may 30th 2015 workshop presentation (slide share sample)
TRANSCRIPT
We are glad you are here!
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Welcome!
Who I am“One of my favorite stories is of two gravely ill men in the hospital. The one near the
window delights in sharing the majesty and beauty of the world outside to his
contemporary, who, being in constant pain and immobile, looks forward to being
regaled by his equally ill roommate. Upon the inevitable passing of the first man, the
second demands to be moved to the window so that he can marvel at the world
outside; only to learn that there was no window and his companion had been blind
all along. Of these two men, I most identify with the blind man who could see
beauty and wonder when others lack vision.”
-Mary Ellis, CEO/Founder Golden Hearts Holdings, Inc.Mary Norris-Ellis
Credit Coach | Speaker | Trainer | God's Gift to
Broadcast! Mary Ellis is a Kingdom Builder. She is a gifted speaker, a captivating story-teller, a skilled
trainer and an accomplished financial literacy and credit coach, who leads clients and students
through the tedious and complicated worlds of consumer credit and finance, using biblical
principles and simple strategies that yield PROVEN results.
Mary is also an entertainer and show personality, as featured on “The Credit Reality Show” and
is the creator and producer of the “B.A.G. Lady Radio Show”
She is also a member of several professional women’s organizations
An entrepreneur at heart, Mary left Miami, FL, where she was born and raised, taking a leap of
faith by moving to Atlanta, GA in 2006. She is a loving wife, devoted mother of three and
proud GlamMa!
Subscribe to her YouTube Channel http://www.youtube.com/c/Goldenheartsholdings and can
check out her radio broadcasts at http://www.blogtalkradio.com/goldenheartsholdings!
Let’s Stay In Touch!
Don’t forget the #• #MirrorMoment
• #MakeTodayGolden
• #GoldenHeartsHoldings
• #UndeniableCredit
Agenda
• Determining Your Financial Health
• Credit Basics
• Credit and Finance Goal-Setting
• Questions, Answers, Testimonials
• Return Evaluations
The Point of it all is WEALTH!!!
What to Expect Today
Handouts
1. 52-Week Savings
Challenges
2. S.M.A.R.T. Goals
Task Sheet
3. My Business
Cards/Flyers
4. Mirror
5. Evaluation Form
(Please return to
me at the end of
the session)
What You Will Leave With Today
Basics of Finance – Vocabulary
Words Account
Annual
Banking
Bills
Budget
Checking
Cost
Credit
Debt
Expenses
Finance
Income
Interest
Investment
Money
Percentage
Price
Prime
Savings
Sub-Prime
Tithes
What We Will Talk About Today
Bills
Debt
Cost of Life Expenses
Savings
Is there a Difference?
Bills versus Debt
Bills
• Occur on a regular cycle (monthly, semi-monthly, weekly, etc.)
• Amounts may vary from cycle to cycle
• Immediate to short term effects
• Directly related to your health and/or comfort
• There is no “pay-off” – Bills keep coming
Debt
• Usually monthly, but may occur more frequently
• May be larger amounts and connected to larger purchases (buying
on time)
• Long-Term effects, including future ability to purchase
• Likely to affect your credit rating
• There is a “pay-off” amountIs there a Difference?
Cost of Life Expenses and
Savings
Cost of Life Expenses
• Unavoidable
• Immediate effect
• Necessary for sustaining life
• Irregular amounts/Occasional expense
Savings
• Should be mandatory in your life
• Immediate, medium and long-term effect
• Impacts your ability to purchase
• Has an effect on your future and planning
Is there a Difference?
Formula for Life
10% -Tithe
20% -Savings
70% - Life
My Recommendations
Yours to Keep and/or Manage
What you owe to LIFE!
“For where your treasure is, there will
your heart be also.” – Matthew 6:21
KJV
At, Above or Below?
“I declare that my future self can count on my today self! I will
make decisions TODAY that will ensure my aid and comfort
tomorrow. From THIS moment on, I will be honest WITH myself
FOR myself. I am the change I have been seeking. I can do all
things through Christ who strengthens me.”
LEARN
GROWREPEAT
www.GoldenHeartsHoldings.com 2015 ©All Rights
Reserved
S.W.O.T. Analysis
STRENGTHS WEAKNESSES
OPPORTUNITIES THREATS
S.W.O.T.
Analysis
S.O.T.
THREATS
OPPORTUNITIES
Hmmmmm…
What did you hear?
What did you feel?
What will you do?
