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NORA'SRESTAURANT.COM.
TODAY.
JOINED BY DYLAN BOND, THANK YOU
SO MUCH FOR JOINING US.
IT'S GREAT TO BE HERE.
DYLAN IS A REGISTERED
INVESTMENT ADVISOR
REPRESENTATIVE AND THE OWNER OF
BOND FINANCIAL SERVICES AND
EVERY WEDNESDAY, HE JOINS US
RIGHT HERE ON THE COUCH.
THANKS FOR BEING HERE.
GREAT TO BE HERE, SETH.
THE RULE OF 72.
WHAT DOES THAT MEAN?
THERE'S A COUPLE OF RULES WE
USE THAT ARE HELPFUL.
THE RULE OF 72, IT BASICALLY
GIVES YOU A WAY TO DETERMINE HOW
LONG IT WILL TAKE TO DOUBLE A
RATE.
YOU TAKE THE NUMBER 72 AND
DIVIDE IT BY THE INTEREST RATE
THAT YOU FEEL YOU'RE EARNING ON
YOUR MONEY.
BY 7.2?
IF YOU DIVIDE 72 BY 7.2, IT
WILL TAKE THE ANSWER THERE IS
10.
IT WILL TAKE 10 YEARS TO DOUBLE
OK?
SO ANOTHER WAY OF LOOKING AT IT
IS IF WE CONSIDER FOOD AND
ENERGY AND HEALTH CARE
INFLATION, GROWING AT SOMEWHERE
IN THE NEIGHBORHOOD OF FIVE TO
7%, IF IT DOES GROW AT 7.2% A
YEAR, IT WILL IN 10 YEARS, THE
COST OF GAS, THE COST OF FOOD
AND THE COST OF HEALTH CARE
COULD BE TWICE AS MUCH.
EXACTLY.
IT PROBABLY WON'T BE THAT
MUCH OR THAT EXTREME, BUT THE
FACT OF THE MATTER IS YOU HAVE
TO CONSIDER THAT WHEN YOU'RE
TAKE INTO CONSIDERATION IF YOU
HAVE ALL OF YOUR MONEY IN A
FIXED BANK ACCOUNT EARNING LESS
THAN 1%, DO THE MATH, SETH.
AT 1%, HOW LONG WILL IT TAKE TO
DOUBLE YOUR MONEY?
EXACTLY.
REALLY?
A HALF%, IT WOULD TAKE OVER
100 YEARS TO DOUBLE YOUR MONEY.
YOU NEED TO MAKE SOME MOVES
WITH YOUR MONEY, DIVERSIFY.
YOU WANT TO HAVE DIFFERENT
POCKETS OF MONEY, BUT REALLY,
HAVING ALL YOUR MONEY IN THE
STOCK MARKET HAS A LOT OF RISK.
HAVING ALL YOUR MONEY IS A FIXED
ACCOUNT EARNING LESS THAN 1% HAS
UNDERSTAND BOTH.
IT'S IMPORTANT, IF YOU FIGURE
INFLATIONS BETWEEN 4% AND 8%,
YOU NEED YOUR MONEY TO BE MAKING
BETWEEN 4% AND 8%.
IF YOU'RE MONEY IS NOT
KEEPING PACE WITH INFLATION, OK,
DOWN THE ROAD, YOUR DOLLAR'S
GOING TO BE WORTH LESS THAN
A DOLLAR AND THAT WILL GIVE YOU
A HIGHER POTENTIAL TO RUN OUT OF
MONEY SOONER IN RETIREMENT.
YOU HAVE TO THINK ABOUT IT.
PEOPLE RETIRE AT 65 AND HAVE THE
POTENTIAL TO LIVE AT LONG AS 95.
THAT'S 30 YEARS THEY'RE GOING TO
BE LIVING WITHOUT A PAYCHECK.
VERY IMPORTANT.
THE NEXT THING KIND OF HELPS US
TO GET THERE.
ALL THESE NUMBERS HELP US TO GET
THERE, BUT IT'S THE RULE OF 100.
THE RULE OF 100 IS A RULE
THAT'S BEEN AROUND FOR DECADES.
REALLY, WHAT IT IS, IF YOU TAKE
YOUR AGE AND SUBTRACT IT BY THE
NUMBER 100, WHATEVER NUMBER
YOU'RE LEFT WITH IS THE% OF YOUR
INVESTABLE ASSETS THAT YOU
RISK WITH.
IF YOU ARE 50 YEARS OLD, YOU
TAKE 50 FROM 100 AND THUS 50% IS
TO TAKE RISKS WITH.
THAT'S A RULE OF THUMB.
