Employees experiencing financial stress waste 240 hours a year dealing with personal money matters while on the job. Do you feel maxed out on debt? Are you wondering if you will ever climb out of the pit of debt? Are you stressed to the max worrying about your finances?
[youtube]http://www.youtube.com/watch?v=GsrA6AfS8UE[/youtube]
Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders as an independent feature length documentary film and book that chronicles abusive practices in the credit card industry.
“Wealth obtained by fraud dwindles, but the one who gathers by labor increases it.”–Proverbs 13:11.
Today, we are continuing our financial coaching class. And this class is based on Dave Ramsey’s Financial Peace University (FPU) class. Within this FPU, Dave developed seven steps to financial freedom that serves as a guideline to analyze and move those who are financially stressed back into financial control with purpose. Here are the Seven Financial Baby Steps:
- $1,000 in an emergency fund ($500 if your income is under $20,000 per year),
- Pay off all debt except the house, utilizing the debt snowball,
- 3–6 months expenses in savings
- Invest 15% of your household income into ROTH IRAs and pre-tax retirement plans,
- College funding,
- Pay off your home, and
- Build wealth and give.
For more information, click here. Financial Peace University is a comprehensive and engaging personal money management course that will teach your employees how to take control of their greatest wealth-building tool: their income.
