During the past twenty years there has been enormous growth in access to investment markets as never seen before. There is a cell phone application to execute most any transaction you would like to create.
This includes sending and receiving cash at home and/or abroad, as well as buying assets to build up your nest egg.
Bank savings accounts, certificates of deposit, money markets, mutual funds, stocks, bonds, and the relatively new consideration, cryptocurrencies, are examples of investment opportunities.
However, first things first. How do you establish a plan to generate savings in the first place? Studies show most Americans struggle to come up with even a few hundred dollars in an emergency situation.
Your DFI is initiating partnerships with national vendors to help to remedy the issue of building savings and wealth.
Our plan is to create accessibility to financial planning for our members on an on-going basis in a manner that is sustainable, effective, personal, and transparent.
When you enroll in one of these programs you will have the option of directly interacting with a planner to organize your finances. The objective will be to identify funds you may have available and if not, create funds you can begin to save and subsequently invest for your success.
Further, it is our goal to anonymously measure the results achieved by this programming. We believe the opportunity is not a small one. In fact, 1,000 families each setting aside $100,000 total over 10 years’ time would result in some one hundred million dollars in wealth creation. If that sounds far-fetched just think that sum of money, ($100,000), might pay for only two years enrollment at Howard University at that time.
Clearly, this is an age that demands this type of programming become reality.
The CME Church must advance in leadership in financial literacy.
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Journey on Entourage with the DFI this August 10 returning August 22 to the GREAT MOTHERLAND of Akwa Ibom State, Nigeria & Ghana. Details to follow (passport/VISA required).
– Victor Taylor
CFO & General Secretary of Finance & Investment
Department of Finance & Investments
Christian Methodist Episcopal Church