Money Mangement Counseling Yankton SD
First Dakota National Bank/Ray
Mon-Fri 08:00 AM-05:00 PM
Kahler Financial Group
Rapid City, SD
Real Estate Investments, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Planning Issues for Business Owners
NAPFA Registered Financial Advisor, CFP®, ChFc, MSFP
Avail Wealth Management, LLC
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Education Planning
Average Net Worth: $1,000,001 - $5,000,000
Average Income: $100,001 - $250,000
Profession: Self-Employed Business Owners
IPI Wealth Management
Mon-Fri 08:00 AM-06:00 PM
Sat 08:00 AM-12:00 PM
Mon-Thu 08:30 AM-04:00 PM
Fri 08:30 AM-05:30 PM
Thrivent Financial for Lutherans
Capital Financial Services
Areas of Specialization
Business Succession Planning, Charitable Giving, Estate Planning, General Financial Planning, Retirement Income Management
3 Money Management Tips for Teens
School’s out, and millions of teens have taken summer jobs. Jonathan Carr, founder of Choose Success – a non-profit dedicated to promoting financial literacy amongst adolescents – offers 3 Tips for Helping Teens Handle Money Responsibly.
Tip #1 Build Wealth: Time is Your Friend; Use It!
Teenagers are incredibly powerful investors, not because they usually have a whole lot of money to manage, but because they have something even more valuable: time. They have the power of compounding interest, which Albert Einstein called the most powerful force in the universe.
If a person starts putting away only $20 a week at age fifteen, and does it every week, they can easily retire with a million dollars, with only average earnings on that money over time. To show the power of being fifteen, if that person waits ten years and starts saving $20 a week at age twenty-five, that million dollars will be reduced to $450,000 by retirement age. Make life easier, start saving early and save a little each week.
Tip #2 Don’t Get Poor: Stay in School and Study Hard.
More education means more money, which means more fun, which means more happiness. It is that simple. If you want to have a fun and happy life, stay in school as long as you can. Getting a high school diploma increases our average pay by twenty five percent.
Tip #3 Don’t Get Poor: Having Children.
Having a child as a teenager is the easiest way to throw ourselve...