Goals

If you have a credit or debit card, you should always pay very close attention to your account movements and interest rates.

Ways to keep track Mint.com or Mint app

Onereceipt.com or onereceipt app

Who is the wealthiest graduate of DCPS High School?

Warren Buffett graduated from Woodrow Wilson Senior High School. He first started investing in stock at age 11. At age 13, Buffett ran his own business as a paperboy delivering the Washington Post. In his senior year of high school, Buffett and a friend purchased pinball machines and put them in barbershops nearby to earn extra income.

Warren Buffett

Warren Buffett

⊸ Born on Aug 30, 1930 in Omaha

⊸ Son of Howard Buffett

⊸ Graduated from Wilson Senior High School

⊸ First job as a paperboy

⊸ 3rd richest person in the world

⊸ Successful investor

⊸ Chairman and CEO of Berkshire Hathaway inc.

⊸ Net worth: 67.4 billion

Warren Buffett

Thanks!Any questions?

Researching and caring for honeybees since 2006. Capitol Bee CARE is a multifaceted enterprise dedicated to honeybee research, colony establishment and management, and consulting on the care, management, propagation of honeybees. In addition to these direct beekeeping services Capitol Bee CARE offers training in a variety of beekeeping related topics including basic beekeeping, queen rearing, beekeeping as a business and more. Capitol Bee CARE also is a producer and purveyor of products of the hive, beekeeping accessories, and honey bees.

Signia Surfaces LLC is a new and innovative social enterprise in Washington D.C. that is developing a community-supporting form of advertising. Their mission is to spread knowledge, nurture community, and help their advertising clients reach D.C. metro residents and visitors in eye-catching ways. They do so by printing signia (significant information) alongside their advertisers on surfaces (particularly napkins and coasters) that they distribute at events or restaurants, bars, cafes and other eateries in metro D.C.

Davis&Davis Credit Advisors is a boutique financial advisory firm, with 47 years of experience, serving top professionals in more than 48 U.S. cities. We help top professionals face their financial challenges with confidence.

Crowdfunding is "open source" financing. Individuals come together to support, via small donations or investments, a person, project or product. This technique is implemented using crowdfunding websites and social media tools. Crowdfunding has the potential to significantly enhance small business growth in Washington DC and elsewhere. The technique is already gathering momentum, reflecting entrepreneurs' growing displeasure with institutional finance and its increasingly obvious flaws. The exponential spread of social media has facilitated this phenomena. Our aim is to increase public awareness of crowdfunding by giving current and potential business owners a chance to tell their story, share their dreams and raise start-up and/or expansion capital.

National Crowdfunding Services, LLC