FI Slides

These slides are intended tohelp you prepare flip charts

and for active chartingin conjunction with the

FI Instructor Guide

Welcome

Financial IntegrityTransforming

Your Relationship With Money

Session 1

Parking Lot

Why FI?

• Reduce stress about money• Have more clarity about money• Feel more in control• Get out of debt• Live within my means and save• Be able to do the work I want to do • Reconnect with my purpose in life• Have more time for what’s important to me

Introduce Yourself

• Name

• Location (town, neighborhood)

• One reason you’re taking this course

Financial Integrity

The 9 Steps

(use the real logo here)

Financial Integrity

Tips for Success

Create a place for your materials.

Be open.

Pay attention when you feel resistance - it’s a learning moment.

Customize the steps for you.

Be patient - change can be hard.

Keep a journal.

Find support and friendship.

Check out resources.

• Fulfillment curve• Step 1 – How much money has come into yout

life and what you have to show for it• Step 2 – Real hourly wage and tracking your

money• Step 3 – Monthly tabulation• Review and plan for next session

Session 1 – Overview

9 circles exercise

Fulfillment Curve

Just getting started…

Fulfillment Curve

• Necessities/Survival

Fulfillment Curve

• Comforts

Fulfillment Curve

• Luxuries

Fulfillment Curve

• More luxuries

• The elusive high

• Clutter

Fulfillment Curve

• Enough

Group Activity

Necessities/Survival

Comforts

Luxuries

Clutter

Step 1

Lifetime Income

and

Personal Net Worth

Step 1

Lifetime Income

Lifetime Income

Financial Sources: Amount

Taxed income (SSA report)

Untaxed jobs

Selling stuff (cars, CDs)

Allowance /”spending money”

Gifts

Interest on savings

Total Lifetime Income $________

Step 1

Personal Balance Sheet

OWN OWE

Liquid Assets (+) Cash Value

Liabilities (-) Cash Value

Cash on hand Car loan

Bank Accounts School loans

Investments Mortgage

Credit Cards

Hard Assets Personal Loan

House

Vehicles

Personal items

Total Own $_________ Total Owe $_________

Personal Financial Net Worth Assets – Liabilities = $_______

Step 1

Liquid Assets

Step 1

Hard Assets

Step 1

Liabilities

Step 1

Personal Balance Sheet:

a place to put assets & liabilities

and determine your personal net worthOWN OWE

Liquid Assets (+) Cash Value

Liabilities (-) Cash Value

Cash on hand Car loan

Bank Accounts School loans

Investments Mortgage

Credit Cards

Hard Assets Personal Loan

House

Vehicles

Personal items

Total Own $_________ Total Owe $_________

Personal Financial Net Worth Assets – Liabilities = $_______

Step 1

SEE and ACCEPT

your current reality

REFLECT

on the choices you’ve made

UNDERSTAND

that you have control over the future

Step 2

Real Hourly Wage

&

Tracking Your Money

Step 2

What is Money?

Money =Money =Money =Money =Money =Money =

Step 2

Money = a means of exchange

Step 2

Money = life energy

Money is something you

trade your life energy for

How much of your life energy

are you trading for money?

Step 2

Figuring out your RHW

• Work-related benefits

• Work-related expenses

• Work-related time

Step 2

Case study RHW

Dollars/month ÷ Hours/month = Dollars/hour Basic J ob $2,773.34 168.0 $16.51 Adjustments: Payroll taxes -$212.16 Work travel -$60.00 21 Coffee at work -$15.75 5.25 Work clothes ($320/yr)

-$26.67

Work supplies/tools

-$30.00 0.5

Subtotal Adj. -$344.58 26.75 Real Hourly Wage

$2,428.76 ÷ 194.8 = $12.47

Step 2

RHW? Money = Your Life Energy

• Every time I spend about $__ I am trading about an hour of my life energy.

• Every time I buy ____ at $___, I am trading 30 minutes of my life energy.

Step 2

Tracking the flow of money in your life

(case study)

J anuary Inflows Outflows

Day 1 Coffee 0.75 Gas 35.00

Paycheck 1,386.67 Truck insurance 84.00 Rent 500.00 Day 2 Coffee 0.75 Cat food 12.15 Day 3 Coffee 0.75 Day 4 Coffee 0.75 Movie & snacks 10.00 Day 5 Coffee 0.75 Snacks/beer for poker 12.75 Poker winnings 4.50 Day 6 New boots 110.99 Groceries 75.82 Concert 40.00 Day 7 Electric bill 35.50 Telephone bill 65.75

Step 2

Questions

What methods could be helpful for

tracking every cent/dollar?

What challenges do you anticipate?

What opportunities?

Step 3

Monthly Tabulation

Patterns, Categories, and Subcategories

Gazingus Pins

Translating your Categories Life Energy

Step 3

Sample Monthly Tabulation

(notice the categories)

Dollars

Hrs of Life

Energy Accounts/cash at beginning $000.00 Income: Wages Interest Etc Total Income: Expenses: Rent Utilities Groceries Snacks Etc Total Expenses Remainder (Total Exp – Tot Income) Accounts/cash at month end

Step 3

Categories

Subcategories

Debt

Step 3

Gazingus Pins

Step 3

Case Study

Monthly Tabulation

Small Group Discussion

• Look at the whole chart, then choose one of two categories to discuss.

• What impact do you think the charting will have on the owner of this chart?

• What do you anticipate when you look at your own tabulation (hours of life energy)?

Introduction – The 9 Circles Exercise

The Fulfillment Curve

Step 1 - Your Lifetime Income and Personal Net Worth

Step 2 - Money = Life Energy

Calculating your Real Hourly Wage (RHW)

Tracking Your Life Energy

Step 3 – Patterns, Categories, and Subcategories

Gazingus Pins

Monthly Tabulations

Translating your Categories RHW

Session 1 – Review

Look over the handouts Start tracking your expenses. Why not? We’ll meet here at _____ on _____.

See you then!

Next Session