Why FI? Reduce stress about money Have more clarity about money Feel more in control Get out of debt Live within my means and save Be able to do the work I want to do Reconnect with my purpose in life Have more time for whats important to me
Introduce Yourself Name Location (town, neighborhood) One reason youre taking this course
Financial Integrity The 9 Steps (use the real logo here)
Financial Integrity Tips for Success Create a place for your materials. Be open. Pay attention when you feel resistance - its a learning moment. Customize the steps for you. Be patient - change can be hard. Keep a journal. Find support and friendship. Check out resources.
Fulfillment curve Step 1 – How much money has come into yout life and what you have to show for it Step 2 – Real hourly wage and tracking your money Step 3 – Monthly tabulation Review and plan for next session Session 1 – Overview
Step 1 Lifetime Income Financial Sources:Amount Taxed income (SSA report) Untaxed jobs Selling stuff (cars, CDs) Allowance /spending money Gifts Interest on savings Total Lifetime Income $________
Step 1 Personal Balance Sheet OWNOWE Liquid Assets(+) Cash Value Liabilities(-) Cash Value Cash on handCar loan Bank AccountsSchool loans InvestmentsMortgage Credit Cards Hard AssetsPersonal Loan House Vehicles Personal items Total Own$_________Total Owe$_________ Personal Financial Net Worth Assets – Liabilities = $_______
Step 1 Personal Balance Sheet: a place to put assets & liabilities and determine your personal net worth OWNOWE Liquid Assets(+) Cash ValueLiabilities(-) Cash Value Cash on handCar loan Bank AccountsSchool loans InvestmentsMortgage Credit Cards Hard AssetsPersonal Loan House Vehicles Personal items Total Own$_________Total Owe$_________ Personal Financial Net Worth Assets – Liabilities = $_______
Step 1 SEE and ACCEPT your current reality REFLECT on the choices youve made UNDERSTAND that you have control over the future
Step 3 Case Study Monthly Tabulation Small Group Discussion Look at the whole chart, then choose one of two categories to discuss. What impact do you think the charting will have on the owner of this chart? What do you anticipate when you look at your own tabulation (hours of life energy)?
Introduction – The 9 Circles Exercise The Fulfillment Curve Step 1 - Your Lifetime Income and Personal Net Worth Step 2 - Money = Life Energy Calculating your Real Hourly Wage (RHW) Tracking Your Life Energy Step 3 – Patterns, Categories, and Subcategories Gazingus Pins Monthly Tabulations Translating your Categories RHW Session 1 – Review
Look over the handouts Start tracking your expenses. Why not? Well meet here at _____ on _____. See you then! Next Session