Transcript EMPLOYEE WELLNESS WORKSHOP

WELCOME TO THE COURSE !
EMPLOYEE WELLNESS WORKSHOP
FINANCIAL EDUCATION IN THE WORKPLACE
Your Instructor is Mr. Fraser Allport
Certified Estate Planner™
Owner of “ Safe and Smart Money, LLC ”
A Registered Investment Advisory Firm
www.FRASERALLPORT.com
772 - 643 - 4850
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FINANCIAL EDUCATION IN THE
WORKPLACE

Improving Workplace Productivity, Health and Harmony
through Personal Financial Education for HR Managers
and Employees.

Being a Competitive and Compassionate Employer
in a Knowledge-Based Economy
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The Big Picture

In his book “ The 7 Habits of Highly Effective People ”,
Steven Covey teaches us to “ Start at the End. ”

Meaning that Successful People start Successful Projects
by first determining what The Goal is, and where The
Finish Line is. The challenge is to then work backwards,
from Z to A, in determining where to start your Great
Endeavor.
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The Employer’s Challenge & Goal

For every Employer and Employee in the 21st Century,
the challenge will be the recognition that we live in a
“Knowledge-Based Economy.”

The Industrial Revolution is behind us, and
The Information Age is really just dawning.

The Goal for any Employer - large or small - is obvious,
compelling, and motivating : An Organization that has
an un-trained and un-educated Workforce is not going
to compete and survive.
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Up The Learning Curve Together
Employer and Employee

This Workshop attempts to start the process of
educating your Workforce about their Personal
Finances, because “ Money Stress ” kills people
and their productivity.

This is true for both the Employer as well as the
Employee. The Employer must be in the huddle too.
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Stress Kills ….

Stress Kills. It is The Silent Epidemic of The 21st Century.
Amidst the fast-pace of The 21st Century, everyone is so
busy Making Money, that they have no time to learn the
skills to manage it properly.

This is the curse of a Society that moves too quickly :
Everyone is too busy being busy to actually Get Ahead.
Everyone is working and running with their head down.
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Getting Ahead

And so no one knows where they are headed with their
financial future.

Most people are running hard to stay in place financially,
or just doing laps, but not truly Getting Ahead. And they
know it. And it eats at them, all the time.

And that’s really Stressful … worrying and afraid that your
hard work is not really getting you anywhere.
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Financial Insecurity

For the average Worker, there is no Finish Line, no
Comfortable Retirement, no American Dream, and
no Peace of Mind.

Their financial insecurity is the stress that gnaws at
most of your Employees, wakes them up in the middle
of the night, causes arguments with their Spouse, and
constantly distracts them at work. For many average
Americans, Retirement is a mirage. Instead, they believe
that they will have to work until they die. Working hard
every day, with no end in sight, ever. That’s more than
just Stress for people. That’s downright depressing and
de-motivating.

How can you expect the best from an Employee who
feels stressed this way, every day ?
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Manage Money as well as Make It

If You and your Workforce want to survive and succeed
in this “ Information Century ”, then teach your People
how to Manage Money as well as Make It.

If Money trumps People in your Company or Organization,
that myopia is going to kill your Workforce, and your
entire Organization.

History is very clear on this point : Taking care of People
is Job # 1, or else none of your other Goals are achieved.
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The Total Employer

This is where The 21st Century Employer is smart, far-sighted,
proactive, and caring. This is what makes You “ The Total
Employer” Compassionate about helping your Employees, and
also shrewdly Competitive about giving them an edge.

That edge is helping your Employees learn how to Manage Money
as well as Make Money. That’s The Total Employer in The 21st
Century. That’s You, right ?

Become “ The Total Employer ” and assist your Workforce to
Manage their Money as well as Make It. Your compassion will
enhance your Organization’s competitiveness. “ Financial Wellness
in The Workplace ” is gaining traction as a smart Best Practice.

