00:00
financial literacy there we go recording in progress um just and some of this will
財務素養，好了，開始錄影了。嗯，只是有些內容對某些人來說可能太基礎了，但我們總是希望從基礎開始，讓大家都能輕鬆上手，而且你知道，這反映了現實生活中的四種金錢類型。嗯，我們都知道收入是什麼，也都知道支出是什麼，希望我們都熟悉「盈餘」的概念，而「緊急預備金」算是盈餘的一個子類別，它是我們多出來、並刻意存下來的錢，確保我們不會輕易動用，這能讓我們未來累積資產，而這也是我們最終要探討的重點：我們希望引導大家了解該如何處理盈餘和緊急預備金，做好事前規劃。嗯，基本上，就像錢只有四種類型一樣，你存放金錢的地方也只有四個。你可以把它埋起來，我祖父就真的這麼做過，他把錢裝在咖啡罐裡埋在後院。嗯，他其實在房子周圍很多地方都埋了錢，所以這是一種比喻性的說法，因為他會把錢，你知道，夾在文件之間，你知道，就是他歸檔在文件夾裡的那些文件，或者放在廚房的盒子裡，但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
00:07
be beneath some of you but we always want to start kind of at a baseline so everyone gets comfortable and just the
可能對某些人來說太基礎了，但我們總是希望從基礎開始，讓大家都能輕鬆上手，而且
00:12
reflection you know real life four kinds of money um we all know what income is we all know what expenses are hopefully
這反映了現實生活中的四種金錢類型。嗯，我們都知道收入是什麼，也都知道支出是什麼，希望
00:19
we're familiar with the idea of surplus and then emergency is kind of a a subcategory of surplus it's what we have
我們都熟悉「盈餘」的概念，而「緊急預備金」算是盈餘的一個子類別，它是我們多出來、並刻意存下來的錢，確保我們不會輕易動用，這能讓我們未來累積資產，而這
00:25
extra that we set aside that we make sure we don't mess up uh that allows us to have Assets in the future and that's
也是我們最終要探討的重點：我們希望引導大家了解該如何處理盈餘和緊急預備金，做好事前規劃。嗯，基本上，就像錢只有四種類型一樣，你存放金錢的地方也只有四個。你可以把它埋起來，我祖父就真的這麼做過，他把錢裝在咖啡罐裡埋在後院。嗯，他其實在房子周圍很多地方都埋了錢，所以這是一種比喻性的說法，因為他會把錢，你知道，夾在文件之間，你知道，就是他歸檔在文件夾裡的那些文件，或者放在廚房的盒子裡，但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
00:32
really where we're going to end up going with this is we want to try to get you into the place where what to do with
真正的目標是，我們希望引導大家了解該如何處理盈餘和緊急預備金，做好事前規劃。嗯，基本上，就像錢只有四種類型一樣，你存放金錢的地方也只有四個。你可以把它埋起來，我祖父就真的這麼做過，他把錢裝在咖啡罐裡埋在後院。嗯，他其實在房子周圍很多地方都埋了錢，所以這是一種比喻性的說法，因為他會把錢，你知道，夾在文件之間，你知道，就是他歸檔在文件夾裡的那些文件，或者放在廚房的盒子裡，但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
00:37
Surplus and emergency money to plan ahead um there are basically just like there's only four kinds of money there's
你存放金錢的地方也只有四個。你可以把它埋起來，我祖父就真的這麼做過，他把錢裝在咖啡罐裡埋在後院。嗯，他其實在房子周圍很多地方都埋了錢，所以這是一種比喻性的說法，因為他會把錢，你知道，夾在文件之間，你知道，就是他歸檔在文件夾裡的那些文件，或者放在廚房的盒子裡，但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
00:45
only four places you can put money uh you can bury it and I had a grandfather that actually did that a coffee can in
只有四個地方可以放錢。你可以把它埋起來，我祖父就真的這麼做過，他把錢裝在咖啡罐裡埋在後院。嗯，他其實在房子周圍很多地方都埋了錢，所以這是一種比喻性的說法，因為他會把錢，你知道，夾在文件之間，你知道，就是他歸檔在文件夾裡的那些文件，或者放在廚房的盒子裡，但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
00:52
the backyard now he buried money lots of places around the house so it's a figurative idea because he' he'd put
他其實在房子周圍很多地方都埋了錢，所以這是一種比喻性的說法，因為他會把錢，你知道，夾在文件之間，你知道，就是他歸檔在文件夾裡的那些文件，或者放在廚房的盒子裡，但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
00:58
money you know in between papers you know that he filed in in a file in a a forwar and he'd put money in a box in
他會把錢，你知道，夾在文件之間，你知道，就是他歸檔在文件夾裡的那些文件，或者放在廚房的盒子裡，但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
01:06
the kitchen but buried is the idea of money that you're the only person who knows where it is and it just sits there
但「埋起來」的概念指的是，只有你自己知道錢在哪裡，它就靜靜地待在那裡。所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
01:12
so it's not earning anything it's not getting spent it's very secure because if you're the only person who knows
所以它不會產生任何收益，也不會被花掉，非常安全，因為如果只有你知道它在哪裡，而且你記得位置，那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
01:18
where it is and you remember where it is then it's very very safe uh the second level would be money that we put in the
那它就非常非常安全。第二層是我們存入銀行的錢。顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
01:25
bank so obviously we all know banks are paying a tiny bit of Interest right now uh my understanding is at least in in
顯然我們都知道銀行現在支付的利息非常少，嗯，根據我的了解，至少在堪薩斯州，儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
01:33
Kansas roughly 0 2% is kind of the going rate in a savings account uh you can get some variety in the cash space if you do
儲蓄帳戶的利率大約是 0.2% 左右。嗯，如果你操作貨幣市場基金或其他一些工具，現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
01:42
money markets and some other things but Bank just thinking basic Bank terms great thing about bank money is up to a
現金部分可能會有些差異，但就基本的銀行條款而言，銀行存款最大的好處是，在任何單一類型的帳戶中，高達 25 萬美元的存款都受到 FDIC（美國聯邦存款保險公司）的保障。所以，比如說，如果你有一對夫妻，其中一方有退休帳戶，但他們兩人都有儲蓄帳戶，而且還有一個共同帳戶，那麼共同帳戶是一種帳戶，IRA（個人退休帳戶）是一種帳戶，夫妻各自的個人帳戶又是另一種帳戶，所以在這種情況下，你就有四個不同的帳戶，而這四個帳戶都可以受到保障。
01:48
quarter of a million dollars is FDIC insured in any one kind of account so like if you have a husband and a wife
所以在任何一種帳戶中，二十五萬美元都受 FDIC 保障，例如一對夫妻
01:56
and one of them has a retirement account but they both have a savings account and they have a joint account so the joint
其中一方有退休帳戶，但兩人都有儲蓄帳戶，而且還有一個共同帳戶，所以那個共同
02:02
account is one kind of account the IRA is one kind of account an individual account for husband and wife are yet
帳戶是一種帳戶，IRA 是一種帳戶，夫妻各自的個人帳戶又是另一種
02:08
another kind of account so you could have in that scenario you'd have four different accounts that could all be
帳戶，所以在這種情況下，你就有四個不同的帳戶，這四個帳戶都可以
02:13
insured up to a quarter of a million dollars if something happens to that bank the government steps in and says
最高可保障二十五萬美元，如果那家銀行出了問題，政府會介入並說
02:18
and here's your money and 0 2% is better than nothing it's not a whole lot more than where you bury your money but it is
這是你的錢，0.2% 總比沒有好，雖然比把錢埋起來好不了多少，但這是
02:26
safe money and now you have some accountability of of Bank holding it that has other programs that you can be
安全的錢，而且現在你持有這家銀行的帳戶，他們有其他方案你也可以
02:33
part of uh the third is Insurance product so Insurance product investing is going to be the kind of thing where
參與。第三種是保險產品，所謂保險產品投資，就是你
02:40
um you are giving money quite literally to an insurance company and they are saying well then we will take the risk
把錢交給保險公司，他們會說，那麼我們來為你承擔風險
02:46
for you and we will give you guarantees and like with everything else a guarantee has an expense and so they're
並提供保證，就像其他所有東西一樣，保證是有成本的，所以他們
02:53
going to charge for the guarantee and they're going to charge for the management of those monies but then
會針對這項保證收費，也會針對管理這些資金收費，但接著
02:57
theoretically you have a protected St stance with that money whether they're taking they could say well we'll give
理論上你的資金就處於受保護的狀態，無論市場如何，他們可能會說，我們每年給你
03:04
you 7% a year and no downside we'll take all the downside risk or any number of formulas like that so if the market is
7% 的報酬，沒有下跌風險，我們承擔所有下跌風險，或是任何類似的公式，所以如果市場
03:11
up 12% you're up seven if it's up 20% you're up seven if it's down 20% you're down zero so that's kind of the space of
上漲 12%，你賺 7%，如果上漲 20%，你賺 7%，如果下跌 20%，你虧 0%，所以這大致上就是
03:18
investment uh in an insurance product space that you can put money it it should theoretically grow more than the
投資保險產品的領域，你可以把錢放進去，理論上它應該會比
03:25
bank it is not as secure in the sense that while they give you guarantees they're not FDIC insured but most
銀行成長更多，就安全性而言，它沒有銀行那麼安全，因為雖然他們提供保證，但這些保證沒有 FDIC 保險，不過大多數
03:33
insurance companies if they go under the way it works is they get bought by the next one and they take on those
保險公司如果倒閉，運作方式是會被下一家公司買下，並承接那些
03:39
responsibilities uh so but I'd say categorically you say a little less safe than a bank um but greater yield than a
責任，所以我會斷然說，它比銀行稍微不安全一點，但收益率比
03:47
bank and may or may not keep up with inflation depending on what inflation you've lived through and what you we've
銀行高，而且可能跟得上通膨，也可能跟不上，取決於你經歷過什麼樣的通膨，以及我們在
03:52
watched in the last few years and the last one is just Investments and Investments come in all shapes and sizes
過去幾年所看到的。最後一種就是投資，投資的形式和規模五花八門，
03:58
and and metal touch on a few of those here in a little bit but uh the goal of an investment pool is going to be where
我們稍後會簡單觸及其中幾種，但投資池的目標是讓你
04:05
you can not only keep up with inflation but beat inflation and uh that again lots of different ways that that uh gets
不僅能跟上通膨，還能打敗通膨，而這again有很多不同的方式，有很多不同的
04:13
spent a lot of different approaches to the investment where you are taking the risk therefore you are getting the
投資方法，你承擔風險，因此獲得
04:19
greatest reward but also you've got all the risk so those are the four places philosophically that money can go there
最大的回報，但也承擔所有風險，所以從理念上講，資金可以流向這四個地方。
04:27
really aren't any others uh having said said that the investment structures and this could be a topic this may be
確實沒有其他了，呃，說到這裡，投資架構這點，這可能是個主題，對您來說，
