2. “Half of all Americans do not have
$1,000 in net financial assets.”
prnewswire.com/news
“Americans owe on average
nearly $9,000 in credit card debt per
household,
on 16 different cards” Money Set 2003
45 percent of Americans
have saved exactly nothing…
zero, zip, nada toward retirement
National Association of Government
Defined Contribution Administrators, Inc. (NAGDCA)
3.
4.
5. Not Having a Financial Plan
Is a Financial Plan….
It’s just a Really Really
Bad Financial Plan
• Do you have a complete written plan that includes all six steps?
• Do you know your EXACT debt free date?
• Do you know your EXACT Financial Independence date?
6. Which is correct?
I Would have a Better plan if I Had More Money?
Or Is it?
I Would Have More Money If a Had A Better Plan?
7. Six Steps to Financial Security
1. Increase Cash Flow
2. Establish an Emergency Fund
3. Manage Debt
4. Ensure Proper Protection
5. Build Long Term Savings
6. Preserve your Estate
8. Small Changes = Big Money
“Debt Free in 8 years including a 30 year mortgage
without increasing
your monthly payments”