If you are not implementing Financial Wellness …
Your competition is. Do you want to retain a well-educated
and motivated Employee, or do you want them to seek
another Employer who takes better care of them?
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The Problem

Financial concerns may be a personal matter, but they directly affect
the Workplace.

There is a proven, direct correlation between a Financially Educated
Workforce, and your Firm’s Bottom Line. Research shows that a majority
of Employees have persistent financial problems severe enough to have a
negative impact on their workplace performance.
( Please see the Footnotes )

It’s just common-sense. People bring their problems to work. Especially
Financial problems. “ Money Stress ” is right at the top of the list of
stressors in a person’s life, including the Employer.

The articles in the footnotes confirm the studies that a financially stressed
Employee spends an average of 20+ hours per month taking care of their
own personal financial problems while at work. That’s 240 hours annually
on the clock. Your clock. 240 hours annually is the equivalent of giving that
Employee a six week paid vacation to handle their personal money
problems, at work, on your time. That’s right - A six week paid vacation.
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The Workplace goes Downhill

Stressed Employees also negatively affect other Employees and your top
Management. Fractious “ Workplace Conflict ” heightens tensions, and your
entire Workplace suffers as relationships deteriorate and Teamwork vanishes.
Employees and Management alike become angry, distracted, less loyal, and
less productive. Insubordination, Absenteeism, and health-related problems
rise as Employee morale sinks. Money Stress is at the root.

Another depressing Stressor for your Workforce is that there are no longer
secure Company-paid “ Pension Plans ”. Those days are over. Today,
Employees need to learn how to save for their own Retirement, or else they
will not ever have one. Employees know their plight, and fear their unknown
future. That’s debilitating.

Insecurity breeds Fear, and Fear is a tremendous Stressor and de-motivator.
Fear paralyzes human beings. Nothing gets done in your Workplace except
arguing and worrying. Your best Employees quit because they just can’t take
the stressful Workplace environment anymore. The Best quit, and The Worst
stay. And The Worst become the cancer that eats at your entire Organization.
Turn it around : Education empowers, and breeds Leaders.
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The 21st Century Workplace

In the 21st Century, Employers have shifted the responsibility for
an Employee’s Retirement Savings from the traditional Employer
Pension to the Employee now becoming personally responsible
for their Retirement Savings in their Employer-Sponsored 401(k),
403(b), 457, Profit-Sharing, IRA and Cafeteria Plans.

Employees are also being asked to choose Health Insurance Plans
with a myriad of options, which is another confusing financial
headache for them to handle.

The crux of the problem is that the Employee has no training and
tools to do this Financial Planning !

Adding Money Management, Retirement Planning, and Health
Insurance to an Employee’s already-full plate only increases their
stress, especially since virtually no Employee has any true Financial
Education or training in these areas.
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Best Practices

Asking your Employees to do what they are neither trained nor
equipped to do is a sure-fire set-up for failure. Failures in your
Workplace become a vicious downward spiral : Failure breeds
defeatism, which leads to more failure. Team Morale plummets,
absenteeism and health-related problems rise, and your best
Employees quit out of frustration. Harmony and a “ Winning
Attitude ” are replaced by a myriad of negative human emotions
and actions. Your Workplace becomes poisoned by
“ Bad Actors ”.

Smart and forward-thinking Employers understand that Money
causes angst, and people under stress are less happy and less
efficient, make more mistakes, and have lower morale. “ Money
Stress ” is a direct contributor to Absenteeism, Health problems,
and Employee retention. And any Employee’s problem
eventually becomes the Employer’s problem as well.

Increasingly, astute and proactive Employers are tackling this
problem of Employee Money Stress in the workplace by
initiating Financial Wellness Educational Workshops for their
Employees. “ Financial Wellness in The Workplace ” is fast
becoming a Best Practice.
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The “ De-Stress ” Solution

Your Employees need to be financially knowledgeable,
involved, and secure with their Money, so that they can
be at their best for You. Their financial Peace of Mind
positively translates into your Workplace in 101 ways.

