The document provides an overview of financial planning concepts including budgeting, risk management, savings, debt reduction, wealth accumulation through investing, and tax strategies. It discusses establishing budgets with categories for living expenses, wealth accumulation, and discretionary spending. It also covers types of insurance, savings goals, debt repayment priorities, asset allocation, tax advantages of different account types, and strategies for college and retirement savings. Key things for investors to avoid are high fees, tax inefficiency, excessive conservatism, lack of diversification, and emotional reactions. The top five traits of successful clients are listed as good budgeting, a clear financial vision and goals, generosity, openness to coaching, and incorporating rewards into the financial plan.

1. Dollars and Sense
OMAR AHMADIEH

2. Thekeytoabundancestartsinourheart.
Tithingandgivingcultivatesthesoilof
ourheart.Ibelieveit’slike establishinga
partnership withGod.

3. Agenda and Objectives:
1. Give you more clarity about the complex
world of personal finance and investing.

4. Agenda and Objectives:
1. Give you more clarity about the complex
world of personal finance and investing
2. Share the proven framework of a successful
financial plan

5. Agenda and Objectives:
1. Give you more clarity about the complex
world of personal finance and investing.
2. Share the proven framework of a successful
financial plan
3. Reveal the Top 5 Traits of our most
successful clients

6. Agenda and Objectives:
1. Give you more clarity about the complex
world of personal finance and investing.
2. Share the proven framework of a successful
financial plan
3. Reveal the Top 5 Traits of our most
successful clients
4. Question and Answer

7. Financial Freedom:
Having direction, peace, and control in
your financial lives. Living with margin.

8. Building financial freedom is
a day-by-day decision.

9. Foundation:
• Budget
• Risk Management
• Savings
• Debt Reduction

10. Wealth Accumulation:
• Essential Expenses–
Guaranteed Income Sources•
• Discretionary Expenses–
Strategic Investments

11. Foundation of Financial Planning:
1. Establishing and following a Budget
a. 70% Living expenses

12. Foundation of Financial Planning:
1. Establishing and following a Budget
a. 70% Living Expenses
b. 15% Wealth Accumulation
(Intermediate/Long Term)

13. Foundation of Financial Planning:
1. Establishing and following a Budget
a. 70% Living expenses
b. 15% Wealth Accumulation
(Intermediate/Long Term)
c. 15% Discretionary (Debt
Reduction, ER Fund, Other)

14. Foundation of Financial Planning:
2. Risk management
a. Health Insurance

15. Foundation of Financial Planning:
2. Risk management
a. Health Insurance
b. Life insurance

16. Foundation of Financial Planning:
2. Risk management
a. Health Insurance
b. Life Insurance
c. Disability Insurance

17. Foundation of Financial Planning:
2. Risk management
a. Health Insurance
b. Life insurance
c. Disability Insurance
d. Property and Casualty
(make sure there are
no gaps)

18. Foundation of Financial Planning:
2. Risk management
a. Health Insurance
b. Life insurance
c. Disability Insurance
d. Property and Casualty
(make sure there are
no gaps)
e. Umbrella Policy

19. Foundation of Financial Planning:
2. Risk management
a. Health Insurance
b. Life insurance
c. Disability Insurance
d. Property and Casualty
(make sure there are
no gaps)
e. Umbrella Policy
f. Long Term Care Insurance

20. Foundation of Financial Planning:
2. Risk management
a. Health Insurance
b. Life insurance
c. Disability Insurance
d. Property and Casualty
(make sure there are
no gaps)
e. Umbrella Policy
f. Long Term Care Insurance
g. Define Insurance
(shift the risk)

21. 3. Savings and ER Fund
a. First Goal–$1,000
Foundation of Financial Planning:

22. 3. Savings and ER Fund
a. First Goal–$1,000
b. Second Goal–$5,000
Foundation of Financial Planning:

23. 3. Savings and ER Fund
a. First Goal–$1,000
b. Second Goal–$5,000
c. Third Goal–3 months of living expenses
Foundation of Financial Planning:

24. 3. Savings and ER Fund
a. First Goal–$1,000
b. Second Goal–$5,000
c. Third Goal–3 months of living expenses
d. Over and above that start saving long
term or paying off high interest debt
Foundation of Financial Planning:

25. 4. Debt Reduction:
a. Interest Rates
Foundation of Financial Planning:

26. 4. Debt Reduction:
a. Interest Rates
Foundation of Financial Planning:
i. What is an interest rate, relative to debt?
It’s the cost of borrowing.

27. 4. Debt Reduction:
a. Interest Rates
Foundation of Financial Planning:
i. What is an interest rate relative to debt?
It’s the cost of borrowing.
ii. Have credit card example of interest impact–
look something up online.

28. 4. Debt Reduction:
a. Interest Rates
Foundation of Financial Planning:
i. What is an interest rate relative to debt?
It’s the cost of borrowing.
ii. Have credit card example of interest impact–
look something up online
iii. Which debt to pay off first?

29. 4. Debt Reduction:
b. Consumer Debt - anything that is personal.
Foundation of Financial Planning:

30. 4. Debt Reduction:
b. Consumer Debt - anything that is personal.
Foundation of Financial Planning:
i. Credit cards –Some of these
have high interest.

