The document outlines a financial workshop by Saunders Learning Group, focusing on personal financial planning, budgeting, and strategies for achieving financial freedom. It emphasizes the importance of developing a positive money attitude and provides steps for effective financial management, including creating a budget, debt reduction, and establishing emergency funds. Additionally, it promotes seminars on family financial freedom and offers resources for further education in financial services.

1. Workshop
Module Two:
Making Your
Money Work
Saunders Learning Group, Newton, KS

2. 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
topics,
pricing
and
custom
development.
Order
your
copy
of
this
seminar
at:
Link
to
Scribd
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
informa@on.
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

3. Agenda
Putting More Money To Work
Where To Start – Your Net Worth
Getting a Grip on Spending
Personal Budgeting
Making Your Money Work For You
Creating The Action Plan
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

4. “Money
is
beRer
than
poverty,
if
only
for
financial
reasons.”
-­‐
Woody
Allen
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

5. Your Attitude Toward Money, Quiz
Your
mental
aWtude
toward
money
will
largely
determine
how
successful
you
are
with
achieving
financial
freedom.
In
the
book
“Secrets
of
the
Millionaire
Mind”
the
author,
T.
Harv
Eker
talks
about
the
mental
aWtudes
that
create
wealth.
In
a
similar
book
“The
Top
10
Dis-nc-ons
Between
Millionaires
and
the
Middle
Class”,
by
Keith
Cameron
Smith,
the
author
differen@ate
between
the
mindsets
of
the
rich
and
the
rest
of
us.
Let’s
see
if
you
have
the
mental
aWtudes
it
takes
to
be
financial
independent:
1. Do
your
believe
“I
create
my
life”
or
“Life
happens
to
me”?
2. Do
your
spend
your
@me
with
posi@ve
successful
people
or
is
your
circle
nega@ve
and
unsuccessful
people?
3. Do
your
focus
your
aRen@on
on
opportuni@es
in
front
of
your
or
the
obstacles
life
presents
us?
4. Do
you
get
paid
based
on
the
@me
you
contribute
or
based
on
results
achieved?
5. Do
you
focus
on
your
working
income
or
your
net
worth?
6. Do
you
work
hard
for
your
money,
or
do
your
let
your
money
work
hard
for
you?
7. Are
you
prepared
to
constantly
learn
new
things,
or
do
your
already
know
what
your
need
to
know?
8. Are
you
afraid
of
taking
risks,
or
can
you
take
calculated
risks
to
reach
a
goal?
9. Do
you
only
have
one
source
of
income,
or
do
you
have
mul@ple
sources
of
income?
10.
Do
you
focus
on
increasing
your
paycheck
or
increasing
your
wealth?
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

6. Your “Money Attitude” Part One
1.
Do
your
believe
I
create
my
life
or
Life
happens
to
me?
“Rich
people
believe:
“I
create
my
life”
2.
Do
your
spend
your
@me
with
posi@ve
successful
people
or
is
your
circle
nega@ve
and
unsuccessful
people?
“Rich
people
surround
themselves
with
posi-ve
successful
people.”
3.
Do
your
focus
your
aRen@on
on
opportuni@es
in
front
of
your
or
the
obstacles
life
presents
us?
“Successful,
rich
people
focus
on
opportuni@es
and
let
obstacles
become
opportuni@es.”
4.
Do
you
get
paid
based
on
the
@me
you
contribute
or
based
on
results
achieved?
“Poor
people
get
paid
based
on
-me,
rich
people
get
paid
based
on
results.”
5.
Do
you
focus
on
your
working
income
or
your
net
worth?
“Rich
people
focus
on
growing
their
net
worth”
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

7. Your “Money Attitude” Part Two
6.
Do
you
work
hard
for
your
money,
or
do
your
let
your
money
work
hard
for
you?
Rich
people
put
more
of
their
money
to
work
for
them.
7.
Are
you
prepared
to
constantly
learn
new
things,
or
do
your
already
know
what
your
need
to
know?
Rich
people
are
constantly
learning
new
things
8.
Are
you
afraid
of
taking
risks,
or
can
you
take
calculated
risks
to
reach
a
goal?
Rich
people
take
calculated
risk
for
a
greater
return
9.
Do
you
only
have
one
source
of
income,
or
do
you
have
mul@ple
sources
of
income?
Rich
people
have
mul-ple
sources
of
income
10.
Do
you
focus
on
increasing
your
paycheck
or
increasing
your
wealth?
Rich
people
focus
on
increasing
their
wealth
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

