e-seminar and conference call august 13, 2008 “the kko show” “financial survival skills in...

E-Seminar and Conference CallAugust 13, 2008

“THE KKO SHOW”

“FINANCIAL SURVIVAL SKILLS

IN TODAY’S ECONOMY"

Hosted by Mark J. Kohler, CPA, Attorney at Lawand

Mathew Sorensen, Attorney at Law

www.kkolawyers.comTelephone 435.586.9366 / Facsimile 435.586.9491

© Kyler Kohler & Ostermiller, LLP 2008

Disclaimer- Although the information contained in this Presentation may be extremely useful and helpful, please understand that the presentation of this information does not constitute an attorney-client relationship. Moreover, the information contained in this Presentation is for general guidance only. It is strongly recommended that each individual or entity obtain their own legal advice, particularly applied to their own set of circumstances, facts and specific situation. Kyler Kohler & Ostermiller, LLP is not responsible or liable for any advice that is taken and applied in a situation without direct consultation and representation specific to that individual’s or company’s needs.

Instructor Notes



Look At the Big Picture

Re-assess your goals, plans, short-term and long-term


1. Look At the Big Picture

Re-assess your goals, plans, short-term and long-term

What’s that “one thing”? What do I want to do most? What do I need to feel?


2. Make the Tough Decisions

Get rid of property, businesses or assets that are drains on your resources. It’s tough, but a must!!


3. Unload and Analyze

De Clutter the house, unload things that don’t love you, create a personal financial statement. Make these changes habits and a new lifestyle. This is not a temporary fix. Use this opportunity to make the rest of your life better.


4. Start a small business or venture

If you don’t already have a small business, create a venture to fall back on; an extra revenue source as security. Get off the couch and turn off the t.v. Watch out for high capital start-ups. Go for low inventory low capital home based business.


5. Back to the Basics with your Personal Budget

Know where your money is going. Track your expenses. Impose spending limits. Keep good records and don’t get discouraged.


6. Get Additional Education

Smart, affordable and targeted education. Look at the cost-benefit of the education. Knowledge is Power.


7. Consolidate and Eliminate Debt and Improve Your Credit

Consolidate debt. Negotiate down debt. Pay down credit cards in a strategic manner. Improve your credit while you can and don’t need it.


8. Re-evaluate your Business Model

If you own a small business already, its time to re-evaluate. If the market changes, so should your business. Add value to your position or your product.


9. Re-Evaluate your Portfolio

Where are your assets invested? Are they in the best structure? How are all of your assets performing? Should you consider self-direction and alternative investments. It’s a “buyer’s market” right now. No more hands off approach.


10. Pay it Forward

The more you give back, the better your perspective becomes. It helps you make better decisions. ‘Carma’ truly exists.

For more information, please contact us at:

KYLER KOHLER & OSTERMILLER, LLPTel: 435.586.9366 Fax: 435.586.9491

www.kkolawyers.com


e-seminar and conference call august 13, 2008 “the kko show” “financial survival skills in...

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