31. 4. Debt Reduction:
b. Consumer Debt - anything that is personal.
Foundation of Financial Planning:
i. Credit cards –Some of these
have high interest.
ii. Medical bills

32. 4. Debt Reduction:
b. Consumer Debt - anything that is personal.
Foundation of Financial Planning:
i. Credit cards –Some of these
have high interest.
ii. Medical bills
iii. Taxes

33. 4. Debt Reduction:
c. Student Loans–Public Service Loan
Forgiveness?
Foundation of Financial Planning:

34. 4. Debt Reduction:
d. Balance Transfer
Foundation of Financial Planning:

35. 4. Debt Reduction:
d. Balance Transfer
Foundation of Financial Planning:
i. This could be a good option to
“Stop the bleeding”.

36. Wealth Accumulation–
Building Assets

37. Investment–An asset acquired
for the purpose of increasing
value or generating income.

38. Stock vs. Bond

39. Stock–“ownership in a company”
Bond–“loaning a company money”

40. A mutual fund is a company that
brings together money from many
people and invests it in stocks,
bonds, or other assets.

41. Diversification–Not having
all your eggs in one basket.

42. Asset allocation–a strategy that aims
at getting as much return with the
least amount of risk possible per the
objective according your goals, risk
tolerance, and time frame.

43. If you are investing in an IRA,
403(b) or 401(k), you are most
likely investing in these asset
classes, utilizing mutual funds.

44. Time Horizons
1. Short Term Bucket
(0–3 year time horizon)
This is an ER fund, down payment fund,
ring fund,Yeezy fund, vacation, etc.–
usually in cash or money market.

45. Time Horizon’s
2. Intermediate Term Bucket
(3–9 year time horizon)
College savings, down payment,
second home, large giving amounts –
usually invested

46. Time Horizon’s
3. Long Term Bucket
(10+ year time horizon)
retirement, charitable contribution,
inheritance/trust fund

47. For most people, investing in
mutual funds is the right way to go.

48. Every investment account
needs to have an objective
and an asset allocation.

49. There are 4 different tax buckets for investing:
• Taxable–savings account, CD, savings bonds

50. There are 4 different tax buckets for investing:
• Taxable–savings account, CD, savings bonds
• Tax Deferred–stock account (outside of an IRA
or real estate

51. There are 4 different tax buckets for investing:
• Taxable–savings account, CD, savings bonds
• Tax Deductible–403(b), 401(k), Traditional IRA
• Tax Deferred–stock account (outside of an IRA
or real estate

52. There are 4 different tax buckets for investing:
• Taxable–savings account, CD, savings bonds
• Tax Deductible–403(b), 401(k), Traditional IRA
• Tax Deferred–stock account (outside of an IRA
or real estate
• Tax Free–Roth IRA, Roth 403(b)

53. • K-12 and/or College Savings
• Funded with Post Tax Dollars
• Using a 529 Plan
• Gains are federal income
tax free (like a Roth)
• Contributions are tax deductible in
Oklahoma, not in every state though.
Need to check state by state.
• College Savings and Private
School Tuition Strategy
• You can withdraw money but you
can pay taxes are 10% penalty

54. Paycheck Explained..(Who the heck is FICA?)
Federal Insurance Contribution Act–Created to
fund Social Security
You will pay every year on income up to $128,400.
Once you reached that level, that tax is no longer
taken out on the dollars over that amount.
FICA–6.2%

55. Paycheck Explained..(Who the heck is FICA?)
Taxed on all your income no matter
how much money you make
Medicare–1.45%

56. Paycheck Explained..(Who the heck is FICA?)
Based on how you completed W–4 form-
single, married or married with dependents
They withhold so you don’t have to pony up
at the end of the year. If you are disciplined,
no big deal.
Federal Withholding

57. Paycheck Explained..(Who the heck is FICA?)
Estimated on what your exemptions are and
your filing status
You can manipulate your take-home but
Uncle Sam will come knocking.
State Tax–Oklahoma

58. Paycheck Explained..(Who the heck is FICA?)
Whatever dollar or % amount you elect
One pocket to the other
401(k)

59. Paycheck Explained..(Who the heck is FICA?)
This is standard and comes out of your
check if you opt into these plans.
Health insurance, dental
insurance, vision, etc.

60. Things to avoid:
1. High fees and fund expenses

61. Things to avoid:
1. High fees and fund expenses
2. Tax inefficiency

62. Things to avoid:
1. High fees and fund expenses
3. Being too conservative
2. Tax inefficiency

63. Things to avoid:
1. High fees and fund expenses
3. Being too conservative
2. Tax inefficiency
4. Not being diversified

64. Things to avoid:
1. High fees and fund expenses
3. Being too conservative
2. Tax inefficiency
4. Not being diversified
5. Being emotional–it’s time in the market,
not timing the market.

65. 5 characteristics of our most
successful clients:
1. Good budgeters and controlled expenses

66. 5 characteristics of our most
successful clients:
1. Good budgeters and controlled expenses
2. They have a clear WHY and Financial Vision

67. 5 characteristics of our most
successful clients:
1. Good budgeters and controlled expenses
3. They are givers
2. They have a clear WHY and Financial Vision

68. 5 characteristics of our most
successful clients:
1. Good budgeters and controlled expenses
3. They are givers
2. They have a clear WHY and Financial Vision
4. Willingness to be coach and communicate

69. 5 characteristics of our most
successful clients:
1. Good budgeters and controlled expenses
3. They are givers
2. They have a clear WHY and Financial Vision
4. Willingness to be coach and communicate
5. Rewards are part of the plan

70. Q&A