These are notes from a finance class offered at the church. Any misinformation is the fault of the note taker.

– Continue to bless others
– How can serving others open the windows of heaven in your life: CH
– Mosiah 2;17
– Mosiah 4:26
– Gordon by Hinckley: when you are united your power is limitless. you can accomplish anything you wish to accomplish
– Robert hales The purpose of temporal self-reliance is to get on the higher ground so we can lift others.
– Before you gain to save. Estimate how much you leave. Years of retirement and how much money needed for those years.
– Don’t kill the goose (the investment) live off the eggs. Live off the dividends not the principal amount.
– Einstein: Compound interest is the 8th wonder of the world.
– Be aware of high-risk investments.
– Doug Andrew: tells how to invest and how to pay least enough for taxes.
– Need to diversify with a mix of high-risk investments to some investments are safer.
– All investments can be put into two categories.
– Fixed rate: rate will be the same. Often have a lower rate of return. savings is an example or dc or bonds.
– Variable rate: return can go up and down. Stocks funds, real estate. Riskier and carry the potential for higher return.
– Diversification is a mix of fixed and variable.
– Compound interest: is interest on top of interest.
– Typically have to pay taxes on investments.
– The sooner you start saving for retirements the longer the money has a chance to grow.
– Set up an emergency fund first.

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