the “secret” of financial success
DESCRIPTION
The “Secret” of Financial Success. Young Nonprofit Professionals Network of Kansas City. Brook S. Deaver CFS, MBA. GATEWAY WEALTH MANAGEMENT, INC. A REGISTERED INVESTMENT ADVISER. Thank You!!. Thank you for the work you do and your passion for the cause. Important Questions. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/1.jpg)
Brook S. DeaverCFS, MBA
The “Secret” of Financial Success
GATEWAY WEALTH MANAGEMENT, INC.
A REGISTERED INVESTMENT ADVISER
Young Nonprofit Professionals Network of Kansas City
![Page 2: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/2.jpg)
2
Thank You!!
Thank you for the work you do and your passion for the cause
![Page 3: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/3.jpg)
3
• What should we be doing with our finances?• How do we stretch/maximize our financial
resources?
Important Questions
![Page 4: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/4.jpg)
4
c
Secret to Financial Success…
![Page 5: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/5.jpg)
5
…or your finances will eventually manage you
Intelligently Manage Your Finances
![Page 6: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/6.jpg)
6
Implement strategies that will help you avoid financial peril.
What is financial peril?
Create and Maintain a Plan
![Page 7: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/7.jpg)
7
• Death• Disability• Home, Possessions, Auto Loss/Damage• Injury or Illness• Basic Estate Planning Documents• “Running Out” of Money
Causes of Financial Peril that Must be Addressed
![Page 8: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/8.jpg)
8
• Self Insure• Depend on a “Rich Uncle”• Transfer Risk to an
Insurance Company• Hope (not a method)• Have a Plan!
Addressing Risk
![Page 9: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/9.jpg)
9
Death
No longer able to financially provide for those depending on you
Causes of Financial Peril that Must be Addressed
![Page 10: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/10.jpg)
10
Disability
Your ability to generate income is one of your greatest assets.
Causes of Financial Peril that Must be Addressed
![Page 11: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/11.jpg)
11
Home, Possession, Vehicle Loss/Damage
Causes of Financial Peril that Must be Addressed
![Page 12: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/12.jpg)
12
Injury or Illness
Not having enough money to pay for the cost of medical care if sick or injured
Causes of Financial Peril that Must be Addressed
![Page 13: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/13.jpg)
13
“Running out” of Money
Not having enough money to get through
difficult times or to sustain retirement
Causes of Financial Peril that Must be Addressed
![Page 14: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/14.jpg)
14
“Easy” Cash Flow Management
• Net Income [Plus Non-tax-related Deductions]• Must Haves [50% Target]• Savings [20% Target]• Wants [30% Target]
Manage to the “Wants” Number
Cash Flow Management
![Page 15: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/15.jpg)
15
• Maximize the value of the employer matching dollars in the retirement plan at work
• Would you rather have 75 cents today or $2.00 for the future?
Take Advantage of Tax Breaksand
“Free Money”
![Page 16: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/16.jpg)
16
• Fear of Recession
• Slowing Economic Growth
• Volatile Markets
• Sub-Prime/Credit Woes
Where to Invest In These
“Turbulent Times”
![Page 17: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/17.jpg)
17
• Bull Markets
• Stocks, Bonds, Bills, and Inflation
• Penalty for missing the markets
Handouts
![Page 18: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/18.jpg)
18
Brook S. Deaver, CFS, MBA
GATEWAY WEALTH
MANAGEMENT, INC. A REGISTERED INVESTMENT ADVISER
9401 Indian Creek Parkway, Ste 470Overland Park, Kansas 66210
Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser
![Page 19: The “Secret” of Financial Success](https://reader035.vdocuments.us/reader035/viewer/2022062517/56813974550346895da10a98/html5/thumbnails/19.jpg)
19
Disclaimer
• Figures are past results and not indicative of future results. Markets will fluctuate and not all investments are suitable for everyone.
• Investments are not FDIC-insured nor are they deposits of or guaranteed by a bank or any other entity, so they may lose money.
Disclaimer