04:34
interesting to you to look at all the different structures there are uh because we could pick any number of
也許會有興趣去了解所有不同的架構，呃，因為我們可以從中挑選任何幾個，
04:38
these and go back over them later but taxable investing is money that's not in a retirement plan it's not in any kind
之後再回頭探討，但應稅投資是指那些不在退休計畫內的資金，也不在任何能讓這些錢
04:45
of tax wrapper that keeps those monies out of the hands of the tax world so tax money I've got $5,000 I want to invested
免於稅務影響的稅務包裹（tax wrapper）中，所以是稅務資金，我有 5,000 美元想要投資，
04:53
I want to see what it Go grows into um you can do that with the bank and get the 0 2% you can do that with an
我想看看它會成長成什麼樣子，呃，你可以把錢放在銀行，得到 0.2% 的利息，你也可以透過保險公司，
04:59
insurance company can do that with your own investment and the idea is with capital gains then you have two
或是透過你自己的投資來做，而資本利得的概念是，當你進行應稅投資時，有兩種不同的情況，
05:04
different kinds when you do a taxable investment just money that's not tied to any any beneficial tax wrapper um if you
就是那些沒有綁在任何有利的稅務包裹裡的錢，呃，如果你持有時間少於 365 天或更短，
05:13
hold it for less than for 365 days or less it's considered a short-term capital gain and just like when you get
它就被視為短期資本利得，就像當你收到銀行寄來的對帳單上面有你的利息時，那筆利息就像收入一樣，
05:20
a statement from the bank that has your interest on it that that interest is like income so does any short-term T
任何短期資本利得也是如此，而長期資本利得，任何持有 366 天或更久的，就是長期資本利得，
05:26
capital gain now long-term capital gain anything held 366 days or longer is now a long-term capital gain it's a
它屬於不同的稅率級距，不計入你的收入中，是完全分開課稅的，我想去年（我還沒查今年的，我得去查一下），
05:35
different tax bracket doesn't count towards your income it gets taxed wholly separately and I think this this past
去年的數字好像是 84,365，這數字有點隨機，如果你是夫妻合併申報，且收入低於這個數字，
05:42
year and I haven't looked up this year I need to go check that but last year was it was like
你就在長期資本利得的 0% 稅率級距，如果你高於這個數字，你就進入了 15% 的長期資本利得稅率級距，
05:46
84,3 65 it was kind of a random number if jointly you as a couple married filing jointly made less than that you
所以即使如此，對我們大多數人來說，這可能還是比較友善的稅務環境，因為如果你合併申報的收入是 85,000 美元，
05:54
are in the 0% tax bracket for long-term capital gains if you were above that you entered the 15% long-term capital gains
你是在 20% 的所得稅率級距，而長期資本利得可能甚至不到 20%，但如果你再高一點，
06:01
tax bracket so even then it's likely that it is a friendlier tax place for most of us because if you've made
你可能是在 15% 的長期資本利得稅率級距，所以應稅投資有這兩種稅務架構，然後是稅務優惠，
06:10
$85,000 jointly you're in the 20% tax bracket and this you might not even be 20 but if you go up a little higher now
我們有所有的退休計畫，你見過 401K、403b，如果你不知道，401K 是給營利公司的，
06:18
you could be in the 15% tax bracket on long-term capital gain so those two tax structures for taxables and then tax
403b 是完全一樣的退休計畫，只是架構給非營利公司使用，
06:27
advantage you we've got all the retirement plan you've seen the 401K the 403b now if you don't know this 401K is
所以它們基本上是一樣的東西，呃，傳統 IRA 和 Roth IRA，這兩者也有不同的稅務優惠，還有
06:33
a for-profit company the 403b is the exact same retirement plan just structured for a not for-profit company
是營利公司的方案，403b 則是完全相同的退休計畫，只是結構是針對非營利公司
06:39
so they're basically the same thing uh traditional IRA and Roth IRA which have a different tax benefit as well the
所以它們基本上是一樣的東西，呃，傳統 IRA 和 Roth IRA，這兩者也有不同的稅務優惠，還有
06:46
traditional IRA money you put into that kind of disappears for this year's taxes so if you put $1,000 into an IRA and you
傳統 IRA 的錢你放進去後，今年的稅務上就好像消失了一樣，所以如果你放 1,000 美元進 IRA，然後
06:54
go to file taxes at the end of next year and go to April 15th it says did you contribute to an IRA you say yes how
你在明年四月 15 日報稅截止前去申報時，它會問你是否有對 IRA 做貢獻，你說有，金額是 1,000 美元，
07:00
much a th000 they're going to remove that $1,000 from your adjustable gross income and uh so that's the benefit of
他們就會從你的調整後總收入中把這 1,000 美元減掉，呃，這就是傳統 IRA 的好處。
07:07
the traditional IRA the Roth IRA doesn't save you any taxes now you put that ,000 in doesn't go away but in retirement
Roth IRA 現在不會幫你省稅，你放進去的 1,000 美元不會消失，但到了退休時，
07:15
whatever that ,000 grows to that is taxfree income and retirement so those are two tax advantage structures the
不論這 1,000 美元成長到多少，那都是退休時的免稅收入，所以這是兩個稅務優惠的架構，
07:22
simple IRA and the sep uh simple employee pension those two are often used in much smaller companies
簡單 IRA 和 SEP（簡單員工退休金），這兩種常在規模較小的公司使用，
07:30
um one person company's family company but the simpler area is good up to 100 employees but is often used in that
像是一人公司、家庭公司，但簡單 IRA 最多可到 100 名員工，常被用在
07:36
smaller environment and they don't have an overriding cost and most companies you're going to have a 401k and a 403
較小的環境中，而且它們沒有過高的成本，而大多數公司你會遇到 401k 和 403，
07:43
that charges the company of x amount of money depending on the size of company any number of pieces of that contract
這些會向公司收取一定金額，取決於公司規模以及合約的許多細節，
07:48
but those are the different investment structures that we use uh to to help people get to their goals um terms so
但這些是我們用來幫助人們達成目標的不同投資架構，嗯，術語像是
07:56
stock Bond mutual fund and compound interest so you all may know all of these terms that's great but I try to
股票、債券、共同基金和複利，所以大家可能都知道這些術語，這很好，但我試著
08:03
make them super memorizable so I think in terms of stock if you don't know how to describe that or Define that the
讓它們超級好記，所以我認為就股票而言，如果你不知道如何描述或定義它，
08:09
stock is ownership it's all it is you can own Walmart you can own Amazon you can own Billy Joe Jim Bob's diesel Fried
股票就是所有權，就這麼簡單，你可以擁有沃爾瑪，你可以擁有亞馬遜，你可以擁有 Billy Joe Jim Bob 的柴油炸雞，
08:15
Chicken whatever it is you know a little piece of a company and that's what stock is it's ownership bond is looners ship
不論是什麼，你知道，你擁有一家公司的小小一部分，這就是股票，就是所有權。債券則是借貸關係，
08:22
so literally it's where you are loaning money to an entity whether it's a municipality whether it's it's a Walmart
字面上就是你借錢給某個實體，不論是市政單位、沃爾瑪，
08:28
whether it's Billy Joe Jimbo you know you are loaning money to an organization um and an entity and they
還是 Billy Joe Jimbo，你知道，你借錢給一個組織、一個實體，而他們
08:34
are paying you interest on that loan at the end of the terms of that loan they're going to give you your principal
會為這筆貸款支付你利息，在貸款期限結束時，他們會把本金
08:39
back and so depending on the amount of risk that that particular company you what's their financial status if they're
還給你，所以取決於風險程度，那家特定公司的財務狀況如何，如果他們是
08:46
a risky company like Billy Joe Jim Bobs would have to pay you a lot of money in order to borrow your money because you
高風險公司，像 Billy Joe Jim Bob 就必須付你很多錢才能借到你的錢，因為你
08:53
might not think diesel Fried Chicken is a great idea um but maybe you'll like the fact that they're willing to pay you
可能不覺得柴油炸雞是個好主意，嗯，但也許你會喜歡他們願意付你利息這件事。
08:58
$89 10 11% to borrow your money if they're still around and you get your money back where Walmart they're likely
如果他們還在，他們願意付你 8%、9%、10% 或 11% 的利息來借你的錢，而沃爾瑪（Walmart）他們很可能會持續存在，他們可能只能付給你 4%、4.5% 或 5% 的利息來向該公司借款，所以想想所有權和
09:05
to be around they may be able to pay you four four and a half five% for a loan to that company so think of ownership and
債權關係，然後共同基金（mutual fund）是一堆，它是一組持有在一起的股票和/或債券，有各種
09:11
looners ship and then a mutual fund is a pile it's a a group of those stocks and or bonds held together there are all
不同類型的共同基金，我們這裡會稍微提到，但呃，想想
09:21
sorts of different types of mutual funds and and again we'll touch on that a little bit here but uh just think
所有權、債權關係和一堆，你大概就知道一切了。複利是我們的朋友，我們接下來
09:26
ownership loners ship and a pile and you pretty much know everything uh compound interest is our friend and we're going
會在這裡再稍微看一下，我們會看一些關於複利如何運作的數學，
09:32
to look at that a little bit uh here again later we're going to look at some math on how compound interest works and
所以當你的錢用它賺到的錢，以及用那些賺到的錢再賺錢時，隨著時間的推移以及
09:39
so when your money is making money on the money it made and on that money it made and what happens over over time and
那複利增長，有機會讓錢增長，不僅僅是跟上通膨，而是大幅
09:46
over that compounded growth the chance to have money that grows not just and keeps up with inflation but exceeds
超越通膨。嗯，因為這是現在的現實，我們雖然還沒有 2023 年的數據，但你可以看到在那裡
09:52
inflation dramatically um because here's the reality now we don't have 2023 figures yet but you can see there
通膨在很長一段時間內都很無聊，然後在 2021 年和 2022 年我們都
10:01
inflation was pretty boring for a long time and then in 2021 and 2022 we all
覺得痛，而 2023 年雖然不像 2021 年那麼高，但最終結果仍然是比我們很長一段時間以來看到的
10:07
went ouch and uh 2023 is not as high as 2021 but it's going to come out to be still more than we've seen in a long
