The 702j Retirement Plan PBRG

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T`jt Ricf ie Iur ^fjofrs Jrf Rjyghd Jniut t`f 4<>(k) ^ftgrfcfht \ajh ‑G `jvf usfo t`f 4<>(k) ^ftgrfcfht \ajh strjtfdy eir t`rff yfjrs hiw. _`f ihf t`ghd G bjh tfaa fvfryihf gs; Gt privgofs erffoic! G aivf usghd gt. G aivfo gt si cub` t`jt G pfrsihjaay nfbjcf agbfhsfo ti sfaa gt. ‑G pfrsihjaay `jvf twi ie t`fsf jbbiuhts jho `jvf tjmfh ivfr jaa ie cy ofnt wgt` t`fc gh gh ihay twi yfjrs. yfjrs. Nfghd Nfghd jnaf ti agvf, agvf, sjvf, sjvf, ghvfst, ghvfst, jho dft dft iut ie ofnt jaa jt t`f sjcf tgcf wgt` ihf hjhbgja prioubt gs j erffoic.–‟Tjof N. ‑G stjrtfo twi ie t`fsf jbbiuhts nfeirf yiu fvfh punags`fo ghei jniut t`gs uhnfagfvjnaf wfjat`-nugaoghd prioubt... Cy ihay rfdrft gs G ogo hit afjrh jniut t`gs prioubt gh cy >(k) ^ftgrfcfht \ajh. G sft up j 4<>(k) ^ftgrfcfht \ajh sfvfrja yfjrs jdi jho gccfogjtfay uhofrstiio t`f piwfr ie t`gs pridrjc… ‑_`frf jrf si cjhy nfhfts wgt` j 4<>(k) ^ftgrfcfht \ajh. Gt‗s ihay agcgtfo ti ihf‗s gcjdghjtgih. T`jt‗s gcpirtjht ti uhofrstjho gs t`jt t`gs pridrjc wirms. Gt rfqugrfs sicf ogsbgpaghf, nut fvfryihf fvfryihf wì trgfs t`gs wgaa nf `jppy wgt` gt. G hi aihdfr `jvf ti ofja wgt` t`f njhm eir j aijh. Jho jetfr t`rff yfjrs ie oighd t`gs, G oih‗t rfjaay strfss ivfr hjhbfs jhycirf.–‟ înfrt B. ‑Wiur 4<>(k) ^ftgrfcfht \ajh rfsfjrb` `js rfjaay `gt ìcf eir cf. Mffp up t`f drfjt wirm. Wiu `jvf dgvfh cf pafhty ie eiio eir tìud`t. Nfbjusf































‑_`gs gs j drfjt rfsiurbf. G‗vf ipfhfo twi jbbiuhts wgt` yiur fhbiurjdfcfht!–‟Oih \. ‑G jpprfbgjtf _ic‗s fhtùsgjsc eir t`f 4<>(k) ^ftgrfcfht \ajh. Jniut :< yfjrs jdi, G wjs aubmy fhiud` ti afjrh jniut t`gs. Ihf ie t`f rfjsihs gt‗s hit si wgofsprfjo gs t`jt gt‗s hit sfxy, gt‗s hit gccfogjtf, jho gt rfqugrfs sicf sbja ogsbgpaghf ivfr tgcf.–‟Kjcfs E. ‑Gh cy bjsf, G `jvf turhfo 55, jc sfcgrftgrfo, jho jc aiimghd jt puaaghd cy ?<:(m) jpjrt jho civghd gt ghti j 4<>(k) ^ftgrfcfht \ajh. Jetfr pjyghd t`f tjxfs ti Vhbaf Rjc, G bjh sjefay wgt` pfjbf ie cgho cjmf cihfy ih cy hfw sjvghds jbbiuht.–‟\jua C.































_ic Oysih































Bipyrgd`t © ><:6 ny t`f \jac Nfjb` ^fsfjrb` Driup Jaa rgd`ts rfsfrvfo. Hi pjrt ie t`gs punagbjtgih cjy nf rfprioubfo ir trjhscgttfo gh jhy eirc ir ny jhy cfjhs, fafbtrihgb ir cfb`jhgbja, ghbauoghd pìtibipyghd, rfbiroghd, ir ny jhy gheircjtgih stirjdf jho rftrgfvja systfc, wgtìut pfrcgssgih gh wrgtghd eric t`f punags`fr.

\unags`fo ny; _`f \jac Nfjb` ^fsfjrb` Driup Ofarjy Nfjb`, Eairgoj www.pjacnfjb`driup.bic Fogtfo ny;

































Jniut t`f \jac Nfjb` ^fsfjrb` Driup _`f \jac Nfjb` ^fsfjrb` Driup gs jh ghofpfhofht hjhbgja punags`ghd bicpjhy njsfo gh Ofarjy Nfjb`, Eairgoj. Gt punags`fs vjrgius jovgsirgfs t`jt privgof stibm, iptgihs, jho ghbicf rfbiccfhojtgihs‟js wfaa js hihcjrmft wfjat`-nugaoghd jovgbf‟ti cirf t`jh 46,<<< sunsbrgnfrs. T`fh eiuhof eiuhofrs rs Cjrm Cjrm Eiro Eiro jho _ic Oysih Oysih ajuhb`f ajuhb`fo o \jac \jac Nfjb` Nfjb` ^fsfjr ^fsfjrb` b` Driup gh ><::, t`fy wjhtfo ti brfjtf j punags`ghd bicpjhy uhagmf jhy it`fr. Cist hjhbgja jovgsirgfs jrf agttaf cirf t`jh stibm ‑tgp s`ffts.– Cjrm jho _ic `jo j ogfrfht vgsgih eir t`fgr bicpjhy. _`fy wjhtfo ti privgof sunsbrgnfrs j bicprf`fhsgvf wfjat`-nugaoghd pajh= ihf t`jt wiuao dugof rfjofrs jaihd t`f pjt` ti rfja, sustjghfo hjhbgja prispfrgty. _i t`gs fho, Cjrm jho _ic eibusfo t`f \jac Nfjb` ^fsfjrb` Driup ih t`rff mfy jrfjs… sjef ghbicf, sjef driwt`, jho bicprf`fhsgvf 25<-ofdrff wfjat` nugaoghd. Rpfbgbjaay, t`fy‗vf bicnghfo _ic‗s fxpfrgfhbf gh t`f hjhbgja cjrmfts wgt` Cjrm‗s subbfss js j sfrgja fhtrfprfhfur fhtrfprfhfur jho rfja fstjtf ghvfstir ghvfstir ti jb`gfvf t`fgr dija‟j ìagstgb, wfjat`-nugaoghd punags`ghd bicpjhy. Rfrvgbfs hiw ghbauof; • • • • •

Rtibm cjrmft ghvfstcfhts (aihd-tfrc jho trjoghd) Bjs`-dfhfrjtghd iptgihs strjtfdgfs ^fhtja rfja fstjtf ghvfstghd strjtfdgfs ‑Iutsgof t`f cjrmft– gofjs eir dfhfrjtghd joogtgihja jbtgvf ghbicf Brfogt rfpjgr strjtfdgfs

































































Jniut t`f Jutìr _ic Oysih gs t`f punags`fr ie t`f \jac Nfjb` ^fsfjrb` Driup. _ic niud`t `gs rst stibm w`fh `f wjs :: yfjrs iao, jho `f `js nffh nffh stuoyghd t`f jrt ie ghvfstghd jho spfbuajtghd fvfr sghbf. _ic drjoujtfo eric t`f Vhgvfrsgty ie Hittghd`jc, gh t`f Vhgtfo Mghdoic. @f‗s j cfcnfr ie t`f B`jrtfrfo Ghstgtutf ie Cjhjdfcfht Jbbiuhtjhts, ihf ie Nrgtjgh‗s tip jbbiuhtghd niogfs. @f wfht ih ti wirm eir niho trjoghd ofsms jt Rjaicih Nrit`frs jho Bgtgdriup. Eir t`f pjst sgx yfjrs, _ic `js spfht `gs tgcf rfsfjrb`ghd jho wrgtghd jniut bihsfrvjtgvf ghbicf ghvfstcfhts jt Rtjhsnfrry ^fsfjrb`. @gs ghbicf-eibusfo hfwsafttfr, _`f :>% Afttfr, Afttfr, wjs ihf ie t`f cist pipuajr jovgsirgfs gh Jcfrgbj. @f stgaa ìaos sfvfrja ie t`f ‑tip :<– spits gh Rtjhsnfrry‗s `jaa ie ejcf eir `gd`fst djghs ih `gs rfbiccfhojtgihs. _iojy, _ic afjos t`f \jac Nfjb` ^fsfjrb` Driup, w`gb` gs hit kust j stibm cjrmft ghvfstcfht jovgsiry, nut j ìagstgb, 25<-ofdrff wfjat`-nugaoghd sfrvgbf.

































































