1.
(BEYA 2316) Making
Financial Success
Happen - Make Your
Dream a Reality
Presenter: Davyd Jones, Financial
Advisor, Raymond James &
Associates, Inc.
Moderator: Vanity Eddy, Quality
Assurance Stability Coordinator,
Accupac
Panelists:
Richard Williams, Manager of
Engineering, Northrop Grumman
Corporation
Melissa Bright Lemmond, Systems
Engineer, Northrop Grumman
Corporation

2.
Seminar Objectives
• Recognize financial fundamentals to building wealth
• Identify the factors that lead to lower wealth accumulation
among members of underrepresented groups
• Identify personal habits and values that can impact a strong
financial future
• Create an action plan for achieving financial goals

3.
Why this topic is important
• Why have a game plan
• Cash Flow is King & Impact of Taxes
• LT Cap Gains / Dividend Income / Real Estate / Business /
Passive
• Wages
• Money is a tool – how are we using it
• Accountability Savings
• Family / investments
• Emergencies / Health
• Getting to a period of your life where W2 income is not
needed to support you life style
Personal Impact:

4.
How to buy stock / Where do I
start
• Two ways:
• Do research yourself
• Hire someone to do it for
you
• What to look for in an
advisor
• Establishing an investment
plan
• Diversifying your assets
using prudent experts
• Monitoring/Reviewing
prudent experts and client
situation
• Control Expenses
• Avoid Conflicts
• Game Plan Game Plan
Game Plan
• Put together a game plan
for what it is you’d like to
accomplish in life.
• Start where your feet are
and go from there
• Proverbs 15:22
“Without counsel purposes are
disappointed: but in the
multitude of counsellors they
are established”

5.
“Vehicles to Use”
• Tax Deferred Vehicles:
• Albert Einstein, “8th wonder of
the world is compound
interest.. He who
understands it earns it and he
who doesn’t pays it”
• Define Benefit Plans:
Pension
• 401K: Safe Harbor / Owner K
• 457 & 403b
• Profit Sharing Plans / Money
Purchase
• Personal Retirement plans:
• ROTH IRA
• Traditional IRAs:
SEP/SIMPLE
• Annuities
• Exchange Funds
• Non Tax-Deferred:
• Brokerage Account
• Stocks
• Bonds / Tax Free Muni
Bonds
• Mutual Funds/ ETFs
• Alts
• Real Estate
• Private Equity
• Annuities
• Exchange Funds
• Business:
• LLC
• LLP
• Estate Plans

6.
Tips to Making Financial
Success Happen
• Discuss financial goals and budget with significant
others (if applicable)
• Important to come to an agreement/mutual understanding
• Periodically review financial goals and budget
• Make conscientious and deliberate decisions and
choices in order to meet financial goals and stay within
budget
• Differentiate between a need and want
• Talk with a financial planner
• Big misconception that you need a lot of money to have one
• Meet with yearly

7.
More on Getting Started
(“Don’t by things you cant afford… ” Steve Martin SNL)
• Understand the Language
• Money vs Currency
• Rich vs Wealthy
• Assets vs Liabilities
• Have an Entrepreneurial Mindset
• Know your numbers (audit your current finances)
• Pay yourself first
• Credit-cards as a tool
• Setup your Personal Financial Infrastructure
• Build your information network
• How many and what type of accounts do I need?
• Get lucky – be ready to take advantage of opportunities

8.
Parting Thoughts
• “He who every morning plans the transaction of the
day and follows out that plan, carries a thread that will
guide him through the maze of the most busy life. But
where no plan is laid, where the disposal of time is
surrendered merely to the chance of incidence, chaos
will soon reign.”
– Victor Hugo
• There are 8,760 hours in a year – are you using your
time wisely

9.
Backup

10.
The Engineer The Investor
Taxable Income $300,000 $300,000
Source of Income Wages LT cap gains,
qualified dividends
Federal income tax
due
$80,295 $42,742
Payroll tax paid $12,236 $0
Total Tax Burden $104,767 $41,742
Effective tax rate 34% 14%

11.
Income Brackets: Single
Individual
Tax rate on ordinary
income
Rate on qualified
dividend/LT cap gains
First $9,325 10% 0%
$9,325 - $37,950 15% 0
$37,950 - $91,900 25% 15%
$91,900 - $191,650 28% 15%
$191,650 - $416, 700 33% 18.8%
$416,700 - $418,400 35% 18.8%
Income above -
$418,401
39.6% 23.8% (3.8% Medicare
tax)

12.
Warren Buffett / Berkshire Hathaway
Coca Cola / Wells Fargo
Company Shares
Owns
Dividend
rate
Yearly
Income
Income/hour
KO 400M $1.48 $592M $67,579.90
WFC 467.98M $1.56 $730.06M $83,340.19

13.
Reflecting on what we discussed
Why its important
• Freedman’s Bank
• Knowledge is power - impact
• Have-to invest in ourselves
• Take ownership of your future
• Take leap of faith
• Psychology of money, behavioral
finance & investing
• Cash Flow is King
• Money is but a tool
Things you should know
• Books:
• Millionaire Next Door, by Stanley
& Danko
• The Intelligent Investor, by
Graham
• One up on Wall Street, by Lynch
• Economics:
• What is GDP
• CPI: Fiscal Policy & Its impact
• FOMC
• Tax reform
• Infrastructure
• Domestic and World

14.
Seminar Overview
• Learning Objective: Examine the methods that minorities can use
for achieving financial success
A growing minority population presents opportunities for financial
success. Financial success is about changing your perspective on
wealth, how you grow it, how you maintain it, and how you preserve
it. It first starts with getting vested into helping change the trajectory
of your future. Wealth transfer is happening. So what can be done to
deliver financial education and financial planning to minorities? How
do we position ourselves to be a part of it and benefit from it? This
seminar will help you to understand the behavioral pitfalls we fall
into as a community; the personal, social, and mental roadblocks to
obtaining wealth; and how we are a part of that ride to investing.