The road (we wish) was less travelled …

1. The road (we wish) was less travelled … Dan Smith Plan 2 Prosper Authorised Representative GWM Adviser Services Limited ABN 96 002 071 749 trading as MLC Financial Planning Australian Financial Services and Credit LicenseeA member of the National group of companies

2. Disclaimer This presentation is produced solely as an information service without assuming a duty of care.  It MUST not be distributed to third parties.  This presentation is based on information considered to be reliable.  Opinions constitute our judgement at the time of issue and are subject to change.  Neither GWM Adviser Services Limited or any of the National Australia Group of companies, nor their employees or directors given any warranty of accuracy, nor accept any responsibility for errors or omissions in this presentation. This advice may not be suitable to  you because it contains general advice that has not been tailored to your personal circumstances.  Please seek personal financial advice prior to acting on this information. Before acquiring a financial product a person should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product. Dan Smith, Dancin Pty Ltd ABN 71 531 338 371 trading as Plan 2 Prosper is an Authorised Representative of GWM Adviser Services Limited ABN 96 002 071 749 trading as MLC Financial Planning an Australian Financial Services and Credit Licensee, Registered Office at 105-153 Miller Street, North Sydney  NSW 2060 From time to time, Dan Smith, Dancin Pty Ltd, members of the National Australia Group of companies, associated employees or agents may have an interest or receive monetary or other benefits from the financial products and services mentioned in this presentation.  GWM Adviser Services Limited is associated with issuers of MLC Limited and MLC Life and National Australia Bank Products.

3. Even when change has been forced upon you, it’s still your choice … • Head in sand … don’t do anything • Turn world upside down … stress lots but achieve little • Review, refine, adapt and keep moving forward

4. Get back in the Driver’s seat • Your current financial picture • List $$$ incoming Vs $$$ outgoing • Set your goals • Needs vs. Wants • Specific, Measurable, Attainable, Realistic, Timeframe • Your action plan • Weigh up Pro & Cons to prioritise • Get on with it • Reality, Responsibility, Restraint • Keep it moving

5. Starting Simply • Determine your budget • Determine your cash flow • Plan your next steps • Reward any milestone achievements We often find that when people take a little time to find out what their cash flow looks like and get it on paper, they become much calmer and less stressed about their finances. It puts them back in control by giving them clarity about what they need to do financially.

6. Think like a business Income Statement Income Expenses vs Balance Sheet Liabilities Assets vs Dig out all those superannuation and insurance statements you haven’t really taken an interest in for some time. There could be actions you need to take to improve or maintain your situation while temporarily out of the workforce.

7. The rainwater tank and rainy day reserve Source: Macquarie Investment Management Limited 2004

8. Income Cost of living Debt repayments Implementing the system Expenses Assets Liabilities

9. Mortgage = Credit cards = Mortgage re-draw accounts + Ignore Consumer marketing which suggests: “You can enjoy the extra freedom that comes with greater spending power…” = Recognise and stop riding The debt rollercoaster

10. Budgeting articles on my website For those who may be seeking them I have copied below some of the links to a series of budgeting posts on my website: http://plan2prosper.com.au/articles/2007/11/life-is-a-journey-what-is-a-budget/ http://plan2prosper.com.au/articles/2007/12/life-is-a-journey-budgeting-part-2/ http://plan2prosper.com.au/articles/2007/12/budgeting-income-vs-expenses/ http://plan2prosper.com.au/articles/2008/01/budgeting-setting-spending-limits/ http://plan2prosper.com.au/articles/2008/02/budgeting-analyse-your-budget-in-a-different-way/ http://plan2prosper.com.au/articles/2008/02/budgeting-a-recap-and-some-more-budgeting-lessons/ Below are links to two other posts which I believe today’s attendees would also gain value by reading: http://plan2prosper.com.au/articles/2010/01/wealth-creation-its-a-mindset-how-can-i-make-it-happen/ http://plan2prosper.com.au/articles/2009/10/making-your-household-dollar-go-further/ Go to www.plan2prosper.com.au/articles search for budgeting

11. Adopt a different way of thinking …

12. If the issues were easy, you wouldn’t need to seek advice … • Establish discipline • Know your cashflow • Understand cashflow patterns of assets • Understand cashflow patterns of liabilities • Define key financial goals • Develop a cashflow management system that works • Build long-term sustainable results

13. Your next step... • Make an appointment • The initial consultation • Relax - you’ll be in good hands Ph: 07 49 265 570 daniel@plan2prosper.com.au www.plan2prosper.com.au