Bihtfhts ................. ................. ................. .................. .................. ................. ................. .................. .................. .............. ..... : Ghtrioubtgih ........ .................. .................. ................. ................. .................. ........... 6 \jrt :; Ghbicf eir Agef Vhbivfrfo ......... Mhgef ie Eghjhbgja Jbbiuhts ................. 4 B`jptfr :; _`f ‑Rwgss Jrcy– Mhgef Wiur Cihfy ............... :6 B`jptfr >; _`f Rjefst \ajbf ih t`f \ajhft eir Wiur Bfhtury-Aihd _rjbm _rjbm ^fbiro ^fbiro ie Ogvgofhos ..................... ................. .... >6 B`jptfr 2; J Bfhtury-Aihd

B`jptfr ?; @iw ti Vsf t`f G^R‗s CFB ûaghd ti Wiur Jovjhtjdf ...... >7 ................. .................. .................. ................. ................. ............. 22 \jrt >; Ghbicf eir Agef Fxpajghfo ........ 6-Cghutff \rgcfr........ ................. .................. .................. ................. ................. ............. 26 B`jptfr 6; _`f 6-Cghut ..................... .... ?: B`jptfr 5; Ghsgofr Rfbrfts‟Rajs`ghd Effs up ti 4<% ................. Ogsjovjhtjdf ............... ?4 B`jptfr 4; ^fvfjafo; Ghbicf eir Agef‗s Ihay Ogsjovjhtjdf

\jrt 2; Ghbicf eir Agef Ofbiofo… Wiur _ip Zufstgihs Jhswfrfo .......62



































................. ......... 0: \jrt ?; Jh Ghtfrvgfw Tgt` t`f Tirao‗s _iud`fst _iud`fst Rmfptgb ........ Wiu9 ............... 02 B`jptfr :>; Ghbicf eir Agef; Oifs Gt Cjmf Rfhsf eir Wiu9 ................. .................. .................. ................. .............. ...... :<6 \jrt 6; \rfssghd t`f ‑Rtjrt– Nuttih ........ E fjturf Wiu Wiu Hffo ti B`jptfr :2; _`f @goofh Efjturf Mhiw Jniut Nfeirf Rtjrtghd ................... ...................................... ...................................... ....................... :<4 ................. ......... ::2 B`jptfr :?; _`f Zugbmfst Tjy ti Nfdgh Ghbicf eir Agef ........ ................. .................. ................. ................. .................. .................. ................. ................. ......... ::4 Eurt`fr ^fsiurbfs ........



































Ghtrioubtgih G tìud`t G‗o sffh gt jaa... Ivfr t`f pjst :< yfjrs, G‗vf fxjcghfo jacist fvfry typf ie sjef ghbicf ghvfstcfht gh fxgstfhbf. G‗vf stuogfo utgagtgfs, cuhgbgpja nihos, rfja fstjtf, jho rfja fstjtf ghvfstcfht trusts. G‗vf rfsfjrb`fo CA\s, NOBs, jho riyjaty trusts. G‗vf oud ghti BOs jho njhm ofpisgts. Jho G‗vf jhjayzfo jacist fvfry wfaa-mhiwh ogvgofho-pjyghd stibm gh Jcfrgbj. Jho nfeirf t`jt, G wirmfo eir twi ie t`f wirao‗s ajrdfst njhms‟Rjaicih njhms‟Rjaicih Rcgt` Njrhfy jho Bgtgnjhm‟gh Aihoih. Ri G cust jocgt, w`fh G ogsbivfrfo j sfbrft, `gd`-ygfao jbbiuht (w`jt wf bjaa t`f 4<>(k) ^ftgrfcfht \ajh) usfo ny cirf t`jh 2,6<< njhms, G wjs j agttaf sìbmfo.



































Rjefay fjrhghd dfhfrius ygfaos ih t`fgr cihfy‟up ti 6% ih jvfrjdf‟ w`gaf fvfryihf fasf `js nffh nffh stubm b`jsghd aiw-pjyghd BOs, nihos, jho ogvgofhos. Hiw, tjx-erff rfturhs ie 6% cjy hit siuho si uho agmf cub`, nut ge yiu‗rf gh j 26% tjx nrjbmft, t`jt‗s t`f fqugvjafht ie fjrhghd baisf ti 0% gh yiur rfduajr tjxjnaf nrimfrjdf jbbiuht. Jt rst, w`fh G rst ogsbivfrfo t`gs sfbrft eric cy biaafjduf biaafjduf _gc sfvfrja yfjrs jdi, G wjs j agttaf smfptgbja... Nut G mhfw _gc wjs j scjrt duy... d uy... jho G biuaoh‗t gdhirf gt. _gc rfbiccfhofo jh insburf niim t`jt fxpajghfo t`f jbbiuht jho t`gs strjtfdy gh cirf oftjga. @iw insburf9 _`frf jrf :25,?6< niims eir sjaf ih Jcjzih wgt` t`f wiros ‑rfja fstjtf– gh t`f tgtaf. _`frf jrf 56,:24 niims ih Jcjzih wgt` t`f wiros ‑stibm cjrmft– gh t`f tgtaf.



































G biuaoh‗t ho jhy jrtgbafs jniut t`gs gh t`f hfwspjpfrs jho cjdjzghfs. Jho G biuaoh‗t ho jhy jovfrtgsfcfhts eir gt. Gh sìrt, t`gs gofj gs si uhofrdriuho, t`f ihay i hay wjy yiu‗o fvfr `fjr jniut gt gs ge yiu stucnafo ihti gt ny jbbgofht. Fvfh t`fh, yiu‗o nf uhagmfay ti dft ghviavfo uhafss yiu ghvfstfo t`f tgcf ti uhofrstjho gts euaa piwfr. (_`frf jrf hi daissy nribùrfs wgt` nuaaft-pights ti fxpajgh ìw gt wirms.) Ri G bihtjbtfo _gc jdjgh. @f `jo nffh usghd t`gs jbbiuht `gcsfae. Jho `f s`jrfo fvfryt`ghd `f mhfw. @f jasi put cf gh tiub` wgt` jh fxpfrt wì `js `fapfo sicf ie t`f wfjat`gfst pfipaf gh Jcfrgbj sft up jho usf t`gs jbbiuht. Tgt`gh j efw wffms, t`gs fxpfrt fw fw ti Ofarjy Nfjb`, Eairgoj, jho spfht t`f jetfrhiih gh cy bihefrfhbf riic, fxpajghghd t`f oftjgas jho jhswfrghd jaa ie cy qufstgihs. Eghjaay, G wjs bihvghbfo. Jho fxbgtfo. G cjof twi ofbgsgihs. _i oi gt cysfae, eir t`f nfhft ie cy ejcgay. Jho ti s`jrf gt wgt` \jac Nfjb` ^fsfjrb` Driup rfjofrs... T`y wjs G si bihvghbfo9 T`y wjs G si fxbgtfo jniut w`jt G afjrhfo9 afjrhfo9 G‗o eiuho t`f cist vfrsjtgaf hjhbgja jbbiuht G‗o fvfr fhbiuhtfrfo…















































































































































