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Funding Your Freedom

Funding Your Freedom. Agenda. Introduction Budgeting in Everyday L ife Building a Wealth P ortfolio Credit as a Tool Educational Value. Budgeting – cut small, save BIG!. What is in your everyday coffee? http:// www.hughcalc.org/coffee.cgi. Are your peers on budgeting? 60% Tried

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Funding Your Freedom

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  1. Funding Your Freedom

  2. Agenda • Introduction • Budgeting in Everyday Life • Building a Wealth Portfolio • Credit as a Tool • Educational Value

  3. Budgeting – cut small, save BIG! • What is in your everyday coffee? http://www.hughcalc.org/coffee.cgi • Are your peers on budgeting? • 60% Tried • 37% Managed to stick to it

  4. Away from paper, let’s Excel!

  5. Free budgeting on the go! • Budgeting in everyday decision-making

  6. Building Your Wealth • Where do you keep the money you save? • Under your mattress? • A savings account? • In gold coins?

  7. Building Your Wealth • Ways to hold wealth • Savings Account • Gold Coins • Mutual Funds • Individual Stocks • Certificate of Deposits • Treasury Bonds

  8. Slow and Steady Growing

  9. When should you start saving for retirement?

  10. Savings

  11. Types of Retirement Accounts • IRA Account • Tax deferred gains • Early withdrawal fees • Roth IRA Account • Income taxed beforehand • Maximum contribution • Early withdrawal fees • 401 (K) • Tax deferred • Employer matched contributions • Early withdrawal fees

  12. Credit as a Tool • Obstacles • Benefits • Potential harm • Future Implications

  13. Getting Started • Credit card vs. debit card • Difficulties of getting approved • Potential options

  14. Perks or Potential Headache?

  15. Keeping Yourself on Track • Credit Monitoring Websites: • https://www.creditkarma.com/auth/logon/ • https://www.credit.com • Minimum Balance Calculator

  16. What will YOU earn with your undergraduate degree? • $35,545 • $39,613 • $42,218 • $50,150

  17. What will YOU earn with your undergraduate degree? • $35,545 • $39,613 • $42,218 • $50,150

  18. What about with an MBA? • $48,213 • $50,554 • $55,292 • $64,500

  19. What about with an MBA? • $48,213 • $50,554 • $55,292 • $64,500

  20. …MS Accounting? • $48,335 • $50,000 • $53,000 • $85,000

  21. …MS Accounting? • $48,335 • $50,000 • $53,000 • $85,000

  22. What percentage of those graduating from UB SOM will find full-time positions, in a related field, within 3 months of graduation? • HINT: Industry average is 49%

  23. What percentage of those graduating from UB SOM will find full-time positions, in a related field, within 3 months of graduation? • HINT: Industry average is 49% • MBA: • 86% • MS Accounting: • 89.3%

  24. Return on Investment:UB SOM is one of the Best in the Business • Estimated Tuition and Living Expenses (SUNY 2020): • 2013-2014: $20,282 • 2014-2015: $20,582 • 2015-2016: $20,882 • 2016-2017: $21,182 • Total Estimated Cost: $82,928 • Average Student Debt upon Graduation: $13,500 • You will earn back your investment in 2.3 years

  25. Return on Investment:UB SOM is one of the Best in the Business • Let’s take a closer look at Syracuse University: • You will earn back your investment in 4.6 years • Average starting annual salary of a Business School Undergraduate:$50,210 • Estimated Tuition and Living Expenses: $57,450 • Predicted to increase 3% per year • Average Student Debt upon Graduation: $31,810

  26. Understand the true value of your Education • Consider opportunity to have educational value • Think of the opportunities UB SOM can provide for you: • Working coincide distinguished professors • Networking with recruiters and other professionals • Taking on and assuming leadership roles • Beta Alpha Psi as well as 19 SOM clubs with E-Board positions • Countless group projects and classroom activities

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