KATHERINE SPRADLEY

WELCOME TO FINANCIAL PLANNING

ABOUT ME

• Mom of two

• Wife to one

• Four years with CU

• Teach most undergraduate BADM courses

• CTW

BOOK

•Personal Financial Planning. 7th Ed. New York: McGraw-Hill, 2003 (ISBN 0-07-141944-6)

•BA II Plus financial calculator suggested but not required (most calculations can be done with other resources such as Excel {although it may be more time consuming})

•Access to the Web (add www.cfp.net to favorites)

CLASSROOM COURTESY

• Attend class and be on time• Participate• Laptops permitted for note taking• Tablets permitted for note taking• Turn off phones• No voice recorders without permission• Respect is a two way street• Don’t be afraid to ask questions• No open top drinks (cans, cups w/o lids, etc.)

CLASS STRUCTURE

• Check Announcements daily• Check your CU email daily• Tuesdays 5:15-7:30• Attendance/Recap• Lecture• Case Studies with REAL people-don’t screw up!

• Tuesday-Sunday online• DB/Quiz/Paper/Case Study/etc.

• Deadline Sunday 11:59pm EST

GRADES

• Case Study Wiki (g) 10%• Homework/DB 20%• Capstone Case Study 40%• Midterm 15%• Final 15%

ATTENDANCE

You can only miss one day of class without affecting your final grade or ability to remain in the class.

WHO ARE YOU

• Where you sit today is now your seat for the semester

• Who are you? Where are you from? Where do you work? Tell me about yourself.

SIX STEPS TO FINANCIAL PLANNING

1. Establish the scope of the relationship2. Gather information3. Process Information4. Review possibilities with client5. Implement6. Monitor

ITEMS A GOOD FINANCIAL PLAN SHOULD INCLUDE:

1. FP2. A list3. Cleanliness4. Reflection5. Armor6. Polish7. Full Tree8. Pay cut for Uncle Sam9. Permanent Vacation10.The End

FINANCIAL PLANNER

• DIY• Hire a Fee Based Planner• Hire a Commission Based Planner• What is the difference?

MAKE A LIST

• What are you or the client’s goals?• How do you break the goals down?• Short term• Intermediate term• Long term• Retirement• College

• Why are Retirement and College not in Long Term?• Why is College last?

CLEANLINESS IS NEXT TO GODLINESS

• Why is organization of the client’s material important?• Where do they keep their files?• How are they organized?• What systems are out there?• Locator Sheet