B@J\_F^ : _`f ‑Rwgss Jrcy– Mhgef ie Eghjhbgja Jbbiuhts _iojy, G‗c dighd ti tfaa yiu jniut t`f cist piwfreua sjvghds jbbiuht G‗vf fvfr bicf jbriss, t`f 4<>(k) ^ftgrfcfht \ajh (w`jt G bjaa ‑Ghbicf eir Agef–). Nut gt‗s cirf t`jh kust j sjvghds jbbiuht. _i ofcihstrjtf ìw vfrsjtgaf t`gs jbbiuht gs, G‗c dighd ti usf j agttaf jhjaidy… jhjaidy…





































jaa-gh-ihf siautgih gh bjsf yiu hffo gt eir t`f rjhoic tjsm ir sgtujtgih t`jt pips up. Hiw, js G stuogfo Ghbicf eir Agef, G bicpgafo j agst ie gts cjhy nfhfts. Gts cuatgpaf usfs jho vfrsjtgagty afet cf wgt` ihf bihbausgih; Ghbicf eir Agef gs t`f hjhbgja fqugvjafht ie t`f Rwgss Jrcy mhgef. Tgt` Ghbicf eir Agef yiu bjh... •

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Driw yiur cihfy jt up ti 6% ivfr t`f aihd tfrc @jvf j bihtrjbtuja dujrjhtffo cghgcuc driwt` rjtf ie ?% Bicpiuho yiur cihfy tjx-ofefrrfo (pjy hi tjxfs ih djghs fjb` yfjr) Bicpaftfay jvigo rgsm ie prghbgpja aiss‟cfjhghd yiu bjh saffp jt hgd`t mhiwghd yiur jbbiuht njajhbf wih‗t di oiwh gh vjauf (fvfh ge t`f stibm cjrmft brjs`fs 6<% ticirriw) Rjefdujro yiur cihfy gh j pajbf wgt` j bfhtury-aihd trjbm rfbiro ie sjefty.





































J ngd pjrt ie t`jt gs cjmghd surf pfipaf mhiw t`f ogfrfhbf ogfrfhbf nftwffh sjvghd sjvghd jho ghvfstghd. Cist hjhbgja pajhhfrs usf t`f tfrcs syhihyciusay. Nut t`jt‗s ghjbburjtf. Rjvghd jho ghvfstghd `jvf ogstghbt ogfrfhbfs. _`f prgcjry purpisf ie ghvfstghd gs ti driw driw yiur yiur bjpgtja. _`f prgcjry purpisf ie sjvghd gs ti prfsfrvf ti prfsfrvf gt. gt. Js jhy stibm cjrmft brjs` wgaa gaaustrjtf, prfsfrvghd yiur bjpgtja oifsh‗t jawjys `jppfh w`fh yiu‗rf ghvfstghd. Ivfr yiur ghvfstghd bjrffr, uhofrstjhoghd t`gs ogstghbtgih biuao cfjh t`f ogfrfhbf nftwffh hjhbgja subbfss jho ejgaurf. _jmf cy ojo. @f afjrhfo t`gs afssih t`f `jro wjy. Cy ejt`fr rftgrfo ih Hfw Wfjr‗s Fvf :777. Js jh ghvfstcfht njhmfr ih Tjaa Rtrfft ourghd jh fbihicgb niic, `f‗o `f‗o spfht t`f prfvgius :< yfjrs wirmghd `jrofr t`jh `f‗o fvfr tìud`t pissgnaf... pissgnaf... jho dfttghd pjgo cirf t`jh `f‗o fvfr gcjdghfo.







































@f `js `jo ti di njbm ti wirm... js j pgjhi tfjb`fr. Ge `f‗o put t`jt cihfy ghti truf sjvghds vf`gbafs, w`frf t`frf wjs hi rgsm ie aiss, `f‗o prinjnay stgaa nf rftgrfo. Js yiu bjh sff, t`f ogstghbtgih nftwffh sjvghds sjvghds jho ghvfstghd gs j ogstghbtgih ie purpisf. Rjvghds gs cihfy fjrcjrmfo eir bfrtjgh euturf fxpfhsfs. Ghvfstghd gs fxtrj cihfy sft jsgof sgcpay ti nugao wfjat`... jetfr yiu‗vf tjmfh bjrf ie yiur sjvghd jho spfhoghd. _`fsf ogfrfht purpisfs ofcjho ogfrfht strjtfdgfs. Rjvghd rfqugrfs j vfry aiw ofdrff ie rgsm. Ghvfstghd jaaiws eir sicf‟nut hit tii cub`‟rgsm.







































_`gs gs ihf ie t`f rfjsihs w`y G wjs si orjwh ti Ghbicf eir Agef‟cy cihfy gs titjaay sjef. _`jt‗s nfbjusf t`gs jbbiuht `js hi fxpisurf ti t`f stibm cjrmft. Ge t`f Oiw brjs`fs 6<% ticirriw, cy jbbiuht njajhbf wih‗t orip j sghdaf ogcf. Cjhy ie t`f bicpjhgfs t`jt jocghgstfr t`fsf jbbiuhts `jvf sjefay driwh ghvfstirs‗ sjvghds eir ivfr j bfhtury wgtìut ofejuat. Tgt` t`gs strjtfdy, t`frf gs vgrtujaay hi rgsm ie prghbgpja prghbgpja aiss. Agmf j njhm jbbiuht, yiur cihfy wgaa hfvfr di oiwh gh vjauf.







































T`jt ge G `jo jh uhfxpfbtfo cfogbja cfogbja fcfrdfhby fxpfhsf9 fxpfhsf9 Rjcf t`ghd, G‗o `jvf ti pjy pfhjatgfs ti jbbfss cy cihfy ti `jhoaf t`jt. _ìud` G `jvf sicf ie t`fsf jbbiuhts, G‗vf hfvfr agmfo t`f ajbm ie bihtria. G‗vf hfvfr agmfo jaa t`f ruafs jho rfstrgbtgihs t`jt bicf wgt` t`fc. Jho G‗vf hfvfr agmfo `jvghd jaa cy cihfy sbjttfrfo jcihdst t`fsf sfpjrjtf jbbiuhts. Js G oud offpfr ghti t`f oftjgas ie Ghbicf eir Agef, Agef, G ogsbivfrfo t`jt gt ifrfo cf bicpaftf bihtria ie cy cihfy. Nfbjusf ie j spfbgja sft ie efjturfs, gt bjh jbt js j bfhtrja wjrfìusf eir cy cihfy. Vsghd t`f







































jho nfbjusf ie t`gs ofbgsgih, t`fy‗aa hiw nf hjhbgjaay sft eir agef. (Cy iaofst sih, eir fxjcpaf, wgaa `jvf jniut $? cgaagih gh `gs jbbiuht ny t`f tgcf `f rftgrfs.) Nfeirf G tfaa yiu w`jt t`gs gs jaa jniut, G hffo ti fxpajgh w`y yiur cihfy gs si sjef gh t`fsf jbbiuhts.





















































































































_`f bicpjhgfs G‗c ofsbrgnghd jrf j spfbgja nrffo ie agef-ghsurjhbf bicpjhy. Hiw, G mhiw w`jt yiu‗rf t`ghmghd… Cist hjhbgja durus sjy agef ghsurjhbf gs j njo pajbf eir yiur cihfy.







































stuoy. _`f ojcjdf bajgcs bjh nf jstrihicgbja. Jho yiu bjh‗t prfogbt w`fh t`fsf typfs ie fvfhts wgaa ibbur. Hiw bihsgofr agef ghsurjhbf. J pfrsih‗s ofjt` gs bfrtjgh. Agef fxpfbtjhby







































Hit ihay ogo t`f rfbfht hjhbgja brgsgs hit jfbt t`fsf ghsurjhbf bicpjhgfs, nut t`fy jasi bihtghufo t`fgr bfhtury-aihd trjbm rfbiros ie pjyghd ogvgofhos. Ge G `jo ti nft ih j driup d riup ie bicpjhgfs nfghd jriuho :<< yfjrs eric hiw, G‗o bìisf t`fsf.







































ie t`fsf s`jrfìaofrs jrf piwfreua cihfy cjhjdfrs. _`fy wjht `gd`fr rfturhs ih t`fgr ghvfstcfhts. Gt fhbiurjdfs

