HANLI MARAIS MONEYMOMENTUM ACADEMY (TRADEMARK) … · 2017. 9. 7. · HANLI MARAIS MONEYMOMENTUM...

HANLI MARAIS MONEYMOMENTUM ACADEMY (TRADEMARK) 2017 1


Contents Change your Money Story ______________ 3

Principles for whole life wellness ________ 5

Manage your money __________________ 10

What about credit? ___________________ 17

Get rid of bad debt fast ________________ 18

Save your money _____________________ 21

Invest 4 Freedom _____________________ 23


CHANGE YOUR MONEY STORY

Most of us have a past money story with a bold script of failure, disappointment,

betrayal and guilt playing in our subconscious minds on constant repeat.

A money story is the secret language of money at work: the unconscious tale you

continually tell yourself about what you say with money, what it means to you,

and what money says about you. It’s a running dialogue about how much you feel

you deserve, how much you think you’re worth, and how much you assume you’re

capable of (David Krueger, MD: Our Money Stories).

Reality is we cannot change our past story and beliefs about money, but we can

influence and decide our future beliefs and future money script. We cannot

control our circumstances, but we can control our reactions to those

circumstances.

CLICK HERE ON HOW TO DELETE YOUR OLD

MONEY STORY AND CREATE A NEW ONE!

http://www.hanlimarais.com/


Start to create your future money script through designing a DreamBoard and

experience the joy of ‘pulling’ these future dreams into your current situation.

These are the experiences you want to have once you become debt free and

achieve financial freedom. These things will give you ultimate happiness and you

should complete them before you pass on. These things you need to list if time

and money were no object.

Where do you feel called to spend your time?

Where do you want to go?

What do you feel called to do?

Ask specifically and you shall receive….

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________


PRINCIPLES FOR FINANCIAL WELLNESS

Our being (who we are on the inside) drives our doing (who we are on the

outside). Dr Larry Burkett said: The way we handle our finances is an outside

indicator of an inside condition.


Now that you decided on your future money story, you need to understand

and change your motivations to spend money.

1. A significant motivation of spending is to increase the perception, both

of ourselves and others, of status.

Social pain is processed in the brain in much the same way as physical pain.

Being excluded from a group activates social pain. Likewise, people are

acutely sensitive to their social status—their importance relative to others—

and are attuned to where they fall on the social ladder. This active and

conscious consideration of status-related information in comparing

ourselves to others can result in, “I can purchase what anyone else can by

using my credit card.”

2. Decide to be happy & content despite your economic condition or

circumstances

This is the #1 problem in most families – a lack of joy in your economic strata

leads to always wanting more. We need to learn to be happy where we are –

contentment does not mean we are complacent.

We should never confuse fun with happiness. Happiness is a state of your

soul – something you decide to be and should not have anything to do with

your financial condition!

Remember, money can:

o Buy you a house, but can’t make you a home

o Provide the means for a heart transplant, but can’t buy you love

o Pay for an education, but can’t give you wisdom


3. We need to change the way we look at our finances – like crash diets don’t

work because you pick up more weight after starving yourself, the problem

is we need patience.

• Financial success is not a 100-meter race

• Delayed gratification & self-discipline are needed in our financial life

• Rather save (pay yourself) lower monthly instalments and then buy

cash, instead of paying ‘easy monthly instalments’ to the shop and pay

one-third more for the product!

4. Choose to be Patient & Persevere through hard times

Sometimes you need to make difficult financial decisions in order to get out

of the debt-hole. Difficult times will make you stronger.

For a period of time it may get really hard, but you need to stay patient and

do whatever you need in order to get out of your debt situation, for example

like moving to cheaper accommodation, taking a second job, lower your

standards of living or selling stuff you don’t need.

Eaglets do not instinctively know how to fly. When an eaglet is born in

captivity, they will never fly if not taught. They learn by mimicking their

mother and when dropped will fly – sometimes life drops us in a situation

where we either will come out flying or dying.

Our greatest glory is not ever failing, but in rising every time we fall.

5. Choose to have Self-Control

You have to start to behave differently in order to have different results in

your finances.


Decide today to be different than the people around you and make a

difference in the world.

