COMS 111 - Speech 1 outline

COMS 111 - Speech 1 outline - liabilities 1 Assets put...

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Tim Thyne C. Roper COMS 111.01 Title: How to Create Cash Flow Thesis: A large percentage of society lives paycheck-to-paycheck because they simply do not know how money works. Introduction: Did you know that Americans are the worst savers? According to Robert Kiyosaki, author of the book Rich Dad Poor Dad , Americans on average spend 102.2% of their income. This issue is most important for college students. Having barely entered the financial world, we have the best opportunity to employ good financial habits and make good decisions about money. We can learn from our countries financial mistakes. Today, I would like to answer one question: What do I need to know about money to avoid the paycheck-to-paycheck lifestyle that a large percentage of society is accustomed to? [First…] I. You need to know a little bit about property, cash flow, and setting goals. A. Most people find it difficult to clearly distinguish between assets and
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Unformatted text preview: liabilities. 1. Assets put money in your pocket such as real estate and mutual funds. 2. Liabilities take money out of your pocket: cars, mortgages, luxuries. B. Most people do not know the concept of cash flow. 1. Your income minus your expenses equals your cash flow (I-E=C). 2. Reducing your expenses increases your cash flow with out the need to increase your income. C. Set goals by determining what you want to do in life and deciding the income it will take to make that happen. Conclusion: In conclusion, creating assets, reducing your expenses, and setting long-term goals is the key to financial success and conquering the chains of a paycheck-to-paycheck lifestyle. I hope these ideas will help you in creating a good financial future and happiness in life. Time is on your side, start saving now. References: Kiyosaki, Robert. Rich Dad Poor Dad . New York: Grand Central Pub, 2000....
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This note was uploaded on 04/16/2008 for the course MGMT 375 taught by Professor Higgins during the Spring '08 term at Abilene Christian University.

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COMS 111 - Speech 1 outline - liabilities 1 Assets put...

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