How does an Employer accomplish this Goal of
financially elevating their Employees ? Give your
Employees a fast and fun, on-site Workshop that
will give them valuable Lifetime Money skills.
Skilled Employees are better Employees
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EMPLOYEE WELLNESS WORKSHOP

Improving Workplace Productivity, Health and
Harmony through Personal Financial Education

Education for HR Managers and Employees.

Education for Business Owners and Management
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The Workshop Benefits
for Employers
Research clearly shows that a consistent ( i.e – Quarterly ) Workplace
Financial Education Program for Employees also benefits Employers in
multiple ways :

Increase Employee contentment, Productivity, and Peace of Mind
through personal financial education and information.

Increase Employee affinity and Loyalty to Company.

Increase Employee Self-Esteem, Confidence, and Communication skills.

Reduce Employee stress-related illnesses and absenteeism.

Inspire Leadership. Educated Employees aspire to become Management.

A great place to work increases Employee retention and attracts
better Employees.

Decrease direct Employer costs related to wage garnishments,
bankruptcies, payroll deductions for child support and alimony,
administrative costs for borrowing against 401(k) Plans, etc.
Absenteeism and Insubordination decrease.

In sum, Educated Employees achieve and excel more.
Simple, but profound.

Your Managers, HR, and Payroll Departments will LOVE this Workshop !
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The Workshop Benefits
for Employees

Change Employee behaviors and attitudes that negatively affect total job
performance and workplace harmony. Financial Peace of Mind translates
positively into every facet of daily job performance and workplace
relations.

Employee Continuing Education enhances Self-Esteem and Goal-setting.

Personal and Professional Development creates Leaders in your Workforce.

Educating and Elevating Employees increases their Loyalty to the Employer.

Overcoming “ Fear of Money ” reduces Employee “ Money Stress ”.

Financial Skills learned that will last a Lifetime, literally. Knowledge
empowers.

The Intangibles. Content vs. Cranky makes a world of difference in the
Workplace.

This Workshop’s “ Town Hall ” style Q&A improves inter-personal
Communication, Leadership, and Public Speaking skills.

A Win-Win for both Employee and Employer.
Excellence breeds Achievement, and Success is contagious.
Employees are proud of themselves, and the Organization that
helped them learn and grow.

Healthy, Happy People perform better, and make better Employees.
Productivity increases Profitability.
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What’s In It for You ?

The Death of The American Middle Class.

It’s Not What You Make … It’s What You Keep

Every Dollar that you save on Expenses ….
COMPOUNDS !
http://www.interest.com/calculators
www.interestcalc.org
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Employee Wellness Workshop:
10 Core Educational Modules
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1. Make Money
Simple and Fun !
Learn, and Save More, with simple, free, online SW
and apps’ that will help Employees track and manage
their Money.

People cannot manage what they cannot measure.

A person can only master their Money if it’s in a
System. Get Smart with Money and you will have
more of it !

Attendees will learn Dave Ramsey’s “ Envelope
System ” and other simple Money Management tips.
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FREE ONLINE SOFTWARE FOR
MONEY MANAGEMENT

budgetpulse.com

personalcapital.com

buxfer.com

mint.com

money.strands.com

inexfinance.com

waveapps.com

waveapps.com/personal

mvelopes.com

http://abt.cm/1DkZU83
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2. Time is Money

Free Online SW to help manage and track the
Employee’s TIME.

Because Time is Money, right ? Time and Money
management go hand-in-hand. Double-down on
Efficiency, Productivity, and workplace Harmony
by having your Employees master both Money
and Time management skills.

Also, time-management techniques from the book –
“ Rich Dad Poor Dad ” by Robert Kiyosaki
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FREE ONLINE SOFTWARE FOR
TIME MANAGEMENT

moneystream.com

asana.com

rememberthemilk.com

evernote.com

todoist.com

glip.com

rescuetime.com

teamup.com

wonderapps.se/Atracker/

http://abt.cm/1z0gqpZ
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3. Pre-Tax Investing
and Savings

Understanding Your 457 Deferred Compensation
and other Investment options.

