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Dollars & Sense How to Lock Down Your Personal Finances © 2014 by Building Bridges Chicago LLC

Dollars and Sense - How to Lock Down Your Personal Finances

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This presentation, presented by Building Bridges Chicago LLC, offers practical tips and advice for individuals, business owners, and aspiring entrepreneurs who want to gain a handle on their personal finances to improve their cash flow and overall financial health and well-being for better decision-making ability where money is concerned.

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Page 1: Dollars and Sense - How to Lock Down Your Personal Finances

Dollars & Sense

How to Lock Down Your Personal Finances

© 2014 by Building Bridges Chicago LLC

Page 2: Dollars and Sense - How to Lock Down Your Personal Finances

Overview

Become financially independent and self-reliant.

Take control of your money so it doesn’t control you.

Understand your true value.

Determine your financial needs for the future.

Develop a ready-to-implement action plan.

This presentation is not meant to teach you everything you need to know about personal finances.

Simple tips and suggestions are offered based on observations of the respected and admired for their successful financial habits.

© 2014 by Building Bridges Chicago LLC

Page 3: Dollars and Sense - How to Lock Down Your Personal Finances

Disclaimer

Building Bridges Chicago LLC assumes no liability for any financial decision or action taken as a result of this free presentation. Any actual decision is your own and you are wholly responsible for any outcomes of such decisions. You agree and understand that no warranty, either expressed or implied, has been made by Building Bridges Chicago LLC regarding the content of this presentation. Before making any financial decision, it is always wise to consult with a professional financial consultant.

© 2014 by Building Bridges Chicago LLC

Page 4: Dollars and Sense - How to Lock Down Your Personal Finances

Take the blinders off! Most people are completely unaware of

their current financial situation.

Do you find yourself… Dodging bill collectors?

Screening phone calls for toll-free numbers?

Hiding from the doorbell?

Answering unknown callers in fake foreign accents?

Avoiding or ignoring your financial health won’t make your problems go away!

Always know exactly where you stand. Your creditors do!

© 2014 by Building Bridges Chicago LLC

Page 5: Dollars and Sense - How to Lock Down Your Personal Finances

Your Current Situation

Credit

Financial Health

Net Worth

© 2014 by Building Bridges Chicago LLC

Page 6: Dollars and Sense - How to Lock Down Your Personal Finances

Your Net Worth

NET WORTH = ASSETS – LIABILITIES ASSETS (Income) are anything that MAKE MONEY

Job or business

Licenses, degrees, and certifications

Rental property

Stocks and other investments

LIABILITIES (Debts) are anything that COSTS MONEY

Primary home

Vehicles

Loans and other debts

© 2014 by Building Bridges Chicago LLC

Page 7: Dollars and Sense - How to Lock Down Your Personal Finances

Your Credit The road to good credit is paved with great

decisions.

Any score less than 640 is usually considered high risk

Scores and information reported can vary from one credit bureau to the next

Request reports from all 3 credit bureaus

Regularly monitor your reports for inaccurate information*

Dispute all discrepancies

DO NOT apply for additional credit during any pending dispute investigation

*Find out how to perform a full review and analysis of your credit report in the Money Madness Coaching Bundle.

© 2014 by Building Bridges Chicago LLC

Page 8: Dollars and Sense - How to Lock Down Your Personal Finances

Your Overall Financial Health

Do you earn more than you spend?

Do you pay yourself first?

Do you have a sufficient emergency fund?

Do you have an investment portfolio?

Are you saving the most you can for retirement?

Do you have insurance (car, life, medical, home, legal, etc.?)

Do you have a will?

Are you protected against identity theft?

Do you seek legal counsel for important life decisions?

If you answered NO to one or more of these questions then your financial health is failing! Time to adopt a new MONEY MINDSET.

© 2014 by Building Bridges Chicago LLC

Page 9: Dollars and Sense - How to Lock Down Your Personal Finances

Your Money Mindset

How you view money is a direct result of learned values, beliefs, behaviors, and observances over time

This determines the outcome of every decision you make that directly or indirectly involves money

Uncover the environmental factors that have you stuck in scarcity, immobilized by fear, or paralyzed by the possibility of prosperity

Being POOR (Passing Over Opportunities Repeatedly) is a mindset!

© 2014 by Building Bridges Chicago LLC

Page 10: Dollars and Sense - How to Lock Down Your Personal Finances

Your Money Story

Every great success started with a vision.

What is the old, sad song you have been singing?

What will make you happy?

What does success look like to you?

Is this your belief, or someone else’s?

Rewrite the story!

© 2014 by Building Bridges Chicago LLC

Page 11: Dollars and Sense - How to Lock Down Your Personal Finances

Your Money Mission

ACTION + TARGET + DESIRED OUTCOME

8 words or less

Use as an affirmation and decision-making tool!

Example – “improve my charitable giving among faith-based institutions”

© 2014 by Building Bridges Chicago LLC

Page 12: Dollars and Sense - How to Lock Down Your Personal Finances

Your Financial Goals SMART Goals

Specific

Measurable

Actionable

Realistic

Time-constrained

GROW toward success

Goal

Resources

Obstacles

Way Forward

K.I.S.S. Method – Keep It Simple Sexy

© 2014 by Building Bridges Chicago LLC

Page 13: Dollars and Sense - How to Lock Down Your Personal Finances

Your Winning Solutions

There are only 4 things you can do with money!

EARN

SPEND

SAVE

INVEST

Develop SMART goals in each of the 4 money quadrants.

© 2014 by Building Bridges Chicago LLC

Page 14: Dollars and Sense - How to Lock Down Your Personal Finances

Going Forward

Develop your strategic action plan

1. Your Money Story

2. Your Money Mission

3. Your Winning Solutions

Evaluate and assign resources

Schedule calendar reminders

Find an accountability partner

Review, Revise, and Reflect

© 2014 by Building Bridges Chicago LLC

Page 15: Dollars and Sense - How to Lock Down Your Personal Finances

Diagnose & Cure Your Money Madness! Comprehensive assessment and analysis of your money mindset to

uncover the environmental factors that make up your money madness

Thirty-minute one-on-one coaching session to help you develop a customized cure for the money madness manifesting as a roadblock to your health

30 days of resources, how-to success guides, and special insights sent directly to your inbox to support you in your journey toward financial health

$99Click here to stop the money madness today!

© 2014 by Building Bridges Chicago LLC