Welcome to the

Welcome to the

Are You Debt Free?

If so this is the place to be for the next hour!

• Doesn't matter how long you have been debt free

• This webinar is for you!

• Even if you still are working on getting out of debt, still going to take away something from this webinar.

Why is this an important topic?

• Getting out of debt takes a lot of the following:o Timeo Energyo Moneyo Sacrifice

• Usually forced to make changes in our life to become debt free

• Such an emotional journey to climb the mountain

• Get to the to the top and ask yourselves "Now What"

Why is this an important topic?

• I've seen people kind of drift and don't know what to do

• Get sloppy with their finances

• Don't pay as much attention

Debt Free is not the end . . .

• Only the beginning!

• You get to climb bigger and better mountains

• You get to control the pace

• Climb as high as you want to

What to do after you are debt free

• First thing you want to do is get your emergency fund funded

• Recommend six months worth of expenses

• Keeps you from having to go right back to where you came from!

Benefits of an emergency fund

1. Turns a crisis into an inconveniencea. Don't have to turn to credit for a broken down carb. Won't lose steam when something unexpected pops

up2. Allows you to take more calculated risks

a. Know you have next month's mortgage paymentb. Not worry about how the stock market is doing

3. Increased Job securitya. Don't have to worry about getting firedb. More confident and bold in the workplace

4. Better able to sleep at nighta. Don't have to sit up and worry about the economyb. Can better focus on improving your own economy

What to do with all your extra cash?It's a good problem to have!

Get to choose to do with it what you want to!

• Get to pay yourself first instead of paying the bank!

• Having all this extra money can be overwhelming

• Still need to have a goals and dreams• Tendency is to get sloppy with our finances• Counteract that by still doing a budget

o Difference is that you can add to your budgeto Instead of taking stuff out to pay the bank

• Continuing to do a budget will take your finances from good to great

What's your biggest financial priority?

Vote in the poll and share with us what your biggest financial priority is

Things to save for in your budget-Next car purchase

• Be done with car payments for life!

• Put a car payment in your budget and pay yourself the car payment.

• Get a better deal paying with cash

• Hardest one to save up for and buy with cash is your first one

Things to save up for in your budget-House projects

• Now is the time to do those repairs that you have been putting offo Remodelingo New Furnitureo Paintingo Redecorate

• All in cash!

Things to save up for in your budget-Vacation

• You may or may not have taken a vacation in a while

• Great way to celebrate the end of your debt free journey by celebrating as a family

• The best vacations are the one's that don't follow you home

Things to save up for in your budget-Down payment on a home

• Still renting and wanting to purchase a home?

• Now is a great time to purchase a home.

• Put yourself in a great position to purchase a home

• The bigger the down payment the more home you can purchase.

Investing in your future"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson

Things to invest in: Retirement accounts

• With no debt and an emergency fund, perfectly set up to start saving for retirement

• Goal is to be putting 15% of your income into retirement

• Can't do 15% at least start somewhere and build your way up

• Invest in tax-favored vehicleso 401(K), 403(B), TSPo IRA (Prefer ROTH over traditional)

• Will grow quickly by constantly contributing each month.

What should I invest in?

• Invest in things you understando Don't take advice from "I heard, she says, and

everybody says"o Have someone teach you and explain it to youo "Know what you own, and know why you own it." -

Peter Lynch• Invest in things that are within your risk

tolerance• Invest with a long term perspective

o Won't need this money tomorrowo Be ready to ride the roller coaster

• Invest in things that have a long track record

Question on mutual funds

• What are mutual funds?

• How do you purchase mutual funds?

• What time is the best to purchase mutual funds?

• What do I think of mutual funds?

Things to invest in: Real Estate

• Real Estate is a good way to diversify your portfolio

• Great time to buy a real estate

• There are some bargains out there if you are patient

Things to invest in: Your own business

• People dream about being their own boss and going out on their own

• Don't have to be debt free before you start a business

• But being debt free allows you to infuse some cash into your business

• Start to turn your dream into a reality

Things to invest in: Yourself!

• "Invest in yourself. Your career is the engine of your wealth." - Paul Clitheroe

• Investing in yourself is THE best investment you can make

• What areas in life do you want to improve in?o What classes can you take?o What certification do you need?o What seminars can you attend?

• Invest in your family, marriage, and faith• Continuous process

Spending your money"Economy does not lie in sparing money, but in

spending it wisely." - Thomas Huxley

Things to remember with spending

• What do you want to do that you aren't doing now with your spending?

• Is there anything you want to add back to your budget that you had to take out?o Cableo Eating outo Clothing

• Remember it's not bad to spendo Reason you got out of debt in the first place!o Demonstrated good habits in getting out of debt

• There's a difference between being frugal and being cheap!

Giving “It is more blessed to give than to receive.” -

Acts 20:35

Become a bigger giver

• Most people want to give more -- Now you can!• Change lives by giving to causes that you

believe in• Can perform random kind acts for people• Realize that it is truly better to give than to

receive • Get the whole family involved in giving• Giving is one of the best things you can do with

money . . . if not the best.• “The value of a man resides in what he gives

and not in what he is capable of receiving.” - Albert Einstein

Things to consider down the road

• Everything you budget and save up for can't be done in a year or two

• Some things takes years of patience to accomplish including:

• Paying off your house earlyo How awesome would it be to be 100% Debt Free?o Paying extra each month on your mortgage saves

years and interest• Saving for your child's education

o Decide ahead of time how much you would like to contribute

o Save early and get your child a head start on their education

See all the options you have being debt free?

• Depending on your income you can only do so many of these things

• Need to prioritize what's most important to you• Work together if you are married• It will look different to each family and individual

o Make sure the Emergency Fund is in place 1sto Then do the things you have been putting offo Next start investingo Finally, anything left over, allocate how you choose

• Debt free gives you more options . . and more responsibility!

Don't be afraid to dream BIG!

• Start to predict your expenses ahead of time 3-5 years in advance

• In pencil, not pen• Ask yourself "What do I want to do 3 years from

now?"• 5 years from now? 10 years from now?• Won't get done unless you think of ways to get

it done!o Set goals and write them downo Think with the end in mineo Work backwards and figure out how to accomplish

them

Products to help you out• 2 Hour Financial Checkup

o Two hour meeting going over your financeso Work on creating short term and long term goalso One 2 hour meeting or two 1 hour meetings

• 6 month plano One two hour meetingo Exclusive, Monthly in-depth email on a topic we

covered tonighto Available via email to answer your questionso One hour meeting at the end of the six months

• 12 month plano One two hour meetingo Monthly in-depth email on topic we covered tonighto Available via email to answer your questionso One hour meeting at six months and one at 12 mo

Special offer to Webinar participants

• Normally the packages would costo 2 hour-$199o 6 month $299o 12 month $499

• Tonight are available foro 2 hour-$139o 6 month $199o 12 month $349

• Special bonus tonight for those who purchase the 6 month and 12 month packages

• Can be purchased through http://JWFinancialcoaching.com/NowWhat

Questions?

Is there anything that I haven't covered tonightthat you have a question about? Now is your timeto ask!

Thank you for attending!

• Thanks for choosing to spend your evening with us, we couldn't do this without you!

• To get more information about us visit:o Website-JWFinancialCoaching.como Facebook-Facebook.com/JWFinancialCoachingo Twitter-Twitter.com/JWFinCoachingo Podcast-Stitcher.com/JW

• Have a great evening and remember it doesn't matter what you do with your money as long as you do it the right way