10 THINGS TO DO WITH ALL THAT PROMO MONEY $$$A PROMO ROCKSTARS PUBLICATION BY EDWIN J. GOITIAAPRIL 2017

#1: START AN EMERGENCY SAVINGS

• The majority of Americans don’t have an emergency savings account.• If an emergency were to come up, most would find themselves at a lost,

or reaching for credit availability in order to get out of a rut.• $1000 minimum should be enough. • 3-6 months of income is ideal.• Keep it in a separate account, that is not too easily accessible (e.x. ATM

Debit Card) so that you must go to a branch or make a transfer in order to access.

• Building interest on these funds should not be a big worry.

#2: INVEST IN EQUIPMENT• The 2 most important pieces of equipment one should invest in:

• Their cell phone and laptop. (working and in good working condition)• Equipment to have with you, or in your vehicle trunk (in a duffle bag) for emergencies at events:

• Ratchet Straps• Bungie Cords• Zip Ties• Tape• Rope• LED Lighting• Small generator/Power-Jump Unit• Battery Jumping Cables• Extra Charging Cables for USB Devices (iPhone, Android, Universal Micro-USB)• Tablet• Drone• Camera

#3: OPEN A ROTH IRA• Unfortunately, most promo peeps are not putting money away from retirement.• Roth-IRA is pre-taxed retirement income savings, that can be diversified into

various investments and compounds for you over the years.• Unless you are trying to go for early-retirement, or doing a Roth-IRA Conversion

ladder, a regular Roth-IRA makes sense. • If you are older than 45, it may make sense to get a Traditional IRA account. Consult

a tax attorney or estate planner for proper recommendation.• Most major bank institutions offer a Roth IRA. Many options are available.• Make sure to review account fees and management fees before deciding who

to open an account with.• Contribution Year 2017: MAX $5500 ($6500 if you are 50 or older)

#4: OPEN AN HSA • HAS (Health Savings Account)-like a Flexible Spending Account (FSA), except your

unused funds are not lost; instead they roll over year after year. • Typically, the requirement is to partner an HSA with a high-deductible health plan (can

vary dependant on bank or account-holder).• All unused funds that have accumulated until your retirement age (67 1/2 circa 2017),

can be rolled over into an additional retirement account tax-free and penalty-free.• A triple-tax advantaged account, this is one way to keep more money put away for

retirement, without being taxed on the front-or-back end, nor for using for health purposes (doctor visits, surgeries, etc)

• Ideally, if you are healthy, you can use this account strictly for retirement savings, and never touch it. Therefore, paying cash instead for medical visits.

• Contribution Year 2017: MAX $3400.00

#5: OPEN AN SEP-IRA• SEP-IRA (Self-Employment Pension or Simplified Employment Pension)• The self-employed version of the 401(k).• As of 2017, an individual can max out at $12,000 a year or $54,000 for

self-employed with business.• The advantage to an SEP, once a Roth and HSA are maxed, is to put away

additional funds to, again, save for retirement, and keep more money in your pocket (and away from the government)

• Smart tip: Use Vanguard index-funds within your SEP in order to have conservative, low-volatility diversification.

#6: CREATE A 529-CONTRIBUTION SAVINGS

• If you plan on attending college, or have kids, or plan on having children (or even just want to help a family-member or friend), this is the best way to save money for college, and allow it to grow with inflation over time (or better).

• Typically, 529 accounts are state-run, and the government favors them during tax season.

• These funds can be diversified once a minimum is met. • Funds can be withdrawn at any time, but ideally if the account is created

in a students name, it becomes available when they become of age (18 years) or or educational needs.

#7: INVEST IN STARTUPS

• Companies like SeedInvest and others make it easier to invest in startups.• You no longer need to be an Accredited Investor (net worth of $250,000

or higher) in order to invest in Series C funding.• Check out SeedInvest and invest in up and coming companies.• Typically, the expectation is that a minimum of 5 years is required for

your funds to grow or before you cash out (due to a company going public, selling their company, being acquired, etc)-THIS CAN VARY.

#8: INVEST IN YOUR LOCAL COMMUNITY

• Partner up with local community members, and ask how you can help them.

• Either you can help with skills, services, etc.• Perhaps a local business or non-profit needs speakers, equipment, etc

and you can help out (typically tax-deductible).• Collaborate with local businesses or pitch new ideas.

#: 9 MAKE CHARITABLE CONTRIBUTIONS

• Tax-Deductible Charitable Contributions• Helping out your local homeless shelter through tangible donations, food

donations, etc.• Donation online to charities count, as well.• Save receipts to claim on taxes.

#10: INVEST IN YOURSELF• Photoshoots• New promo wardrobe• Domain/Hosting/Website Creation• Logo/Artwork• Classes/Training/Certifications• Haircuts/Manicures/Pedicures• Tanning/Massages• Living Will/Trust• Life Insurance

• Health Insurance• Personal Articles Insurance• Books/Guides• Personal Coaches• Business Cards• 1 Hobby That You Absolutely Love:

Travel, Instruments, etc.

THANK YOU!• We hope that you can make something amazing happen with all of that

promo money you work so hard for.• Please feel free to share this presentation with someone you know.• Check out our website http://www.promorockstar.com• Join our Facebook Group Super Promotional Rockstars.

• Thank you and have an amazing journey!• Edwin J. Goitia• Chicago, IL