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