還要高，所以當我們談到我們的錢在多年內跟上通膨時，這些是現實，過去很
10:17
time so these are the realities when we talk about our money keeping up with inflation for a number of years that was
容易，因為通膨沒那麼高，所以你可以投資國庫券（Treasury bills）或貨幣市場
10:25
easy because there wasn't much inflation and so you could be in Treasury bills or you could be in money money market
帳戶，你甚至可能跑贏通膨，但過去這三年
10:31
account and you might have actually been ahead of inflation but not for the last three
就不是這樣了，所以當這些情況改變時，問題就變成「我有什麼投資，所以我才不會因為跟不上通膨而失去
10:36
years so then when those things change it's a matter of what investments do I have so I'm not losing buying power
購買力」，這就是現實，我正在失去購買力。嗯，所以以下是你的選擇
10:43
because I'm not keeping up with inflation that's the reality I'm losing buying power um so here are your options
當東西變貴時，你的選擇是什麼？我認為只有
10:51
what are your options when things get more expensive I would argue there's only
三個選擇：你可以吃得更少，字面上就是花更少錢，選擇做
10:56
three options you can eat less literally spend less and choose to do
更少的事；你可以在工作上加薪，這可能有用也可能沒用；或者你可以找第二份工作，所以有兩種方式試著
11:02
fewer things you can get a raise at work which may or may not work or you can get an additional job so two ways to try to
創造更多錢，或者就是擁有更少，當生活成本變高時，就只有這些了。
11:12
create more money or or just have less that's that's all there is when when life gets more
創造更多錢，或者就是擁有更少，當生活成本變高時，就只有這些了。
11:19
expensive that's pretty much it which is why we go back to that discussion about how we're making sure our money isn't
這就是為什麼我們會回到那個討論，關於如何確保我們的錢沒有
11:26
falling behind so having said all that now we talk about budget stuff
貶值，那麼說完這些，現在我們來談談預算的事
11:35
okay okay so budgeting the only reason we're really discussing budgeting today
好的好的，所以預算，我們今天真正討論預算的唯一原因
11:41
is in um in reference to that Surplus how do we get the Surplus how do we maintain the Surplus how do we bring it
是，呃，關於那個盈餘，我們如何獲得盈餘，如何維持盈餘，如何把它
11:51
there so that we have something to invest that's the way we're going to beat inflation is by investing either
帶進來，這樣我們才有東西可以投資，我們戰勝通膨的方式就是透過投資，無論是
11:58
investing in you know investing in one of the four places we hold our money but what we're trying to do is create
投資在，你知道的，我們存放資金的四個地方之一，但我們試圖做的是創造
12:04
Surplus so we all understand income and expenses those happen every day right um we could increase income or lower
盈餘，所以我們都了解收入和支出，這些每天都會發生，對，我們可以增加收入或減少
12:12
expenses that's another way to increase Surplus but one of the thing other things we need to do is protect that
支出，這是增加盈餘的另一種方式，但我們需要做的其他事情之一是保護那個
12:18
Surplus first way we have to protect Surplus is with an emergency fund so there are several different ways to look
Surplus 我們保護盈餘的第一種方式是透過緊急預備金，所以有幾種不同的角度可以看待
12:24
at an emergency fund people talk about different amounts really the emergency fund is going to come back to things
緊急預備金，大家會討論不同的金額，其實緊急預備金最終會回歸到
12:31
that you guys are going to be comfortable with the amounts it's not us so there their numbers out there people
你們覺得舒服的金額，不是由我們決定，所以外面有各種數字，有人
12:38
say three to six months of income for an emergency fund but the main way to kind of gauge an emergency fund is how can I
說緊急預備金要準備三到六個月的收入，但衡量緊急預備金的主要方式是，我該如何
12:46
make sure I'm not using my credit card to fund an expense that's come up so whatever that amount is that that's a
確保我不會用信用卡來支付突然發生的支出，所以無論那個金額是多少，那都是一個
12:55
solid place to be in and let's think things like Tires Tires are not cheap right so if you have to go buy a whole
穩固的狀態，讓我們想想輪胎這種東西，輪胎不便宜，對吧？所以如果你必須去買一整
13:01
new set of tires that's probably $600 to $1,000 okay maybe that's the beginning of an emergency fund I need to you know
組輪胎，大概要花 600 到 1,000 美元，好吧，也許這就是緊急預備金的起點，我需要開始
13:10
start thinking through different things that would cause an emergency and coming up with those numbers but that's going
思考可能導致緊急狀況的不同情況，並算出那些金額，但這將會是
13:16
to be the first place you go to why because we don't want to increase our expenses so if we go out and get a
你首先會去的地方，為什麼？因為我們不想增加支出，所以如果我們跑出去取得
13:22
credit get more credit card debt then not only are we paying off what whatever the emergency fund is now we're paying
更多信用、更多信用卡債務，那麼我們不僅要支付原本的緊急預備金，現在還得支付
13:28
off interest so we want to be we want to make sure that we're protecting our Surplus and what the first way to do
利息，所以我們希望、我們要確保我們正在保護我們的盈餘，而第一個方法是
13:34
that is just to have emergency space um another another idea of an emergency fund or emergency space is
擁有緊急空間，嗯，關於緊急預備金或緊急空間的另一個想法是
13:43
insurance it's the same idea but instead of protecting with our own money we're leveraging that by paying a company to
保險，概念是一樣的，但我們不是用自己的錢來保護，而是透過付錢給一家公司來
13:51
protect auto insurance that is definitely protecting through leverage life insurance all of these places are
保障，汽車保險絕對是透過槓桿來保護，人壽保險，所有這些地方都是
13:58
fig figuring out a way to have that emergency fund that's larger than we can maintain and leverage that off health
在想辦法擁有比我們自己能維持的更大的緊急預備金，並利用它來對沖健康
14:05
insurance the main reason why we have health insurance is because what if something bad happens during the year
保險 我們購買健康保險的主要原因是 萬一今年發生什麼不好的事該怎麼辦
14:11
it's not generally because we need someone to pay to go see the doctor two or three times a year right um so so we
通常不是因為我們需要別人幫忙支付一年看兩三次醫生的費用 對吧 所以我們
14:18
have these places to offset this this cost that we can't we can't come up with quickly and then that brings us into the
需要這些地方來分擔我們無法迅速籌措的成本 這讓我們想到
14:27
idea of using credit why do we use credit credit's really good when we have it when it is um when
使用信貸的概念 我們為什麼要用信貸 當我們擁有信貸時 它真的很棒 當
14:36
the credit is is backed up by something we don't want to have credit that's not backed up so if we come down here to
信貸有某種東西作擔保時 我們不想要沒有擔保的信貸 所以如果我們往下看這裡
14:42
debt real quick see we have secured and unsecured and these are the same two sides of the same coin so we are really
債務 很快地看 我們有擔保和無擔保 這就像同一枚硬幣的兩面 所以我們真的很
14:52
really good with secured debt not as good with unsecured debt same thing with credit if we're if we're going out and
擅長處理擔保債務 不太擅長無擔保債務 信貸也是一樣 如果我們要出去
14:59
getting credit as long as we're buying trying to get something that's secured like a house or a car we're going to
申請信貸 只要我們購買或嘗試取得有擔保的東西 像是房子或汽車 我們將
15:04
have a better credit credit rating or we're also going to have better rates so we really just want to use
擁有更好的信用評分 或是我們也能得到更好的利率 所以我們真的只想利用
15:12
credit and debt as a way to leverage for positive pieces that we can keep around those
信貸和債務作為槓桿 用於那些我們能保留的正面資產
15:19
secured pieces like a house and a car and if you look at every time you have a credit card right credit card that rate
像房子和汽車這樣的擔保品 如果你觀察每次你使用信用卡 信用卡的利率
15:27
is something like 177% right that's because it's an unsecured loan secured loans something that's backing it up
大約是177% 對吧 這是因為它是無擔保貸款 擔保貸款則有東西作 backing
15:35
that's going to be a lot better space to be in okay so remember everything we've talked about at this point we'll go all
這將會是好得多的處境 好 所以記住我們目前為止談論的所有內容 我們將一路
15:42
the way back is all about protecting our Surplus emergency funds insurance is another emergency fund and credit and
追溯回去 都是關於保護我們的盈餘 緊急預備金 保險是另一種緊急預備金 而信貸和
15:50
debt we're we you know go out and buy a house and how can we do that but also still maintaining some Surplus now we
債務 我們出去買房子 我們該怎麼做 但同時仍維持一些盈餘 現在我們
15:58
get into the idea do we do with that Surplus we want to invest that money and there are many different ways to invest
我們來思考一下該如何處理這筆盈餘，我們希望投資這筆錢，而投資的方式有很多種
16:04
sometimes at a bank with a CD that's your entry-level investment but there are lots of
有時是在銀行買定存（CD），那是入門級的投資，但還有許多
16:10
different ways to invest and it's looked at as speculation a lot of times it's looked at as a place
不同的投資方式，而這常被視為投機，很多時候它被視為一個
16:18
where hey I'm gambling with my money but we're not we're trying to we're trying to invest at a point we're trying to
好比說「我在拿我的錢賭博」的地方，但我們不是，我們試圖、我們試圖在某個節點投資，我們試圖
16:24
predict what's going to happen and understand where things are going so so when we're investing we're picking
預測未來會發生什麼事，並了解趨勢，所以當我們投資時，我們是在挑選
16:32
out your risk tolerance your risk tolerance is based on who you are as a person where you're at and what your
你的風險承受度，你的風險承受度是基於你是什麼樣的人、你身處何處以及你的
16:41
goals are so if you are young and your 20s or 30s you have a long long time to
目標而定。所以如果你年輕，二十幾歲或三十幾歲，你還有很長、很長的時間可以
16:48
