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The “Secret” of Financial Success

The “Secret” of Financial Success. Young Nonprofit Professionals Network of Kansas City. Brook S. Deaver CFS, MBA. GATEWAY WEALTH MANAGEMENT, INC. A REGISTERED INVESTMENT ADVISER. Thank You!!. Thank you for the work you do and your passion for the cause. Important Questions.

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The “Secret” of Financial Success

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  1. The “Secret” of Financial Success Young Nonprofit Professionals Network of Kansas City Brook S. Deaver CFS, MBA GATEWAY WEALTH MANAGEMENT, INC. A REGISTERED INVESTMENT ADVISER

  2. Thank You!! Thank you for the work you do and your passion for the cause

  3. Important Questions • What should we be doing with our finances? • How do we stretch/maximize our financial resources?

  4. Secret to Financial Success… c

  5. Intelligently Manage Your Finances …or your finances will eventually manage you

  6. Create and Maintain a Plan Implement strategies that will help you avoid financial peril. What is financial peril?

  7. Causes of Financial Peril that Must be Addressed • Death • Disability • Home, Possessions, Auto Loss/Damage • Injury or Illness • Basic Estate Planning Documents • “Running Out” of Money

  8. Addressing Risk • Self Insure • Depend on a “Rich Uncle” • Transfer Risk to an Insurance Company • Hope (not a method) • Have a Plan!

  9. Causes of Financial Peril that Must be Addressed Death No longer able to financially provide for those depending on you

  10. Causes of Financial Peril that Must be Addressed Disability Your ability to generate income is one of your greatest assets.

  11. Causes of Financial Peril that Must be Addressed Home, Possession, Vehicle Loss/Damage

  12. Causes of Financial Peril that Must be Addressed Injury or Illness Not having enough money to pay for the cost of medical care if sick or injured

  13. Causes of Financial Peril that Must be Addressed “Running out” of Money Not having enough money to get through difficult times or to sustain retirement

  14. Cash Flow Management “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

  15. Take Advantage of Tax Breaksand “Free Money” • 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?

  16. Where to Invest In These“Turbulent Times” • Fear of Recession • Slowing Economic Growth • Volatile Markets • Sub-Prime/Credit Woes

  17. Handouts • Bull Markets • Stocks, Bonds, Bills, and Inflation • Penalty for missing the markets

  18. Brook S. Deaver, CFS, MBA GATEWAY WEALTH MANAGEMENT, INC. A REGISTERED INVESTMENT ADVISER 9401 Indian Creek Parkway, Ste 470 Overland Park, Kansas 66210 913-663-5642 brook@gwmgmt.com Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser

  19. Disclaimer 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.

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