Freeing up Cashflow - Helping your clients with their third biggest post-divorce challenge

4.23 (13 votes)

Recorded On: 06/20/2023

With high inflation, rising interest rates, falling portfolios and a looming recession, consumers everywhere are struggling with their finances. Car loans have stretched to 96 months, 55% of us carry a credit card balance and 64% of us are living paycheck to paycheck. And those issues continue up the economic levels. The Motley Fool recently reported that 1/3 of $250K earners are also living from one paycheck to the next.

For the recently divorced all of those problems are twice as bad. Half the cashflow, half the assets, a big legal bill and a missing house.

Traditional financial planning suggests saving 10%, giving up things you love and doing detailed monthly budgeting. But for the divorced community, there may no longer be 10% left to save. They already gave up something they used to love and the skills to do the monthly budgeting may have left along with half the furniture.

In this session, Gordon Stein offers some fresh thinking on how to help your divorced clients free up more cashflow with minimal effort and minimal sacrifice. In fact, he lights a path where they can enjoy a wonderful lifestyle now and prepare for a rich retirement. His talk is based on his book, Cashflow Cookbook, which offers ideas to free up cashflow in every area of spend from housing and food to transportation and household and even lifestyle and financial. His book details a remarkable $13,000 of monthly savings ideas. Using his techniques, a typical mass affluent client can free up $1,000 - $2,000 for incremental investing, debt pay down or just making ends meet.

Gordon Stein

BESc, MBA, CSC, CFEI

Professional Speaker & Author, Cashflow Cookbook

Gordon Stein is an international keynote speaker, blogger, personal finance expert and author of Cashflow Cookbook - $2 Million of Financial Freedom in 60 Easy Recipes. He delivers transformational talks that help people crush their number one stress – their finances.

Building financial wellness helps his audience regain focus, balance, and joy in their lives. Gordon combines his trademark wit and storytelling style to speak with employee and association groups, financial advisors, and the media about a breakthrough path to financial wellness with no risk, minimal effort, minimal sacrifice, and no budgeting.

In his earlier career, Gordon was a senior sales, marketing, and operations executive at high tech companies. While at Apple he led the Education and Enterprise segments to record sales and was a featured speaker at the Executive Briefing Centers in Toronto and Cupertino. At Rogers Communications he managed the $1.5B B2B market and built the learning and development function for 30,000 learners. Prior to that, at Dell he was responsible for the small business segment and had the second highest sales productivity worldwide.

Gordon holds a degree in Mechanical Engineering from Western University, and an MBA from the Rotman School of Business. He has also completed the Canadian Securities Course and the U.S. Certified Financial Education Instructor designation from the National Financial Education Council. He has volunteered with the Western Alumni Board, the Western Engineering Dean’s Advisory Council and the Crescent School Board of Governors. He is currently a member of the National Financial Educators Council and the National Speakers Association. His content is used for CE credits with the Financial Planning Association, Financial Experts Network, and the Institute of Divorce Financial Analysts.

In his free time, Gordon is a downhill ski racer, kayaker, cyclist, and not-yet-great (ok, not even good) guitar player. His thoughts on personal finance can be found at cashflowcookbook.com.

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Recording: Freeing up Cashflow - Helping your clients with their third biggest post-divorce challenge

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Open to view video. With high inflation, rising interest rates, falling portfolios and a looming recession, consumers everywhere are struggling with their finances. Car loans have stretched to 96 months, 55% of us carry a credit card balance and 64% of us are living paycheck to paycheck. And those issues continue up the economic levels. The Motley Fool recently reported that 1/3 of $250K earners are also living from one paycheck to the next. For the recently divorced all of those problems are twice as bad. Half the cashflow, half the assets, a big legal bill and a missing house. Traditional financial planning suggests saving 10%, giving up things you love and doing detailed monthly budgeting. But for the divorced community, there may no longer be 10% left to save. They already gave up something they used to love and the skills to do the monthly budgeting may have left along with half the furniture. In this session, Gordon Stein offers some fresh thinking on how to help your divorced clients free up more cashflow with minimal effort and minimal sacrifice. In fact, he lights a path where they can enjoy a wonderful lifestyle now and prepare for a rich retirement. His talk is based on his book, Cashflow Cookbook, which offers ideas to free up cashflow in every area of spend from housing and food to transportation and household and even lifestyle and financial. His book details a remarkable $13,000 of monthly savings ideas. Using his techniques, a typical mass affluent client can free up $1,000 - $2,000 for incremental investing, debt pay down or just making ends meet.

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