6. Decide to become a ‘Go-Giver’

Treating others with kindness and ‘paying it forward’, will position you to

receive.

Envy creates so much pressure to spend but having a giving mindset will

attract abundance!

7. Avoid making important money decisions when you are emotional

Heightened emotion—good or bad—narrows your perspective, cuts you off

from your sense of the big picture, and makes it more difficult to logically

see the long-term consequences of your choices.

8. Avoid making important money decisions under tension or fatigue

Increased tension produces emotional regression. With increased tension

and advanced conflict, the stress response reaction can move someone into

a more emotional pattern characteristic of a much earlier age. The same

holds true for fatigue. Make important decisions after tension has eased and

you are rested. It’s easier to buy things we might later regret when under

tension or fatigue.

Guidelines for Making Decisions (David Krueger, MD: Our Money Stories)

• Be willing to sleep on it

There are few true emergencies in life. Investing isn’t one of them, and

neither is buying that plasma television. If it is a good decision today, it

will be a good decision tomorrow, after you have had the state change

and perspective of sleeping on it. Be clear on the distinction between


being passive and making an informed decision not to act right now. “I’ll

sleep on it” is a decision. Especially in times of traumatic or crisis

situations, sleeping on it can revert a “hot state” to one of cooler reason.

Recognize if you are vulnerable to emotional news in order to devise a

strategy to not react in the financial arena.

• Have a well-informed and fully structured plan

Look at the big picture and your long-term objectives, and create a

strategy and game plan based on facts rather than on emotions or

instinctive reactions. Seek out whatever assistance you need to become

fully informed on the issues involved. Periodically review your plan to

make sure it is in alignment with objective expert advice by a wealth

advisor or investment specialist.

• Stick to your plan

Especially in times of doing extremely well and feeling euphoric, stick to

the plan. Channel your excitement and take risk in areas other than going

on a spending spree.

• Worry about the right things

Decide what you can control (your plan, your actions, your decisions) and

what you can’t (market conditions, external events), and put all your

effort, energy and focus into those things you can determine. When

things happen that are beyond your control and that you cannot

determine, stick to the plan.

Changing the way that we spend our money can increase our happiness.


MANAGE YOUR MONEY

WHAT IS FINANCIAL WELLNESS?

• Financial wellness results from making informed short-

and long-term financial decisions that result in optimal

health, productivity, and a solid foundation for every

stage in life.

• It’s when financial stress is gone, and being replaced by

actions that support well thought-out goals.

• In a nutshell, it means that you mindfully manage your

money, instead of your money managing you.


PRIORITIZE WHAT YOU SPEND

1. Needs = for basic survival (food, house, transport)

2. Wants = special kinds of needs (birthdays, better quality food, designer

clothes)

3. Desires = things that are not needs, but will make you happy (décor,

holidays, plasma TV, newer model car)

Needs always have to be fulfilled first, then you can buy things that

make you happy.


