The “Secret” of Financial Success

Brook S. DeaverCFS, MBA

The “Secret” of Financial Success

GATEWAY WEALTH MANAGEMENT, INC.

A REGISTERED INVESTMENT ADVISER

Young Nonprofit Professionals Network of Kansas City

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Thank You!!

Thank you for the work you do and your passion for the cause

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• What should we be doing with our finances?• How do we stretch/maximize our financial

resources?

Important Questions

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c

Secret to Financial Success…

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…or your finances will eventually manage you

Intelligently Manage Your Finances

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Implement strategies that will help you avoid financial peril.

What is financial peril?

Create and Maintain a Plan

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• 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

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• Self Insure• Depend on a “Rich Uncle”• Transfer Risk to an

Insurance Company• Hope (not a method)• Have a Plan!

Addressing Risk

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Death

No longer able to financially provide for those depending on you

Causes of Financial Peril that Must be Addressed

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Disability

Your ability to generate income is one of your greatest assets.

Causes of Financial Peril that Must be Addressed

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Home, Possession, Vehicle Loss/Damage

Causes of Financial Peril that Must be Addressed

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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

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“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

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“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

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• 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”

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• Fear of Recession

• Slowing Economic Growth

• Volatile Markets

• Sub-Prime/Credit Woes

Where to Invest In These

“Turbulent Times”

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• Bull Markets

• Stocks, Bonds, Bills, and Inflation

• Penalty for missing the markets

Handouts

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Brook S. Deaver, CFS, MBA

GATEWAY WEALTH

MANAGEMENT, INC. A REGISTERED INVESTMENT ADVISER

9401 Indian Creek Parkway, Ste 470Overland Park, Kansas 66210

[email protected]

Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser

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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