Pay It Off - Promo - Kim Snider

http://www.kimsnider.com

Pay It Off was a multi-part series featuring retirement investment advisor Kim Snider, debt-guru Dave Ramsey and CNBC's Suze Orman, run by the NBC affiliate (KXAS), in Dallas, Texas in 2006. This is the promo they ran as a teaser. The series was nominated for a local Emmy.

In her book, How to Be the Family CFO, Kim Snider outlines four simple steps to putting your financial house in order. They are plan prudently, save prodigiously, invest wisely and manage risk. This series focused on the first two - plan prudently and save prodigiously.

Warren Buffett has a saying, "When the tide goes out, we find out who has been swimming naked." Academics have categorized 63 different financially disruptive events we might experience during our lifetime, including divorce, loss of a job, disability or illness, having to care for a family member and others. Having large amounts of credit card debt and little or nothing in savings is swimming naked. When a financial disruption occurs, there is no safety net, no margin for error. That is when people get in to trouble.

In this series, Kim Snider outlines a four-step plan for getting those debts under control so you have control of your life. 1) Change your attitude about money - just because you have it doesn't mean you spend it. 2) Be entrepreneurial - look for other ways to make money outside of your job. 3) Save for what you want - don't buy on credit. 4) Invest your money - max out your contributions to 401(k), 403(b), SIMPLE and other similar employer-sponsored plans. At a bare minimum, make sure you are contributing enough to get a full company match.

Snider says, "If you want a secure retirement, that will last you 30 years into the future, it all starts with savings. You can't invest and grow what you don't have."




Fine Print: Nothing contained herein should be construed as a recommendation to buy or sell a security or to provide investment advice.  All investments involve risk including possible loss of principal.  Our goal is your financial success.  Individual results may vary. Complete information can be found on our website at kimsnider.com or by calling 1-888-6SNIDER.

Category:

Education

Tags:

• Kim Snider
• Dave Ramsey
• Suze Orman
• How to be the Family CFO
• Warren Buffett