invest right before you might be if it's investing for retirement you have a long time to go and you might be a little
投資，對吧？在你可能（退休前）之前，如果是為了退休而投資，你還有很長的時間，你可能可以稍微
16:54
more aggressive if you're older you might be less aggressive if you're investing
積極一點；如果你年紀較大，你可能就沒那麼積極；如果你是為了
16:59
for a certain object like hey I'm trying to build up enough money so that I can have a down payment on a house once
某個特定目標投資，比如說「嘿，我試著存夠錢，讓我能夠支付房子的頭期款」，那麼
17:05
again we're a little bit less aggressive so investing is speculating when we when we're not involving all these other
我們就會稍微不那麼積極。所以，當我們沒有考量所有其他
17:13
aspects and trying to tailor what we're doing toward our certain goals if we're just going thing uh if we're doing day
層面，並試圖將我們的行為量身訂製以符合特定目標時，投資就是投機。如果我們只是、呃，如果我們在做當日
17:19
trading without understanding what we're doing that might become a little bit more speculating and less um less tall
沖單交易（day trading）卻不了解自己在做什麼，那可能就會變得比較像投機，比較不那麼……
17:27
you know bringing everything into your risk tolerance so as we're looking at our
把一切都納入你的風險承受度考量。所以當我們審視我們的
17:35
risk tolerance and as we're looking at this everything needs to be tailored to the individual person and everything
風險承受度，當我們審視這一切時，一切都需要為個人量身訂製，一切都
17:40
needs to be tailored to your goal as a financial adviser if I have someone sit down across me and they say hey what
需要根據你的目標量身訂製，作為一名理財顧問，如果有人坐在我對面說：嘿，什麼
17:47
what should I invest in we're going to walk through every step say okay what are you trying to do with this money
應該投資什麼？我們會一步步帶領你走過，問：好的，你打算用這筆錢做什麼？
17:52
where you trying to head what's your time and then and then the next question of risk tolerance
你的方向是哪裡？你的時間規劃是什麼？然後接下來是風險承受度的問題
18:00
How concerned are you about the market how often do you look at your accounts if everybody here has
你對市場有多擔心？你多久查看一次你的帳戶？如果這裡的每個人都有
18:06
retirement accounts through their company or they have something they've put away how often are you checking that
透過公司提供的退休帳戶，或是他們有存下一筆錢，你多久檢查一次？
18:12
are you checking it on a daily basis a monthly basis when you get your statement do you read it or you just put
你是每天檢查還是每月檢查？當你收到對帳單時，你會讀它還是直接
18:17
it away that's real quick way to find out what your risk tolerance if you're not checking your
把它收起來？這是快速了解你風險承受度的方法，如果你不常檢查你的
18:24
stuff very often your risk tolerance is a little bit higher because you're not as concerned the more concerned you are
通常你的風險承受度會稍微高一些，因為你沒那麼擔心；你越擔心，
18:31
and and if you are checking at all the time that does not mean that your risk tolerance is low it's just one way to
而且如果你一直在查看狀況，這並不意味著你的風險承受度很低，這只是另一種說法：
18:36
say okay if I'm not checking this at all I'm not as worried about the market I can let it be a little bit more
如果我完全不查看，我就不會那麼擔心市場，我可以讓它稍微積極一點，
18:42
aggressive and through the ups and downs I'm not going to be concerned and I'm going to stick through the
經歷起伏時我不會感到憂慮，我會堅持到底。
18:47
course the next thing you need to understand about investing and it's not on this slide but the next thing we need
接下來你需要了解關於投資的事，雖然不在這張投影片上，但我們需要了解的下一件事是，
18:53
to understand is that a lot of people when they invest they tend to pull things out at the wrong time s so the
很多人在投資時，往往會在錯誤的時間出場。所以，
19:00
S&P 500 over the last I think uh 30 years has averaged around 12% per year
過去 30 年（我想）標準普爾 500 指數平均每年大約 12%，
19:07
but the advi or the investor return is two and a half the investor return is two and a half yes okay so the
但「投資者回報」卻是 2.5（百分比）；「投資者回報」是 2.5（百分比），是的。所以，
19:17
investor return is sitting quite a bit lower at two and a half um and that has everything to do with the fact that
「投資者回報」低得多，只有 2.5（百分比），這完全歸因於
19:24
people are pulling pulling money at the wrong time so the more concerned you are let's make sure that we're putting you
人們在錯誤的時間把錢撤出。所以，你越擔心，我們就越要確保把你放在
19:30
in a portfolio that's going to work for you as opposed to putting you in a spot where you're concerned about ups and
一個適合你的投資組合中，而不是把你放在一個讓你對市場起伏感到憂慮的位置，
19:34
downs and you're not you're seeing that go up and down and it makes you want to pull your money at the wrong time the
看到它上下波動，讓你想在錯誤的時間把錢撤出。
19:42
only way we're going to make money in investing is to buy low and sell High first way you can buy low and sell high
我們在投資中賺錢的唯一方法是低買高賣。你可以低買高賣的第一種方法是
19:48
is you buy and you hold on to it till it gets up to High um or you you rebalance
買進並持有直到它漲到高點，或者你每年透過買低賣高來進行再平衡。
19:56
every year by buying and selling buying low and selling high but if you if you buy low and then it goes lower that's
但如果你在低點買進，然後它跌得更低，那不是賣出的時機，
20:05
not a time to sell even if it feels like it is it's not a time to sell so the next idea of how we can figure out what
即使你覺得應該賣，那也不是賣出的時機。所以，關於我們如何找出
20:13
we need to be investing in is with what type of port or what type of um mutual fund we're looking at a growth and
該投資什麼的下一個想法，是看我們在看哪種類型的基金或哪種類型的共同基金：成長型、
20:21
income or stability fund growth would be growth would be something along the lines of you know you're expecting it to
收益型或穩定型基金。「成長型」指的是，你預期它會
20:29
continue going up like an Apple stock Apple everybody expects Apple to continue to move up and to continue to
繼續上漲，像蘋果股票 Apple，大家都預期 Apple 會繼續上漲，
20:35
be worth more right um an income piece would be something that's paying a dividend either either dividend off of a
繼續變得更有價值，對吧。「收益型」的部分則是支付股息的東西，不管是股票股息還是
20:43
bond or dividend off of a dividend producing stock and then stability would be
從一檔會配發股息的股票上取得債券或股息，而穩定性則是
20:49
something that has much less growth but we know it's not going to go up or down quite a
指增長較少，但我們知道它不會大幅上漲或下跌的標的，而這些要素在
20:55
bit and these pieces all come into play as we're investing depending on where we're at if you're young we're going to
我們投資時都會發揮作用，取決於我們所處的階段。如果你年輕，我們會
21:04
be mostly in growth as you get older we're going to bring some of that income in and a little bit of stability to kind
大部分投資於成長型資產；隨著年齡增長，我們會納入部分收益型資產和一點穩定性，以
21:10
of flatten out the curves the ups and downs especially as you start to take money
撫平曲線的起伏，特別是當你開始提領
21:16
out okay and tax deferral we talked about tax deferral earlier in this slide you're going to see that $10,000 over 30
資金時。關於遞延稅收（tax deferral），我們在這張投影片之前談過遞延稅收，你會看到那 10,000 美元在 30
21:26
years of tax deferral get you about a $20,000 difference and that that means that if I
年的稅收遞延下，會讓你多出約 20,000 美元的差異，這意味著如果我
21:34
invested $10,000 and didn't invest another dime and it grew at 6% rate it's going to get to 57,000 if I don't tax
投資了 10,000 美元，不再投入任何其他資金，且它以 6% 的利率增長，它會達到 57,000 美元；如果我
21:43
and 38 if I do get taxed every year so if I'm in a retirement account that green Line's G going to be where I'm at
沒有遞延稅收，而如果我每年都要繳稅，則會變成 38,000 美元。所以如果我在退休帳戶中，那條綠線將是我會達到的位置
21:50
versus the blue line if I'm in a non-retirement we need to invest in both at times but you can see why we're going
相對於藍線（非退休帳戶）。我們有時需要同時投資兩者，但你可以明白為什麼我們
21:57
to push people to tax referal if we can okay Ryan you're going to come talk about this part again and I think what
會鼓勵人們盡可能利用稅收遞延，對吧？Ryan，你要再來談這一部分，我想你
22:04
you need to do is bring this up and do do a visual
需要做的是把這個叫出來，並為大家做個
22:11
display for them yeah okay so we're going to talk about compound interest and show you real life
視覺展示。好的，我們要來談複利，並向你展示它在現實生活中
22:19
way it would it works at least in a smooth curve compound interest calculator and so this is a great
是如何運作的，至少是在平滑曲線的複利計算機中。這是一個很棒的
22:28
exercise you can do for your kids your grandkids your neighbor if you just type in your search engine compound interest
練習，你可以為你的孩子、孫子或鄰居做，只要在搜尋引擎輸入「複利
22:34
calculator the first one that comes up most of the time for me do that is uh it's um investor.gov it's the
計算機」，大多數時候第一個跳出來的，對我來說是 investor.gov，那是
22:44
government's website and so it's you know no one's trying to sell anything it's just
政府的網站，所以你知道，沒有人試圖推銷任何東西，它只是
22:48
strictly research and so what I like to do with this particularly I I tell you what if you are if you're watching do
純粹的研究。所以我特別喜歡這樣做，我告訴你，如果你正在看，你介意
22:56
you mind typing in your age and let let Alina know if she can see it I kind of want to work with somebody's real age if
輸入你的年齡並讓 Alina 知道她是否看得到嗎？我想用某個人的真實年齡來操作，如果
23:03
we can um is that that makes it more interesting more applicable but uh let's just say um I I'll start working our way
我們可以這樣做的話，嗯，那會讓它更有趣、更實用，但呃，我們就假設嗯，我開始用我們的方式來...
