Financial Resilience Fundamentals

Workshop Outline

Workshop Schedule

Overview

Presented by Katarina Smolkova

The workshop opens with a topic on “money mindset” designed to remove any blocks or barriers that may hinder your financial growth and goal achievements. It will also aid to strengthen your commitments to implement concrete actionable steps towards your financial goals.

Once the “money mindset” is addressed, we will focus on “money concepts” – and we will be putting them to practice immediately. You will gain knowledge and skills to effectively understand and better manage your finances, and make informed financial decisions to build a solid financial future that will weather any storm of life.

This workshop is an excellent resource if you’re looking for simple no nonsense strategies to manage your finances.  It’s open to beginners, as well as financial savvies who want to pick up a tip or two.

Audience:        Individuals and families who are experiencing challenges in budgeting, saving and investing.
Duration:        90 Minutes

Topics

1.   Money Mindset

      • Identifying our limiting beliefs about money and wealth
      • Set our goals and vision for our life
      • How to be disciplined to achieve our goals
      • Shifting your mindset about money
      • Seeing what is actually possible

2.   Budgeting

      • Essentials of budgeting
      • Working with a budget sheet
      • Identifying “the leaks” in your financial bucket.

3.   Income Protection: Insurance

      • Understanding why insurance is important
      • Life insurance – why get it, and what should you beware?
      • Disability insurance, and critical illness insurance – why are they an important part of your financial plan?

4.   Emergency Fund

      • Importance of having emergency fund
      • How much typically enough,
      • How to approach building it
      • Dealing with debt when building emergency fund

5.   Will And Power of Attorney

      • Importance of having a Will as part of your financial plan.
      • Importance of having a Power of Attorney

6.   Debt Management Strategies

      • Strategies for getting out-of-debt
      • How to use the Debt Stacking / Avalanche method
      • How to use the Snowball method

Summary

The workshop “Building Financial Resilience – Step 1” provides you with a solid foundation in money management, and financial literacy. By the end of the workshop, you will have gained knowledge and skills to manage your personal finances more effectively. It is a stepping stone to the Building Financial Resilience Advanced – Investing for Wealth, which is focused completely on the next step in your financially journey – INVESTING.