Financial Balance6 Key Points
PINPOINTLASER IN ON YOUR TARGET
PINPOINT- Laser In On Your Target• Start at the beginning – What do you really
want?• Pay bills and have a little extra John• Get out of debt• Go on vacation, travel the world• Be comfortable and not have to look at price
tags when I shop.• Stuff—boat, car, jewelry, house• Retirement
AHHHHH Retirement
That glorious day
Retirement Reality
• That was your parents retirement• You will not retire like that• You are too active, want to give back, be
remembered, make a contribution• You are going to go on to something bigger• BUT, you need to have money so that you can
make choices— have good options!
If Time and Money Were Not a factor, what would you do?
• Get that question a lot, intended to get you thinking. Is it really a fair question?
• Reality is, we do have to live within means• Reality is, you may have enough to do what
you want• Reality is, your future (retirement) may not
cost what you think
What Would Be on Your Bucket List?
FINANCIAL Wish List1._____________________________________2._____________________________________3._____________________________________4._____________________________________5._____________________________________
The Results We See
• Time• Freedom, security, home paid off• Discover myself• Time with family• Grandkids activities• Outdoors—gardening, golf, fishing, hunting• Travel, boat, antique car, EXPERIENCES• Everyday activities with peace of mind
A Few Items on My Bucket List
• Very similar to yours, AND
POINT ME IN THE RIGHT DIRECTIONTARGET IDENTIFIED, AMOUNT NEEDED
How Much $$$ Do YOU Need?
• Lots of thoughts and speculation• Media tells us $1,000,000• Could be far more, or far less• Need to determine what it is for you.
Income Analyzers
• Retirement income calculators• Input your numbers• Get your results• Find online, brokerage houses, current
advisor, call or email, we can point you in right direction
• We Use proprietary Income Analyzer
Sample Income Analyzer
POINT AYOUR STARTING POINT
Your Starting Point
• Where are your Savings, Investments, Pension, Retirement accts, etc?
• Input numbers with reasonable return, or better yet use your actual if you have
• Do you get a redline? Run out of money? Retire the way you want?
• Redline comes up—no fear, make changes
Out of Money Too Soon Solutions
• Where do you spend Money now? • Use a budget form, or small notebook to
track• Track expenses with
You Have The Power To Change
• Don’t like where money is going? • Start small, use debt consolidation form, take
control, seek help.• Once you know real numbers you can choose
how to proceed.
Payoff Credit or Save?
POINT BWORKING THROUGH CRITICAL POINTS SO YOU DON’T GO BACKWARDS
Working Through Critical Points
• Stay Positive—you didn’t get here overnight and consistent change takes time
• Mindset—do I want or do I need?• Retire later, part time job, consult, • Taxes will be a huge factor in the future• Inflation on the rise• Warren Buffet—”Rule #1 Never lose money
Rule #2 never forget Rule #1”
SCORING POINTSINVESTMENTS FOR YOU TO WIN
Choosing Investment so YOU Win
• We could spend hours on this section alone• Understand your time horizon• Know your risk tolerance• What were your objectives? You had them
written down previously.• A few options to choose—Annuity, Mutual
Fund, Managed Money, Stocks, Bonds
Annuity
• Guaranteed and safe• Lots of options for withdrawal• Existing pension plans are annuities• Very popular investment now is Index Annuity• Have written a few books on annuities and
investing, please ask if more interest.• Shortcomings– longer term investment, caps
and limits
Mutual Funds
• At least 25,000 of them out there• Simple and easy way to enter market• Wide investment selection• Broadens risk• Shortcomings—fees, trading expenses,
market timing, turnover expense ratio
Managed Money
• Using institutional money managers• Actively traded• You pick asset class and style, they do the rest• Lots of choices—strategic, tactical• Lower fees if using exchange traded funds• Shortcomings– fee could be higher
Stocks and Bonds
• Could purchase individual stocks and bonds• Stocks you own a share of the company. • Bonds mean debt—you are lending money to
a company or entity• Market moves very quick, lots of pro’s and
con’s to owning individual stocks and bonds• Would suggest you have a knowledge of the
market if choosing these vehicles
STARTING POINTSETTING YOUR PLAN FOR SUCCESS
Keys to Your Success Financially
• Get answers• Be true to your course• Be honest about who you are and what you
want/need• Seek help and guidance• Life is not dress rehearsal• Create a group • Remember why you are doing this….”So that”
Next steps
• Accountability• Community• Share with your friends• Start a group• Spread the news
www.personalbalanceblueprint.com