This document discusses the benefits of proactive financial planning compared to reacting to economic conditions. It notes that fear and anxiety are common when markets fluctuate but that taking action such as developing a financial plan can help people feel more in control. The document cites a study finding that people with financial plans feel more prepared and in control of their financial futures than those without plans. It emphasizes that planning helps clarify goals and test "what if" scenarios, reducing worry. Developing a long-term written plan with a financial advisor's assistance can help people stay on track to achieving goals.
Based in Las Vegas, Nevada, Paul Mathieson has built a successful career as a financial professional throughout the last two decades. Since 2005, Paul Mathieson has overseen personal loan operations at IEG Holdings, which offers five-year, $5,000 unsecured loans with an average annual percent rate (APR) of 29.9 percent or less.
DNA Behavior International is a global behavioral sciences firm established in 2001 to provide innovative online behavioral management solutions.
We use validated behavioral
insights for enabling the delivery of meaningful employee and client experiences customized to their unique style.
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
The Australian economy is going great but for how long?
There's new principles to consider in digital strategy, if you don't think about them now it may be too late.
Based in Las Vegas, Nevada, Paul Mathieson has built a successful career as a financial professional throughout the last two decades. Since 2005, Paul Mathieson has overseen personal loan operations at IEG Holdings, which offers five-year, $5,000 unsecured loans with an average annual percent rate (APR) of 29.9 percent or less.
DNA Behavior International is a global behavioral sciences firm established in 2001 to provide innovative online behavioral management solutions.
We use validated behavioral
insights for enabling the delivery of meaningful employee and client experiences customized to their unique style.
It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.
The Australian economy is going great but for how long?
There's new principles to consider in digital strategy, if you don't think about them now it may be too late.
Managing your expenses within the framework of a budget is necessary to survive financially. A budget is the best way to break the crippling cycle of debt. U.S. consumer debt has reached epidemic proportions. According to the Federal Reserve, Americans have accumulated more than $2 trillion in consumer debt and charged more than $740 billion on their credit cards.
2013 CSAAEINC Foundation Conference
Financial Responsibility: Personal Finance Basics and the Time Value of Money
By Dr. Bongo Adi
Lagos Business School
Our services are designed for business owners, senior executives & professionals, retirees, well established families and sports & entertainment individuals who require professional assistance managing their wealth – each with their own story.
NEFE Money Management for Military Personnel Preparing for DeploymentForrest Baumhover
If you are a servicemember or military family preparing for a first deployment, this presentation can help walk you through the steps you need to take.
"If you are also one of these people who do not know why finance knowledge is important. So let's talk about why finance knowledge is important and how to become financially literate.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Managing your expenses within the framework of a budget is necessary to survive financially. A budget is the best way to break the crippling cycle of debt. U.S. consumer debt has reached epidemic proportions. According to the Federal Reserve, Americans have accumulated more than $2 trillion in consumer debt and charged more than $740 billion on their credit cards.
2013 CSAAEINC Foundation Conference
Financial Responsibility: Personal Finance Basics and the Time Value of Money
By Dr. Bongo Adi
Lagos Business School
Our services are designed for business owners, senior executives & professionals, retirees, well established families and sports & entertainment individuals who require professional assistance managing their wealth – each with their own story.
NEFE Money Management for Military Personnel Preparing for DeploymentForrest Baumhover
If you are a servicemember or military family preparing for a first deployment, this presentation can help walk you through the steps you need to take.
"If you are also one of these people who do not know why finance knowledge is important. So let's talk about why finance knowledge is important and how to become financially literate.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
3. The Emotional Reality
• You are not alone.
– Fear and anxiety are commonplace when the market experiences
periods of fluctuation.
– The reality is that your investments increase and decline along with
overall market performance everyday but sharp declines can
impact us emotionally.
• An emotional response is a natural response.
– We’re humans, not machines! Emotions will always play a role in how
we deal with challenging situations.
– But how can we acknowledge our emotions and still manage our finances?
• Take some time to verbalize how you feel.
– Sometimes simply stating how you feel or writing it down can help release
the tension.
– Once you’ve respected the emotion, you may be able to focus on action.
4. What’s the Secret to Worrying Less?
• No magic bullet
• Empowerment through action
• The benefits of financial planning
– Results of a study conducted in 2008* by the Financial Planning
Association and a leading financial institution
5. Study Statistics Worth Noting
• 50% of the planning participants feel that they are in
control of their financial future.
• 9 out of 10 planning participants (88%) feel that they have clear
financial direction, which is about 50% higher than those
who don’t have professional support.
6. • Planning participants are 50% more likely to say their goals
and dreams are financially secure.
• 42% of planning participants feel extremely or very prepared
for retirement (vs. 16% of those without an advisor).
Study Statistics Worth Noting continued
7. What’s Most Important to You?
• One benefit of planning is that it gets you thinking about what
is really most important to you.
• Your concerns over your finances are likely more specific than
“I want more money.”