HOW TO BUDGET & CONTROL SPENDING

1. Think ahead: Commit – get your finances in order and stick to your plan

2. Understand your income: Collect – gather information

3. Understand your expenses: Compare – Expense Control Plan

4. Cut unnecessary expenses: Control – Monthly Cash Expenses

5. Draw up your budget: Correct – Ideal Plan


COLLECT: UNDERSTAND YOUR INCOME &

EXPENSES

EXAMPLE: HANK & HANNA HAPPY

MONTHLY EXPENSE PLAN

NETT MONTHLY INCOME AMOUNT AMOUNT

Money husband brings home 20000 6. Entertainment/Recreation

Money wife brings home 10000 Eating out 500

Other income 2500 Trips/Activities 200

TOTAL NETT INCOME 32500 Vacation 0

Other 0

EXPENSES Total Entertainment 700

1. Housing

7. Clothing (monthly ave) 1000

Bond or Rent 7000 8. Investments 500

Insurance 700 9. Medical

Electricity/Fuel/Gas 700 Doctor 0

Water 300 Dentist 0

Municipal taxes 100 Medicines 0

Repairs & Maintenance 500 Other 0

Landline & Internet 500 Total Medical 0

Other 10. School/Tuition

Total Housing 9800 Books 0

2. Food Materials 0

Store accounts 0 School/Univ Fees 500

Groceries 3500 Total School 500

Total Food 3500 11. Miscellaneous

3. Transportation Toiletries/Cosmetics 500

Monthly car payment 2000 Beauty/Hair 200

Fuel 2000 Laundry/Cleaning 1000

Insurance 200 Allowances/Pocket money 500

Repairs & Maintenance 1000 Gifts 200

Taxi/Bus/Train fare 0 Other 0

Total Transportation 5200 Mobile phone/Tablet 1000

4. Insurance

Life insurance 500 Total Miscellaneous 3400

Medical Aid 1500 12. Debt

Funeral plan 200 Credit Cards 1000

Other 0 Store Cards 1500

Total Insurance 2200 Bank Loan 1500

5. Savings Other loans/debt 500

Savings account 500 Total Debt 4500

TOTAL EXPENSES (Add All) 31800

Total Savings 500 NETT INCOME minus EXPENSES 700


CORRECT - IDEAL PLAN

EXAMPLE: HANK & HANNA HAPPY


CHOOSE YOUR FINANCIAL PRIORITIES

BASED ON YOUR NEEDS & WANTS

50% OF INCOME ESSENTIAL EXPENSES

No more than 50% should be used for essential expenses to meet your basic needs. These include:

30% OF INCOME FINANCIAL PRIORITIES

At least 30% should be used for financial priorities before you do any other spending. These include:

20% OF INCOME LIFESTYLE CHOICES

No more than 20% should be used for lifestyle choices. These include:

Home 25% – rent, home loan, insurance, maintenance & garden

Savings 10% – holiday, nest egg and investments

Entertainment & hobbies

Transport 10% – fuel, insurance, instalments & maintenance

Retirement 10% – retirement annuity and pension

Personal care

Food 10% – groceries & cleaning supplies

Financial products 5% – personal loan, credit accounts, bank charges and insurance

Clothing

Utilities 5% – water & electricity Medical 5% – medicine and treatment – medical insurance

Dining out

mailto:[email protected]



FINANCIAL PRODUCTS/VEHICLES TO CONSIDER

WEALTH PROTECTION WEALTH CREATION

RISK PRODUCTS INVESTMENT PLANNING

• Income protector • Investment Plan (Unit trusts)

• Life cover • Endowment

• Dread disease cover • Tax Free Savings Account

• Capital disability cover • Listed shares

LEGACY PLANNING RETIREMENT PLANNING

• Estate planning • Pension Fund

• Estate liquidity analysis • Pension Preservation Fund

FIDUCIARY • Provident Fund

• Last Will & Testament • Provident Preservation Fund

• Living Will • Retirement Annuity

• Power of Attorney • Living Annuity

• Life Annuity

http://autus.co.za/services/#protecting-your-assets-and-income

http://autus.co.za/services/#saving-and-investing

http://autus.co.za/services/#disability-and-critical-illness

http://autus.co.za/services/#disability-and-critical-illness

http://autus.co.za/individuals-and-families/

http://autus.co.za/services/#providing-for-retirement

http://autus.co.za/individuals-and-families/


WHAT ABOUT CREDIT?

• Do you need the things or do you just want it?

• Use credit for things that add value, such as assets or education

• Don’t use credit for consumption spending or luxuries (e.g. food, clothing,

holidays)

• Match the loan term to your purchase –

o Use a long-term loan (84 months) when building or buying property

o Pay off a car over 60 months

o Pay off luxuries (holidays) or emergencies within one year

• Protect Family Assets – don’t mortgage your home or car in order to start a

business that ‘cannot fail’

• Avoid consumer debt – try to never buy on credit anything that loses value

(for example a car, clothes or furniture). Rather save until you can purchase

these items cash.

• Be responsible in the use of credit cards – make a firm commitment to pay

off 100% of everything you budgeted for each month. It has been proven

that people buy 30% more on credit cards than cash.


GET RID OF BAD DEBT FAST

One in three adults are so far behind on some of their debt payments that

their account is in “collections.” The average outstanding balance on credit

cards is more than $15,000 per household. Not having debt is important

because debt damages you mentally, emotionally, financially, and in your

relationships.