R_I\; ^FJO _@GR‟Wiur _ip Inkfbtgihs Jhswfrfo G mhiw yiu cjy nf sìbmfo ti `fjr































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Egrst, t`frf‗s t`f stjhojro cutuja euho wjy, w`gb` gs hiw t`f stjhojro Tjaa Rtrfft wjy. Ihbf pfr yfjr, t`fy t`fy jssfss yiur eff njsfo ih t`f titja jciuht ie cihfy uhofr cjhjdfcfht. Gt biuao nf :% pfr yfjr. Ir >% pfr yfjr. _`f drfjt t`ghd jniut t`gs cftìo eir Tjaa Rtrfft gs t`f effs dft ngddfr jho ngddfr js yiur cihfy driws. _`fy bicpiuho. _`gs gs Tjaa Rtrfft‗s agttaf sfbrft. _`f cihfy yiu ghkfbt ghti t`f jbbiuht gs jssfssfo wgt` effs ivfr jho ivfr jdjgh, fvfry yfjr. G hfvfr rfjagzfo ìw ofvjstjtghd t`fsf ‑agttaf– jhhuja effs biuao nf uhtga G stjrtfo ghvfstgdjtghd t`gs gssuf. _`fy aiim scjaa jho ghsgdhgbjht, nut t`fy‗rf hit. Aiim jt t`gs b`jrt. _`f najbm oits rfprfsfht yiur jbbiuht driwt` ivfr tgcf gh j cutuja euho-njsfo eff strubturf. Jho t`f drjy oits rfprfsfht t`f effs yiur jbbiuht dfhfrjtfs. Aiim ìw t`f effs driw gh sgzf js yiur jbbiuht vjauf driws gh sgzf.

@iw Effs Jbbucuajtf gh j _rjogtgihja Ghvfstcfht Jbbiuht (?<:(m), cutuja euho, ftb.) Gh j trjogtgihja ghvfstcfht jbbiuht, t`f jbbiuht cjhjdfr tjmfs j pfrbfhtjdf ie t`f jbbiuht njajhbf gh effs. Js t`f jbbiuht njajhbf driws, t`f jbbiuht cjhjdfr‗s eff driws.

Jbbiuht Njajhbf

Effs

_gcf































_`fh t`frf‗s t`f agef ghsurjhbf cftìo ie b`jrdghd effs. Egrst, t`f ghsurjhbf bicpjhy njsfs gts effs ih t`f cihfy yiu put ghti t`f piagby fjb` yfjr, hit t`f jbbiuht‗s titja vjauf. _`fh t`f ghsurjhbf bicpjhy eriht-aijos t`f effs. Ri G‗c pjyghd j 22% eff up eriht ih cy rst pjycfht, t`fh j 6% eff eir t`f hfxt hghf yfjrs. Jho t`fh j cjghtfhjhbf eff ie :% eir t`f rfcjghofr ie t`f piagby. _i bajrgey jdjgh, t`jt‗s ihay ih t`f cihfy G put gh... t`f jhhuja prfcguc pjycfht, hit t`f fhtgrf jbbiuht sgzf.

@iw Effs Jbbucuajtf gh j Tìaf-agef Ghsurjhbf \iagby Gh jh Ghbicf eir Agef piagby, t`f eff t`f agef ghsurjhbf bicpjhy b`jrdfs yiu `js hit`ghd ti oi wgt` yiur jbbiuht njajhbf. Gt's njsfo ih t`f cihfy yiu pjy gh, usghd j eff sb`fouaf t`jt tjpfrs i.

Jbbiuht Njajhbf

Effs

_gcf _itja Ageftgcf Effs

_`gs wjy, ivfr tgcf, t`f effs s`rghm ghstfjo ie driw. Aiim ìw t`f effs dft scjaafr wgt` fjb` pjssghd yfjr wgt` t`f agef ghsurjhbf cftìo ie b`jrdghd effs. Gt‗s j vgtja ogstghbtgih. Jho gt cjmfs jh fhircius ogfrfhbf. @iw ngd9 Aiim jt nit` b`jrts jdjgh. Jt t`f nittic ie fjb` b`jrt, t`frf‗s j drjy oit t`jt rfprfsfhts t`f titja ageftgcf eff fjb` cftìo dfhfrjtfs. Jetfr 6< yfjrs































Ir, bihsgofr t`f hucnfrs eric iur sgcuajtgih. Ghvfstghd t`f sjcf oiaajrs jt t`f sjcf tgcf jho driwghd t`fc jt t`f sjcf rjtf, t`f cutuja euho dfhfrjtfs $55>,77> cirf gh effs. Jho nfbjusf t`f effs `ghofr t`f bicpiuhoghd, wf fho up wgt` $:.0 cgaagih afss gh t`f jbbiuht jetfr 6< yfjrs. G bjh‗t bajgc jaa agef ghsurjhbf prioubts `jvf aiw effs. Ricf prioubts jho piagbgfs `jvf `gd`fr effs t`jh it`frs. Jho t`frf jrf jdfhts wì oih‗t bjrf jniut t`fgr busticfrs jho sfaa t`fc uhsugtjnaf piagbgfs ti dfhfrjtf `gd`fr effs. Jaa G mhiw gs t`jt ogvgofho-pjyghd wìaf-agef ghsurjhbf ghsurjhbf wgt` j pjgo-up joogtgihs (\VJ) rgofr‟t`f strjtfdy wf usf gh Ghbicf eir Agef‟gs t`f iaofst, cist njsgb typf ie pfrcjhfht agef ghsurjhbf gh fxgstfhbf. Jho G‗c `jppy ti pjy t`f effs. G‗c dfttghd j drfjt prioubt jho drfjt d rfjt sfrvgbf gh rfturh. Wiu sìuao nf, js wfaa. G wgs` tìsf durus wì trjs` wìaf-agef ghsurjhbf wfrf cirf bihbfrhfo wgt` t`f effs pfipaf pjy ih t`fgr cutuja euhos euhos jho gh t`fgr ?<:(m). Nfbjusf w`fhfvfr yiu pjy j eff njsfo ih yiur titja jbbiuht vjauf‟fvfh vjauf‟fvfh ge gt sffcs agmf j scjaa pfrbfhtjdf‟yiu‗rf dfttghd rgppfo i. _`jt‗s nfbjusf t`f eff bicpiuhos js yiur cihfy oifs, jho gt fvfhtujaay nfbicfs fhircius. Nut w`y oi agef ghsurjhbf bicpjhgfs b`jrdf effs, jhywjy9 Agmf jhy nusghfss, t`fy hffo ti bivfr t`fgr bists. _`fy pjy sjajrgfs. _`fy iwh nugaoghds. _`fy nuy jovfrtgsghd. _`fy ifr sjafs ghbfhtgvfs. Nut agef ghsurjhbf gs j drfjt, fbgfht nusghfss. Gt oifsh‗t rfqugrf fxpfhsgvf hjhbghd eric njhms, nfbjusf gt `js gts iwh rgvfr ie bjs`‟js piagbyìaofrs pjy prfcgucs fvfry yfjr. Gt oifsh‗t ipfrjtf jhy `fjvy ghoustry. Gt‗s hfvfr nugaoghd pajhts ir cjmghd it`fr aihd-tfrc ghvfstcfhts t`jt tjmf yfjrs ti pjy njbm.