– What is the “why?” behind your goals?
• What is meaningful to you may not always be quantified in dollars
and cents.
8. Important, Intangible Goals
• We already mentioned that some of the items that are important
to you are going to be less tangible, like:
– Family
– Community service
– Leaving a legacy
• These intangible items can be reframed in terms of
quantifiable financial planning goals, like:
– Protecting your family by having adequate insurance
– Leaving behind a legacy with a properly structured estate plan
– Giving back to your community with a charitable trust
9. A Methodical Approach to What-If Worries
• It’s normal to question how things would look for you if different
variables changed.
– How will adjusting certain goals for time and cost impact your
ability to attain them?
– What if you were to save more and spend less?
– What if you had to save less?
– What if your investments declined more or less over time?
• An investment analysis tool can provide perspective
– An investment analysis tool can help you to understand potential outcomes
by taking past market conditions into account.
10. A Written Financial Plan
• Road map to your goals
• Includes probability of reaching goals based on testing
• Living, breathing document
– A good plan is updated regularly—typically annually—to ensure that it still
matches your current situation and accounts for any changes.
– A financial professional monitors the plan and keeps you on track with
your goals.
– Just like no two clients are alike, no two plans are alike!
12. Financial Planning Myths
Myth #1
Financial planning is for the wealthy.
Truth: Financial planning is for anyone who
wants to take control of their financial goals.
13. Financial Planning Myths continued
Myth #2
I don’t need life insurance until I’m old
(or I already have enough insurance).
Truth: The amount of insurance you need is
based on several factors, not simply age. Many
people think they have adequate coverage but
may not.
14. Financial Planning Myths continued
Myth #3
I can’t afford professional advice.
Truth: The cost to your goals and your emotions
may outweigh the cost of professional advice.
15. Helpful Websites
• www.mint.com – budgeting info
• www.dinkytown.net – financial calculators
• www.bankrate.com – bank lending rates
• www.annualcreditreport.com – credit reporting info
• www.AARP.com – consumer information
16. You Don’t Have to Go It Alone
• Taking control does not mean you have to uncover all of the
solutions on your own.
• A financial professional can assist you with:
– Goal definition
– A written financial plan
– Financial planning for
• Estate plan coordination
• Retirement income planning
• Charitable giving
• Risk management
• And . . . everything else!
• Proactive planning = Less anxiety
17. Contact Us
Kris Maksimovich, AIF®, CRPC®
18170 Dallas Parkway, Suite 103
Dallas, TX 75287
(972) 931-3818
info@gwadvisors.net | www.gwadvisors.net
Editor's Notes
How do you think this person is feeling right now? <Let audience make suggestions, which will likely be along the lines of lost, scared, confused, nervous . . .>
Why do you think this person feels this way? <Let audience think about it; they will likely not able to come up with a response/guess.>
We don’t really know why this person looks/feels this way, but we can probably guess that, whatever it is, they will be able to deal with the issue and make it through. They won’t always feel the way they are portrayed in the image.
How do we know this? What are some examples of times in your life when you’ve had to deal with an obstacle and tackle unpleasant feelings? <Allow audience to talk about times they’ve had to do this. Consider sharing your own story.>
The reason we are able to speculate that this person is going to be okay is because we, too, have had challenging experiences in our lives, and we have managed to work through them to get to a better state of mind. The same process of overcoming, and dealing with, difficult events holds true when considering the recent market turbulence and its impact on your finances. We are going to talk today about how you’re feeling and also about what you can do to effectively minimize your financial worries. You can proactively take control of your financial life!
Confused, stressed, afraid? These are just a few of the emotions people naturally experience when there is volatility in the investment markets. Whether you are starting to build a nest egg, or are close to retirement, the reality is that the market’s negative performance will likely impact your investments. That’s not a good feeling, and it is not one that we should try to pretend we don’t have. We are human, not machines, and humans feel and react emotionally to circumstances beyond (and even within) our control.
The tricky thing with emotional responses, though, is that they often result in ill-advised action. It’s nearly impossible to make a sound decision when you are responding out of fear or anxiety. Sometimes it helps to simply verbalize or write down the feelings we’re having or to share them with someone—a financial professional, friend, or family member, for example—in order to release some of the tension. Once you’ve acknowledged the emotion and others have supported your feelings, you may find it easier to focus on making a decision that’s not tied to your emotional response.
There is certainly no quick, magic solution to worrying less. You likely know people who are much more anxious than you, and others who seem completely calm, and it’s hard to pinpoint why each individual may feel so differently. Sometimes it’s a matter of personality, but it may also be a matter of acting instead of reacting. We typically feel more powerful when we are doing something than we do when something is being done to us. The same logic carries through to your finances and how you feel about them.
One way you can take action is through the use of financial planning services. Not only is financial planning a proactive approach, but a recent Financial Planning Association study unveiled some major benefits of utilizing financial planning that branch beyond just dollars and cents and into emotional well-being.
