dollars and sense - how to lock down your personal finances
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Dollars & Sense
How to Lock Down Your Personal Finances
© 2014 by Building Bridges Chicago LLC
Overview
Become financially independent and self-reliant.
Take control of your money so it doesn’t 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
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
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 won’t make your problems go away!
Always know exactly where you stand. Your creditors do!
© 2014 by Building Bridges Chicago LLC
Your Current Situation
Credit
Financial Health
Net Worth
© 2014 by Building Bridges Chicago LLC
Your Net Worth
NET WORTH = ASSETS – LIABILITIES ASSETS (Income) are anything that MAKE MONEY
Job or business
Licenses, degrees, and certifications
Rental property
Stocks and other investments
LIABILITIES (Debts) are anything that COSTS MONEY
Primary home
Vehicles
Loans and other debts
© 2014 by Building Bridges Chicago LLC
Your Credit The road to good credit is paved with great
decisions.
Any score less than 640 is usually considered high risk
Scores and information reported can vary from one credit bureau to the next
Request reports from all 3 credit bureaus
Regularly monitor your reports for inaccurate information*
Dispute all discrepancies
DO 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
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
Your Money Mindset
How you view money is a direct result of learned values, beliefs, behaviors, and observances over time
This determines the outcome of every decision you make that directly or indirectly involves money
Uncover the environmental factors that have you stuck in scarcity, immobilized by fear, or paralyzed by the possibility of prosperity
Being POOR (Passing Over Opportunities Repeatedly) is a mindset!
© 2014 by Building Bridges Chicago LLC
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 else’s?
Rewrite the story!
© 2014 by Building Bridges Chicago LLC
Your Money Mission
ACTION + TARGET + DESIRED OUTCOME
8 words or less
Use as an affirmation and decision-making tool!
Example – “improve my charitable giving among faith-based institutions”
© 2014 by Building Bridges Chicago LLC
Your Financial Goals SMART Goals
Specific
Measurable
Actionable
Realistic
Time-constrained
GROW toward success
Goal
Resources
Obstacles
Way Forward
K.I.S.S. Method – Keep It Simple Sexy
© 2014 by Building Bridges Chicago LLC
Your Winning Solutions
There are only 4 things you can do with money!
EARN
SPEND
SAVE
INVEST
Develop SMART goals in each of the 4 money quadrants.
© 2014 by Building Bridges Chicago LLC
Going Forward
Develop your strategic action plan
1. Your Money Story
2. Your Money Mission
3. Your Winning Solutions
Evaluate and assign resources
Schedule calendar reminders
Find an accountability partner
Review, Revise, and Reflect
© 2014 by Building Bridges Chicago LLC
Diagnose & Cure Your Money Madness! Comprehensive assessment and analysis of your money mindset to
uncover the environmental factors that make up your money madness
Thirty-minute one-on-one coaching session to help you develop a customized cure for the money madness manifesting as a roadblock to your health
30 days of resources, how-to success guides, and special insights sent directly to your inbox to support you in your journey toward financial health
$99Click here to stop the money madness today!
© 2014 by Building Bridges Chicago LLC
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