12 For illustrative purposes only. Not based on actual client data. FOR HOME OFFICE AND ADVISOR USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.
Top Ten Steps to Achieve Financial Freedom
1. Create A Plan
2. Craft A Budget
3. Pay Down Consumer Debt
4. Create a Personal Impound Account
5. Create an Emergency Fund
6. Make Time for a Comprehensive Casualty Insurance Evaluation
7. Ensure your Portfolio matches your Needs for All Appropriate Timeframes
8. Be Philanthropic (Strategically)
9. Begin the Estate Planning Process
10. Communicate Your Wishes to Your Successors
Source: CFP.net Article by CFP Ambassador Lynn Ballou, CFP®-
10 Steps to Achieve Financial Freedom This Year | January 2019
Engaging the Next Generation
Younger Generation is the New Client Profile
With the younger generation, comes a new client profile. Goals can be vastly different, for example, their primary goals may be:
• Paying off Credit Card debt or Student Loans
• Funding an Emergency account
• Saving up for a first home down payment
• Establishing and funding an HSA
• Prioritizing when to pay down debt versus increase savings
Top Ten Financial Concerns of Millennials and Gen Z's
Source: YPulse Monthly Surveys n=1000 ages 13-36 | August 2019
Rent Employment Retirement Car Payment Investments
Savings Student Loans Debt College Tuition Buying a home
