The document provides strategies for surviving financially through difficult economic times. It outlines 5 cash flow strategies, 5 investment strategies, and 3 retirement strategies. The cash flow strategies include tracking spending, distinguishing between necessities and luxuries, and having emergency savings. The investment strategies focus on patience, realistic expectations, avoiding emotional decisions. The retirement strategies suggest flexibility, continuing some work, and protecting savings from inflation. The overall goals are to develop strategies to weather economic challenges and make informed financial decisions.

1. Strategies for Surviving this Season Jayson Cardwell

2. Overview Cash Flow Strategies 5 Strategies for day-today living Investment Strategies 5 Strategies for accumulating and keeping wealth Retirement Strategies 3 Strategies for when accumulation stops and distribution begins.

3. Goals Assist you in developing personal financial strategies to survive through this economy. Highlight areas of your personal finances where you may need to improve. Inform, educate and encourage individuals and families to make strong, sound financial decisions.

4. Cash Flow Strategies Understand the purpose of your income Know why you have an income Know what it’s purpose is and isn’t Have a clear understanding and purpose of what money is helps to keep you from abusing it

5. Cash Flow Strategies Know where your inflow has out flowed to Tracking your spending monthly Analyze where your income is going to determine if you’re spending efficiently Overspending and want-based spending can easily occur without accountability.

6. Cash Flow Strategies Understand the difference between a necessity and a nicety. Necessity has one of two components Sustain life, health, and general wellness Provides profitable income Nicety is anything more then that. Ensure that your necessities are covered long before you indulge in your niceties.

7. Cash Flow Strategies Make yourself the worst, most harassing bill collector you’ve ever encountered. Treat your savings like a debt/bill Any income not spent, or allocated is savings Have a liquid savings account readily available within three days that is strictly for emergency usage.

8. Cash Flow Strategies Sacrifice shouldn’t invoke dread; not when you have goals that call for it. Remind yourself that long-term gain calls for short-term pain. Draft short-term, intermediate, and long term goals. Consistency in reaching your goals requires consistency in sacrificing.

9. Investment Strategies Above all have patience Recovery will take time; it takes longer to build then destroy The markets may not respond on your time frame Altering your trading and investment strategy to accelerate you’re a rebound may cause more harm then good.

10. Investment Strategies Be realistic about your expected outcomes Understand the correlation between risk and reward Do not expect more from something then what you are willing to give it Raging bull markets are few and far between, quick and fast money should be steered clear from, remember Aesop’s Fables.

11. Investment Strategies A guaranteed return simply does not exist No one can guarantee a return in any market Even the safest returns are diluted by inflation All returns should be assumed; no persons or investments are beyond the reach of losses.

12. Investment Strategies There are no emotional attachments in the market A investment whether a stock, bond, mutual fund, or ETF is simply that, an investment. Do not make decision in whether to keep or sell an investment based upon an attachment, because it’s not thinking about you. Emotional attachments to the market will yield to stress, indecision, and poor choices.

13. Investment Strategies Give strength to your strengths Not everyone is a DIY investor; it’s okay to admit you don’t know what is best. Spending time and energy in areas that are areas of weakness steal time and energy from those areas that can yield profitable ventures and wealth. Specialist exist in every area of life, they are there for a reason.

14. Retirement Strategies Be flexible in redefining your retirement. You may need to change your ideal retirement Don’t be afraid to postpone purchases and vacation to prolong capital Flexibility now can lead to your ideal retirement later.

15. Retirement Strategies Don’t make ‘work’ a four letter word Part-time and even full time income will prolong the capital you’ve saved already Continuing to work will only be temporary Continuing to work, whether it’s just yourself or you and your spouse can afford you a greater sense of financial peace.

16. Retirement Strategies Keep an eye on your buying power. Rising inflation erodes the value of cash flow payments Consult a financial advisor about whether or not to annuitize an annuity. What seems to be a large sum of income now, won’t be that way in 5, 10, and 20 years.

17. Conclusion Everyone’s personal finances are different, consult a financial advisor about your specific situation. Through proper planning and strategy long lasting effects of a poor economy can be avoided. Developing appropriate strategies and plans for ones finances is needed for everyone no matter what your wealth status or stage in life.