Show me the Money!

Money Management the Mary Kay Way

WHY? They don’t know where the money they made went!

MONEY:

The #1 reason people get into this business.

The #1 reason people get out of this business.

Choose to be aware. You CAN do it!

This system works and is easy to use!

• I started using this system on paper as a consultant in 2000 and converted it to digital around 2008.

• I am a former high school Math teacher. I believe you can learn this just like you learned scripts & the skin care class.

• It is entirely based on Mary Kay’s teaching of the 60-40 rule.

You can do it!

• Nothing happens until somebody sells something!

• The more money you make, the easier it is to manage.

• If you are not making money in Mary Kay, “you are starving in an orchard.”

In order to manage your

profit, you must first

manage your product!

Product = Profit

If you do not have a full-size store: Option 1 (the long road): Reinvest profit to build inventory Option 2 (less stress): Place inventory order, then manage money using 60-40 split

THREE Money Tools

1) Investment Source (credit card, bank loan)

** IMPORTANT ** Once your store has been set up on this card, DO NOT USE AGAIN!

• Money goes in and out frequently. • Before making purchases, ask yourself: Do I really need this? (Does it boost my business or is it for pleasure?) Have I shopped around for the best buy? Is this something I can get later? Do I have the CASH flow for this? (Not: Is it within my credit card limit?)

THREE Money Tools

2) MK Checking Account (goal: no minimums or fees)

** IMPORTANT ** Deposit income into the bank ONCE A WEEK. (Your own pay day!)

• Use one with rewards like free airline miles!

• Use to place orders from sale of products.

• Do NOT carry a balance. Pay in full each month with the money from your MK Checking Account.

THREE Money Tools

3) Revolving Card (credit is better than debit)

** IMPORTANT ** The key to no balance carry-over is AWARENESS & DISCIPLINE.

The “60-40 Split”

50 % Replace Products

10 % Business Expenses

40 % Profit:

Your choice

60% 40%

EXAMPLE: $600 / week

$300 ws Replace Sold

Products

$60 Business Expenses

$140 For You or Biz

10% 40% 50%

$100 Pay Down Debt

You could pay off $4,800 of debt in 1 year with consistent Mary Kay activity!

100 dollars

x 4 weeks

x 12 months

$4,800

$240 Profit:

Your Choice

Add products to online order and save on InTouch.

Pay full balance of

revolving credit card when it’s due

Stays in your MK checking account to pay revolving credit card when

it’s due

Deposit the $600 into your MK CHECKING ACCOUNT

Send weekly to pay investment

credit card and/or loan

40% Profit = Your Priorities

What do you want your profit to pay for?

When do you want it by?

How much does it cost?

How will you divide up your 40% profit towards your different priorities?

Example and blank versions available at www.ginabeck.net Username: bright Password: stars Go to > Training Center > Business Tools & Tracking

Where to find Gina’s 60-40 Money Management System

www.ginabeck.net

“Consultants” section username: bright password: stars

> Training Center

> Business Tools & Tracking