meeting your financial targets. But whatever stage of life you’re in, you can achieve your financial goals by faithfully adhering to a master plan. be
For more information on DOFE, or to sign up for the 2001 Financial Fitness Contest, go to www.blackenterprise .com. You can also call 877-WEALTHY to get a complete list of all 10 DOFE principles, you
r free Wealth Building Kit, and details on our contest.
Nicole and Kevin Simpkins
Financial Snapshot:
- Paid off $3,000 in credit card debt
- Created emergency fund, current value = $3,500
- Bought shares in CitiCorp. and Dell Computers
- Started investment program in growth and aggressive-growth mutual funds
Jennifer Jones
Financial Snapshot:
- Paid off balance of one credit card
- Started saving approximately $300 a month
- Invested $2,900 in employee stock options
- Opened an IRA account invested in mutual funds
- Readjusted asset allocation mix to meet retirement goals
Laurie A. Henry
Financial Snapshot:
- Paid off two store credit cards and a Visa account, reducing debt by $1,100
- Opened a money market account and is practicing dollar-cost averaging
- Increased contributions to 401(k) retirement plan
- Invested $1,500 in equity mutual funds
Sondra Helenese
Financial Snapshot:
- Paid off about $1,100 in credit card debt
- Curtailed spending on unnecessary items
- Plans to invest $2,000 in mutual funds and open an IRA account
- Brushed up on investment education
Phillip And Jamie Lomax
Financial Snapshot:
- Paid off $2,300 in credit card debt- zero balance
- Invested $500 of contest prize in Home Depot via a DRIP (dividend reinvestment plan)
- Jamie “maxed out” her 401(k) plan at 15% of her $32,000 salary
- Phillip opened Roth IRA
Anre And Lasharn Faush
Financial Snapshot:
- Slashed their previous $3,800 credit card debt in half
- Started $100 automatic monthly deposits into money market account
- Invested $2,000 winnings in equity growth and aggressive growth mutual funds
- Opened Roth IRA account to jump-start their children’s education fund
