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Workshop 
Module Two: 
Making Your 
Money Work 
Saunders Learning Group, Newton, KS
Training from Saunders Learning Group 
Saunders 
Learning 
Group 
provides 
a 
variety 
of 
training 
programs, 
workshops...
Agenda 
Putting More Money To Work 
Where To Start – Your Net Worth 
Getting a Grip on Spending 
Personal Budgeting 
Makin...
“Money 
is 
beRer 
than 
poverty, 
if 
only 
for 
financial 
reasons.” 
-­‐ 
Woody 
Allen 
Saunders Learning Group, Newton...
Your Attitude Toward Money, Quiz 
Your 
mental 
aWtude 
toward 
money 
will 
largely 
determine 
how 
successful 
you 
are...
Your “Money Attitude” Part One 
1. 
Do 
your 
believe 
I 
create 
my 
life 
or 
Life 
happens 
to 
me? 
“Rich 
people 
bel...
Your “Money Attitude” Part Two 
6. 
Do 
you 
work 
hard 
for 
your 
money, 
or 
do 
your 
let 
your 
money 
work 
hard 
fo...
Putting More Of Your Money to Work 
Personal financial planning is arranging to spend, save, 
and invest money to live com...
Overview of Financial Planning 
Investments 
Estate Planning 
Tax 
Planning 
Cash Flow 
and Budgeting 
Insurance Planning ...
Where To Start – Your Net Worth 
! Assets: what you own 
! Liabilities: what you owe 
! Net worth = Assets – Liabilities 
...
Steps to Financial Freedom 
1. Budgeting 
2. Debt reduction and avoidance 
3. “Emergency fund” 
4. Aggressive savings 
5. ...
Where Am I Today With Money? 
To 
figure 
out 
your 
current 
financial 
situa@on, 
make 
a 
list 
of 
items 
that 
relate...
Where the money goes 
subtitle 
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work 
13
Your Budget: A Key to Financial Freedom 
! 
Determine 
how 
you 
Money 
comes 
and 
goes: 
— Income 
(money 
in) 
! Wages ...
Mandatory Expenses 
! Fixed 
— Housing: rent, mortgage 
— Insurance 
— Medical 
— Debt payments: auto loan, 
student loan,...
Discretionary Expenses 
! Everything else! 
— Entertainment: movies, cable, Netflix 
— Dining out 
— Gym membership 
— Mag...
Getting A Grip on Spending 
! Distinguish between wants and needs 
— You need to get to work (perhaps!), you don’t need ! ...
Budget Tips 
Where did the money go? 
— Reconstruct previous spending, 
or start tracking current 
spending 
— Be consiste...
Spending Plan: Prioritize! 
! Debt reduction 
! Establish an emergency fund 
! Start saving for retirement now 
! Evaluate...
Making Your Money Work For You 
Seven 
things 
you 
can 
do 
to 
have 
more 
financial 
freedom: 
1. Pay 
off 
all 
consum...
Questions 
Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
Post Workshop Action Plan 
! Complete 
the 
Post 
Workshop 
Ac@on 
Plan 
Saunders Learning Group, Newton, KS Module Two: M...
Reference Material 
Family Financial Freedom 
140 pages 
ISBN 978-1-60-746269-9 
Available Formats: 
6"x9" paperback 
PDF ...
Family Financial Freedom Seminars 
• This series of seminars on family financial freedom is available to all trainers, 
ed...
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Make Your Money Work Harder Than You Do Module 2

The seminars are available to anyone including financial planners, and other professionals in the financial services industry who would like a set of the materials, participant's workbooks or the Family Financial Freedom book (discounts for volume purchases)You can now view the presentation here, order the Family Financial Freedom book from any of the ebook sites for iPhone, iPad, Kindle, Nook, Kobo reader etc. contact me at floyd.saunders@yahoo.com for a copy of the presentation or more information on how to get seminar materials.