23:12
through this and if we get a number coming up then we'll we'll punch that in uh initial investment we're going to say
透過這個方式，如果出現一個數字，我們就會把它輸入進去。初始投資我們會說
23:17
everyone is starting with with no cash well they're they' figured out was a way for me to put money away but I'm going
每個人開始時都沒有現金，嗯，他們有想出一個幫我存錢的方法，但我打算
23:23
to start with zero in an investment and we're going to say what if somebody has the ability
從零開始投資，我們會說，如果某人有能力
23:29
to invest $50 a month and then alen have we had anyone type an age in yet uh yes
每月投資50美元，然後艾倫，我們有人輸入年齡了嗎？嗯，有
23:36
34 35 39 34 60 and 53 mostly in 30s okay we're g we're going to start with the 34
34、35、39、34、60和53，大部分是30多歲，好的，我們就從34歲開始
23:45
year old so we're going to say the 34 year old and we're going to say whichever one of you is 34 we're going
所以我們會說這個34歲的人，我們會說你們之中誰是34歲，我們就讓你
23:50
to retire you today you're going to be 65 today and you're retiring today so we're going to do this for 31 years and
今天退休，你今天65歲，你今天退休，所以我們會運算31年，並且
23:57
we're g to use the interest rate of 10% we're going to say a variance of 2% now statistically as Matt said earlier last
我們會使用10%的利率，我們會說變動率為2%。根據麥特稍早說的，統計上
24:06
30 years actually the last 95 years the S&P 500 is averaged somewhere around 12 12 and a half% a year so 12 is a viable
過去30年，實際上是過去95年，標普500指數的平均年報酬率約在12%到12.5%之間，所以12%是一個可行的
24:13
number 10 is as well eight is an easy number to hit so we always try to calculate things that are our real life
數字，10%也是。8%是一個容易達到的數字，所以我們總是試著計算一些在現實生活中
24:20
meaningful things so here's somebody who they figure out $50 a month they're 34 years old they did it for 31 years and
有意義的事情。這裡有一個人，他們算出每月50美元，他們34歲，持續了31年，
24:27
they average 10% % a year it's $109,000 that got accumulated now I'm going to hover up to the top you see that top
平均年報酬率是10%，累積了109,000美元。現在我要把滑鼠移到上面，你看到頂部
24:34
little One there if we gotten 12% instead 162,000 same amount of money went in it went from $50 a month from
那個小東西了嗎？如果我們得到12%，那就是162,000美元。投入的金額一樣，從每月50美元，
24:44
$19,000 to instead 162 now what we're going to suggest is whichever one of you is is 34 we're going to go back and say
總投入19,000美元，結果變成162,000。現在我們要建議的是，你們之中誰是34歲，我們回過頭來說
24:52
what if instead of what if what if whichever one of you 34 has a a little brother or sister that's three years
如果，你們之中誰是34歲，有一個小三歲的弟弟或妹妹會怎樣，
24:58
younger so we're just going to add three years to that 31 years make it 34 so we've added an additional $1,800 is gone
所以我們就在那31年上加3年，變成34年，所以我們多投入了1,800美元，
25:06
in 50 bucks a month for three years and we just run the same illustration again that 109 with an extra
每月50美元，持續三年，我們再跑一次同樣的圖表，原本的109,000加上額外的
25:14
$1,800 in creates an extra $38,000 coming out and if we go to that 12% number instead of 10 now you're
1,800美元投入，創造了額外的38,000美元出來。如果我們改用12%的數字而不是10%，現在你
25:22
looking at $230,000 I don't think we see anything other oh oh you know what we didn't
看到的是230,000美元。我以為我們沒看到其他東西，哦哦，你知道嗎，我們沒有
25:30
share that screen all right oh yeah that's right okay all right let me see
分享那個畫面，好吧，哦對，沒錯，好的，讓我看看
25:38
here let's go yeah I'm sharing the previous screen I bet are you all what what screen are you all seeing right now
這裡我們開始，好的，我正在分享之前的畫面，我猜你們都... 你們現在看到的是什麼畫面
25:46
retirement starts now okay yeah yeah okay so you're seeing this one here all
退休現在開始，好的，好的，好的，所以你們看到的是這個畫面，全部
25:53
right well fooy it was really dramatic let's see the green up here screen sharing and
好，嗯，Fu（可能是某個功能或人名），真的很戲劇性，讓我們看看這裡綠色的畫面分享
26:05
change which one we're using maybe I'm G to stop sharing and then I'm gonna share a
並更改我們正在使用的畫面，也許我會停止分享，然後我會分享一個
26:14
different one and all that will start to make a little more sense all right here we
不同的畫面，這樣一切就會開始變得更有道理一些，好的，這裡我們
26:23
go now do you see my investor.gov one okay um so that's that's actually what I was
開始，現在你們看到我的 investor.gov 嗎？好的，嗯，這其實就是我剛才
26:32
just illustrating so you can see again now there's the chart that I can see that I wasn't showing you sorry about
在說明的，所以你們現在可以再看到，這是我能看到的圖表，但我剛才沒展示給你們看，抱歉
26:38
that um but there's the 34 years there's little brother little sister you know they're they're just a little bit behind
關於這點，嗯，但這裡是 34 年，有小弟和小妹，你知道他們只是稍微落後一點
26:45
and I'll go back and and reflect the other one here we'll go back and look at the 31
我會回過頭來，展示另一個畫面，我們會回過頭來看看 31
26:52
years and so back to our 34y old they just generate 9,000 but again on this chart
年，然後回到我們的 34 歲，他們剛好產生 9,000，但再次在這張圖表上
27:01
as you now you can see what I'm pointing to when I highlight that blue button that's that 12% figure that's showing
如你們現在所見，當我 highlight 那個藍色按鈕時，你們就能看到我指的是什麼，那是 12% 的數字，顯示出
27:07
the 162,000 so that's the same money in just getting a 12% average instead of a 10%
162,000，所以這同樣的錢，只要獲得 12% 的平均報酬率，而不是 10%
27:13
average um now what would it take I'm going to go back to the 34 year we're going to go to little brother little
的平均報酬率，嗯，那需要什麼條件呢？我要回到 34 年，我們要來到小弟、小妹
27:19
sister here and show you that number and then say okay well comparatively if I wanted to get to
這裡，展示那個數字給你們看，然後說，好吧，相對來說，如果我想要達到
27:25
$147,000 but I didn't want to start now let's say I wait 15 years you know how how long is it going to take me to to
147,000 美元，但我不想現在開始，假設我等 15 年，你們知道我要花多久時間才能
27:34
generate the same amount money so let's get so we're just going to cut it in half 34 years we're going to change it
賺到同樣數量的錢嗎？所以讓我們... 我們直接把它減半，34 年我們改成
27:38
to 17 years and instead of $50 a month we're going to say 300 so if we decided to wait 17
17 年，然後不是每月 50 美元，我們改成 300 美元，所以如果我們決定等 17
27:47
years we have to put $300 a month in to do the same thing that $50 a month was going to do if we had started at the
年，我們每個月必須投入 300 美元，才能達到同樣的效果，也就是如果我們一開始就開始，每月 50 美元所能達到的效果
27:55
beginning so again time value of money is is a remarkably powerful thing you can see the curve on this is much less
所以再次強調，貨幣的時間價值是個非常強大的概念，你們可以看到這張圖的曲線遠不如
28:02
dramatic than the previous one as far as the asset growing it's just not as dramatic you have to put way more money
上一張來得戲劇性，就資產增長而言，它就是沒那麼戲劇性，你必須投入多得多的錢
28:09
in to create the same traction I want to do one more illustration so I'm going to assume some of you have
為了建立同樣的觀念，我想再舉一個例子。假設你們有些人有小孩，
28:15
kids so we're going to go we're going to go back to $50 a month and let's say let's say you have a a a
所以我們回到每月 50 美元。假設你有一個 10 歲的孩子，
28:24
10-year-old and you've decided your 10-year-old can mol lawns and we're going to have them start their work
你決定讓你 10 歲的孩子去修剪草坪，我們讓他們在 10 歲時開始工作，
28:30
career at 50 bucks a month that they're putting in and so we're going to make that 55 years so they have started 50
每月存入 50 美元，持續 55 年。所以他們從 10 歲開始每月存 50 美元，這聽起來怎麼樣？
28:40
bucks a month when they're 10 years old how do you like that
245.
