WELCOME TO THE MPOWERBREAKFAST™

http://www.TheFinancialArchitect.ca

SESSIONSTHE CORE FINANCIAL INSIGHTS

Sessions 1 : Introduction & Overview

Sessions 2 : Life Insurance, lifeboat & legacy or expense & increasing expense

Sessions 3 : Disability Insurance – How much, how soon, how long

Sessions 4 : Critical Illness insurance – Cancer, Heart Attack, Stroke

Sessions 5 : Long Term Care Insurance – Home or Facility Care for ADLs

Sessions 6 : Emergency Fund – What, Why, How

Sessions 7 : Tax Efficiency – TaxFree, TaxDeferred, LowestTaxRate

Sessions 8: DebtFree Forever

Sessions 9 : Investments – Stock Market – Rule # 1 Strategy

Sessions 10 : Investments – Real Estate – Tax Sales & Foreclosures

Sessions 11 : Investments – Business Ownership Strategies

Sessions 12 : Retirement Planning

Sessions 13 : Estate Planning

Sessions 14 and onwards : Repeat and review of Sessions 1 to 13

AGENDA

Opening Remarks

Introduction – a little about myself.

The big picture and Financial Freedom.

The “24290Three” Process

The10Steps2FinancialFreedom

Action Steps for the next 90 days

Q/A

Feedback/Survey

B. = BASIC

I. = INSTRUCTIONS

B. = BEFORE

L.= LEAVING

E.= EARTH

‘THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE’ BY STEPEHN COVEY

FIRST 3 HABITS

1. BEGIN WITH THE END IN MIND

2. FIRST THINGS FIRST

3. BE PROACTIVE

TIME

ENERGY

MONEY

1) RELATIONSHIP WITH GOD

2) RELATIONSHIP WITH PEOPLE

3) HEALTH

4) WEALTH

GOALS

1) LifeTime Goals 1) Relationship with God – obey Him 2 )Relationship with people – serve them 3) Health - Stay fit healthy & intellectually sharp 4) Wealth – Attain Financial Freedom

1. Annual Goals2. Semi-annual goals3. Quarterly goals4. Monthly goals5. Weekly goals6. Daily goals

Examples on Personal Blog: mohnysingh.wordpress.com

I am a Financial Architect helping people create, design and build their financial house on a bedrock foundation with tax efficient walls and a debt free roof through a unique process Called “24Ten290Three” leading them to Financial Security , Financial Independence and Financial Freedom.Most people are trying to build their financial house without a vision, a design and a step by step process to guide them.

Are you One of Them ?

My role begins by helping create that vision and then over time the financial house is built according to the design.Then and only then, can there be an immediate assurance of Financial Security and a future hope for Financial Freedom.

Do you have such an Assurance ?

THE “24TEN290THREE” PROCESS

Pronounced “ Twenty, Four, Two Ninety, Three”

Twenty = 20% of Assets or Income

Four = The 4 phases – bedrock foundation->insurance & emergency fund

– tax efficient walls –> tax planning

– debt free roof –> debt elimination

– financial freedom –> networth of $1m+ towards $10m+

Ten = The10Steps2FinancialFreedom

Two Ninety = 2 hour meeting every 90 days privately or in groups

Three = 3 Universal Dangers – running out of time

– running out of health

– running out of money

3 Objectives – Financial Security

– Financial Independence

– Financial Freedom

THE10STEPS2FINANCIALFREEDOM™

Step 1: Give away first 10% of income (first 90 days and rest of life)

Step 2: Insure minimally for Life, Disability,CI & LTC (next 90 days)

Step 3: Mini Emergency Fund of $1,000 in a TFSA (next 90 days)

Step 4: Debt SnowBall - pay off all debt except mortgage (next 2 to 5 years )

Step 5: Max out Emergency Fund to 6 months needs (next 2 to 5 years )

Step 6: Max out Insurance for Life, DI, CI and LTC (next 90 days)

Step 7: Max out RRSPs & RESPs (next 12 months and annually thereafter)

Step 8: Pay off the mortgage (next 5 years)

Step 9: Invest, Invest, Invest up to $1m+ ,then+ $10m+ (rest of life)

Step 10: Give, Give, Give (rest of life)

ACTION STEPS …NEXT 90DAYS

1 1) Give away first 10% of income immediately and for the rest of your life. To the local church if you are a

2 Christian

2) Memorize The10Steps2FinancialFreedom

3 3) Think about and write out your lifetime goals. Then write out the daily, weekly, monthly,quarterly, semi-annual and annual acitivity goals that will help you reach your lifetime goal.

4 Example at : mohnysingh.wordpress.com

5 4) Use Budget Worksheets for next 3 months

6 5) Use Cash envelopes for next 3 months

7 6) Read one chapter of “The Purpose Driven Life” by Rick Warren. Only 40 chapters. Repeat every 40 days.

THE GOAL SETTING QUESTION

If I (we) were having this discussion (time frame) from today on (end of timeframe date), looking back over that (timeframe…day, week, etc) to today what must have happened in my (our) life for me(us) to feel happy with my (our) progress.