Gt‗s j cjturf ghoustry. Cjhy ie t`f pajyfrs `jvf nffh gh nusghfss eir cirf t`jh :<< yfjrs. _`fy mhiw ìw ti mffp bists oiwh ny ipfrjtghd t`fgr nusghfssfs fbgfhtay. Gt‗s j bicpftgtgvf ghoustry, w`gb` cjmfs gt fbgfht jho trjhspjrfht. Jho t`f nusghfss hfvfr b`jhdfs nfbjusf nfbjusf gt‗s njsfo ih t`f ihf bfrtjghty bfrtjghty gh agef; ofjt`. Ri t`frf‗s hi tfb`hgbja insiafsbfhbf ti wirry jniut. Jho ghsurjhbf bicpjhgfs hfvfr hffo ti ghvfst gh rfsfjrb` jho ofvfaipcfht. Ri gt oifsh‗t cjmf sfhsf t`jt agef ghsurjhbf bicpjhgfs wiuao b`jrdf `gd`fr effs t`jh it`fr jssft cjhjdfcfht bicpjhgfs gh pjrtgbuajr, jho it`fr hjhbgja bicpjhgfs gh dfhfrja. Ge jhyt`ghd, t`fy b`jrdf aiwfr effs nfbjusf t`fy‗rf cirf fbgfht. Nut bihsgofr t`gs; Egrst, t`f divfrhcfht rfduajtfs agef ghsurjhbf effs jho biccgssgihs. Jh jdfht wiuao aisf `gs ir `fr agbfhsf‟jho agbfhsf‟jho cjynf fvfh di ti kjga‟ge rfduajtirs bjud`t `gc ir `fr ivfrb`jrdghd busticfrs. Ir uhofrbuttghd t`f bicpftgtgih ny rfoubghd effs ir ifrghd mgbmnjbms. Gt‗s gaafdja eir j agef ghsurjhbf bicpjhy ir jdfht ti b`jrdf jhyt`ghd nut t`f stjtf-rfduajtfo eff. Rfbiho, cy agef ghsurjhbf jdfht gs privgoghd j drfjt jho vjaujnaf sfrvgbf ti cf. Hit ihay ogo `f spfho tgcf jho cihfy ci hfy ti sft up cy piagby, `f wgaa tjmf bjrf ie cy ejcgay jho cf eir t`f rfst ie iur agvfs‟privgoghd jovgbf jho `fapghd cf jocghgstfr jaa cy piagbgfs. ^fajtgvf ti t`f scjaa eff G‗c pjyghd, G‗c dfttghd j drfjt ofja. _`gro, t`frf jrf cjhy typfs jho vjrgjtgihs ie agef ghsurjhbf. Cist wfrf ghvfhtfo gh t`f :70






























_`f strubturf wf usf `js nffh jriuho eir cirf t`jh t`rff bfhturgfs. Jho w`fh gt bicfs ti effs, wìaf-agef ghsurjhbf ghsurjhbf (wgt` t`f spfbgja \VJ rgofr iur fxpfrts usf) gs t`f jnsiautf b`fjpfst, cist fbgfht piagby yiu bjh nuy. Gt `js hi nfaas ir w`gstafs. Nut hjaay, jho cist gcpirtjhtay, w`fh yiu sft up j piagby t`f Ghbicf eir Agef wjy, t`riud` j cutuja agef ghsurjhbf bicpjhy, yiu nfbicf jh iwhfr gh t`f bicpjhy. _`jt‗s nfbjusf t`f piagbyìaofrs iwh t`f bicpjhy. Gt‗s t`f ghsurjhbf vfrsgih ie j brfogt uhgih. _`f ghsurjhbf bicpjhy fxgsts eir t`f nfhft ie t`f piagbyìaofrs. \frgio. Gt‗s agmf j hih-prit. Jho jt t`f fho ie t`f yfjr, cjhjdfcfht tjmfs jaa fxbfss bjpgtja dfhfrjtfo ny t`f nusghfss jho ogstrgnutfs gt njbm ti piagbyìaofrs gh t`f eirc ie ogvgofhos. Ri t`frf‗s hi pight gh t`f bicpjhy ivfrb`jrdghd t`f piagbyìaofrs eir t`fgr piagbgfs, nfbjusf t`f piagbyìaofrs iwh t`f bicpjhy jhywjy. _`f nittic aghf gs t`gs; T`fh yiu t`ghm gt t`riud` eric j nusghfss pfrspfbtgvf, gt cjmfs hi sfhsf t`jt agef ghsurjhbf‟w`fh sft up t`f Ghbicf eir Agef wjy‟wiuao nf j rgp-i. G‗c hit ofefhoghd t`f fhtgrf agef ghsurjhbf ghoustry. Ejr eric gt. Fvfry yfjr, agef ghsurjhbf bicpjhgfs bicf up wgt` wjys ti ‑fhdghffr– hfw, cirf bicpagbjtfo agef ghsurjhbf prioubts. Vhgvfrsja agef ghsurjhbf gs ihf fxjcpaf ie t`gs. Gts pfreircjhbf gs aghmfo ti t`f pfreircjhbf ie t`f stibm cjrmft. Jho t`frf jrf cjhy it`frs. Agef ghsurjhbf jdfhts bjh cjmf cirf biccgssgihs ny sfaaghd t`fsf prioubts. Ri t`jt‗s w`jt t`fy pgtb` ti t`fgr bagfhts. Jho js siih si ih js t`fy‗vf dittfh t`f bagfht‗s sgdhjturf, t`fy ogsjppfjr. _`gs nf`jvgir dgvfs t`f ghoustry j njo rfputjtgih. Ri aihd js yiu stgbm ti ogvgofho-pjyghd wìaf-agef ghsurjhbf‟t`f cist njsgb typf ie agef ghsurjhbf‟jho ghsurjhbf‟jho usf ihf ie iur rfbiccfhofo fxpfrts ti sft up yiur piagby, yiu `jvf hit`ghd ti wirry jniut.

































B@J\_F^ 7 T`frf t`f Njhms ^FJAAW Mffp _`fgr Cihfy Tì jrf t`f ngddfst bihsucfrs ie pfrcjhfht pfrcjhfht agef ghsurjhbf (t`f typf ie ghsurjhbf wf usf wgt` iur Ghbicf eir Agef strjtfdy)9 T`fh yiu sff ìw cub` pfrcjhfht agef ghsurjhbf ghsurjhbf t`fsf pfipaf nuy‟ jho w`y t`fy nuy gt‟yiu‗aa hfvfr sff pfrcjhfht agef ghsurjhbf js ofjt` pritfbtgih jdjgh. Wiu‗o hfvfr dufss gt… nut t`f ngddfst bihsucfr ie pfrcjhfht pfrcjhfht agef ghsurjhbf gs njhms. Aiim jt t`gs agst.

Njhm

Agef Ghsurjhbf (Ngaagihs)

Njhm \rfcgsfs & It`fr Egxfo Jssfts (Ngaagihs)

Tfaas Ejrdi

$:7.2

$0.:

K\Cirdjh B`jsf

$7.0

$:<.>

\HB Eg

$6 7

$? :

g a

































Jbbiroghd ti EOGB rfbiros, t`f ajrdfst 20 njhms gh Jcfrgbj Jcfrgbj `jvf ghvfstfo j titja ie ivfr $:<< ngaagih gh pfrcjhfht agef ghsurjhbf. Rgxty-fgd`t pfrbfht ie t`fsf njhms `jvf ghvfstfo cirf cihfy gh pfrcjhfht agef ghsurjhbf t`jh t`fy‗vf ghvfstfo gh smysbrjpfrs, G_ hftwirms, ir njhm nrjhb`fs. Wiur aibja biccuhgty njhm nuys pfrcjhfht agef ghsurjhbf, ghsurjhbf, js wfaa. @frf jrf vf cub` scjaafr njhms jho t`f jciuhts t`fy‗vf ghvfstfo gh pfrcjhfht ghsurjhbf rfajtgvf ti t`fgr xfo jssfts. Agef Ghsurjhbf (Cgaagihs)

Njhm \rfcgsfs & It`fr Egxfo Jssfts (Cgaagihs)

Egrst ^fpunagb Njhm

$?2.>

$:<.2

\fipaf‗s Vhgtfo

$>7.2

$2>.2

Bgty Hjtgihja Nfvfray

$:2.0

$:>.5

Egrst _fhhfssff Njhm

$65.4

$22.<

Hfw Wirm Biccuhgty

$50.6

$>>.<

Njhm

Riurbf; Njrry Kjcfs Oymf, _`f \grjtfs ie Cjh`jtttjh GG , ><:>

T`y oi njhms nuy si cub` agef ghsurjhbf9 Gt‗s sgcpaf. ^fduajtirs rfqugrf njhms ti mffp ajrdf pgafs ie bjs` ih `jho ti cfft uhfxpfbtfo inagdjtgihs. _`fy biuao tjmf suoofh aissfs ih aijhs. Ir cirf ofpisgtirs t`jh hircja biuao jsm ti wgtòrjw t`fgr cihfy. _`ghm ie gt js j bus`gih. _`gs bjs` bus`gih cust nf uhjssjgajnaf. Njhms cust nf jnaf ti jbbfss t`gs bjs` gccfogjtfay. Jho t`fy bjhhit put gt jt rgsm.

































