EM 12 Resources

#1 – Credit Resource
Your credit profile and credit score are used to make key decisions about your creditworthiness and your responsibility as a borrower. Even employers and education admission boards may review your credit report to assess your risk. With that in mind, it’s critical to understand how your credit profile is constructed and how information in your credit report determines your score so you can take action to maintain the best credit possible.

#2 – Budget Resource
Over, half of Americans report that they don’t have a budget at all, and about 20% say they don’t have a good idea of how much they spend on housing, food and entertainment. Budgeting, or deciding how much money you have for each category of your expenses, is one of the best things you can do for your finances. It makes you conscious of your spending, and consciousness about money is always a good thing.

#3 – Savings Resource
Any solid financial plan resets on a foundation of liquid assets, such as cash and the money in your checking account. Your checking account may handle your everyday expenses, but there are good reasons to have extra money in a savings account. The absence of emergency savings fund can lead to a severe financial setback. It’s inevitable that unforeseen expenses are going to come out of the blue. So, what happens if you’re unable to pay for these expenses?

#4 – IRA, SEP & 401-K Resource/Mutual Funds
An Individual Retirement Account (IRA) is an account that allows you to save for your retirement while taking advantage of tax benefits. There are many different types of IRAs, and each has different requirements and consequences, depending on your personal life circumstances and retirement goals. We’ll help you understand each Individual Retirement Account and their tax advantages, so you can determine which one may be right for you.
Mutual Funds are investment strategies that allow you to pool your money together with other investors to purchase a collection of stock, bonds, or other securities that might be difficult to recreate on your own. The price of the mutual fund, also known as its net asset value (NAV) is determined by the total value of the securities in the portfolio, divided by the number of the fund’s outstanding shares. This price fluctuates based on the value of the securities held by the portfolio at the end of each business day.

#5 – Insurance Resource
As a result of globalization, deregulation and terrorist attacks, the insurance industry has gone through a tremendous transformation over the past decade. In the simplest terms, the insurance company attempts to manage mortality (death) rates among its clients. The insurance company collects premiums from policy holders, invests the money, (usually in low risk investments), and then reimburses this money once the person passes away or the policy matures.

#6 – College Savings Resource
Our College Planning and Saving Study reveals that while families prioritize college for different reasons, they face similar obstacles when it comes to paying for it. With so many competing priorities, you might be unsure how to start saving – and you may be interested to learn about some of the factors, including cultural background and heritage, that influence other families’ decisions.

#7 – Stock Resource
Stock investing doesn’t happen in a vacuum; it operates in a world swirling with issues and events that affect your stocks and stock investing decisions. Fortunately, it can still be profitable if you see clearly what the stock market faces today. Events and conditions in today’s economic and social landscape will either help or hurt your stock picks.

#8 – Crypto Currency / Blockchain Resource
A digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units and verify the transfer of assets. Bitcom, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority. Blockchain is the record-keeping technology behind bitcoin. Awareness and knowledge are key to staying informed about future financial vehicles to build wealth.

#9 – First-Time Homebuyer Resource
Thinking about buying your first home? Before you can unlock the door to homeownership, you have to take some important first steps. From finding the perfect location to financing your purchase, shopping for your first home has challenges that go beyond curb appeal and interior features. Some of the important steps to homeownership include: (1) Getting approved for a mortgage; (2) Choosing the right real estate agent; and (3) Finding the right home that fits your budget.

#10 – Real Estate Investor Resource
Simply stated, when investing in real estate, the goal is to put money to work today and allow it to increase so that you have more money in the future. The profit, or “return” you make on your real estate investments must be enough to cover the risk you take, taxes you pay, and the costs of owning the real estate investment such as utilities regular maintenance, and insurance.

#11 – Investment Club Resource
Although people have been investing in groups for thousands of years, the world’s first investment club was allegedly established in Texas in 1898 back in the days of the Wild West when few investments could be considered safe. Investment clubs were seen as an ideal way of spreading the risk – away from just cattle.

#12 – Business Development Resource
Due to the wide-open scope of business development and activities, there are no standard practices and principles. From exploring new opportunities in external markets, to introducing efficiencies in internal business operations, everything can fit under the business development umbrella. Those involved in business development need to come up with creative ideas, but their proposals may prove to be unfeasible or unrealistic. It’s important to be flexible.