THERE ARE PEOPLE THAT WOULDN'T
THINK OF ANYTHING BUT HAVING ALL
THEY'RE MOAN AT RISK AND OTHERS
MONEY AT RISK.
THIS IS A GENERAL GUIDE.
A GENERAL RULE OF THUMB.
THE OLDER THAT YOU GET, THE LESS
MONEY THAT YOU SHOULD HAVE AT
THAT'S BECAUSE YOU'RE GOING TO
NEED IT SOONER.
THE OTHER THING IS WHAT'S ONE OF
THE MAJOR DIFFERENCES BETWEEN A
30-YEAR-OLD AND A 70-YEAR-OLD?
AGE?
AGE, THEY HAVE A LOT MORE
TIME, SO THEY CAN AFFORD TO TAKE
MORE RISK AND MOST 30-YEAR-OLDS
HAVE A LOT LESS MONEY THAN THE
AVERAGE 70-YEAR-OLD, SO THEY'RE
TIME.
FORGIVENESS.
OR FOR BUYING AS MARKETS ARE
GOING DOWN AND ACCUMULATING MORE
SHARES AT A LOWER PRICE.
YOU HAVE MORE TIME TO BUY
THAT'S RIGHT.
THAT IS SMART TIPS.
GREAT.
WHEN PEOPLE SIT DOWN WITH YOU,
YOU THROW THE RULES OUT THE
WINDOW, BECAUSE EVERY PERSON HAS
THEIR OWN KIND OF FINANCIAL
TOLERANCES, WHAT THEY WANT TO
IT OUT.
WHAT I TRY TO DO IS TO GET
PEOPLE THINKINGUAL THE LINES OF
THE WAY THAT I THINK.
I DO SEMINARS BASICALLY ON A
WEEKLY BASIS.
ANYBODY 50 YEARS OR OLDER THAT
HAS QUESTIONS ABOUT THEIR
FINANCIERS MAYBE THEY'RE NOT
SURE ABOUT THE PLAN THEY HAVE IN
PLACE RIGHT NOW, IT'S A GOOD WAY
THAT THEY CAN COME HEAR WHAT I
MINUTES.
WE NORMALLY DO IT OVER DINNER,
SO THAT'S OBVIOUSLY A BENEFIT.
DINNER AND A SHOW.
DINNER AND A SHOW, REALLY,
AND IF AT THE END OF THAT 45
MINUTES THEY THINK THAT I MAKE
SENSE, THEN AT THAT TIME, THEY
CAN CHOOSE WHETHER OR NOT THEY'D
LIKE TO COME AND MEET WITH ME.
IF THEY CHOOSE TO MEET WITH ME,
THE COMMITMENT THAT I MAKE IS
THERE WILL BE NO SELLING AT THAT
APPOINTMENT.
IT'S GOING TO BE MORE
ONE-ON-ONE, A PEN, PAD AND
CALCULATOR IF TO FIGURE OUT WHAT
THEY'RE DOING NOW AND IF IT
MAKES SENSE GOING FORWARD.
IT DOESN'T HELP YOU, REALLY,
IF YOU TAKE SOMEONE'S MONEY,
COMFORTABLE.
YOU WANT TO BUILD A CLIENTELE
THROUGH TRUST AND RESPECT.
I'VE BEEN IN BUSINESS 20
YEARS NOW WITH THAT YOU'RE
BETTER OFF TAKING MORE TIME TO
MAKE SOMEBODY A CLIENT RATHER
THAN ARE YOU SURE INTO IT, SO
EXPECTATIONS, AND THEY
UNDERSTAND EVERYTHING WE'RE
DOING AND WHY WE'RE DOING IT.
AND LASTLY, WE HAVE THE
MONITOR GRAPHIC UP THERE EARLIER
FOR EVERYONE.
YOU HAVE A FEW THINGS,
YOUR MONEY.
WE'RE GOING TO DO OUR
DECEMBER PROGRAMS IN SPRINGFIELD
AND THEN IN JANUARY, AT TUCKER'S
IN SOUTHWYCK.
BEST THING TO DO IS CALL THE
OFFICE, TALK TO GEORGE.
HE HAS ALL THE AVAILABILITY.
IT IS BY RESERVATION ONLY,
BECAUSE SEATING IS LIMITED, BUT
I LOOK FORWARD TO MEETING AS
MANY PEOPLE 50 AND OLDER THAT
HAVE QUESTIONS AS POSSIBLE.
THANK YOU, IT'S A PLEASURE TO
HAVE YOU HERE.
YOU CAN VISIT BONDFINANCIAL
SERVICES.NET OR GIVE HIM A CALL