28:46
number 1.1 million that that idea of time value of money is striking and that's only if we're doing the 10% if we
結果是 110 萬美元。複利的概念就是如此震撼。而且這還是在假設 10% 報酬率的情況下。如果我們
28:54
go up here and illustrate the 12% to $2.5 million and this is actually now
提高到 12% 的報酬率，就會變成 250 萬美元。這實際上是
29:02
obviously markets you all know markets don't just have nice even curves like that that's not how it works instead
顯而易見的。市場你們都知道，市場不會像那樣呈現平滑的曲線，實際運作不是這樣的。
29:08
they they Jag up and down and they have big drops and big climbs what's interesting is actually that is to your
市場會上下波動，有大跌也有大漲。有趣的是，這在複利遊戲中
29:13
advantage in the compound interest game because if you are putting money in regularly if you're putting that 50
其實對你有利。因為如果你定期投入資金，每個月投入那 50 美元，
29:20
bucks in every month and the prices shoot up you're buying less at the expensive price if the M markets plummet
當價格飆升時，你在高價位買到的數量較少。如果市場暴跌，
29:28
your $50 is buying more at that same price and because you're buying less at the high price and more at the low price
你的 50 美元在同樣的價位可以買到更多。因為你在高價買得少，在低價買得多，
29:35
over lifetime a real life illustration actually works better than this because you've gotten what's called better
在一生當中，實際的案例會比這更好，因為你得到了所謂的「更好的」
29:40
dollar cost averaging you're getting a better average price for the same stuff it's kind of like buying things on sale
平均成本法（Dollar Cost Averaging）。你用更好的平均價格買到了同樣的東西。這有點像在打折時購物，
29:47
you want to buy on sale you don't try to buy when they first come out at the highest price you wait till they're on
你想在打折時買，而不是剛上市價格最高時買。當你是每月定期購買者，
29:51
sale when you're a monthly purchaser and you're doing this regularly you're getting a better deal than the person
你持續這樣做，你得到的交易條件會比那些
29:57
who just says and here's a pile of money right now so um great illustration for kids because it is powerful and dramatic
拿出一大筆現金的人更好。所以，這對孩子來說是個很棒的示範，因為它既有力又戲劇性，
30:06
and uh just wanted to show you that again investor.gov this is their compound
我想再次展示給你們看。這是 investor.gov 的
30:10
interest calculator it's a great thing to teach kids grandkids neighbors whoever wants to listen you can look
複利計算機。這是教導孩子、孫子、鄰居或任何想聽的人的好工具。你可以
30:16
like a genius and tell people how to become a millionaire at 50 bucks a month uh so then I'm going to stop sharing
看起來像個天才，告訴人們如何靠每月 50 美元成為百萬富翁。那麼，我就要停止分享畫面了。
30:23
this one and put it back on the other one we'll turn things back over to Matt
把這個放回去另一個上面，我們把主導權交回給 Matt
30:33
here okay okay so that's the idea here
好的，好的，概念就是這樣
30:40
on compounding interest well no longer
關於複利，現在不再
30:50
cooperating there we go it does if I do that okay so what kind of a retirement do you want
配合了，好了，這樣可以，如果我這樣做，好的，那麼你想要什麼樣的退休生活
30:59
just like we have to tailor our portfolios to what kind of investor we are and we have to tailor what we're
就像我們必須根據投資者類型來調整投資組合，我們也必須調整我們在
31:04
trying to do in terms of our aggressive stance we also need to kind of have an idea of what we're trying to hit in
積極程度方面的策略，我們也需要對退休後想要達成的目標有個概念
31:11
retirement if you have no idea what you want to do in retirement no place you want to go you're probably going to hit
如果你完全不知道退休後想做什麼，想去哪裡，你很可能會錯過
31:17
that because you didn't have any Cho you know you didn't have anything set up but if you have a goal we probably should
因為你沒有任何選擇，你知道，你沒有做任何規劃，但如果你有目標，我們應該
31:23
start to identify some of that goal and then you can actually work towards a goal versus just kind of going I don't
開始確立一些目標，然後你就可以朝著目標努力，而不是只是說我不知道
31:31
know we'll see what we see when we get there but retirement isn't really something we want to wait until we get
等到時候再說，但退休生活不是我們想等到真正退休時才要思考的事
31:36
there to figure out we at least want to start to save money and have an idea of how much we want to live on another
我們至少要開始存錢，並對退休後想靠多少錢生活有個概念
31:42
thing that's really interesting about retirement nobody we've been doing this for a while nobody comes to me in in
關於退休還有一件很有趣的事，我們做這行一段時間了，從來沒有人在退休時
31:48
retirement and says hey I want to live on less money than I'm living on now almost always they want to continue
對我說，嘿，我想過比現在更少錢的生活，他們幾乎都希望繼續
31:54
living the same lifestyle they're living right now so you have to figure out how are you going to replace your
維持現在的生活方式，所以你必須想清楚要如何彌補你的
32:01
income these are things we have to actually start preparing for now versus later so how long do you want to retire
收入，這些都是我們現在就必須開始準備，而不是以後才做的事。那麼你想退休多久
32:09
where do you want to retire what do you want to do in retirement how long will retirement last that's kind of an
你想在哪裡退休，退休後想做什麼，退休生活會持續多久，這是一個
32:14
interesting question that we really can't answer but look at your family history that'll give you an idea of how
很有趣但我們真的無法回答的問題，但看看你的家族史，那會讓你對
32:20
long family members have last if everybody in your family has lived to 99 it's good chance you need to prepare for
家族成員活了多久有個概念，如果你家每個人都活到 99 歲，那你很可能需要為
32:26
a long retirement right if people are not living anywhere close to that long well let's start start
很長的退休生活做準備，對吧？如果家人沒有活到那麼久，那麼我們就開始
32:33
planning for some retirement and see where we can go but we still want to we still want to have that idea ahead of
為退休做規劃，看看能達到什麼目標，但我們仍然希望提前有這個想法
32:38
time we still want to try and set a goal up so that we can get there but these are the questions you have to start
我們仍然要嘗試設定一個目標，這樣才能達成它，但這些是你必須開始問自己的問題，
32:43
asking yourself so that you can create that goal we discussed tax advantage savings
這樣你才能制定那個目標。我們討論過了節稅儲蓄，
32:51
and where we want to go the the better way to get to retirement is through tax advantage savings through an Ira or a
以及我們想去哪裡。通往退休的更好途徑是透過節稅儲蓄，透過 IRA 或是
32:58
Roth IRA or your company plan but you still need to have things that are non-retirement for other
羅斯 IRA（Roth IRA），或是你的公司退休計畫，但你仍然需要為其他
33:06
savings however in this space when we're talking about retirement or we're talking about long-term saving we want
儲蓄準備一些非退休用途的東西。然而，在這個領域，當我們談到退休或長期儲蓄時，我們希望
33:12
to use utilize as much tax advantage savings as we can because if you remember oh I'm going way too far
善用盡可能多的節稅儲蓄，因為如果你記得，哦，我講得太遠了，
33:22
sorry if you remember the difference between those tax savings right there we we really want to utilize that green
抱歉，如果你記得那些節稅方式的差別，我們真的很想利用那條綠線
33:29
line for retirement so let's go open up a Roth or let's go open up a traditional iray so that we can start to save right
來做退休規劃，所以讓我們去開一個羅斯 IRA，或是去開一個傳統 IRA，這樣我們就可以開始為退休
33:38
now for retirement okay that's pretty much everything we were
現在就開始儲蓄。好了，這大概就是我們要講的全部內容了。
33:44
going to go over are there questions um you may want to put your
還有問題嗎？嗯，你可能想把你的
33:53
questions in the chat if you don't want to speak up yeah and them cuz this is the best slide the
問題打在聊天室裡，如果你不想發言的話，是的，把它們打進去，因為這張投影片是最好的，
34:12
disclaimer it really is the one we like to sit on yeah I guess one of the things I could
免責聲明，這真的是我們最想強調的一點。是的，我想有一件事我可能
34:26
have touched on a little better so when we're talking about uh some of those tax savings Vehicles a 529 and a utma are
可以講得更清楚一點。當我們談到一些節稅工具時，529 和 UTMA 是
34:34
different ways to shift tax burden you actually do get some tax incentives particularly in Kansas in the 529 but
不同的轉移稅負方式，你實際上會得到一些稅務優惠，特別是在堪薩斯州的 529，但
34:41
both of them do different things for your tax structure as you send kids off to college and and live life so those
這兩者在你送孩子去上大學和過生活的同時，對你的稅務結構都有不同的作用，所以這些是
34:46
are small tax break areas traditional IRA uh retirement plan at work those are the big ones but these are little ones
小額的節稅領域。傳統 IRA 或工作上的退休計畫，那些是大頭，但這些是小額的，
34:53
that can go along well and and those are specifically geared towards children where the bigger ones are for you so so
可以相輔相成，而且這些是特別針對孩子的，而比較大的那些是為你自己準備的。所以，
35:02
we have a question uh what's the basic cost of living for a retired person that's a great question well do
我們有一個問題，退休人士的基本生活成本是多少？這是個很棒的問題，嗯，
35:11
you want to buy a small European country or do you want to live in a a one-bedroom place but it's a really it's
你是想買一個小型的歐洲國家，還是想住在一個一居室的地方？但這真的是一個
35:19
a very great question and that's actually now you're asking a heavier question about financial planning and so
非常好的問題，而這實際上是你在問一個關於財務規劃更深入的問題，所以
35:25
you know what do you live on right now that's a great number to start with say that's probably going to be very close
你現在的生活開銷是多少，這是一個很好的起點數字，說出來可能非常接近
35:31
to what you're you're doing in retirement uh sometimes people say things like hey I'm going to retire and
你退休後的花費。有時候人們會說，嘿，我退休後收入會減少，稅率級距會變低，
35:35
then my income will come down and I'll be in a lower tax bracket but once again people like to continue the same
但再次強調，人們通常希望維持原本的生活方式，
35:41
lifestyle they have so your income is probably not or you don't want your income to come down because you're
所以你的收入可能不會（或你不希望）減少，因為你已經
35:46
accustomed to that lifestyle so your your expenses are generally going to be close to what they are right now maybe
習慣了那種生活水準。所以你的開銷通常會跟現在差不多，也許
35:53
minus a house payment or some of these other pieces that don't apply as much um but you're probably not sending kids
少掉一筆房屋貸款或某些較不適用的支出。但你退休時大概不會再
36:00
through college when you're retired right hopefully hopefully or or having child care costs but things you will
供應孩子讀大學了，對吧？希望如此，或者不用再支付托兒費，但退休時你仍然會有
36:06
still have in retirement in terms of costs you're still going to buy cars right so you're still going to have a
一些開銷，例如你還是會買車，所以你還是會有
36:11
car payment or you're going to have to be saving for your next car you might not you might not drive as much but
車貸，或者你必須為下一輛車存錢。你可能開車沒那麼多，
36:16
you're still driving you're still moving around so some things that people associate with hey I'm retired I don't
但你還是會開車，還是會移動，所以有些費用，人們以為退休後就沒有了，
36:23
have this cost that's not always true so close to what you're doing now like Ryan said and and I would say your age is a
這並不總是正確的。所以就像 Ryan 說的，接近你現在的開銷。而且我會說你的年齡也是
36:29
matter too so if it's a 34 year old saying what's the right number well if you take today's number and so one of
一個因素。如果是 34 歲的人問，多少數字才合適？嗯，如果你拿今天的數字，我們之前沒提到的一點是
36:35
the things we didn't cover is this thing called the rule of 72 so it's a math equation that says what what's money
所謂的「72 法則」，這是一個數學公式，用來計算錢在
36:40
going to be worth like in the future and what will it become so if you took $50,000 now at the rate of if you said
未來的價值會變成多少。所以如果你現在有 5 萬美元，假設通膨率是，
36:49
inflation is averaging what what have they saided the last few years they said we're at five now uh like
他們過去幾年說的平均是多少？他們說現在是 5%，呃，
36:55
3.5 I think the average oh the a the so if you took last three years let's say the last three years have averaged 5%
3.5% 我想是平均值。哦，是這樣，如果我們看過去三年，假設過去三年平均 5%，
37:02
it's probably a little higher than that but you go 72 divided five okay well that's we kind of we can figure that
可能比那高一點，但你用 72 除以 5，好吧，這就是我們可以算出來的
37:08
math out and so that number is going to end up being roughly 15% and so or that's the amount of time your money
數學，所以那個數字最終大約是 15%，也就是你的錢
37:17
will take to double you take the interest rate 5% 72 divided by that okay so 15 15 years is how long it's going to
翻倍所需的時間。你拿利率 5%，72 除以它，好，所以 15，15 年就是錢翻倍
37:24
take for money to double so if I'm 34 I know by the time I'm 47 that cost of living is going to
所需的時間。所以如果我現在 34 歲，我知道到了 47 歲，生活成本會...