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Make Your Money Work Harder Than You Do Module 2

  1. 1. Workshop Module Two: Making Your Money Work Saunders Learning Group, Newton, KS
  2. 2. Training from Saunders Learning Group Saunders Learning Group provides a variety of training programs, workshops and seminars targeted to the financial services industry. If you are financial planner, broker, tax preparer, insurance agent or banker and need seminar materials for client presenta@ons, contact us to discuss topics, pricing and custom development. Order your copy of this seminar at: Link to Scribd Programs are available in a wide range of topics, and we are specialists in developing custom programs that are targeted to your needs. Contact the founder, Floyd Saunders at 316-­‐680-­‐6482 or at floyd@floydsaunders.com for more informa@on. Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  3. 3. Agenda Putting More Money To Work Where To Start – Your Net Worth Getting a Grip on Spending Personal Budgeting Making Your Money Work For You Creating The Action Plan Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  4. 4. “Money is beRer than poverty, if only for financial reasons.” -­‐ Woody Allen Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  5. 5. Your Attitude Toward Money, Quiz Your mental aWtude toward money will largely determine how successful you are with achieving financial freedom. In the book “Secrets of the Millionaire Mind” the author, T. Harv Eker talks about the mental aWtudes that create wealth. In a similar book “The Top 10 Dis-nc-ons Between Millionaires and the Middle Class”, by Keith Cameron Smith, the author differen@ate between the mindsets of the rich and the rest of us. Let’s see if you have the mental aWtudes it takes to be financial independent: 1. Do your believe “I create my life” or “Life happens to me”? 2. Do your spend your @me with posi@ve successful people or is your circle nega@ve and unsuccessful people? 3. Do your focus your aRen@on on opportuni@es in front of your or the obstacles life presents us? 4. Do you get paid based on the @me you contribute or based on results achieved? 5. Do you focus on your working income or your net worth? 6. Do you work hard for your money, or do your let your money work hard for you? 7. Are you prepared to constantly learn new things, or do your already know what your need to know? 8. Are you afraid of taking risks, or can you take calculated risks to reach a goal? 9. Do you only have one source of income, or do you have mul@ple sources of income? 10. Do you focus on increasing your paycheck or increasing your wealth? Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  6. 6. Your “Money Attitude” Part One 1. Do your believe I create my life or Life happens to me? “Rich people believe: “I create my life” 2. Do your spend your @me with posi@ve successful people or is your circle nega@ve and unsuccessful people? “Rich people surround themselves with posi-ve successful people.” 3. Do your focus your aRen@on on opportuni@es in front of your or the obstacles life presents us? “Successful, rich people focus on opportuni@es and let obstacles become opportuni@es.” 4. Do you get paid based on the @me you contribute or based on results achieved? “Poor people get paid based on -me, rich people get paid based on results.” 5. Do you focus on your working income or your net worth? “Rich people focus on growing their net worth” Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  7. 7. Your “Money Attitude” Part Two 6. Do you work hard for your money, or do your let your money work hard for you? Rich people put more of their money to work for them. 7. Are you prepared to constantly learn new things, or do your already know what your need to know? Rich people are constantly learning new things 8. Are you afraid of taking risks, or can you take calculated risks to reach a goal? Rich people take calculated risk for a greater return 9. Do you only have one source of income, or do you have mul@ple sources of income? Rich people have mul-ple sources of income 10. Do you focus on increasing your paycheck or increasing your wealth? Rich people focus on increasing their wealth Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  8. 8. Putting More Of Your Money to Work Personal financial planning is arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals. . Financial Freedom is everything in your life that involves money. Some of the benefits of personal financial planning are: • You have more money and financial security. • You know how to use money to achieve your goals. • You have less chance of going into debt you cannot handle. • You can help your partner and support your children, if you have a family. Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  9. 9. Overview of Financial Planning Investments Estate Planning Tax Planning Cash Flow and Budgeting Insurance Planning – Risk Assessment Financial Analysis: Statement of Financial Condition Financial Planning Goals and Planning Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  10. 10. Where To Start – Your Net Worth ! Assets: what you own ! Liabilities: what you owe ! Net worth = Assets – Liabilities Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  11. 11. Steps to Financial Freedom 1. Budgeting 2. Debt reduction and avoidance 3. “Emergency fund” 4. Aggressive savings 5. Modest expectations 6. Flexibility and adaptability Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  12. 12. Where Am I Today With Money? To figure out your current financial situa@on, make a list of items that relate to your finances, like: " Savings " Any itestments " Re@rement accounts " Monthly income (job earnings, allowance, gifs, and interest on bank accounts) " Monthly expenses (money you spend) " Debts (money you owe to others) When you have determined your financial situa@on, you will be able to start planning. Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  13. 13. Where the money goes subtitle Saunders Learning Group, Newton, KS Module Two: Making Your Money Work 13
