Kelly O'Connor

Greetings, readers! Join us for an eye-opening discussion that unveils the intricacies of government budgets, taxes, and the vital need for informed financial planning. Let’s dive into the fascinating world of numbers and trends that have a profound impact on our financial landscapes.

Exploring the Government Budget:

Presenting Kelly O’Connor from Agents Of Change, we delve into an essential perspective on the U.S. government’s budget. Our focus is on “Table S-5,” the Proposed Budget By Category. This valuable information, accessible at, provides insights into the government’s financial allocations.

Dissecting the Budget Categories:

Kelly guides us through the two primary categories – outlays (government payments) and receipts (revenues collected through taxes). Within outlays, the budget is divided into three key sectors: discretionary programs (including military), mandatory programs (such as Social Security and Medicare), and net interest. Receipts encompass various forms of taxes like individual income taxes, corporate taxes, and more.

The Alarming Discrepancy:

As we focus on the year 2012, Kelly brings our attention to a thought-provoking revelation. Even if the entire federal government and military budgets were eliminated, there remains a significant deficit between the total outlays and receipts. This gap, even when the government’s discretionary and security expenses are wiped out, emphasizes the enormity of the financial challenge.

The Taxation Dilemma:

Kelly raises the crucial question of how to address this disparity. He draws our attention to the anticipated solution – doubling taxes over a mere ten-year span. The increase in tax collections is projected to be drastic and raises concerns about the future financial landscape. This shift prompts a fundamental concern – how can individuals, including financial advisors, make informed decisions without this critical knowledge?

The Tax Deferral Dilemma:

Kelly emphasizes the risks of deferring taxes to a later date, a common strategy used by many financial advisors. As taxes are set to double within a decade, deferring taxes today may lead to unexpected financial burdens in the future. This highlights the urgency for comprehensive financial planning that takes into account these impending changes.

Facing Debt and Control:

The discussion takes a sobering turn as we examine the ballooning federal debt. Over ten years, the debt is projected to increase by a staggering amount. This exponential growth raises concerns about the government’s need for funds and its potential implications on individuals’ financial security.

Protection Through Informed Financial Planning:

Kelly underscores the importance of being proactive in protecting oneself from the evolving financial landscape. With the government potentially eyeing qualified plan accounts (such as 401ks and IRAs) as a source of revenue, being well-informed and prepared becomes paramount. Kelly’s insight highlights the necessity of exploring strategies and solutions that safeguard one’s financial well-being.

Conclusion: A Call to Action:

As we conclude this enlightening discussion, it’s evident that informed financial planning is no longer an option but a necessity. The convergence of increasing taxes, escalating debt, and potential government actions requires individuals to be proactive in protecting their financial future. By staying informed, seeking expert advice, and adopting prudent financial strategies, we can navigate these complex waters and secure a brighter financial tomorrow.

Remember, the path to financial security begins with knowledge and action. Stay informed, plan wisely, and empower yourself to tackle the challenges that lie ahead. Your financial journey deserves nothing less than a comprehensive and well-prepared approach.

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Kelly O’Connor is a master coach and trainer with a decades-long career in sales, marketing, and insurance. An industry leader, alongside top producers developing programs, he quickly became Colorado’s #1 speaker within the charter school system, traveling the state to speak in front of thousands of people and financial planners. A true visionary and figurehead for the community, he’s invested hundreds of thousands of dollars in marketing, coaching, and training masterminds and mentors.

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Hollie Clere,  Social Media Strategist

After having had a bad experience with a financial person in the past, I asked Kelly some hard questions before even introducing him to my husband. Most of it had to do with trust, focus and decisions we had gotten hurt with in the past. Kelly not only paid attention to every detail to the aspects to my questions but showed me where we had made some great choices and talked about the importance of each decision. He nis relationship focused. When my husband met him, Jer’s demeanor switched from debate to encouragement. Kelly’s presence alone made my husband comfortable and they visited about a lot of aspects of things.

Greg Peterson,  Founding Partner

Kelly was excellent to work with. His different approach at looking at money was an eye opener to us. We will continue to work with Kelly in the future and highly recommend having Kelly involved when it comes to investing.

Edward Hilton,  Chief Technology Officer

Kelly has exceeded all of my expectations. He provided education, experience, excellence and integrity! This is so important when working with a client's personal finances. As a school educator I appreciate his focus on education so that I could make the most informed financial decisions. I have a much clearer understanding of banking, finance, and investment now, and this will help my family currently and in the years to come. Thank you Kelly and kudos to the Mountain Financial team!