I.Attention Getting Device: Most of you have heard the philosophies that divide people in the world into two groups that qualify you as a type "A" person or as a type "B" person. Some examples of this are democrats vs. republicans, optimists vs. pessimists, and introverts vs. extroverts. However, my question for you today is which type of person are you when it comes to financial planning. Do you take the Scarlet O'Hara approach and say "I'll think about it tomorrow" or in other words--buy now and save later. Or do you adopt the old maxim and live by "a penny saved is a penny earned" and always have something saved up for a rainy day?
A.Point: Today, I would like to show you the importance of saving money and financial investing and some basic steps to accomplish this.
B.Adaptation: In recent years, much attention has been drawn to the benefits of saving money for the future.
C.Credibility: Saving money now can make your future look a little brighter and give you a little less to worry about. Before you can fully understand the benefits of saving and the basic steps to investing, you must first understand what investing actually is. According to Jeff Wuorio's Got Money, investing is giving your money to someone else with the expectation that, over time, he or she will give you back more than you gave him or her (Wuorio, 1999, 34).
D.Preview: Listening to the news and researching my topic has allowed me to realize the benefits that can be gained and the basic steps to reach these rewards.
Transition: Since no one knows exactly what the future holds, being prepared financially for whatever comes your way is definitely important.
I.There are several benefits to saving your money and...