Learn about the power of pre-tax investing
and systematic savings through payroll plans
and Dollar Cost Averaging.

The Story of The Four Quarters
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4. Health Care Choices

Understanding your Health Insurance choices and prices.

Deductibles, Co-Pays, Co-Insurance, “ Obama Care ”
and other terminology explained in simple lay language.

Get your “ Summary of Benefits “ in a pdf from
Blue Cross and put it on every mobile device you have.

Call Fraser at 772 – 643 - 4850 with any Health Insurance
questions – I am another resource for you.
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5. Power Down Your Debt

Debt is one of THE Great Stressors in people’s lives,
so let’s get rid of it !

“ Power Down ” all of your Debt and your Mortgage.

First and Best way to Get Ahead … is to Get Out
of Debt. ANY kind of Debt : Mortgage, Student
Loans, Credit Cards, Cars, Boats, Trucks, RVs,
Business Debt.

Many of Dave Ramsey’s concepts will be explained,
and every Employee will get a free “ Get Out of Debt ” report.
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Get Out Of Debt

Get You Out of Debt. Any and all Debt, both Personal
and Business.

You cannot truly Get Ahead financially … until you
Get Out of Debt.

Debt is The 8th Wonder of The World working against
you, daily. That’s like having Superman as your nemesis
!

Debt Service comprises how much of your Business and
Personal Budget ? Do you know ?
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Get Out of Debt Report - 1
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Get Out of Debt Report - 2
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6. Saving On Income Taxes

Income Taxes. Most Americans needlessly overpay their

Income Taxes. Do not do your Taxes alone !

Income Taxes comprise 20% - 40% of a person’s daily work.
This is too big a bill to ignore, or be ignorant about. This
Course will teach you easy ways to get involved in your
Income Taxes, get smarter, and save money annually.
Do not over-pay or under-pay your Income Taxes.
Pay just The Right Amount.

Find out what the right number is for your tax bill.
Every Employee will receive a free “ 10 Minute Tax Tune-Up ”.
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7. Insurance 101

Insurance 101 – Every kind of Insurance is discussed,
so that the Employee can learn how to be an Educated
Consumer, Shop and Compare, and SAVE MONEY on all
of their Insurance bills.

Most people over-pay their insurance bills simply
because they do not know how to shop and compare.

Let’s spend 1 hour together doing a review of all of
your Insurance policies … to save you 10% - 20% on
your Insurance expenses. These are Annual Savings !
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8. College Planning

The ABC’s of all available College Plans in 2015, plus Insured Plans.

In a 529 Plan, earnings are not subject to federal tax and generally not
subject to state tax when used for the qualified education expenses of
the beneficiary, such as tuition, fees, books, as well as room and board.
Contributions to a 529 plan are not tax deductible.

$ 14,000 is the maximum annual contribution before being subject to
Federal Gift Taxes.
http://www.irs.gov/uac/529-Plans:-Questions-and-Answers
http://www.irs.gov/pub/irs-pdf/p970.pdf - Tax Benefits for Education

529 Plans
http://bit.ly/1qu2C7o
http://bit.ly/1cUXxzr

Florida Pre-Paid http://www.myfloridaprepaid.com/college-savings-101/
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Fully Insured College Plans

A combination of Cash Value and Term Life.

Parent(s) are both the Insured and the Owner.

No limits on Contributions.

No restrictions on how distributions are used.

Cash Value inside Life Insurance is used for College,
or anything else. Living Benefits are Tax Free under
IRS Code Section 7702.

Death Benefit is used to fund College if Parent
dies prematurely.

No Risk to Principal … versus a 529 Savings Plan.
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9 - Retirement Planning

457 Deferred Compensation

Florida Retirement Pension - DROP Plan

Investment and Savings Accounts

Mutual Funds

ROTH IRA

Markets are dynamic – Things change all the time.
All of your Investment Plans need to be reviewed
and rebalanced Quarterly.

