4.0 Expectations - Click to edit Master subtitle style 2010...

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Unformatted text preview: Click to edit Master subtitle style 2010 - 2222 H Toprac Two roads diverged in a wood, and I, I took the one less traveled by, And that has made all the difference Robert Frost (American poet, 18641963) Click to edit Master subtitle style 2010 - 2222 H Toprac Foundations of Finance 4.0 Setting Expectations An Overview 2010 - 2222 H Toprac Finish school Get a job Build a cash reserve Establish a good credit rating Get out of debt 2010 - 2222 H Toprac 3 Near-term financial objectives (within 1 3 years) 2010 - 2222 H Toprac Getting an education is the single most important thing you can do to enhance your earning power College grads aged 25 and older earn 74% more than high school grads Those with advanced degrees earn 128% more than high school grads 2010 - 2222 H Toprac 4 Finish school 2010 - 2222 H Toprac 2010 - 2222 H Toprac 5 Get a job, earn a salary Selected Starting Salaries Engineering $51,321 60,396 MIS & Computer Science $48,932 60,473 Business & Economics $41,670 51,698 Chemistry $39,404 History $38,731 Psychology $32,260 2010 - 2222 H Toprac Health insurance: including medical, dental and (sometimes) vision Disability: both short- and long-term Life insurance: only if someone depends on your income, then 5-7x salary Flex spending: to pay for medical and childcare costs with pre-tax dollars 401(k) plan: an absolute must! 2010 - 2222 H Toprac 6 Get a job, earn benefits! 2010 - 2222 H Toprac Many financial experts advise holding a cash reserve of 3-6 months of expenses This will provide you with ready cash in case an emergency or opportunity arises 2010 - 2222 H Toprac 7 Build up a cash reserve 2010 - 2222...
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This note was uploaded on 12/30/2010 for the course MIS 302f taught by Professor Staff during the Spring '08 term at University of Texas at Austin.

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4.0 Expectations - Click to edit Master subtitle style 2010...

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