The 10% Plan for Life

By Ralph Milano

This is a savings plan for people starting out in life. A step by step guide for the seventeen year old going from high school, to college and then their first job. It covers saving plans, stocks, credit cards, insurance and how to avoid scams.

I started work in 1968 after two years in the army, 16 of those months were overseas. I attended St. Peters College in Jersey City, NJ at night, earning a B.A. degree. While going to school at night, I was employed at a major fortune 500 company during the day. This is where I found ways to save money through company plans such as: 401 k, pension plans, profit sharing plans, stock and dividend plans. This is when I came up with the idea that you need a plan in life. After studying all of these plans, I came up with the plan for me which I will gladly share with the students of America.

• Language: English
• Publisher: iUniverse
• Release date: Feb 10, 2010
• ISBN: 9781450210539

Ralph Milano

Ralph Milano raised 3 daughters and was able to send them to college, purchase cars for them all using the 10% plan. It works. They saved a lot of money not having to pay any college loans or the interest that would normally go along with it. All three girls are very successful in their jobs. Ralph is very proud of their accomplishments.

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Copyright © 2010 by Ralph Milano

All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.

The information, ideas, and suggestions in this book are not intended to render professional advice. Before following any suggestions contained in this book, you should consult your personal accountant or other financial advisor. Neither the author nor the publisher shall be liable or responsible for any loss or damage allegedly arising as a consequence of your use or application of any information or suggestions in this book.

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ISBN: 978-1-4502-1054-6 (sc)

ISBN: 978-1-4502-1053-9 (ebook)

iUniverse rev. date: 01/21/2010

TABLE OF CONTENTS

DEDICATION

INTRODUCTION

ABOUT THE AUTHOR

CHAPTER ONE

THE 10% PLAN IN ACTION

CHAPTER TWO

A PLAN FOR EVERY AGE

CHAPTER THREE

STOCK MARKET

CHAPTER FOUR

STOCK OPTIONS

CHAPTER FIVE

SCAMS ON THE INTERNET & TV

CHAPTER SIX

INSURANCE & CREDIT CARDS

CHAPTER SEVEN

POLITICS

CHAPTER EIGHT

CONCLUSION

DEDICATION

This is dedicated to the students at Bridgewater-Raritan Regional High School. They motivated me to give something back by helping them become financially secure and armed with the knowledge needed to protect their financial futures. After all, they are the future of America. I also want to thank Linda Schulte, Writing Center Assistant for the Bridgewater-Raritan Regional High School for her experience. I want to give a special thanks to Kristin Neumann for all of her suggestions she made to help make my book successful.

INTRODUCTION

I started work in 1968 after two years in the army, 16 of those months were overseas. I attended St. Peter’s College in Jersey City, NJ at night, earning a B.A. degree. While going to school at night, I was employed at a major fortune 500 company during the day. This is where I found ways to save money through company plans such as: 401 k, pension plans, profit sharing plans, stock and dividend plans. This is when I came up with the idea that you need a plan in life. After studying all of these plans, I came up with the plan for me which I will gladly share with the students of America.

ABOUT THE AUTHOR

Ralph Milano raised 3 daughters and was able to send them to college, purchase cars for them all using the 10% plan. It works. They saved a lot of money not having to pay any college loans or the interest that would normally go along with it. All three girls are very successful in their jobs. Ralph is very proud of their accomplishments.

CHAPTER ONE

The 10% Plan in Action

This is the only financial program you will ever need. Did you ever say to yourself, I wish I knew then what I know now? Well now is your chance to find out. I decided to let you know what I would do if I was 17 again. In this Book I inform you of life experiences I went through and how I would do them again. Of course a different