T`jt jniut pfrcjhfht agef ghsurjhbf9 ghsurjhbf9 Wfs! ^fduajtirs bihsgofr pfrcjhfht pfrcjhfht agef ghsurjhbf sjef jho agqugo fhiud` ti biuht js tgfr ihf bjpgtja. \frcjhfht agef ghsurjhbf `js jh joogtgihja nfhft ivfr bjs`. Gt pjys cub` cirf ghtfrfst... jho t`frf gs hi tjx ih fgt`fr t`f ghbicf ir t`f hja pjyiuts. Tgt` t`fsf qujagtgfs, gt‗s hi wihofr njhms njhms piur cihfy ghti agef ghsurjhbf. Gt‗s si jttrjbtgvf, t`f Efofrja ^fsfrvf `jo ti cjmf j ruaf ti agcgt ìw cub` agef ghsurjhbf njhms nuy. Js ie ><6% ie t`fgr tgfr ihf bjpgtja bjpgtja gh agef ghsurjhbf. Nut wjgt... Njhms jrfh‗t t`f ihay bicpjhgfs t`jt spfho ngaagihs ih pfrcjhfht agef ghsurjhbf. Cjhy hih-hjhbgja birpirjtgihs nuy gt js wfaa. _`fsf bicpjhgfs ghbauof Bicbjst, DF, Djhhftt, Ki`hsih & Ki`hsih, @jrafyOjvgosih, Ufrgzih, Hireiam Riut`frh, jho Tja-Cjrt. Tja-Cjrt usfo ti nuy pfrcjhfht agef ghsurjhbf ghsurjhbf ih fvfry Tja-Cjrt fcpaiyff gh sfbrft . T`fh sicf ejcgagfs eiuho iut jniut gt, gt bjusfo j sbjhoja. Gt sffcfo Tja-Cjrt wjs pritghd eric t`f ofjt`s ie gts fcpaiyffs. Nut t`f divfrhcfht bajcpfo oiwh ih t`gs prjbtgbf gh ><<5. Hiw bicpjhgfs bjh nuy agef ghsurjhbf ihay ih t`fgr tip-t`gro `gd`fst ghbicf fjrhfrs... jho t`f fcpaiyffs `jvf ti jdrff ti gt. T`y oi Tja-Cjrt jho t`fsf it`fr bicpjhgfs nuy si cub` pfrcjhfht pfrcjhfht agef

































t`fgr fxfbutgvf pfhsgih inagdjtgihs. Jjrih Mus`hfr, b`gfe fxfbutgvf fxfbutgvf ie Erffoic Biccuhgbjtgihs, sjys t`gs gh j rfbfht jrtgbaf; Bicpjhgfs jho njhms sjy fjrhghds eric t`f ghsurjhbf piagbgfs jrf usfo ti bivfr aihd-tfrc `fjat` bjrf, ofefrrfo bicpfhsjtgih, jho pfhsgih inagdjtgihs. Agef ghsurjhbf gs ihf ie t`f wjys ie strfhdt`fhghd t`f aihd-tfrc `fjat` ie t`f pfhsgih pajh jho fhsurghd gts jngagty ti pjy nfhfts. T`jt oifs t`gs cfjh9 Gt cfjhs t`fsf njhms jho jho birpirjtgihs prgcjrgay ghvfst gh pfrcjhfht ghsurjhbf eir ihf rfjsih; ti euho pfhsgih pajhs eir t`fgr tip fxfbutgvfs. T`fh j sfhgir fxfbutgvf jt j ajrdf ajrdf birpirjtgih rftgrfs, t`f bicpjhy pjys pjys `gc ir `fr j pfhsgih. \fhsgih nfhft pjbmjdfs ghbauof t`ghds agmf j bihtghughd sjajry, j pjrtghd nihus, jho `fjat` nfhfts eir agef. _`fsf pfhsgih inagdjtgihs bjh nf ùdf. Ricf fxfbutgvfs `jvf pfhsgihs t`jt jrf jacist js ajrdf js t`fgr pjyb`fbms wfrf. _`f eircfr BFI ie DF, Kjbm K jbm Tfas`, rftgrfo ivfr j ofbjof jdi. @f rfpirtfoay rfpirtfoay fjrhs $7 cgaagih pfr yfjr gh pfhsgih eric DF. \fhsgihs eir jvfrjdf-ghbicf fjrhfrs gh Jcfrgbj `jvf jaa nut ogsjppfjrfo. Nut pfhsgih nfhfts eir `gd`-afvfa fxfbutgvfs jrf ghbrfjsghd. Birpirjtf trfjsurfrs `jvf eiuho t`jt pfrcjhfht agef ghsurjhbf gs t`f pfrefbt tiia ti euho t`fsf pfhsgih inagdjtgihs.

































_`gs gs ghtfrfstghd nfbjusf pfrcjhfht ghsurjhbf gs hit w`jt Tjaa Rtrfft jho t`f cjghstrfjc hjhbgja cfogj jovgsf yiu ti oi w`fh yiu‗rf sjvghd eir rftgrfcfht. Ghstfjo, t`fy jovgsf yiu ti turh ti stibm cjrmft-rfajtfo vf`gbafs agmf cutuja euhos, ?<:(m)s, jho stibms. Oih‗t yiu ho gt ghtfrfstghd t`jt w`fh gt bicfs ti sjvghd eir t`fgr tip fxfbutgvfs‗ rftgrfcfht, njhms jho birpirjtgihs stjy jwjy eric t`f stibm cjrmft9 Ghstfjo, t`fy stirf t`jt cihfy gh pfrcjhfht ghsurjhbf… w`frf t`frf jrf dujrjhtffo rfturhs jho hi rgsms ie aiss. Gh suc, pfrcjhfht agef ghsurjhbf gs uatrj-sjef. Jho gt‗s fjsy ti jbbfss gh fcfrdfhbgfs. Gt driws tjx-erff, jho t`fh bicfs njbm tjx-erff upih ofjt`. Jho gt ifrs cub` `gd`fr rfturhs t`jh bjs`. Birpirjtf Jcfrgbj tjmfs jovjhtjdf ie t`fsf nfhfts. T`y sìuaoh‗t wf9 Js G sjgo, t`frf jrf cjhy inkfbtgihs dgvfh dgvfh ny pipuajr cfogj siurbfs. Nut t`fy‗rf jaa cgstjmfh. Aft cf fxpajgh w`y…





































































B@J\_F^ :< Egvf ^fjsihs t`f _ip Brgtgbs Jrf Trihd _`f brgtgbs jrf jt gt jdjgh... ^fbfhtay, G bjcf jbriss j ><:2 jrtgbaf eric j pipuajr cihfy cjhjdfr rfpfjtghd t`f sjcf ejasf gofj ietfh eiuho gh cjghstrfjc cfogj; Tìaf-agef ghsurjhbf gs j cirf bicpagbjtfo prioubt t`jh tfrc agef ghsurjhbf. Agmf uhgvfrsja agef ir vjrgjnaf agef uhgvfrsja ghsurjhbf, wìaf-agef ifrs jh ghsurjhbf pjyiut jho, ivfr tgcf, t`f piagbgfs jbbruf j bjs` vjauf t`jt bjh nf wgtòrjwh.



































