Dollars and Sense - How to Lock Down Your Personal Finances

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This presentation, presented by Building Bridges Chicago LLC, offers practical tips and advice for individuals, business owners, and aspiring entrepreneurs who want to gain a handle on their personal finances to improve their cash flow and overall financial health and well-being for better decision-making ability where money is concerned.

Transcript of Dollars and Sense - How to Lock Down Your Personal Finances

  • 1.Dollars & Sense How to Lock Down Your Personal Finances 2014 by Building Bridges Chicago LLC

2. Overview Become financially independent and self-reliant.Take control of your money so it doesnt control you.Understand your true value.Determine your financial needs for the future.Develop a ready-to-implement action plan.This presentation is not meant to teach you everything you need to know about personal finances.Simple tips and suggestions are offered based on observations of the respected and admired for their successful financial habits. 2014 by Building Bridges Chicago LLC 3. Disclaimer Building Bridges Chicago LLC assumes no liability for any financial decision or action taken as a result of this free presentation. Any actual decision is your own and you are wholly responsible for any outcomes of such decisions. You agree and understand that no warranty, either expressed or implied, has been made by Building Bridges Chicago LLC regarding the content of this presentation. Before making any financial decision, it is always wise to consult with a professional financial consultant. 2014 by Building Bridges Chicago LLC 4. Take the blinders off! Most people are completely unaware of their current financial situation.Do you find yourself Dodging bill collectors?Screening phone calls for toll-free numbers?Hiding from the doorbell?Answering unknown callers in fake foreign accents?Avoiding or ignoring your financial health wont make your problems go away!Always know exactly where you stand. Your creditors do! 2014 by Building Bridges Chicago LLC 5. Your Current SituationNet WorthCreditFinancial Health 2014 by Building Bridges Chicago LLC 6. Your Net Worth NET WORTH = ASSETS LIABILITIES ASSETS (Income) are anything that MAKE MONEY Licenses, degrees, and certificationsRental propertyJob or businessStocks and other investmentsLIABILITIES (Debts) are anything that COSTS MONEY Primary homeVehiclesLoans and other debts 2014 by Building Bridges Chicago LLC 7. Your Credit The road to good credit is paved with great decisions.Any score less than 640 is usually considered high riskScores and information reported can vary from one credit bureau to the nextRequest reports from all 3 credit bureausRegularly monitor your reports for inaccurate information*Dispute all discrepanciesDO NOT apply for additional credit during any pending dispute investigation*Find out how to perform a full review and analysis of your credit report in the Money Madness Coaching Bundle. 2014 by Building Bridges Chicago LLC 8. Your Overall Financial Health Do you earn more than you spend?Do you pay yourself first?Do you have a sufficient emergency fund?Do you have an investment portfolio?Are you saving the most you can for retirement?Do you have insurance (car, life, medical, home, legal, etc.?)Do you have a will?Are you protected against identity theft?Do you seek legal counsel for important life decisions?If you answered NO to one or more of these questions then your financial health is failing! Time to adopt a new MONEY MINDSET. 2014 by Building Bridges Chicago LLC 9. Your Money Mindset How you view money is a direct result of learned values, beliefs, behaviors, and observances over timeThis determines the outcome of every decision you make that directly or indirectly involves moneyUncover the environmental factors that have you stuck in scarcity, immobilized by fear, or paralyzed by the possibility of prosperityBeing POOR (Passing Over Opportunities Repeatedly) is a mindset! 2014 by Building Bridges Chicago LLC 10. Your Money Story Every great success started with a vision.What is the old, sad song you have been singing?What will make you happy?What does success look like to you?Is this your belief, or someone elses?Rewrite the story! 2014 by Building Bridges Chicago LLC 11. Your Money Mission ACTION + TARGET + DESIRED OUTCOME8 words or lessUse as an affirmation and decision-making tool!Example improve my charitable giving among faith-based institutions 2014 by Building Bridges Chicago LLC 12. Your Financial Goals SMART Goals MeasurableActionableRealisticSpecificTime-constrainedGROW toward success ResourcesObstaclesGoalWay ForwardK.I.S.S. Method Keep It Simple Sexy 2014 by Building Bridges Chicago LLC 13. Your Winning Solutions There are only 4 things you can do with money! SPENDSAVEEARNINVESTDevelop SMART goals in each of the 4 money quadrants. 2014 by Building Bridges Chicago LLC 14. Going Forward Develop your strategic action plan 1.Your Money Story2.Your Money Mission3.Your Winning SolutionsEvaluate and assign resourcesSchedule calendar remindersFind an accountability partnerReview, Revise, and Reflect 2014 by Building Bridges Chicago LLC 15. Diagnose & Cure Your Money Madness! Comprehensive assessment and analysis of your money mindset to uncover the environmental factors that make up your money madnessThirty-minute one-on-one coaching session to help you develop a customized cure for the money madness manifesting as a roadblock to your health30 days of resources, how-to success guides, and special insights sent directly to your inbox to support you in your journey toward financial health$99 Click here to stop the money madness today! 2014 by Building Bridges Chicago LLC