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Winning Your Game: Wealth

Published on Nov 18, 2015

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PRESENTATION OUTLINE

1.

Winning Your Game: Wealth

For the "I Don't Give a Sh*t" Millennial
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2.

Your Goals = Our Goals

  • Maximize Your Wealth
  • Increase your flexibility but take less risk
  • Unlock unique ways to save on taxes
  • Increase your retirement income flows
Everyone in here has their own unique goals. These are just general goals that I feel as though anyone should want to accomplish.
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3.

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compare how we macro-manage with how their company macro-manages

Give P&C example; raise Auto and Home deductible to save money on annual premiums to distribute elsewhere (umbrella policy)...25 is the magic age
4.

Why are You Saving Money?

  • Car
  • House
  • Leisure
  • Expenses
  • Emergency
  • Life Events
  • Retirement?
Why are you giving up current enjoyment of your income today?

Wetting the bed is a lot like saving for retirement…it feels great when it is happening but it sucks when you gotta get up and actually do something about it.
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5.

Why Can't You Save Money

  • Bills
  • Lifestyle
  • Low Income
  • Lack of Knowledge
  • Debt
Should be saving 15% of your annual income, and try to have 6 months of emergency savings fully liquid in case of an emergency.

How many people here have student loan debt? Did you ever think if something were to happen to you, who these loan institutions would go after for the remaining balances? Need protection for this...
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6.

Student Loan Debt

  • Private vs Federal?
  • If Federal, which paydown method are you using?
  • Is there a better option you are unaware of?
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7.

Things Change: Eroding Factors

  • Planned obsolescence
  • Technology
  • Inflation
  • Market Volatility
  • Laws/Taxes
Companies plan for their products to only last so long before they have a new and improved product that will surpass it.

By 2042, social security trust fund will be exhausted

Debt- increases at approx $1.6 billion per day. Every one of the 300 million Americans would have to pay $28,511.

Tax- funded health care=medicare
Baby boomers rapidly retiring
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8.

Start Saving Early. . .

It Helps To accomplish your Financial goals
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9.

Scenario: The Bash Brothers
Dean Portman = 22 yr old who begins saving
Fulton Reed= 30 yr old who begins saving
Dean stops contributions at age 30
Who has more $ at age 65?

10.

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Dean---Invests $13,200 total
Fulton---Invests $59,400 total
11.

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There's no perfect solution for saving and accumulating wealth, however, there are several different strategies we utilize to help people build stronger financial futures. Everyone is unique, therefore, everyone's strategy is completely tailored to them based off of their individual needs and desires.
12.

What Happens at Retirement?

You have Earned a Pile of Wealth, Now What?
How do you spend down this money?

Go from a man and woman at work to now dollars at work for the rest of your life

See: Wealth Building Cornerstones
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13.

Sources

  • LEAP Systems, LLC.
  • IMDRT.Org. "New Survey Shows 84 Percent of Millennials Are Worried About Making Ends Meet"
  • Wealth Building Cornerstones
14.

1847Financial

Thanks
The significance: People put more time toward planning a 2 week-long vacation than they do toward planning their entire financial future and ultimately a potential 30-40 year vacation (retirement).

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