taking control of your cash - eliminating debt

Taking Control of Your Cash - Eliminating Debt

This seminar and any accompanying material are based on available sources of public information and is assumed to be correct as per the indicate sources. Any discussion of Eliminating Debt is for informational purposes only. Please consult with your financial planning consultant for your particular situation. The information presented is general in nature and not intended to be a complete explanation of the subject matter nor a substitute for careful personal financial plan that addresses an individuals specific situation.

Millennium Financial Group does not engaged in rendering legal, tax or accounting advice. Legal, tax and accounting advice applicable to your own situation should be obtained from a qualified professional.

Securities and Advisory Services offered through Cetera Advisors LLC, member FINRA/SIPC. Millennium Financial Group is not affiliated with Cetera Advisors LLC.

IMPORTANT INFORMATION

Happiness Is… Making Informed Financial Decisions

Although money may

not be able to buy

happiness, it is an

important part of life.

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Society for Financial Awareness

Wants vs. Needs

Wants Needs

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We Buy Because of Emotion, Not Logic!

From a psychological standpoint:

We purchase an item we mistakenly believe will make us

happy.

The item loses its value to us over time.

We look for the next item to make us happy, and then another,

and so on.

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Changing Your Perspective

Your self-worth has

nothing to do with

your net-worth.

Money does not

make the person - it

is who they are on

the inside that

defines their lives.

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You Shouldn’t Live in Fear of Your Finances

Your financial dealings are serious; however, you are in control, even if it

doesn’t always feel like it.

You can control your savings, expenses, and even your earnings; however, you

have to adopt the mindset to do so.

As you begin to build up your feelings of self-worth and develop a positive

attitude about yourself and about money, you'll be able to function positively

and effectively.

There is no point in waiting for your situation to improve before you tackle

your money issues.

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What Makes You Happy?

It’s often been said that

the best things in life are

free, and it’s true.

Unfortunately, some

people convince

themselves that they

don’t deserve happiness

and accept their

circumstances far too

easily.

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You Have to be Willing to Sacrifice to Achieve Goals

There are no secrets

to success. It is the

result of preparation,

hard work, and

learning from failure.

Colin Powell

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Take Control of your Circumstances

Before setting out to achieve a goal, look how others have achieved

something similar and find out how they did it.

Find someone who's on the path you want to pursue and have a

conversation with them.

Following a well-defined path often makes it easier to bring about change.

In doing so, you create accountability.

You need to be able to walk before you can run, and taking small steps if

you’re contemplating significant changes can dramatically improve your

chances for success.

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Developing Your Plan

Evaluating the current situation: “Initial Spending Assessment”

Identifying “wants” and “needs”

Discussing options and adjusting spending accordingly

Tracking spending - Creating a Comprehensive Budget

Establishing and implementing short- and long-term goals

Reviewing and modifying your plan when necessary

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Building an Emergency Fund

Plan for life’s unexpected

emergencies by setting up

an Emergency Savings

fund.

Set aside at least 3-6

months worth of expenses

to help cope with life's

emergencies.

Emergencies can happen

to anyone, anytime!

Seek conservative savings

vehicles that keep pace

with inflation.


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Become a “Financial Guru”

There are thousands of

not-for-profit agencies

that offer the public free

financial analysis.

Speaking with a certified

credit counselor will help

you establish an initial

game plan, as well as

identify the information

you need to know for

your financial situation.

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Credit Card Debt

One of the biggest

problems credit

counselors see regularly

is uncomfortably high

credit card debt, which

can really devastate a

family’s budget.

$24,000

$34,000

18% Interest 29.99% Interest

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$14,000 Credit Card Balance


Getting Out of Debt

Debt Snowball Method

Modified Snowball Method

Credit Counseling


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Life on a Debt Management Program

Bills which can be included in a Debt Management Program include Credit Cards, Personal Loans (unsecured), Personal loans secured by household items, Past-due balances on telephone bills, cellular phone bills, electric bills, etc., Collection Accounts, Lines of Credit, Disconnected Utilities, Medical Bills, and Repossessions (unpaid remaining balances).

Debt Management Program participants typically enjoy:

One Convenient Monthly Payment

Lower Monthly Payments

Reduced Interest Rates

Elimination of Late and/or Over Limit Fees

Ongoing Education

Access to Nationally Certified Credit Counselors

Full Support of Our Customer Care Associates

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Thank you for your time!

Please complete your program

evaluation.

We are happy to answer any questions you

may have now or in the future!

taking control of your cash - eliminating debt

Education

financial awarenesswhat

millennium financial

informed financial decisions

financial planning consultant

particular situation

money issues

cetera advisors llc

individuals specific