*FPA® and Ameriprise® Value of Financial Planning study conducted by Harris Interactive, August 2008. The Financial Planning Association (FPA) and Ameriprise Value of Financial Planning Study: Consumer Attitudes and Behaviors in a Changing Economy was conducted online within the United States by Harris Interactive on behalf of the Financial Planning Association and Ameriprise Financial between June 27 and July 18, 2008, among 3,022 adults with greater than $50,000 in annual income or investable assets. No estimates of theoretical sampling error can be calculated; a full methodology is available.
Study results are revealing when it comes to how much more secure those participating in financial planning feel compared with those who don’t have professional support. While it is not a 100% cure-all, taking a financial planning approach to your finances could very well offer some much needed stress-relief.
The underlying question clients face during the financial planning process is, “What’s most important to you? And how can we make sure those needs are addressed?”
No one wants to lose money, and, most people, if asked, would say they simply want more of it. That’s certainly reasonable, but when we think about money, we don’t often consciously think of the “why?” behind our desires—meaning, we may be focusing too much on needing more money, when we should be considering the goals we want that money to help us pursue. You may want to make a list of the specific goals you are seeking to meet. For example, you may want to fund a child’s education, you may want to retire early and to have a specific lifestyle during that retirement, you may want to take a small vacation next summer or save for a dream vacation down the road.
When you’re considering what’s important to you, there may be other answers than tangible things. Your answers may be more along the lines of “my family is important to me” or “leaving a legacy is important to me” or “giving back to the community has always meant a lot to me.” Whatever comes up for you should be considered. How you go about these less tangible goals is part of the bigger planning picture.
The beauty of financial planning is that you will be asked to consider your feelings about money and what you want to do with it—so you can develop the most meaningful set of goals possible. You will start thinking in terms of goals instead of performance, and with that change comes a freedom from some of the daily market worry.
Remember those intangible things that are important to you? Well, it’s possible to quantify them and add them to your list of goals. For example, the importance of family may come through in having a professional work on a proper estate plan to make sure your heirs are taken care of when you’re gone. Or perhaps you haven’t bought the appropriate insurance or you don’t have enough of it to protect all the plans you have in place should the unthinkable happen. Maybe a personal passion turns into the form of a charitable trust or other vehicle by which you can give back to your community or another recipient.
It’s natural to worry about the what-ifs. These are the things that may keep you up at night as you consider your goals and the many different factors that could help or hinder them. Another beautiful thing about financial planning is that it provides a methodical approach to all of these what-if scenarios, so you don’t have to worry.
Investment analysis tools contain complex math and logic, but they boil down to a way to take into account different market cycles and other variables and offer an understanding of what could.
Instead of running through the scenarios in your mind, you can let a financial professional take that stress from you with a formal process.
One of the outcomes of a written financial plan is the testing we just discussed. The probability of reaching your goals based on different variables is an invaluable piece of information as you look to proactively plan for the future. You may find that you are right on track. What a relief that is! Or you may find you have areas to improve upon. The point is that you are doing something positive to make those changes. Knowledge is power, and your written financial plan puts that power in your hands.
A plan should not be considered a one-time, set-in-stone document. It changes as your situation changes. You may meet goals, add goals, alter goals, or have a change in income, savings, or net worth. The possibilities for change are limitless and so must be the opportunities to update and reevaluate your plan.
Without a plan, your efforts simply lack purpose. You need the “why?” for your endeavors to have meaning. The plan lays this out for you plainly, and a professional can guide you from there.
Because there are so many issues involved in your financial life, the application of the full financial planning process makes sense to address your concerns. Knowing that you have a time-tested process in place will relieve some of the anxiety that comes with tackling your most important goals and concerns.
As you move through the process, you’ll go from the very broad (such as that goal finding and quantifying piece we discussed) to the very granular (such as picking out the specific insurance carrier and product type you’ll need to meet your family’s needs). Last in line is that crucial component of monitoring and updating your plan regularly.
Misinformation or misperception can derail even the best intentions. There are a multitude of financial planning myths floating around, but the following are some of the most common I/we come across.
Financial professionals like myself have many ways of engaging with our clients in order to find the most cost-effective and appropriate solutions. Don’t rule out financial guidance and the opportunity to minimize your financial stress based on this myth, which is largely a result of Myth #1—that only the wealthy need planning.
There are websites available to help you with some of your less complicated calculations and goals. You may want to investigate these—remembering to always keep the purpose behind your goals in mind—as a starting point. You will likely find that there are areas where you need additional guidance and support, whether it is in the form of a written financial plan or expert consultation on specific topics.
You can take control of your financial life and proactively relieve anxiety without having to go it alone. There are lots of helpful sites and resources, but none of them can take the place of expert financial guidance from a qualified professional. Isn’t it about time you stopped letting the market control your thoughts and you started controlling your own actions?
Call us to start taking control of your financial life and to begin charting the road map to your financial future and a less-stressed state of mind.