Financial Competency . . . a Roadmap to Financial Well Being: Create the Life You Want to Live!!

By Leslie D. Reed and Ronald L. Robinson

Financial Competency takes the approach that we cannot manage our financial resources if we don't have resources to manage. The book deals with the issues of employment & being a "valued employee" and how to bring value to your job. The book explores the dynamics of basic wealth management, as well as the management of our tax refunds and how to use that refund in the most effective manner. Financial Competency helps the reader decide his role in the workplace: Am I an Employee or an Entrepreneur? Do I understand what my Employer is looking for in terms of his goals? In this very important "financial how to book", Mr. Reed addresses the most fundamental problem that keeps most of us from having financial success: we must be taught about our finances in a way that it resonates and stays with us so we can apply it practically. Financial Competency teaches financial concepts and much more. What the book does most is help us to get on the right path financially to Create The Life We Want To Live!!

• Language: English
• Publisher: AuthorHouse
• Release date: Dec 19, 2015
• ISBN: 9781504948425

Leslie D. Reed

Leslie Reed has over 35 years of experience in Banking, Investments & Finance and uses that knowledge effectively in examining how to help his readers become more effective in their economic lives. Leslie writes a monthly financial & public affairs column Les Is More for Scoop Magazine in Indianapolis and consistently speaks to his audience in a clear and resonating manner. Mr. Reed holds the Series 7,24,65 & 63 Investment Licenses and is also a Licensed Life Accident & Health & Variable Annuity Agent. Leslie is the author of Thinking Well, Phimisms For The Soul & is a frequent radio commentator and University Lecturer in the area of investments & finance. Leslie’s smooth personal delivery is at once concise but also allows the reader to learn and enjoy the material as they read. Leslie is a Licensed Minister and the father of two wonderful daughters, Amanda & Logen. Ronald Robinson is the founder and CEO of LCP Transportation LLC a statewide non- emergency medical transportation company located in Indianapolis, Indiana since 1998. LCP currently has over 500,000 members and two national customers in its transportation network. Mr. Robinson developed and implemented two state of the art proprietary software systems that continue to help increase value and efficiency for LCP members and customers. Mr. Robinson is the proud father of four beautiful daughters and husband to LaCoya his lovely wife of 20 years.

Book preview

Financial Competency…

A Roadmap to

Financial Well Being

Create The Life You Want to Live!!

Leslie D. Reed

with Ronald L. Robinson

30692.png

AuthorHouse™

1663 Liberty Drive

Bloomington, IN 47403

www.authorhouse.com

Phone: [phone]

© 2015 Leslie D. Reed with Ronald L. Robinson . All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse 03/17/2016

ISBN: 978-1-5049-4843-2 (sc)

ISBN: 978-1-5049-4842-5 (e)

Library of Congress Control Number: 2015916072

Print information available on the last page.

Any people depicted in stock imagery provided by Thinkstock are models,

and such images are being used for illustrative purposes only.

Certain stock imagery © Thinkstock.

This book is printed on acid-free paper.

Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

Contents

UNIT 1:

Employee Literacy

GOAL: BECOMING A VALUED EMPLOYEE

1. Employee Literacy:

2. What Does Employment Mean?

3. Assessing Abilities: Education, Skills, Aptitudes (Knowing Yourself…Making Yourself The Best You Can Be)

4. Getting A Job (This Is Where The Work Begins)

5. Keeping A Job & Your Work Ethic (Workplace Primer)

6. Becoming A Valued Employee….Growing As An Employee

7. Translating Employee Literacy Into Greater Productivity & Profit

8. Payoff:

UNIT 2:

DYNAMICS OF MONEY & MONEY MANAGEMENT

GOAL: TO BETTER BUDGET, MAINTAIN A GOOD BANKING REL ATIONSHIP, ESTABLISH AND MAINTAIN A GOOD CREDIT RATING, PROTECT, SAVE AND MAKE OUR MONEY GROW

9. Dynamics Of Money & Money Management:

10. Budgeting

11. Banking Relationship (Establishing & Maintaining A Checking Account)

12. Credit Management:

13. Saving:

14. Life Insurance Protection & Retirement Savings

15. Wealth Transfer

16. Benefits Of Wealth Transfer Planning With Life Insurance

17. Tax Refunds (Return) Using It Effectively

UNIT 3:

EMPLOYER LITERACY

GOAL: UNLOCKING THE POTENTIAL, POWER AND PRODUCTIVITY OF EMPLOYEES BY UNDERSTANDING THE CONCEPT OF EMPLOYMENT BY LOOKING AT THE NEEDS & WANTS OF AN EMPLOYER

18. How Does A Business Continue To Operate?

19. What Employers Need & Want

UNIT 4:

ENTREPRENUER COMPETENCY

GOAL TO BETTER UNDERSTAND THE AMERICAN SYSTEM OF FREE ENTERPRISE. TO LE ARN THE STEPS NECESSARY TO: ESTABLISH AND CREATE A BUSINESS THAT CAN SURVIVE AND PROSPER IN THE MARKETPLACE. (RIM GROUP, 2013)

20. Identifying And Starting A Business Venture

21. Acquirng & Organizing The Required Resources

22. Financial Resources:

23. Other Sources Of Raising Capital:

24. Risks And Rewards:

Why I Wrote The Book

The term FINANCIAL LITERACY is being used so often the actual meaning is not resonating with people in a way that can change their lives. We believe that the true meaning has to be practical and useful in a way that can help people develop the knowledge & skills to: take care of their children, pay bills without stress, or just be able to enjoy some of life’s pleasures. Quite simply, people want to function normally in our American way of life. Financial Literacy should be the formula for successful living. It is not just budgets or finance, it is being able to understand and utilize an effective discipline, with the end result being; a better lifestyle and peace of mind. Here is our working definition of financial literacy:

KNOWLEDGE OF THE LIFE & MONEY SKILLS NECESSARY TO OPERATE YOUR FINANCES, INCLUDING; EMPLOYMENT, SPENDING & SAVINGS HABITS, HOW MONEY GROWS, HOW YOU GROW IN THE EMPLOYMENT ENVIRONMENT, AND ULTIMATELY HOW TO MAKE THESE DECISIONS LAST THROUGH GENERATIONS (RIM Group 2013)

This book wants to give the participant a practical, fundamentally based methodology in their approach to Financial Literacy. We will approach the matter of financial literacy from several aspects, attempting to enlarge the participant’s current perspective. This course/seminar has been developed by businessmen who know what it takes to be financially successful and are in the workplace daily. We want to