Getting Ahead is about not Falling Behind !
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10 - Social Security

Retirement Planning and Social Security. No matter
your age, you MUST understand and track your benefits
so as to maximize them for Life.

Choosing your Social Security benefits is one of the
most important financial decisions in your Life, but
Social Security is a complicated system with
many options.

Since the Social Security Administration is not allowed
by Law to give you advice about your benefit choices,
seek out professional help. Or else you may be stuck
with a lower benefit than you were entitled to, for Life.
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HOW Do You Get Smart with
Your Money … and Get Ahead ?
1.
The 1% Formula = 15 Minutes daily
www.businessinsider.com/newsletter
www.mainstreet.com
www.finance.yahoo.com
2.
Quarterly Meetings = 8 Hours a Year
3.
Call Me anytime, for anything. Quick Phone
Calls are an easy way to learn in small bites.
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10 FREE TOOLS TO HELP YOU
Call me at 772-643-4850 and I Give You My Word that I will :
1.
Help you choose and learn the best free SW for
tracking your Money.
2.
Help you choose and learn the best free SW for
Time Management.
3.
Help you start, review, rebalance, and protect your 457
Deferred Compensation Plan.
4.
Help you understand your Health Insurance Plan so that
you don’t end up over-paying when you use it.
5.
Help you pay down your debts with my
“ Get Out of Debt Report ”.
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10 FREE TOOLS TO HELP YOU
6.
Help you review and understand your Income Taxes with my “
10 Minute Tax Tune-Up ” so that you do not over-pay your
Income Taxes every year !
7.
Help you with a review of all of your current Insurance
policies. I will show you how to shop and compare, get the
best policy at the best price, and save Money on your
Insurance Bills.
8.
Help you with College Planning.
9.
Help you with Retirement Planning : Your 457 Plan, DROP
Plan, and Savings Plan.
10.
Help you understand your choices for Social Security so that
you get the largest possible check.
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Getting Ahead …
or Falling Behind
“ Do What You Can …
with What You Have …
Where You Are. ”
Theodore Roosevelt
26th President of The United States of America
1901 - 1909
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Q & A.

Everyone – Employees and Management – are
encouraged to bring their Money Questions.

This part of the Course is really Fun and helpful
because people leave with their specific questions
answered. People get educated, and empowered.

This Q&A reinforces the 10 Core Modules above,
and also enhances the Employee’s Confidence,
Communication, and Leadership skills.
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Everyone leaves
Happier and Smarter !
There is an old phrase in sports :
“ Winning is Chemistry ”
Give your HR Managers and Employees that Winning Edge with this
Course.
Get better Harmony and Productivity in your Workplace.
The Employer is also encouraged to attend this Workshop.
Please see Footnotes / Articles next.
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FOOTNOTES
Footnote # 1 “ Employee Personal Financial Distress and
How Employers can help. ”
http://www.workplacementalhealth.org/PublicationsSurveys.aspx
Footnote # 2
“ The Business Cost of Financial Stress ”
www.daveramsey.com/media/pdf/fpu/workplace/overe
xtended.pdf
Footnote # 3
The American Institute of Stress
http://www.stress.org/workplace-stress/
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FOOTNOTES
Footnote # 4
http://www.moneymanagement.org/Community/Blogs/
Blogging-for-Change/2014/September/Work-andMoney-and-Stress.aspx
Footnote # 5
http://www.businessnewsdaily.com/2267-workplacestress-health-epidemic-perventable-employeeassistance-programs.html
Footnote # 6
http://www.businessnewsdaily.com/2123-work-moneystress.html
Footnote # 7
http://msue.anr.msu.edu/news/work_and_money_deali
ng_with_financial_stress_in_the_workplace
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Fraser Allport
The Total Advisor™
Owner of “ Safe & Smart Money, LLC ”
A Registered Investment Advisory Firm
Certified Estate Planner ™
Independent Insurance Agent
33 Years Experience - Excellence Since 1982
772 - 643 - 4850
Listen to Fraser on iHeart Radio
WWW.FRASERALLPORT.COM
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