37:32
double so my 50,000 needs to be 100 by that however at 2% which is where the government's trying to get interest rate
所以我的五萬需要變成十萬，然而在百分之二的利率下——也就是政府試圖將利率拉回的水準
37:40
back to that means it's going to double in 35 years so now our 34 year old at age 70 if they're living on 50,000 now
這意味著資金需要三十五年才能翻倍。因此，這位三十四歲的人到了七十歲，如果他們現在靠五萬生活
37:47
then you live on a 100 then so that's another simple way to start your math start with today's money figure out how
那麼到時就得靠十萬生活。這是另一個開始計算的簡單方法：從今天的金額開始，算出
37:54
long till retirement now you've got an idea of how long did it take that money to double what do I need to live on to
距離退休還有多久，然後了解錢翻倍需要多久時間。我需要多少錢才能維持
37:59
live the same way I live now then so hopefully that's a little bit helpful uh another question where do you
現在的生活水準？希望這對你有點幫助。另一個問題是，你該去哪裡
38:08
buy stock from it's a good one you so two places
買股票？這是個好問題。有兩個地方
38:16
there are places like Robin Hood or um you know a personal brokerage firm you can go into you can create your own
像 Robin Hood 這樣的平台，或是個人經紀商。你可以開立自己的
38:22
account and you can go shop for yourself or you can talk to a financial advisor um someone who is a broker dealer who's
帳戶，自己選購；或者你可以諮詢理財顧問，也就是經紀自營商
38:30
going to do that but you're going to go through some sort of a broker at that point um mostly because you can't go out
來處理，但這時你得透過某種經紀人，主要是因為你無法親自
38:35
on the floor and buy yourself they have licenses for these things but um but generally speaking you can go sign up
到交易大廳購買。這些都需要執照，但一般來說，你可以
38:42
for your own own account on a online website that'll allow you to buy it yourself or
在允許自行下單的網站上註冊自己的帳戶，或者
38:50
you can talk to an individual Financial professional who will buy stock for you and I think a lot of that comes to your
你可以找一位個人理財專業人士幫你買股票。我認為這很大程度上取決於你的
38:57
personality profile do you love the idea of doing your own research picking your own thing or two and saying I've carved
個性特質：你是否熱愛自己做研究、挑選標的，然後說「我開創了
39:05
my own path or are you somebody who says I don't have a clue and I really don't want to do this myself I just know I
自己的道路」？或者你是那種「我完全不懂，也不想自己動手，我只知道我
39:12
have to do something and so those are two very different answers and so use a professional if you don't know your way
必須做點什麼」的人？這兩種答案截然不同。所以，如果你不懂門道，就該使用專業服務。但如果你
39:20
around it but you figured out yeah I got 10 bucks a month I can do something I can start building future um use a
想清楚了，例如「我一個月有十塊錢，我可以做點事，開始為未來鋪路」，那就找個
39:26
professional find a professional who doesn't have a minimum that's going to be a wide variety of people uh some
專業人士。找一個沒有最低資金門檻的專業人士，這類人很多。有些
39:32
places have no minimum some places say you got to have $5,000 or $25,000 I got a there's a business not far from us
機構沒有最低要求，有些則要求五千或兩萬五千美金。我知道離我們不遠的一家公司
39:39
they require you have $300,000 before they will do your their work for you so you find somebody who will work with
要求你有三十萬美金才願意為你服務。所以你要找一個願意配合你現有資金的人
39:44
what you have available and you start there or you do your own research and you you you head down that road and
從那裡開始；或者你自己做研究，然後朝那條路前進。
39:51
again understand so buy a stock is a little different from buy a mutual fund you can do both yourself but remember a
再次強調，購買股票與購買共同基金有些不同，兩者都可以自己操作，但請記住
39:58
mutual fund is going to have 40 to 140 stocks Andor bonds rather than having to pick the one right thing you're saying
一檔共同基金通常包含40到140檔股票或債券，與其必須選中那唯一正確的一檔，你是在說
40:05
there's a professional out there who said this mutual fund has these things in this stripe that fit my personality
有專業人士評估過這檔共同基金的配置符合我的特質
40:11
my risk profile I don't have to pick I'm letting them pick and I'm not banking everything on one company so other
我的風險承受度，我不需要自己選股，我讓他們幫我選，而且我不會把所有資金押在一家公司上，所以針對
40:18
things to think about along the lines of that question uh could you please repeat the
剛才那個問題，還有其他需要思考的地方嗎？呃，能否請你再說明一次
40:24
benefits of tax deferral versus the other one okay sure so the big value of tax deferral is
延後繳稅相對於其他方式的好處？好的，當然可以，延後繳稅的最大價值在於
40:38
that you so in a in a non-retirement account you're paying taxes every year on capital gains if you have a mutual
一般非退休帳戶中，你每年都要為資本利得繳稅，如果你持有一檔共同基金
40:46
fund they kick that out to you um at the end of the year the capital gains and you'll pay a little bit of tax on that
基金公司會在年底將資本利得分配給你，你需要為此繳一點稅
40:52
or every time you pull money out to use it you're going to get taxed in this tax deferred piece whenever
或者每當你贖回資金使用時，都會被課稅，但在延後繳稅的機制下，無論何時
41:00
you're buying or selling a a mutual fund to rebalance your account or a stock you don't pay taxes on that until you pull
你買進或賣出一檔共同基金來重新平衡你的帳戶，或是買賣股票，你都不需要立即繳稅，直到你將資金
41:07
the money out okay so that tax deferral means that that's not getting smaller every time you're rebalancing or every
提領出來時才需要繳稅。所以延後繳稅意味著，無論你何時重新平衡或
41:14
time you're moving around pull money out in retirement pull money out in retirement that's correct um so that tax
何時進行資金調度，都不會讓帳戶規模縮水，直到退休時提領資金才需繳稅，是的。因此延後繳稅
41:19
deferral is allowing you to not have to continually chip away at it even though it's growing it's not getting slightly
讓你不必因為帳戶持續成長，卻要一直被扣款，它不會在每次
41:26
chipped away every time um a good example is you know kind of like a bar of soap every time you touch that bar of
操作時都被一點點侵蝕。舉個好懂的例子，就像一塊肥皂，每次你碰那塊
41:33
soap it's going to get smaller right well tax deferrals magically keeping the bar of soap from getting smaller from
肥皂，它就會變小，對吧？而延後繳稅就像神奇地阻止了肥皂因為稅務而
41:39
taxes every time thank you do we have any more
變小。謝謝。我們還有
41:47
questions anybody and and if not Elena if you
其他問題嗎？各位？如果沒有的話，Elena，
41:57
don't mind if they have questions they think of later and they respond to you with them you can just give them our
如果你不介意，若他們之後想到問題，可以再回覆你，你可以直接給他們我們的
42:03
email or our phone number and they can give us a call anytime at their Leisure well would you like to share
電子郵件或電話號碼，他們可以在方便時隨時打給我們。那麼，你現在想分享
42:10
your information now sure sure so phone number here 785 537
你的資訊嗎？好的，好的，這裡的電話號碼是 785 537
42:19
4505 and your email uh matthew.
4505 和你的電子郵件，呃，Matthew。
42:26
Bishop Beyond wealth advisors.com and my is ryan.
Bishop Beyond wealth advisors.com，我是 Ryan。
42:28
Hadden Beyond wealth advisors.com so beyond Wealth Advisors is our professional practice um AF is our
Hadden Beyond wealth advisors.com，所以 Beyond Wealth Advisors 是我們的專業事務所，嗯，AF 是我們的
42:34
volunteer that's how we we just go teach but uh if you reach out to us you'll reach us through that professional and
志工，我們只是去教學，但如果你聯絡我們，你會透過那個專業管道聯絡到我們，而且
42:40
there's no charge to ask questions so right right yeah don't worry about that anything else pop
提問是免費的，所以對對對，別擔心那個，還有其他突然冒出來的問題嗎？
42:50
up a question about the rule of 74 so it's s I me 72 72 divide by the
關於 72 法則的問題，所以是 S I me 72，72 除以
43:01
inflation is you yeah either inflation or the rate of return you think you can get like somebody like we use that
通膨率，對，通膨率或是你認為可以獲得的報酬率，像是我們使用
43:08
illustration of 12% in compounding interest so you okay 72 divided by 12 that is five okay so that means every
12% 複利的圖示，所以你好的話，72 除以 12 是五，好的，這意味著每
43:16
five years my money is going to double sorry that's six my money is going to double every six years so yeah you're
五年我的錢會翻倍，抱歉是六，我的錢每六年會翻倍一次，所以對，你要嘛拿
43:23
taking either the number of years you want to have your money double and divide by that or the interest rate
你希望錢翻倍的年數除以它，或是拿你支付的利率
43:28
you're either paying or think you can make on an investment but that interest rate whether it's you're trying to
或是你認為投資能賺到的利率，但那個利率，無論你是試圖
43:34
calculate inflation for the what we talked about yeah you go with inflation and make that number you know that tells
計算我們談過的通膨，對，你用通膨率來算，那個數字你知道它告訴
43:39
me how long it's going to take my money to double but if you're saying I've got I found an investment I think I can make
我我的錢需要多久才會翻倍，但如果你說我找到一項投資，我認為我可以賺到
43:45
30% a year the cost to dou yeah the cost to double if I can make 30% a year I'm going to double my money in every 2.
每年 30%，翻倍的成本，對，翻倍的成本，如果我每年能賺 30%，我每 2.
