How to be a Money Master Millionaire (Part 2)

Welcome to myCPE

Reviewed

February, 2024

Learning Objectives

To explore your objective in life and how it relates to money.
To analyze what is stopping you from attaining your wants.
To explain the concept of retirement.
To inspect root cause analysis of each problem or obstacle achieving your goals.
To analyze how to build a plan to help you organize your thoughts and incorporate some key elements.
To discuss sources of your retirement income.
To explain how to plan the unexpected.

Course Description

This course is valid up to February 5th, 2025 for FP Canada Professionals. It is advisable to complete this course before that to get the credit on time.

This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.

This workshop is an extension of “How to be a money master millionaire (Part 1).”

In this CPE webinar, we will review what took place in Part 1. It is recommended that you review the first webinar and complete the following before you attend Part 2:

List 20 personal wants
List 20 professional wants
Select a top want from each want list and ask yourself why 7 times you want to achieve the goal.

Submit the above to support@amoneymastermillionaire.com to get a completion certificate.

How to be A Money Master Millionaire webinars are designed to help participants identify their passion and their life purpose. While money is important, it is only the by-product of doing. If we were to solely concentrate on making more money, we would lose our purpose.

Why are we here?

In this CPE Finance Webinar, we will use a 5-step process to organize our thoughts and our plan. The actual toolsets such as budgeting, cash flow, and protection will be introduced in steps 4 and Part 3. The 5 key steps are what a project manager would do to lead a corporate project.

Using similar steps, we will be applying them to our own lives.

Have clear life objectives: Part 1 helped you identify your life purpose. Your life purpose is your object for living on this earth. The reason why you are here. We will explore your objective and how it relates to money. What is your responsibility? What is the government's responsibility?
Identify problems or obstacles: Now that you have selected your top professional wants and personal wants and completed the 7 whys for each. In this step, we will take a closer look at some of your problems in achieving your goals. What is stopping you from attaining your wants? While retirement may not have been one of your top personal wants, we will discuss the concept of retirement here. We will explore what retirement means to you now after doing Part 1.
Diagnose problems and root causes: In this section, we will take a closer look at your problems identified in step 2 and do a root cause analysis of each problem or obstacle. It is necessary to take a short break for each problem, and analyze its cause, its root, and its real source without the notion of solving them now.
Build a plan (A Near Bullet-Proof Plan): To build a plan to help you organize your thoughts and incorporate some key elements: What does your retirement plan look like? What is the cost of waiting? Where are the sources of your retirement income? How much do you need? How do avoid market pitfalls? How to create a near bullet-proof plan and what should it consist of? How to plan the unexpected?
Execute the plan: This step will not be discussed in Part 2. It is to be continued in Part 3.

Note: Please take note that Linda Yao is a Canadian. She might be explaining a topic from real life by utilizing Canadian examples. However, the course is also acceptable for US titles. Below the course name, we have included the acceptable titles for continuing education.

Overview

Purpose of this workshop

22 mins
How to be a money master millionaire

33 mins
Maslow's hierarchy of needs

54 mins
Identify opportunities

59 mins
Execute your plan

95 mins

Webinar Qualifies For

2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
2 General Credit for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Finance for CPA in Canada
2 CE Credit of General Principles of Financial Planning for Certified Financial Planner (CFP-US) (Approval No. 321301)
2 CPE Credit of Finance for Certified Valuation Analyst (CVA)
2 CPD Credit of Finance for Accredited in Business Valuation (ABV)
2 CPD Credit of Personal Financial Planning for Personal Financial Specialist (PFS)
2 PL Credit of Finance for Chartered Financial Analyst (CFA)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPD Credit for Chartered Accountant - ICAEW
2 CE Credit for Certified Wealth Strategist (CWS)
2 CE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
2 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
2 CE Credit of Retirement Planning for Certified Financial Planner - Canada (Approval No. 247510)
2 CE Credit of Financial Planning for Financial Services Certified Professional (FSCP)
2 CE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
2 CE Credit for Certified FP&A Professional (FP&A)
2 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
2 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
2 CE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
2 CPD Credit for CPA - Ireland
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CE Credit of Behavioural investing for Personal Financial Planner (PFP)
2 PL Credit for CIPM
2 CE Credit of Retirement Planning for Qualified Associate Financial Planner (QAFP) (Approval No. 247510)
2 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
2 CE Credit of Behavioural investing for Certified International Wealth Manager (CIWM)
2 CE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
2 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Linda Yao

, EXPERIOR FINANCIAL GROUP Inc.

Linda Yao was born in Taiwan, Taipei into a family of five who lived in a one-bedroom University of Taiwan duplex with no amenities. She recalls sleeping with her grandmother and sister in a curtained-off area in the living room, while her parents and brother slept in the bedroom. The toilet was just a hole in the floor, and it was next to the kitchen. They bathed in a lean-to her dad built against the nearby banana fermentation warehouse.

While her story started similar to many in her age group from Taiwan, Linda attributes much of her financial success to the decision to buy a few helpful wealth-building products that forced her to save monthly amounts of cash she wasn’t able to withdraw easily.

It wasn’t always like that: Linda didn’t become interested in managing her money until she was in her 40s. Yet, she was able to reach financial independence, enjoy a very comfortable retirement, and very passionate about helping parents and grandparents to gain the confidence to manage their money, save, and pay less tax.

She is focused on helping them in building wealth for future generations to leave a sizable

legacy effortlessly by following a few simple steps.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

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Poor

Terrible

William Brown, CFP® (US)

Wonderful, brilliant teacher!

Gia Robertson, CIA, ACCA

Fantastic learning.

Yujun Wu, CPA in Canada

The instructor showed 2 videos in this section, which I would prefer if she can include the link in ppt only and let us watch it by ourselves... Since two videos add up to probably 40 minutes, not effective.