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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
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
