Dr Thrift Sunnyside Church of God Presentation

Objectives

History

Definition

Need

Contentment

Be thankful for what you have and don't worry about what you don’t have.

Do what you are capable of doing, but don’t worry about what you can’t do

Being content means accepting what you have but you should never be complacent with where you are.

Stewardship

Woe unto him that striveth with his Maker! Let the potsherd strive with the potsherds of the earth. Shall the clay say to him that fashioneth it, What makest thou? or thy work, He hath no hands? Isaiah 45:9

A man void of understanding striketh hands, and becometh surety in the presence of his friend. Proverbs 17:18

The rich ruleth over the poor, and the borrower is servant to the lender.

Proverbs 22:7

The ants are a people not strong, yet they prepare their meat in the summer.

Proverbs 30:25

Industriousness

1) Early to bed, and early to rise, makes a man healthy, wealthy and wise

2) Diligence is the mother of good luck

3)God helps them that help themselves

Ben Franklin-The Way To Wealth

Continue to educate

yourself and improve

your skills

Try new things

Explore new opportunities

Frugality

Buy Good Quality Items

Negotiate

Search Online

From 2004-2009, revolving debt increased over $200 billion from $753.2 billion to $955.7 billion

A record 5.52% of these outstanding dollars were delinquent 30+ days in December, 2008

Bankruptcy filings were 29% higher in February 2009 than the previous year with over 1.5 million filings

The fastest growing group filing for bankruptcy are those 25 years old and younger

More college students drop out because

of debt than for poor grades

From late 1999 to early 2008, our nation had a negative savings rate.

Only half of Americans use tax favored retirement plans.

Credit card delinquencies have increased every year since 2007 creating another bubble waiting to burst.

Mortgage loans in foreclosure or delinquency set new records every year through 2012

Student loan debt has reached 1 trillion dollars which many argue will be the next bubble to burst

A 4 year degree at a state university can cost as much as $100,000

Our government is over $16 trillion in debt

Increasingly more of that is financed by foreign investors

www.drthrift.com

Introduction to Thrift

Budget for

Nov, Dec, &

Jan

Set a max amount

you would "like to"

spend on each

person

List the names

of those who

I want to give

gifts to

Can I trade with or peform services for someone as a gift?

How can I increase my income?

How can I reduce my expenses?

Is there someone who will be okay with me not giving them a gift this year?

Can I make someone a gift?

Create a cash flow list to determine when I will buy for each person

Who on the list will let me buy them a gift in January?

List on the back what I would do with an extra $100, $200, and $300

Modify my list of names to include only those I will buy a gift for BEFORE Christmas

Begin assigning a dollar amount to each person making sure not to exceed the amount I have

Write a list of what I would like to buy for each person based on their budget

Yard Sale

Research Sale Ads

Finishing shopping

Prepare for Thanksgiving

Research Quality and Reviews of Products

List those items I would like to purchase in Week 1

Thanksgiving

Buy only those items on my week 1 list

Do not use plastic. Only Cash.

Sell more things

Check out new sales ads

Revisit December budget

Purchase items as you have the cash

List of items to purchase when paycheck is received

Ways to increase income

Ways to decrease expenses

Don't Impulse Buy

THRIVE

Thrift

Dr. Thrift