02042016 b.a.g. lady radio workshop on the radio

The B.A.G. Lady Radio Show

Presents

Financial Self Defense:Using what others have to get what you want

WELCOME!• I am glad you are here!

• Be sure to leave feedback on my FaceBook Wall https://www.facebook.com/BumbleBee.Ellis

• Call in with your questions to 404-603-8770

• Have a pen, paper and a mirror handy… we got some WORK to do!

• We will discuss making money or saving money

• We are going to talk about 3 very specific things today, if time allows. They are:– Credit

– Debt

– God’s Money

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-EllisCredit 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!

#GodsMoney

#FinancialSelfDefense

#CreditMoney

#MakeTodayGolden

#GoldenHeartsHoldings

#UndeniableCredit

-> Don’t forget the # <-

Be Part of the Conversation!

#GodsMoney


#CreditMoney

#MakeTodayGolden


#UndeniableCredit

DOWNLOAD THE WWWE APP

Be Part of the Conversation!

DOWNLOAD THE WWWE APP

#GodsMoney


#CreditMoney

#MakeTodayGolden


#UndeniableCredit

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

• Bills

•Debt

•Cost of Life Expenses

•Savings

Is there a Difference?Is there a Difference?Is there a Difference?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” amount


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


Formula for Life

10% - Tithe

20% - Savings

70% - Life

My RecommendationsMy RecommendationsMy RecommendationsMy 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?At, Above or Below?At, Above or Below?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.TS.W.O.TS.W.O.TS.W.O.T. Analysis. Analysis. Analysis. Analysis

STRENGTHS WEAKNESSES

OPPORTUNITIES THREATS

S.W.O.T.

Analysis

S.O.T.

THREATS

OPPORTUNITIES

Break Time!!!

One of my Favorite Songs!One of my Favorite Songs!One of my Favorite Songs!One of my Favorite Songs!

Let’s Stay In Touch!

#GodsMoney


#CreditMoney

#MakeTodayGolden


#UndeniableCredit

-> Don’t forget the # <-

How Reliable is the

information in your credit

file?

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 http://ftc.gov/opa/2013/02/creditreport.shtm

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 household finances during the recession and work to get out from under its influence before the burden becomes unbearable again.

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 I Can Help You

• Personal Credit Coaching

• Credit Rebuilding Services – Not Credit Repair

• Workshops in Atlanta

• Transferring your paper money into other wealth vehicles, such as Gold

Announcements and Special Offers

Leap Year Special on credit services:

• $300 to start with payment options over the

next 2 months

• $200 off if you pay in full to get started

• Up to $400 referral fee

• Special pricing for couples – married, living

together, close relations, i.e., mother-

daughter, sister-brother, etc.


• Special pricing for the April 2nd, 2016 Make Up Your Mind Tour stop in Atlanta (Text for discounted price at 678-856-3258)

• Special pricing available for groups of 10 or more

• Seating is limited

• Ask about our Goddess Empowerment Women’s Only Networking Event on February 10th, 2016


• Part 2 of this presentation “God’s Money” will

air on Thursday February 25th, 2016

• Converting declining currencies into more

stable vehicles, such as currency grade Gold

• Open a gold savings account for free by going

to

https://www.karatbars.com/?s=goldenheartm

ary

Thank you for Tuning In and Thank you for Tuning In and Thank you for Tuning In and Thank you for Tuning In and

Participating!Participating!Participating!Participating!

KINGDOM BUILDER

GIFTS

ADVOCATE

CHAMPION

FINANCIAL LITERACY AND CREDIT COACH

WRITER

ADMINISTRATOR

MORE THAN 20 YEARS IN THE MARKETPLACE

VOICE ACTRESS

RADIO PERSONALITY

TEACHER AND PREACHER

02042016 b.a.g. lady radio workshop on the radio

Economy & Finance