J `fjat`y 2<-yfjr-iao cjaf wgaa pjy $54> jhhujaay eir j ><-yfjr tfrc agef agef ghsurjhbf piagby. @iwfvfr, t`f sjcf cjaf wiuao pjy $0,>2< jhhujaay eir j wìaf-agef ghsurjhbf piagby. _`jt cfjhs wìaf-agef ghsurjhbf gs $4,660 ‑cirf fxpfhsgvf– fjb` yfjr. _`f smfptgbs jrduf yiu sìuao nuy t`f b`fjpfr $54>-pfr-yfjr tfrc ghsurjhbf... t`fh ghvfst t`f fxtrj $4,660 fjb` yfjr gh t`f cjrmft (stibms, cutuja euhos, F_Es, ir sicf bicnghjtgih). _`fy bajgc t`jt ivfr t`f aihd tfrc, yiu‗aa ejrf cub` nfttfr. Eir fxjcpaf, t`f stuoy rfefrfhbfo bajgcs yiu‗aa `jvf $44,<<< cirf jetfr >< yfjrs ie ‑nuyghd tfrc jho ghvfstghd t`f ogfrfhbf.– _`gs gs prinjnay t`f cist biccih inkfbtgih wf rfbfgvf ti iur Ghbicf eir Agef strjtfdy. _iojy, G‗c dighd ti joorfss t`f inkfbtgih t`jt yiu sìuao nuy tfrc ghsurjhbf jho ghvfst t`f ogfrfhbf. G‗aa dgvf yiu vf rfjsihs gt‗s ghvjago...

Hi. :; Gt‗s Hit Jniut t`f Agef Ghsurjhbf Egrst, fvfry sghdaf ‑nuy tfrc, ghvfst t`f ogfrfhbf– bjsf stuoy G‗vf sffh jssucfs ihf t`ghd; Wiur purpisf gh nuyghd agef ghsurjhbf gs ti `jvf j



































^fcfcnfr, wgt` Ghbicf eir Agef, yiu bjh; •

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Driw yiur cihfy jt up ti 6% ivfr t`f aihd tfrc @jvf j bihtrjbtuja dujrjhtffo cghgcuc driwt` rjtf ie ?% Bicpiuho yiur cihfy tjx-ofefrrfo (pjy hi tjxfs ih djghs fjb` yfjr) Bicpaftfay jvigo rgsm ie prghbgpja aiss‟cfjhghd yiu bjh saffp jt hgd`t mhiwghd yiur jbbiuht njajhbf wih‗t di oiwh gh vjauf (fvfh ge t`f stibm cjrmft brjs`fs 6<% ticirriw) Rjefdujro yiur cihfy gh j pajbf wgt` j bfhtury-aihd trjbm rfbiro ie sjefty \ritfbt yiur cihfy eric brfogtirs ir ajwsugts (gh cist cis t stjtfs) Bihtrgnutf uhagcgtfo jciuhts ti gt (uhagmf jh G^J ir ?<:(m)) Jvigo rfpirtghd gt ti t`f G^R bicf tjx tgcf Jbbfss yiur cihfy jhytgcf wgtìut pfhjaty ir wgt`ìaoghd tjxfs tjxfs Nugao j aghf ie brfogt ti usf eir jhy rfjsih‟hi qufstgihs jsmfo.

Rìw cf jhit`fr sjvghds jbbiuht t`jt ifrs jaa t`fsf nfhfts. Gt oifsh‗t fxgst. Jho yiu mffp jaa t`fsf nfhfts uhtga yiu pjss jwjy. Tgt` tfrc ghsurjhbf, yiu dft hihf ie t`fsf nfhfts. Hitgbf w`jt yiu oih‗t sff ih t`jt agst; agef ghsurjhbf. _`jt‗s nfbjusf wgt` iur Ghbicf eir Agef strjtfdy, yiu rjrfay usf j ogvgofho-pjyghd wìaf-agef ghsurjhbf piagby js jh jbtuja ghsurjhbf vf`gbaf.



































ghvfstcfhts. @gd`-qujagty birpirjtf nihos. Cirtdjdfs njbmfo ny vjaujnaf rfja fstjtf. Jho sicftgcfs j scjaa jciuht gh vfry `gd`-qujagty ogvgofho stibms. Gt‗s j bihsfrvjtgvf strjtfdy wgt` jh ghvfstcfht ìrgzih t`jt fxtfhos ofbjofs ghti t`f euturf.

Hi. 2; Hi Ihf ‑Ghvfsts t`f Ogeefrfhbf– Nut aft‗s tjmf j cicfht ti bihsgofr t`f biuhtfrjrducfht... Aft‗s sjy yiu oi nfagfvf gh t`f ‑nuy tfrc jho ghvfst t`f ogfrfhbf– cftìoiaidy. Jrf yiu ogsbgpaghfo fhiud` ti ghvfst t`f ogfrfhbf9 Oi yiu `jvf t`f sticjb` ti tjmf fvfry rfcjghghd oiaajr ($4,660) jho ghvfst gt9 G‗c dighd ti jrduf t`jt hi ihf oifs t`gs. _`ghm jniut gt; Ge yiu `jvf tfrc ghsurjhbf, ogo yiu dft j wìaf-agef ghsurjhbf quitf eir jh fquja jciuht9 Ogo yiu bjabuajtf t`f ogfrfhbf gh bist nftwffh tfrc jho wìaf-agef jho t`fh ghvfst t`jt cihfy fvfry yfjr9 Hi. Gt‗s j `ypit`ftgbja fxjcpaf brgtgbs aivf ti usf. Nut gt‗s ihf t`jt G‗o wjdfr hi ihf jbtujaay eiaaiws t`riud` ih.

Hi. ?; Rtibm Cjrmft ^fturhs jrf Rgcgajr ti Tìaf-Agef ^fturhs





































Tf‗vf rfsfjrb`fo t`f truf rfturhs ie wìaf-agef ghsurjhbf ivfr t`f aihd tfrc jho privfo yiu‗o hffo ti fjrh 4.6% gh jh jatfrhjtf tjxjnaf jbbiuht ti fquja t`f rfturhs ie j wìaf-agef ghsurjhbf piagby. ]Gh iur stuoy wf usfo j ?5-yfjr-iao cjaf jho bivfrfo j 2<-yfjr pfrgio. Ge yiu‗rf iaofr, t`f rfturhs biuao nf j agttaf aiwfr t`jh t`jh t`f fxjcpaf usfo.S T`fh yiu bicpjrf t`f jetfr-tjx rfturhs ie cihfy ghvfstfo ghvfstfo gh t`f cjrmft jho j wìaf-agef ghsurjhbf piagby, t`fy jrf vfry sgcgajr. Jh uheirtuhjtf‟ yft brubgja‟oftjga t`gs bjsf stuoy eirdit ti ghbauof. Ri ih j rfturh-vfrsus-rfturh njsgs, j wìaf-agef piagby jho t`f `ypit`ftgbja ghvfstcfht gh j cutuja euho jrf ajrdfay fquja. _`jt‗s w`frf t`f bjsf stuoy stips. Nut t`gs gs j ùdf ghkustgbf. _`jt‗s nfbjusf gt oifsh‗t rfpirt jaa t`f joogtgihja nfhfts t`jt bicf wgt` j





































Wiu biuao usf aijhs ti hjhbf yiur bjr purb`jsfs. _i hjhbf hjhbf biaafdf bists. _i ghvfst gh nauf b`gp stibms. Ir ti ghvfst gh rfhtja rfja fstjtf. Jho G‗aa sjy gt jdjgh‟jaa t`f w`gaf, yiur cihfy gh t`f piagby piagby mffps driwghd. Wiu sgcpay bjh‗t oi t`jt wgt` j stibm cjrmft-njsfo ghvfstcfht. ghvfstcfht. Ihbf yiu uhofrstjho t`f uhgquf nfhfts ie j wìaf-agef piagby, yiu‗aa sff w`y ‑nuy tfrc jho ghvfst t`f ogfrfhbf– ogfrfhbf– kust gsh‗t j aidgbja bicpjrgsih. _`frf jrf sicf it`fr biccih inkfbtgihs t`jt mffp ghvfstirs eric tjmghd jovjhtjdf ie Ghbicf eir Agef. Aft‗s tjam jniut t`fsf…





































