Getting Started with Financial Security Module 1

Workshop Module
Saunders Learning Group, Newton, KS
One:
Getting
Started

Training from Saunders Learning Group
Saunders
Learning
Group
provides
a
variety
of
training
programs,
workshops
and
seminars
targeted
to
the
financial
services
industry.
If
you
are
financial
planner,
broker,
tax
preparer,
insurance
agent
or
banker
and
need
seminar
materials
for
client
presenta@ons,
contact
us
to
discuss
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pricing
and
custom
development.
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your
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of
this
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at:
Link
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Programs
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in
a
wide
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topics,
and
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developing
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Contact
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Saunders Learning Group, Newton, KS Module One – Getting Started

Agenda
Why People Fail
Roadblocks to Financial Freedom
Financial Freedom is a Process
How the “Rule of 72” Affects You
Making Your Money Work For You
What Are Your Goals

“In this world nothing can be said
to be certain, except death and
taxes.”
Benjamin Franklin
4

Why People Fail . . . And What You Can Do
! “I’ll
Start
tomorrow.
Anyway,
I
don’t
have
money
to
save
right
now.”
— The
key
to
financial
freedom
is
oUen
not
how
much
you
earn,
but
how
much
you
keep.
! “I
can’t
look
that
far
ahead”
— If
you
fail
to
plan,
you
are
planning
to
fail.
! 24%
of
Americans
are
postponing
re@rement
at
least
a
year
! 43%
of
Americans
have
less
than
$10,000
saved
for
re@rement
! 36%
save
nothing
! It
is
unlikely
the
government
safety
net
of
social
security,
and
medicare
will
meet
your
needs
or
even
be
available
when
you
re@re.
! “I
was
never
very
good
at
understanding
money.”
— Just
as
you
learned
how
to
earn
money,
you
can
learn
how
to
manage
it
to
your
benefit.
! “If
I
am
lucky,
I
won’t
have
to
think
about
my
financial
future.”
— Don’t
gamble
on
your
future,
taking
even
small
consistent
steps
toward
financial
freedom
helps
get
to
your
goals.

Painful reality: 80% of Americans have less than six months of income in reserve

61% of Americans live paycheck to paycheck in 2001, up from 49% in 2009 and 32% in 2008.
Yet, the number of millionaires increased 16% in 2009 to 7.8 million.
And 330,000 more millionaires in 2012.

Roadblocks to Financial Freedom
No Goals
Ignorance
Debt
Poor Investments
Inflation Taxes
Procrastination

Making Financial Freedom Real – It’s a Process
! Requires
effort
on
your
part
! Uses
sound
prac@cal
informa@on
! Ability
to
apply
proven
concepts
to
move
toward
financial
freedom
! Willingness
to
seek
the
help
of
experts.

How Long Before You Can Double Your Money?

Rule of 72 At Different Interest Rates
Bank
Savings
Account?

How the “Rule of 72” Affects You

Making Your Money Work For You

Three Step Process To Get Started
Examine your
Income and
Expenses Evaluate
your
findings and
locate extra
income or
spending
leaks Allocate
extra
income to
meet a
financial
goal

What Are Your Goals?
! Ques@ons
to
be
addressed
before
se`ng
goals
1. How
long
will
you
con@nue
to
work?
2. What
will
happen
with
your
income
–
will
it
remain
the
same,
rise,
or
fall?
3. What
will
happen
with
tax
rates?
4. How
will
you
help
your
family
with:
1. College
2. Travel
3. Re@rement
4. Transferring
assets
5. Charity

What do you want out of life?
! What
maeers
most
to
you?
" More
@me
with
family
" Financial
security
" Peace
of
mind
" Independence
! What
will
money
do
for
you?
" Travel,
vaca@on
plans
" Lifestyle
in
re@rement
" Eliminate
debt
" Children's
educa@on

Short-Term Goals
For example, over the next three to nine months
I will have a goal of:
! Paying off credit card and consumer debt
! Starting a savings plan
! Setting aside cash for a emergency fund equaling 3 months' expenses
! Creating and sticking to a monthly savings and spending plan
! Acquiring additional term life insurance
! Acquiring individual disability insurance

Medium-Term Goals
! For example, over next six to 18 months I will:
! Start a college savings plan
! Increase my contribution to retirement plans either at work or with in
Individual Retirement Account
! Diversify my investment portfolio, building on the base started with
my short-term goals
! Create a savings (and/or) investment plan for buying a home with the
goal of having a 20% down payment.

Long-Term Goals
Perhaps your long-term goal in 10 to 20 years
(or more) is to:
! Purchase retirement property
! Retire at age 60
! Travel
! Maintain pre-retirement standard of living during retirement
! Assist family members with finances (or better yet, teach them how
to be financial free too!)

How do your Goals Match Up

Set Goals For Your Financial Assets
! What savings rate can you
expect?
! What investment rates can
you reasonably expect?
! What about the rate of
inflation?
! How much involvement do
you wish to have in managing
your investments?
— None, very little, mutual control
with any investment advisor, full
control,
I will do it myself.

Turn Goals Into Realities

How “SMART” Are Your goals?
! How
do
your
goals
match
up?
! In
order
for
you
goals
to
work,
they
need
to
something
you
can
reasonable
do
in
a
measureable
way.

Questions

Post Workshop Action Plan
! Complete
the
Post
Workshop
Ac@on
Plan

Reference Material
Family Financial Freedom
140 pages
ISBN 978-1-60-746269-9
Available Formats:
6"x9" paperback
PDF download
eBook download
Link to order:
http://www.fastpencil.com/publications/4498-Family-Financial-Freedom?
tid=bookbuy#read_book
Also available on Kndle, Nook, iPad and other popular e-readers can be ordered
from Amazon or Barnes and Noble in paperback.
Book summary: You might be struggling to make ends
meet, but achieving true financial freedom is still possible.
The good news is virtually anyone with a desire to learn
and the willingness to plan can achieve a considerable
degree of financial security.
This book is a road map to the personal financial freedom
you want and deserve. There are no quick-rich schemes
here, just common sense advice on how to manage your
money, protect your family from risks and start making the
moves to being more financial secure.

Family Financial Freedom Seminars
• This series of seminars on family financial freedom is available to all trainers,
educators and professional advisors in the financial services industry.
• The series of seminars can be taught with or without the book, “Family Financial
Freedom”.
• Here is a full listing of seminar topics:
1. Ge`ng
Started
2. Making
Your
Money
Work
For
You
3. Building
the
Base
4. Securing
the
Base
5. Financing
Your
Future
6. Mutual
Funds
7. Real
Estate
8. Your
investments
9. Re@re
in
Comfort
10. Passing
On
Your
Wealth
11. How
Professional
Can
Help
• A leader’s guide and participant’s workbook is also available.
• Order you copy from Scribd, just $2.99
• Contact the author, Floyd Saunders for pricing and order details to
purchase the entire series of seminars: floyd.saunders@yahoo.com

Getting Started with Financial Security Module 1

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