Topic 1: Introduction to Financial Well-Being - How to set meaningful and actionable goals
- Getting on the same page with your partner
- Learning how to "talk money"
Topic 2: Getting into Financial Fitness Shape - How to create a spending plan
- Understanding the power of cash flow
- Financial Basics 101
- The time value of money
- Inflation
- Compound interest
- Risk and diversification
Topic 3: Getting a Handle on Where You Stand - What are you really worth today?
- The Personal Balance Sheet
- Understanding what affects Net Worth
- Which actions add/subtract from our net worth?
- Debt: How to get a Game Plan in place now!
- Prioritizing and paying it off
- Understanding what to attack first and why
Topic 4: Planning for Future Needs - Identifying future savings needs
- Making calculations and estimating payments
- Overview of Social Security
- What to expect when you retire
- When to begin taking benefits
- Investing simplified for everyday use
- Is it more important to focus on saving or investing?
- Can you simply explain what investment vehicles are out there
Topic 5: Personal Risk Managment - Identifying risks we face
- Property
- Liability
- Disability
- Accident/Sickness
- Premature Death
- Living too long
- Identity and reputation
- Understanding Risks- how to classify and prioritize
- Overview of financial vehicles to address risks
- How they work
- What they cost
- Putting your Game Plan together
- Identify objectives and action steps
- Prioritize based on risks, goals, and funds
- Identifying a "control" for success
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