8. Putting More Of Your Money to Work
Personal financial planning is arranging to spend, save,
and invest money to live comfortably, have financial
security, and achieve goals.
.
Financial Freedom is everything in your life that involves
money.
Some of the benefits of personal financial planning are:
• You have more money and financial security.
• You know how to use money to achieve your goals.
• You have less chance of going into debt you cannot handle.
• You can help your partner and support your children, if you
have a family.
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

9. Overview of Financial Planning
Investments
Estate Planning
Tax
Planning
Cash Flow
and Budgeting
Insurance Planning – Risk Assessment
Financial Analysis: Statement of Financial Condition
Financial Planning Goals and Planning
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

10. Where To Start – Your Net Worth
! Assets: what you own
! Liabilities: what you owe
! Net worth = Assets – Liabilities
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

11. Steps to Financial Freedom
1. Budgeting
2. Debt reduction and avoidance
3. “Emergency fund”
4. Aggressive savings
5. Modest expectations
6. Flexibility and adaptability
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

12. Where Am I Today With Money?
To
figure
out
your
current
financial
situa@on,
make
a
list
of
items
that
relate
to
your
finances,
like:
" Savings
" Any
itestments
" Re@rement
accounts
" Monthly
income
(job
earnings,
allowance,
gifs,
and
interest
on
bank
accounts)
" Monthly
expenses
(money
you
spend)
" Debts
(money
you
owe
to
others)
When
you
have
determined
your
financial
situa@on,
you
will
be
able
to
start
planning.
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

13. Where the money goes
subtitle
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
13

14. Your Budget: A Key to Financial Freedom
!
Determine
how
you
Money
comes
and
goes:
— Income
(money
in)
! Wages
! Business
income
! Dividends
and
interest
— Expenses
(money
out)
! Mandatory
(fixed)
! Mandatory
(flexible)
! Discre@onary
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

15. Mandatory Expenses
! Fixed
— Housing: rent, mortgage
— Insurance
— Medical
— Debt payments: auto loan,
student loan, credit cards?
— Tuition and fees
— Taxes?
! Flexible
— Utilities: electricity, water, gas,
water, phone, etc.
— Food
— Clothing
— Transportation
— Savings
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

16. Discretionary Expenses
! Everything else!
— Entertainment: movies, cable, Netflix
— Dining out
— Gym membership
— Magazine subscriptions
— Travel
— Alcohol
— Gifts
— Trinkets, gizmos, gadgets and “stuff”
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

17. Getting A Grip on Spending
! Distinguish between wants and needs
— You need to get to work (perhaps!), you don’t need ! Pay yourself first by setting aside just 5 -15% of each and every paycheck for savings and investing income is how to build your financial freedom
! Either increase your income or decrease your expenses.
! You can find many monthly budget tools on line for mobile phone/tablet.
subtitle date 17
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

18. Budget Tips
Where did the money go?
— Reconstruct previous spending,
or start tracking current
spending
— Be consistent with
categorization
— Prioritize and plan future
spending
— Monitor and make changes, as
necessary
— Don’t forget to spend on
yourself, and don’t beat
yourself up over mistakes
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

19. Spending Plan: Prioritize!
! Debt reduction
! Establish an emergency fund
! Start saving for retirement now
! Evaluate and prioritize discretionary spending
based on your goals and values
— First/next home?
— Travel plans?
— The latest “it” thing
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

20. Making Your Money Work For You
Seven
things
you
can
do
to
have
more
financial
freedom:
1. Pay
off
all
consumer
debt
2. Pay
yourself
first
every
month
with
an
automa@c
savings
contribu@on
3. Establish
an
emergency
fund
4. Learn
the
common
sense
ways
to
invest
1. Mutual
funds
2. Dividend
Reinvestment
Programs
(Drips)
5. Buy
term
insurance
and
invest
the
savings
in
cost
6. Invest
in
tax-­‐deferred
re@rement
plans
7. Have
a
will,
durable
power
of
aRorney,
trust
accounts
as
needed
and
a
estate
plan
to
transfer
assets
as
you
wish.
subtitle date 20
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

21. Questions
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

22. Post Workshop Action Plan
! Complete
the
Post
Workshop
Ac@on
Plan
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
22

23. 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, Newton, KS Module Two: Making Your Money Work

24. 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. GeWng
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 your copy from Scribd
• Contact the author, Floyd Saunders for pricing and order details to
purchase the entire series of seminars: floyd.saunders@yahoo.com
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work