It’s not 100% your fault. You have been misled in multiple ways:

• You have been seduced into thinking that mortgages, auto loans,

student loans and credit cards are a normal part of life and that you need

them to live a happy, successful life.

• You have fallen into the “monthly payment mindset” trap and look at

how much you can afford monthly instead of how your purchase is

actually going to cost you in the long run.

• You have been told that you can’t live without credit, when in fact it

actually lowers your standard of living.


THE 5 SKILLS/STRATEGIES YOU NEED TO GET RID OF BAD

DEBT & REMAIN 100% DEBT FREE

1. Know the Numbers (i.e., total debt, monthly cash flow, net worth)

2. Earn more than you spend (cut expenses, earn more income) Adjust your

lifestyle and/or workload in order to create a little “excess” money (even if

you can start with just $50) – this the magic behind the formula.

CLICK HERE FOR IDEAS TO CREATE

EXTRA MONEY FAST AND CUT

EXPENSES

3. Pay off all your debts first

4. Save money Second – Use the money you were paying on debt to save up

2 to 3 months of reserves

5. Invest for financial freedom

http://www.hanlimarais.com/


While it may seem counterintuitive, you will achieve wealth and freedom

faster by focusing on debt reduction first.

Two basic approaches to paying down debt:

SNOWBALL METHOD –

• You start paying off the smallest balances first while paying the

minimum on larger debts (in our example above you will start with the

Company Loan and a minimum monthly payment of $500).

• Once the smallest debt is paid off you proceed to the next slightly larger

debt, but YOU APPLY THE MONTHLY PAYMENT THAT YOU JUST PAID

OFF ($500 in this case) and ADD IT to the next one. This will bring the

total monthly payment of your second debt (Clothing Store) to $1000.

You follow this formula every time once a debt has been cleared.

• Effective for those who need quick wins to stay motivated. However, it

takes longer to become debt free.

AVALANCHE METHOD –

• You pay off accounts with the largest interest rate first (in our example

above you will start with the Bank Loan).

• Then you move to the next highest interest rate, applying the same

formula of adding the minimum monthly payment that you paid off to

your next account.

• The Avalanche method will get you out of debt faster.


SAVE YOUR MONEY

• We need patience - Financial success is not a 100-meter race

• Delayed gratification means passing up short term gains for long term

rewards. Others say buy now, pay later but we say save now, buy later.

• Every time you pay interest, you lose!

• It’s much better to rather pay to yourself (save) than pay interest to the

banks or stores.


QUESTION: HOW MUCH SHOULD YOU SAVE?

A. EMERGENCIES

• Have equal to at least 2 months’ salary

available

• Be able to convert these savings into cash

• Must be easy & quickly accessible

• Like a water tank, you use it when needed and

then replace it again

• Start somewhere every month with something

– it’s an acquired habit more than the amount that counts and you may

cease when the water tank is filled up

B. REALIZING YOUR DREAMS

• Long term savings or an investment account

• Higher interest rate

• Not immediately accessible

• Take another look at your DreamBoard on pages 4 & 5 and decide

where you want to start. Prioritize your dreams and start to save!

PLAN FOR YOUR FUTURE

a. Make a will

b. Have a list of financial advisors

c. Plan for your children’s education

d. Have life and funeral insurance

e. Prepare for retirement







INVEST 4 FREEDOM

Take the total amount of money you were paying each month on that last debt

you paid off and invest it in property.

Do this every month.

Rather own something of something than nothing of nothing

– Robert Kiyosaki –

Click here to gain entry level in INVESTING IN

PROPERTY!

http://debtfreeinvest.com/

http://debtfreeinvest.com/

HANLI MARAIS MONEYMOMENTUM ACADEMY (TRADEMARK) … · 2017. 9. 7. · HANLI MARAIS MONEYMOMENTUM...

Documents

Transcript of HANLI MARAIS MONEYMOMENTUM ACADEMY (TRADEMARK) … · 2017. 9. 7. · HANLI MARAIS MONEYMOMENTUM...