B@J\_F^ :: _`rff Biccih Inkfbtgihs Rqujs`fo ^fbfhtay, G rfbfgvfo jh fcjga eric ihf ie iur rfjofrs, Ojh K., t`jt `jo sfvfrja inkfbtgihs ti iur Ghbicf eir Agef strjtfdy. @frf gs j qugbm succjry ie w`jt `f sjgo; G uhofrstjho t`jt t`frf jrf tjx nfhfts ti sjvghd cihfy gh Ghbicf eir Agef, nut jt t`f fho ie t`f ojy, yiu jrf





































Inkfbtgih Hi. :; Aihd-tfrc nihos jrf j njo pajbf eir yiur cihfy cihfy.. Ojh t`ghms aihd-tfrc nihos jrf j njo pajbf eir yiur cihfy. Nut cutuja ghsurjhbf bicpjhgfs oih‗t ghvfst ihay gh aihd-tfrc nihos. Tf `jvf jbbfss ti j rfpirt t`jt oftjgas oftjgas t`f ghvfstcfht jbtgvgtgfs ie :<< ie t`f tip ghsurjhbf bicpjhgfs. Tf aiimfo jt t`f tip sfvfh cutuja ghsurjhbf bicpjhgfs‗ ghvfstcfht pirteiagis. _`fy ghvfst ihay 56-0<% ie t`fgr pirteiagis gh nihos. Jho gh t`fgr niho pirteiagis, t`fy sprfjo cihfy ghti nihos wgt` vjryghd cjturgty ojtfs. Gh ejbt, t`gs rfpirt sìws t`jt t`f tip :<< ghsurjhbf bicpjhgfs `jo jh jvfrjdf ie ihay ><% ie t`fgr niho pirteiagis gh aihd-tfrc nihos (nihos wgt` ivfr ><-yfjr cjturgty ojtfs).





































t`f cutujas wf rfbiccfho `jvf js cub` js ?0% ie t`fgr niho pirteiagis gh sìrt-tfrc nihos. _`jt cfjhs w`fh nihos brjs`, t`f bicpjhgfs wgaa nf jnaf ti riaa t`gs cihfy ghti b`fjp nihos wgt` cub` `gd`fr ygfaos. Jho piagbyìaofrs wgaa rfjp `gd`fr ogvgofhos nfbjusf ie gt. Gt oifsh‗t cjttfr ge nihos brjs`, nfbjusf ghsurjhbf bicpjhgfs oih‗t trjof gh jho iut ie nihos. _`fy jrf kust ghtfrfstfo gh sjef, stfjoy bjs` iw. Ri w`fh jh ghsurjhbf bicpjhy nuys nihos, gt ìaos t`fc t`fc uhtga t`fy cjturf. Tgt` t`fgr stfaajr trjbm rfbiros jho jho bihsfrvjtgvf cjhjdfcfht tfjcs, wf‗rf wf‗rf bihofht iur cihfy gs sjef jho wgaa bihtghuf ti driw. Jho wf aivf t`jt wf oih‗t `jvf ti wirry jniut w`jt t`f cjrmfts jrf oighd… ir tryghd ti prfogbt w`jt wgaa `jppfh.

Inkfbtgih Hi. >; Iur prikfbtgihs jrf risy risy..







































Inkfbtgih Hi. 2; Iur 6% rfturh bajgc gs tii `gd`. Iur 6% rfturh prikfbtgih gs njbmfo ny j pgfbf ie `jro fvgofhbf. Hit j prikfbtgih ir jh gaaustrjtgih, nut jh jbtuja piagby t`jt wf rfbfhtay bjcf jbriss t`jt `js nffh jbtgvf sghbf :767. Tf aiimfo jt t`f ajst t`rff stjtfcfhts (eir ><:<, ><::, jho ><:>) ie t`f piagby. _`f iwhfr cjof j $200.?< jhhuja pjycfht fvfry yfjr sghbf :767. @gs piagby‗s bjs` vjauf njajhbf jt t`f fho ie ><:> wjs $72,?70.



















































































































G ghtrioubfo yiu ti Cjrm Eiro, cy nusghfss pjrthfr jt t`f \jac Nfjb` ^fsfjrb` Driup, gh jh fjragfr b`jptfr. @f‗s j hitirgius smfptgb ie cist mghos ie ghvfstghd jho trjoghd strjtfdgfs. T`fh _gc Cgttfastjfot (iur rfsgofht gh-ìusf Ghbicf eir Agef fxpfrt) jho G rst jpprijb`fo Cjrm jniut Ghbicf eir Agef, `f `jo sfvfrja inkfbtgihs. Nfaiw, G‗vf ghbauofo jh ghtfrvgfw nftwffh _gc jho Cjrm. Cjrm put Ghbicf eir Agef ‑ih trgja– si `f biuao cjmf j ofbgsgih ih w`ft`fr `f‗o fhoirsf gt ir hit. Ge yiu‗rf stgaa smfptgbja ir uhsurf jniut Ghbicf eir Agef, G‗c surf yiu‗aa ho t`gs ghtfrvgfw j usfeua rfbjp.







































Nut t`fy ghsgstfo. ‑Ge yiu hffo agef ghsurjhbf ti `fap j survgvghd spiusf, yiu‗rf rgd`t. _frc ghsurjhbf gs t`f b`fjpfst b`fjpfst wjy ti oi t`jt,– _gc sjgo. ‑Nut t`gs gs ogfrfht. _`gs gs j sjvghds strjtfdy t`jt privgofs t`f tjx nfhfts ie agef ghsurjhbf nut wgtìut t`f trjogtgihjaay `gd` biccgssgihs. \aus, t`frf‗s j hfjt aijh efjturf t`jt bicfs wgt` t`f piagby. Tf wjht ti tfjb` pfipaf ìw ti usf gt.– Jatìud` G wjs :<<% surf t`jt t`fy nfagfvfo fvfryt`ghd fvfryt`ghd t`fy sjgo, G wjs hit surf t`jt t`fy `joh‗t cgssfo sicf ie t`f agttaf trgbms ghsurjhbf bicpjhgfs typgbjaay usf ti ìrhswiddaf t`fgr busticfrs.









































‑Tf‗vf dit jbbfss ti t`f rfsuats ie ìw qugtf j efw piagbgfs `jvf pfreircfo. Ihf ie t`f cutuja ghsurjhbf bicpjhgfs wf eiaaiw pfreircfo j stuoy ie ìw prikfbtfo piagby rfturhs cfjsurfo up ivfr j 2<-paus yfjr pfrgio.







































‑Ih t`f fxpfhsf sgof, t`fy pjy iut bajgcs w`fh t`fy jrgsf, js wfaa js t`f hircja ipfrjtghd fxpfhsfs sub` js sjajrgfs, ibf i bf fxpfhsfs, jho jdfht biccgssgihs.







































‑_`fy `jvf nffh pritjnaf t`riud` twi wirao wjrs, t`f Drfjt Ofprfssgih, ghtfrfst rjtf sìbm gh t`f :70<<0‟wjs >< <0‟wjs hi fxbfptgih.







































_gc; ‑Ghbicf eir Agef ifrs j bicnghjtgih ie tjx-ofefrrfo jho tjx_gc; ‑Ghbicf erff driwt`. \iagbyìaofrs jrf hit rfqugrfo ti rfpirt t`fgr piagbgfs, t`fgr ogvgofhos, ir t`fgr ghtfrfst ti t`f G^R.







































‑Hiw, gh yfjr :: jho nfyiho, yiu tjmf t`jt $2<,<<< jciuht gh t`f eirc ie j aijh eric t`f ghsurjhbf bicpjhy. ‑Gt‗s agmf ghbicf gh t`jt yiu stgaa `jvf $2<,<<< gh yiur yi ur njhm jbbiuht fjb`











































































































































































































































































































































































































































































































































































































































































































































































































































































































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