  14. 14. Your Budget: A Key to Financial Freedom ! Determine how you Money comes and goes: — Income (money in) ! Wages ! Business income ! Dividends and interest — Expenses (money out) ! Mandatory (fixed) ! Mandatory (flexible) ! Discre@onary Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  15. 15. Mandatory Expenses ! Fixed — Housing: rent, mortgage — Insurance — Medical — Debt payments: auto loan, student loan, credit cards? — Tuition and fees — Taxes? ! Flexible — Utilities: electricity, water, gas, water, phone, etc. — Food — Clothing — Transportation — Savings Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  16. 16. Discretionary Expenses ! Everything else! — Entertainment: movies, cable, Netflix — Dining out — Gym membership — Magazine subscriptions — Travel — Alcohol — Gifts — Trinkets, gizmos, gadgets and “stuff” Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  17. 17. Getting A Grip on Spending ! Distinguish between wants and needs — You need to get to work (perhaps!), you don’t need ! Pay yourself first by setting aside just 5 -15% of each and every paycheck for savings and investing income is how to build your financial freedom ! Either increase your income or decrease your expenses. ! You can find many monthly budget tools on line for mobile phone/tablet. subtitle date 17 Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  18. 18. Budget Tips Where did the money go? — Reconstruct previous spending, or start tracking current spending — Be consistent with categorization — Prioritize and plan future spending — Monitor and make changes, as necessary — Don’t forget to spend on yourself, and don’t beat yourself up over mistakes Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  19. 19. Spending Plan: Prioritize! ! Debt reduction ! Establish an emergency fund ! Start saving for retirement now ! Evaluate and prioritize discretionary spending based on your goals and values — First/next home? — Travel plans? — The latest “it” thing Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  20. 20. Making Your Money Work For You Seven things you can do to have more financial freedom: 1. Pay off all consumer debt 2. Pay yourself first every month with an automa@c savings contribu@on 3. Establish an emergency fund 4. Learn the common sense ways to invest 1. Mutual funds 2. Dividend Reinvestment Programs (Drips) 5. Buy term insurance and invest the savings in cost 6. Invest in tax-­‐deferred re@rement plans 7. Have a will, durable power of aRorney, trust accounts as needed and a estate plan to transfer assets as you wish. subtitle date 20 Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  21. 21. Questions Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  22. 22. Post Workshop Action Plan ! Complete the Post Workshop Ac@on Plan Saunders Learning Group, Newton, KS Module Two: Making Your Money Work 22
  23. 23. Reference Material Family Financial Freedom 140 pages ISBN 978-1-60-746269-9 Available Formats: 6"x9" paperback PDF download eBook download Link to order: http://www.fastpencil.com/publications/4498-Family-Financial-Freedom? tid=bookbuy#read_book Also available on Kndle, Nook, iPad and other popular e-readers can be ordered from Amazon or Barnes and Noble in paperback (available soon). Book summary: You might be struggling to make ends meet, but achieving true financial freedom is still possible. The good news is virtually anyone with a desire to learn and the willingness to plan can achieve a considerable degree of financial security. This book is a road map to the personal financial freedom you want and deserve. There are no quick-rich schemes here, just common sense advice on how to manage your money, protect your family from risks and start making the moves to being more financial secure. Saunders Learning Group, Newton, KS Module Two: Making Your Money Work
  24. 24. Family Financial Freedom Seminars • This series of seminars on family financial freedom is available to all trainers, educators and professional advisors in the financial services industry. • The series of seminars can be taught with or without the book, “Family Financial Freedom”. • Here is a full listing of seminar topics: 1. GeWng Started 2. Making Your Money Work For You 3. Building the Base 4. Securing the Base 5. Financing Your Future 6. Mutual Funds 7. Real Estate 8. Your investments 9. Re@re in Comfort 10. Passing On Your Wealth 11. How Professional Can Help • A leader’s guide and participant’s workbook is also available. Order your copy from Scribd • Contact the author, Floyd Saunders for pricing and order details to purchase the entire series of seminars: floyd.saunders@yahoo.com Saunders Learning Group, Newton, KS Module Two: Making Your Money Work

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