We often find money to be an obstacle to our well-being. Financial well-being is a new way of life, and it is available to anyone in any circumstance.

1. Financial Well-being
Fi i l W ll b i
A new way of life
Ilona Dolinska-Reiser
www.mywealthskills.com
Definition of Wealth
Derived from Weal – lit. the state of being
well. A sound, healthy, prosperous state
• Wealth – well and suffix th
• Well being or wealthfare; a collective term
ll b l hf ll
for riches; material possessions in all their
variety; affluence; opulence; profusion;
abundance
Source: Webster’s New Collegiate Dictionary
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Measures of Wealth
1. Financial aspect measured by Net Worth
• Net worth = what you own – what you owe
• Net Worth = assets – liabilities
2. Your state of mind measured by your
experience of life
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2. Defining your financial well-
being
Your desired state of mind:
Your desired Net Worth:
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Financial Well-being as a destination
Rank your:
• current state of mind in comparison to
desired state of mind on scale of 1‐10
• 10 being your current experience of life is consistent with your
10 being your current experience of life is consistent with your
desired experience of life
• current Net Worth in comparison to the
desired Net Worth
• 10 being your current net worth equals to your desired net worth
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Achieving Financial Well-being
Designing a Personal Financial Strategy – a vision
for your life:
1. Knowing your current financial situation
2. Dreaming and translating your dreams into specific
goals
3. Planning and adjusting your plan
4. Managing what you have in a way that has your life work
today and in the future
5. Using your savings to achieve your financial well‐being
6. Knowing yourself and managing your state of mind on
an on‐going basis
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3. Uncovering your current strategy:
1. Knowing your current financial situation

2. Dreaming and translating your dreams into specific goals

3. Planning and adjusting your plan
Planning and adjusting your plan

4. Managing what you have in a way that has your life work

5. Using your savings to achieve your financial well‐being

6. Knowing yourself and managing your state of mind on an on‐going basis

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Developing Your Financial Well-
being
Wealth Skills offers a one day seminar in which you:
• Design a Personal Financial Strategy that makes
your life work the way you desire
• Develop wealth skills which will enable you to fulfill
your strategy and live a life of Financial Well‐being
your strategy and live a life of Financial Well being
• Next workshop is in Atlanta GA on Saturday, June
13th, 2009
• Register on‐line at www.myWealthSkills.com
• Tuition is $149
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Questions
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