1. Financial Security in an Insecure World
Lorne Jackson, CLU, CFP, CFC
and
Bold Kere, BSc. A.
BOLD CARE FINANCIAL

2. World’s Biggest Financial Risk
World wide debt crisis

3. Household budget Annual family income: $32,550
Money the family spends: $39,850
New debt on the credit card: $7,300
Outstanding balance on the credit card: $653,324
Total budget cuts: $370

4. US Debt US tax revenue: $3,255,000,000,000
Federal budget: $3,985,000,000,000
New debt: $730,000,000,000
National debt: $65,332,000,000,000
Recent budget cuts: $37,000,000,000

7. Personal Debt
Over 1/3 of Canadians have debt load over 200% of after tax income
According to a stress test scenario by the Bank of Canada, it would take only a 0.5% increase in interest rates for 1.1 million Canadian families forced into bankruptcy
“Our greatest domestic risk relates to household debt” —Bank of Canada Governor Mark Carney Dec 2011
Our world has become obsessed with living beyond our means

8. What is the Media Saying
We live in a credit economy.
For millions of Canadians, payment of debt is a serious, pressing and debilitating problem.
We all know that Credit is a problem – I want to take a few minutes to highlight how serious it is for the Canandian family – this is our problem not just the US or Europe !

9. Most Secure Investment
A can’t lose investment: pay off debt

10. Getting Out of Debt Make the decision to stop using debt
Set aside an emergency fund (1 month income)
Snowball your debt (only in Canada)
Visit

11. Solid Financial Principles
Spend less than you earn
Avoid the use of debt
Build liquidity (savings)
Set long term goals
Give generously

12. Key Investing Tips Avoid get rich quick schemes
Obtain wise financial counsel
Never invest in something you don’t fully understand
Diversify your investments
Be a diligent, patient investor

13. Investing Wisely
Avoid get-rich-quick schemes – (Prov. 21:5) The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.
Obtain wise financial counsel – first check God’s word; 2350 verses on money and possessions (Prov. 15:22) Plans fail for lack of counsel, but with many advisors they succeed.
We don’t provide investment advice but just a word now about it: Slow and steady wins the race. If it’s too good to be true then it IS.
Financial counsel: I have learned that unwise investments seem even more common in the Christian community than outside it. Randy Alcorn calls this “spiritual credibility” Just because someone goes to your church or talks christianese doesn’t make them Christian

14. Investing
Never invest in something you don’t fully understand. (Proverbs 19:2) It is not good to have zeal without knowledge, nor to be hasty and miss the way.
Diversify your investments (Ecclesiastes 11:2) Give portions to seven, yes to eight, for you do not know what disaster may come upon the land.
Be a diligent investor (Ecclesiastes) Sow your seed in the morning and let not your hands be idle for you do not know which will succeed whether this or that or whether both will do equally well.

15. Key Turning Points in My Life
Personal Experience
Key Turning Points in My Life
1977
1989
2002
2010

16. Other Financial Methods and Services
Bold Kere of Bold Care Financial

17. Expense Tracking and Analyzing
A way to eliminate debt
Account for what comes in (income)
Greater awareness of speed and purpose of spending
Needs vs wants
Reduction of spending and freeing liquidity
Realistic and efficient budget (paying debt, saving, investing, financial planning...)

18. Investment Planning Choose the right investments for your objectives
Know the taxation consequences of your choices
Be diligent to know the state of your investments

19. Insurance Protect your family, your business, your state
Estate planning
Health insurance
Disability insurance
Life insurance
Key person insurance
Group insurance

20. The Unknown
Story of Joseph
Key points learned
Personal commitment