Financial Freedom Getting Started
 

Financial Freedom Getting Started

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This is module one of the Financial Freedom Seminars, that go along with the book, "Family Financial Freedom. The seminars are available to anyone and financial planners, and other professionals in ...

This is module one of the Financial Freedom Seminars, that go along with the book, "Family Financial Freedom. The seminars are available to anyone and financial planners, and other professionals in the financial services industry who would like a set of the materials, participant's workbooks or the Family Financial Freedom book (discounts for volume purchases) You can now view the presentation here, order the Family Financial Freedom book from any of the ebook sites for iPhone, iPad, Kindle, Nook, Kobo reader etc. contact me at floyd.saunders@yahoo.com for a copy of the presentation or more information on how to get seminar materials.

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  • None of can plan for every event that might happen in our lives, but we can take charge of owning our financial future and developing a common sense plan to more financially secure.
  • Painful reality is 43 million Americans are on food stamps. Mostly the elderly, children and the working poor. 50% are white, only 27% are black. This does not need to include you. You can take control, simply by taking a few simple steps.
  • Painful reality: 80% of Americans have less than six months of income in reserve.
  • So the question becomes, do you want to stay on the road you are on? Or learn how to be more financially free?This is no get rich scheme. I have no investment products to sell you. I am not a financial planner, but rather an educator.
  • For example: Say you have a $50,000 balance in your workplace savings account. Assuming an 8% annual rate of return, your investment could potentially double in 9 years to $100,000, 18 years to $200,000, and 27 years to $400,000.

You can see that it makes a big difference how many times your money doubles. If you can make it double once or twice more by starting early, choosing the right investments, or keeping your money invested as long as possible before withdrawing it, you could end up with significantly more money at retirement.*
  • History rate of returns for stocks have been close to 10% over the long-term. Investors can lose money in the short-term. Stock mutual funds can frequently return around 12% over a long holding period and returns might be more or less, depending on a number of factors. It’s best to carefully research these investments before selecting any for your investments.
  • You have a choice. And it is fairly simple. Work your entire life for the money you earn. Or start today to putting your money to work for you. The top 10% of the population in terms of wealth earn 50% of our national income. Most of it does not come from wages, but from investments. While you may not be able to quit working tomorrow, you can start down the path toward greater financial independence.
  • Later in this seminar we will discuss the step steps to financial freedom plan. But for now it might be useful to examine your income and expenses before the next session. Really be honest and evaluate your findings. You may be able to locate some areas where you can cut back on spending or see more income coming your way. Take that extra little bit and start saving it, build up a safety net. Then start investing wisely.

Financial Freedom Getting Started Financial Freedom Getting Started Presentation Transcript

  • Family Financial Freedom Seminars Getting Started Floyd SaundersSaunders Learning Group, LLC
  • 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 presentations, contact us to discuss topics, pricing and custom development. Programs are available in a wide range of topics, and we are specialists in developing custom programs that are targeted to your needs. Contact the founder, Floyd Saunders at 316-680-6482 or at floyd@floydsaunders.com for more information. Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Agenda Why People FailRoadblocks to Financial Freedom Financial Freedom is a ProcessHow the “Rule of 72” Affects YouMaking Your Money Work For You What Are Your GoalsSaunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • “In this world nothing can be said to be certain, except death and taxes.” Benjamin FranklinSaunders Learning Group, LLC, Andover, KS Module One – Getting Started 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 often 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 retirement at least a year  43% of Americans have less than $10,000 saved for retirement  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 retire. “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. Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Painful reality: 80% of Americans have less than six months of income in reserve Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • 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. Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Roadblocks to Financial Freedom No Goals Ignorance Debt Poor Investments Inflation Taxes Procrastination Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Making Financial Freedom Real – It’s a Process  Requires effort on your part  Uses sound practical information  Ability to apply proven concepts to move toward financial freedom  Willingness to seek the help of experts. Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • How Long Before You Can Double Your Money? Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Rule of 72 At Different Interest Rates Bank Savings Account?Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • How the “Rule of 72” Affects YouSaunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Making Your Money Work For You Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • 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 goalSaunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • What Are Your Goals? Questions to be addressed before setting goals 1. How long will you continue 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. Retirement 4. Transferring assets 5. Charity Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • What do you want out of life? What matters most to you?  More time with family  Financial security  Peace of mind  Independence What will money do for you?  Travel, vacation plans  Lifestyle in retirement  Eliminate debt  Childrens education Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Short-Term GoalsFor example, over the next three to nine monthsI 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 Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • 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. Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • 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!) Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • How do your Goals Match Up Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • 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. Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Turn Goals Into Realities Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • How “SMART” are you 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. Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • QuestionsSaunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • Post Workshop Action Plan  Complete the Post Workshop Action Plan Saunders Learning Group, LLC, Andover, KS Module One – Getting Started
  • 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 (available soon). 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.Saunders Learning Group, LLC, Andover, KS Module One – Getting Started