GT1000+-+Money+_+Time+-+Wealth

GT1000+-+Money+_+Time+-+Wealth - Money & Time => Wealth...

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Creation, Management, Preservation
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Welcome to this session, I hope you will find it challenges your thinking! • The topic I will present today may seem a bit way off in the future for most of you, so let me begin with a few questions. h How many of you know what your job will be when you graduate? h Who will be your employer? h How much will you earn annually?
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• These are not easy questions for you to answer at this time, and it is probably not important that they be answerable today. • I was sitting where you are about 45 years ago, and could not have answered a single one of these questions. • Let me ask you another set of questions h How many of you expect to be married one day? h How many of you will have children? h How many of you will one day own a home? h How many of you will one day reach the end of your career? • So you see, life is predictable even though specifics are not known! h How many of you would like to be wealthy one day?
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• Do you know that by being here studying for a college education you are already impacting your potential level of wealth? h Do you know that people with a college education earn on average $1,000,000 more than those without a degree. • No matter what your first job or who your employer, you will likely be one day where I am today. h 40 years of career behind you, h Grown children, even grandchildren, h Living on a combination of pension, SS, and personal savings, And will need a certain amount of wealth to last you the rest of your life. • Now you may say, “So what, I have years before I really need to think about where my life is going and things like personal wealth.” h But, do you really?
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• As noted earlier, personal wealth accumulation begins with the investment you are making in your college education today. h Remember, people with a college education earn on average $1,000,000 more than those without a degree. h So you are really already involved with how your financial life will be. • Let’s explore this concept of personal wealth. h Do you know that most wealth is obtained over time? h Exceptions are those inheriting a fortune or winning a lottery! • There are 1,000 billionaires in the USA and most acquired their wealth over
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This note was uploaded on 02/08/2011 for the course GT 1000 taught by Professor Tba during the Fall '08 term at Georgia Tech.

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GT1000+-+Money+_+Time+-+Wealth - Money & Time => Wealth...

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