Break Time!!!
One of my Favorite Songs!
Let’s Stay In Touch!
Don’t forget the #• #MirrorMoment
• #MakeTodayGolden
• #GoldenHeartsHoldings
• #UndeniableCredit
It’s all about perspective…
The US Population is 313,914,040 (as of June 2012)
According to this report, the Big Three Credit Reporting Companies (Experian, Equifax and TransUnion) are keeping files on 200,000,000 Americans
The Population of New York City is approximately 8,336,697 (as of June 2010)
The Population of Metro Atlanta is approximately 6,000,000
But over 40,000,000 credit reports have errors in them and roughly about 20,000,000 are serious enough to cause seemingly insurmountable problems for consumers
This report is furnished by the Federal Trade Commissions (FTC) at
What is Credit?
cred·it /ˈkredit/ noun – “The ability to obtain
goods or services before payment, based on
the trust that payment will be made in the
future: ‘unlimited credit’.”
Synonyms - noun. trust - faith - credence -
honor – belief
Leverage
Some basic terminology
Credit file: A detailed history of money you have borrowed, credit you have used and whether you make bill and debt repayments on time. A credit file may list employment history as well as present and residences.
Credit Rating / Credit Score/Credit Grade: An alphanumerical score calculated using the information in your credit file. The credit rating is often used to determine a borrower's credit worthiness and is sometimes referred to as a credit score.
Credit check: A process where a person has his or her credit history reviewed before credit is extended.
Who Governs the Credit
Industry?
The entire Credit Industry is overseen by the Federal Trade Commission
It is governed by US Codes 15 and 16
United States Code (15 U.S.C. § 1681 – 1681u. and 15 U.S.C. §1692g) Fair Credit Reporting Act (FCRA)
Credit Reporting Agencies
Credit Bureaus
Consumer Reporting Agencies
Fair Debt Collections Practices Act (FDCPA) Credit grantors
Debt Collectors
Employers
Text of Fair Credit Reporting Act of 1970, 15 U.S.C. §§ 1681-1681u.
FTC Commentary on FCRA, 16 C.F.R. Part 600.
FTC Staff Opinion Letters on the FCRA.
Where does credit come from, who uses it
and what is it used for?
Department stores
Landlords
Mortgage lenders
Employers
Student loan providers
We call it CREDIT… but the way
we are taught to use it, it really
feels like DEBT!
Is it Credit or Is it Debt?
The State of Debt in America:
A Cautionary Commentary by CardHub CEO, Odysseas
Papadimitriou The economy appears to be rapidly improving. Almost 3 million jobs were
added in 2014 and the year ended with the lowest unemployment rate in recent memory: 5.6% - meaning that almost 94 people out of 100 was gainfully employed (confirm USDOL’s definition of employment/unemployment).
CardHub.com released 2014 Credit Card Debt Study – Consumer credit card debt statistics is an indicator of spending trends and household financial health
The fact that defaults are at their lowest level since WalletHub began tracking credit card debt six years ago also indicates that consumers have the financial wherewithal to remain current on their obligations. That’s the good news.
The bad news is that while economic gains are making our spending habits sustainable for now, attitudes toward debt have not improved since the Great Recession. Consumers ended 2014 with a $57.1 billion net gain in credit card debt, and CardHub now projects that we will incur more than $60 billion in new credit card debt during 2015 – a 5% increase. We’ve now had six consecutive quarters of year over year increases in our credit card debt load.
As a result, we must strive to remember the corrosive impact of debt on
Reflect on that for a moment
What did you hear?
What did you feel?
What will you do?
I am here to help!
The only constant is CHANGE!
Any meals you REALLY like and no matter
how hard you try at home, it’s just slightly off
from the way they do it at the restaurant?
Is there anyone here who does their own hair?
Nails? Fix their own car? Make your own
clothes? File your own taxes? Do your own
dentistry? Perform your own medical
procedures?
How can I help you?
What do you think is the number one objection
to me or to Regina when it comes to our credit
rebuilding services?
Is there a difference between doing
somethings yourself versus hiring a
professional?
Announcements and Special
Offers
Thank you for coming!
KINGDOM BUILDER
GIFTS
ADVOCATE
CHAMPION
FINANCIAL LITERACY AND CREDIT COACH
WRITER
ADMINISTRATOR
MORE THAN 20 YEARS IN THE
MARKETPLACEVOICE ACTRESS
RADIO PERSONALITY
TEACHER AND PREACHER