43:52
3ish years so uh again figure out your interest rates you're either paying or you think you can earn and divide or the
3 年左右就能讓錢翻倍，所以呃，再次強調，算出你要支付的利率或是你認為能賺到的利率，然後除以
44:00
number of years you need your money to double and divide that and then say that's my target I got to make that
你需要錢翻倍的年數，然後除以它，接著說那是我的目標，我必須達到那個
44:04
interest level and I always wanted to ask this question about uh compound
利率水準，我一直想問這個問題，關於呃圖表上的複利
44:12
interest on charts like this it looks great uh the more you invest the longer you keep
利息，它看起來很棒，嗯，你投資越多，持有時間越長
44:20
it the more money you get but what about down sides like uh recession and you lose pretty much all your money and then
你得到的錢就越多，但像是經濟衰退這種下行風險怎麼辦，你幾乎損失了所有的錢，然後
44:30
you have to start from the beginning okay actually we don't have a good one of that in this in this presentation but
你必須從頭開始，好的，實際上我們在這個簡報中沒有很好的例子，但是
44:38
the reality is it's not just markets going down but inflation will decrease your value anything you have out there
現實情況是，不僅僅是市場下跌，通貨膨脹也會降低你手上任何資產的價值
44:45
as well so the interest rate we're saying goes up Works down with inflation the very same way but as far as what
同樣地，我們所說的利率上升，會以同樣的方式壓低通膨，但關於如果市場下跌會發生什麼事，我們回頭談談
44:52
happens if the market goes down go ahead and talk us back through you know uh just the whole idea of of getting out in
關於在錯誤時間進出場的概念，是的，所以請記得我們談過標準普爾 500 指數在過去
44:58
and out wrong time yeah so so remember we talked about the fact that the S&P 500 has averaged over 12% over the last
30 年平均報酬率超過 12%，Ryan 說甚至更久以前也是，所以如果平均是這樣，那意味著有好年份也有壞年份，對吧
45:06
30 years and Ryan said even further back so if it's averaging that that means there's good years and bad years right
所以如果市場下跌，而你的價值低於你投入的金額，這不是賣出的好時機，所以你必須
45:13
so if the market is down and your value is lower than what you put in it's not a good time to sell so you have to
在退休時規劃你的帳戶，我們希望以一種你仍然有收入保障的方式來規劃
45:21
structure your accounts in retirement we'd want to structure that in a way that you're still protected for income
但讓我們假設這不是退休規劃的對話，而是退休前，對吧，所以你 64 歲，我們正處於
45:28
but let's assume this isn't a retirement conversation this is just before retirement right so you're 64 and we're
下跌的市場，而你心想「我打算 65 歲退休，但我現在不能這麼做，所有東西都在跌」，這不是真的
45:35
in a down market and you're thinking I'm going to retire at 65 I can't do it now everything's down that's not true
因為市場隨著時間推移會回升，它總是會回升，只是取決於你還得等多久
45:41
because the Market's going to come back up over time it has always come back up it just depends on how much longer you
它才會回升，所以我們不想做的是低賣，我們想高賣，所以我們等待，或者我們
45:48
have to wait for that to come back up so what we don't want to do is sell low we want to sell high so we wait or we
以一種我們可以讓它繼續發展並高賣的方式來規劃，我們還有另一部分，我們有
45:56
structure things in a way that we can let that continue to go and sell high and we have another piece over we have
另一部分放在旁邊，以稍微更保守的方式運作，嗯，但一般來說
46:03
another piece to the side that's functioning a little bit more conservatively um but generally
除非你買的是像便士股票那種東西，否則你不會持有一檔價值歸零的股票，你
46:10
speaking unless you're buying like penny stocks you're not going to be in a stock that loses all of its value and you've
賠光一切，這種事一般不會發生在股票上，即使是 IBM 這種過去的大股票
46:18
lost everything that doesn't happen with stocks generally speaking even IBM which you was a huge stock in the past is
現在仍然是一檔股票，你仍然可以持有它，它仍然在發放股息，它仍然存在，所以
46:26
still a stock around and you still can have it and it's still paying dividends and it still has still is out there so
你不會失去一切，我們可能處於不好的部位，你可能持有一檔糟糕的共同基金或股票，我們
46:32
you're not going to lose everything we might be in a bad piece you might be in a bad mutual fund or a bad stock and we
必須交易並移動，但一般來說，我們想做的是有更好的市場擇時能力，等待它
46:38
have to trade and move around but generally what we want to do is have better Market timing wait for it to
回復，然後再行動，這並不意味著如果你處於下跌市場的中段，而這些特定的股票或
46:45
recover and then go that doesn't mean that if you're in the middle of a Down market and these particular stocks or
共同基金表現不佳，它們沒有展現出應有的表現，好的，我們可能會移動，我們可能會交易，但我們不想
46:52
mutual funds are bad they're not showing what they should be doing okay we might move we might trade but we don't want to
共同基金表現不佳，它們沒有展現出應有的表現，好的，我們可能會移動，我們可能會交易，但我們不想
46:58
generally take out at a low we want to let it recover and I would reflect much the
我們通常在低點買進，希望讓它回升，我的想法也差不多是這樣，
47:05
same so this is why we are mostly 98 99% in the mutual fund space or at least in the structured product space because the
所以這就是為什麼我們 98%、99% 的資金都在共同基金領域，或者至少是在結構型商品領域，
47:14
idea of putting all your money on Amazon well that was great last year but they're very overpriced now what happens
因為把所有錢都押在亞馬遜上，這在去年確實很棒，但現在它們的價格實在太高了，如果
47:19
if they go if they drop in half all your money is there you're losing half of your asset base you haven't lost money
它們跌了一半，你的所有錢都在那裡，你就會損失一半的資產，你並沒有真正虧錢，
47:27
until you pull money out of the market you've lost value so if you've bought 10 shirts you own 10 shirts shirts can be
直到你把錢從市場中抽出來，你損失的只是帳面價值。所以如果你買了 10 件襯衫，你擁有 10 件襯衫，
47:34
worth less or maybe they can be worth more but you still own 10 shirts that's the same thing you own 10 shares of
襯衫的價值可能會變少，也可能會變多，但你仍然擁有 10 件襯衫。這道理是一樣的，你擁有 10 股
47:40
Amazon or Walmart or anything else you own those shares if the value goes down you're worth less in those shares for
亞馬遜或沃爾瑪或任何其他公司的股票，你擁有那些股票，如果價值下跌，你這些股票的淨值在
47:47
now but you still own the same 10 shares so you only lose money when you or make money when you pull money out of the
當下是變少了，但你仍然擁有同樣的 10 股。所以你只有在把錢從市場中抽出來時才會虧錢，
47:54
market and thus the buying and selling that we do is to try to accomplish making sure that people are not securing
或者賺到錢，因此我們進行的買賣操作，是為了確保人們不會在
48:00
losses that's why we wait but again mutual fund versus stock means I'm not all in one spot I've got 40 140 300 500
處於虧損時賣出，這就是為什麼我們會等待。但再次強調，共同基金與個股的不同在於，我不會把所有資金押在一個地方，我有 40、140、300、500
48:10
different Holdings spread out across different sectors of the market so could the market lose everything it could this
筆不同的持倉，分散在市場的不同領域，所以市場有可能會全部歸零嗎？有可能，
48:16
never happened if that happens we probably don't have a country anymore and our
但這種事從未發生過，如果真的發生了，我們可能也不再有國家了，而我們的
48:22
investments don't matter a great deal at that point potatoes probably matter potatoes
投資在那時也就不那麼重要了，馬鈴薯可能更重要，馬鈴薯、
48:27
water and ammunition yeah you know um but uh I mean those are the realities is you can't really lose everything unless
水和彈藥，嗯，你知道的，但這就是現實，你不可能真的全部歸零，除非
48:34
you sell when it's down or when something has lost y but uh but again spread out over lots of things is a
你在下跌時賣出，或者在某樣東西已經損失時賣出，但同樣的，分散投資在許多不同的東西上，
48:42
great way to not lose yeah think think of the market like an elevator you you might get out at a
是一個避免虧損的好方法。把市場想像成一部電梯，你可能會在
48:48
lower floor you have a couple bags of groceries you have to get out of the lower floor do you want to walk those
較低的樓層出來，你提著幾袋雜貨，你必須從較低的樓層出來，你想走樓梯
48:54
stairs back up or do you want to wait for the elev to come back um so that you can ride back up so you want to stay on
爬回去，還是想等電梯回來，讓你可以搭電梯上去？所以你想在可以的時候待在
49:01
the elevator when you can but ride the elevator up don't don't get off and walk up the stairs stay on let it come back
電梯裡，搭電梯上去，不要走出來走樓梯，待在裡面，讓它回到
49:09
to the floor you want to be at any more questions and I would reflect Elena if
你想要的樓層。還有任何問題嗎？我會反思一下，艾琳娜，如果
49:24
if some of them say well I'd like them to answer such and such if people start asking questions of you or asking for
如果有些人說，嗯，我希望他們能回答某些問題，如果人們開始向您提問或要求
49:30
topics you can say we'd like to learn about this we'd be glad to come on and focus in another Financial space A lot
主題，您可以說我們想了解這個，我們很樂意上線，並聚焦在另一個金融領域。很多
49:36
of times our next visit is looking at all the different types of you know everything from Bond all the way up to
時候，我們的下一次訪談將會檢視所有不同類型的，您知道，從債券一直到
49:43
single stock mutual funds in between a lot of different Stripes of cash Holdings people can have kind of more
單一股票基金，中間還包含許多不同類型的現金持有，人們可以更
49:49
into the the granular what are the actual places I can go invest money this was very general our second step is
深入地了解，我可以去哪些實際的地方投資錢。這一次非常概括，我們的第二步是
49:55
usually to get more spefic spefic and give you very very usable examples of different aspects of where you can
通常會更具體，並給您非常非常實用的例子，說明您可以
50:01
invest money but again people have questions we're glad to address those in another
投資錢的不同方面。但再次強調，如果人們有問題，我們很樂意在另一次
50:07
session okay well thank you very much it was very informative and very interesting and I wish we would ask more
訪談中解答。好的，非常感謝您，這非常有資訊含量也很有趣，我希望我們能問更多
50:16
questions this was a great amount actually you've got an A stute bunch they asked good questions and sometimes
問題，這其實很棒，您遇到一群很敏銳的聽眾，他們問了很好的問題，有時候
50:22
you get one or two you add a more lively bunch so good bunch well thank you very much
您會遇到一兩個比較活躍的群體，總之是個很棒的群體，非常感謝
50:30
everyone time hope you have a great day thank you too and we will see you next time thank you thank you
大家的時間，祝您有美好的一天，也謝謝您，我們下次見，謝謝，謝謝。
