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Financial Matrix

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CJ Calvert

on 26 March 2015

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Transcript of Financial Matrix

Many people are buried in debt. They are living paycheck to paycheck.

"Money can become a monster, where it's all you think about. Where it feels like there's a constant weight on your chest that you just can't remove because you're so far in debt."
"Most people who make $30k a year believe if they made $40k a year, their troubles would be over. Strangely enough, though, people who make $40k a year seem to believe that if they made $50k a year, that would solve their problems. The trouble with this thinking is that no matter how much money you make, if you spend all you’ve made, you’re constantly at this financial cliff."
Many people pay a huge amount each month to service debt - car payments, mortgages, student loans and credit cards, in order to keep up their current lifestyle.
“So many people try to keep up with the Joneses and put themselves into a position where one tug, one lost job, one economic downturn and BOOM, their bobber is under the water and they’re drowning.”
The Problem
Few are prepared financially for retirement. Most people believe the answer to their money problems is simply getting more money.
The Statistics
"The average college student, by the time he graduates, is over $20k in consumer debt."

“In the 2007-2008 housing bubble, multi-millions of people filed bankruptcy. Their housing value dropped on average 1/3 in the best areas to ½ in the worst areas.Can you imagine waking up one day and your house is worth half the value?”

"A BusinessWeek article in 2014 announced that American consumer debt is at an all-time high: $3.2 trillion."
Three Options

Live a "debt free" lifestyle in a cardboard box?


Late-night Get-Rich quick schemes?
What are we to do?
Warren Buffet's Expert Advice
Warren Buffet started with nothing. He is now the 3rd wealthiest person on earth, worth $72 billion.

Asked by college students, what financial advice he would give them:

1st: “Avoid credit card debt."

2nd: “Invest in education; specifically, personal growth.”

Forbes 400 Financial Advice
What was the strategy to be on the Forbes 400 list?

75% of respondents said, their #1 answer:

"I got out of debt early. Get out of debt, and stay out of debt."

"The real question that everyone should ask themselves when it comes to finances is:

Are you ready to break out of the Financial Matrix?"
Introducing the
Financial Fitness Program!
For $99.99*, the Financial Fitness program teaches the OFFENSE (making money), DEFENSE (budgeting and discipline) and PLAYING FIELD (rules and philosophy of money) of personal finance.
"No financial education would be complete without looking at all three areas. What are those three areas? We call them offense, defense, and the playing field of personal finance."
"Just remember: it's not what you make, but what you keep, that determines
financial success."
The Financial Fitness Program. Contact your LIFE Leadership representative for more information, and order yours today!
"The average age that somebody goes into debt today is before they even have their first job."
"According to Alex Vega, business writer for the Associated Press, the average credit card debt per borrower in the United States was at $5,122 for 2011.

The average American family savings account balance is $3,800."
"Do you realize what you pay in interest for a house? You buy a $150k house, over thirty years - you pay over $450k for that house."
We all know this - everybody knows, "Live within your means." But why don't we do it?
When you change your thinking, when you get better ideas; when you take these principles and apply them to finances, you'll never be the same financially again.
"Can you imagine if you owned your house, how much cheaper you could live? Imagine if you owned all your cars, you owned your house, and you paid cash for everything. You never carried a balance on anything."

"Financially fit people analyze their habits, in life as well as in finances, and work to break bad habits and cultivate good ones. They think about and choose the habits they want and need to achieve their life's dreams."
"Invest in your #1 Asset, your brain."
"What is the messaging on TV? Buy now, pay later. Finance? You deserve it. I know it's going to cost you three times as much. Most people hearing this talk are going to wake up tomorrow morning worse financially off than they were today."
"What's great about this pack is inside that pack is the WORKBOOK. What they've done with that workbook - they've literally laid out every step for you, and given you a very simple guide. Basically, all you have to do is go through it and fill it out."
"Stop getting advice from broke people. Get it only from the people that you want their financial situation."
"In an article titled,
The Top 7 Reasons for Divorce
Divorce Guide
stated that financial problems are the greatest cause of divorce in the United States.

If the union was shaky before the problems arose, the pressure can be too much. Couples disagree on whom to pay and when to pay them; on what warrents expenditure and what doesn't. Approximately HALF of all divorces can be traced to money problems."
"Isn't it the government's job to make things
How much stress is in your life?
Do you want stress, do you want less stress?

How much security is in your life? Do you want more security? Do you want more control over your finances?

Picture what you want your future to look like. What is it you DO want your future to look like? How do you visualize your life?
What I love about our Financial Fitness Pack, is it's the only program out there that covers all three. It covers the DEFENSE - it covers the OFFENSE - and it covers the PLAYING FIELD.
What do you want?
"If you figured out how much of your net income goes to service debt, you'd be blown away."
Full transcript