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
Top Related