Ari webinar powerpointweb

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Ari webinar powerpointweb

  1. 1. <ul><li>Unemployment </li></ul><ul><li>Outsourcing </li></ul><ul><li>Technology </li></ul>College Money System.com Dusty Rollins
  2. 2. What is the Problem? <ul><li>Economy </li></ul><ul><li>Boomers working longer </li></ul>
  3. 3. Student Loans <ul><li>About to pass $1,000,000,000,000 </li></ul><ul><li>Last 10 years grew 500% , consumer debt grew 100% </li></ul><ul><li>Student loan debt greater than credit card balances </li></ul>
  4. 4. Career and Majors <ul><li>Many students don’t pick marketable majors </li></ul><ul><li>Just getting the college degree isn’t what it used to be </li></ul><ul><li>Mc Jobs and heavy debt </li></ul><ul><li>Law students suing their alma mater for lack of jobs </li></ul>
  5. 5. Rising Tuition <ul><li>Last 10 years – College costs have gone up right at 100%... </li></ul><ul><li>What else has inflated this much in 10 years? </li></ul>
  6. 6. Cost of Attendance <ul><li>Average Public --- </li></ul><ul><li>Average Private --- </li></ul><ul><li>Many times you can go to Private for same out of pocket as Public </li></ul>
  7. 7. <ul><li>COA $19,830 </li></ul><ul><li>Bright Futures and Pre Paid --- </li></ul><ul><li>About $7000 to $8000 </li></ul><ul><li>Where does the other $12,000 per year come from? </li></ul><ul><li>Bright Futures now requires FAFSA </li></ul>
  8. 8. The Question is… <ul><li>Where are you going to get the money? </li></ul><ul><li>If you have the money to pay, </li></ul><ul><li>Would you like to know how to save more and not get ripped off by the colleges? </li></ul>
  9. 9. Colleges and Government <ul><li>They are not on your side…it’s a business </li></ul><ul><li>Enrollment Management </li></ul><ul><li>Inflated value of their degree </li></ul><ul><li>Recruiting out of state students –bigger tuition </li></ul>
  10. 10. Financial Aid <ul><li>Merit </li></ul><ul><li>Need based </li></ul><ul><li>Debt </li></ul><ul><li>Job </li></ul>
  11. 11. Expected Family Contribution <ul><li>EFC </li></ul><ul><li>Parents income and assests </li></ul><ul><li>Students income and assets </li></ul><ul><li>Amount above EFC --- lots of debt and job </li></ul><ul><li>Amount below EFC --- where are you going to get the money and the CashFlow ? </li></ul>
  12. 12. Why I do what I do… <ul><li>PARENTS Govt burden, Parental care, </li></ul><ul><li>Retirement, debt & CashFlow, lifestyle </li></ul>
  13. 13. True COA… <ul><li>5 years to graduate </li></ul><ul><li>Poor job market, low paying jobs </li></ul><ul><li>Change major or change schools </li></ul>
  14. 14. The BIGGEST single expense in paying for College is….. <ul><li>The IRS….. </li></ul><ul><li>They are your partner in everything you do! </li></ul><ul><li>When you pay for college, most people pay with AFTER tax dollars …. </li></ul><ul><li>If you need to come up with $200,000 for college and you are in a 33% tax bracket. </li></ul><ul><li>You must earn $266,000 just to pay the $200,000 </li></ul>
  15. 15. The Second BIGGEST expense in paying for College is…. <ul><li>OPPORTUNITY COSTS </li></ul><ul><li>VERY few financial experts even know about this concept, let alone how to STOP it!!! </li></ul><ul><li>Every dollar you spend, you never get back. And you lose the dollar and WHAT the dollar could have earned IF you had it invested </li></ul>
  16. 16. Credit Cards <ul><li>Credit card balance $10,000 </li></ul><ul><li>Credit card interest rate 18% </li></ul><ul><li>Investment Rate of Return </li></ul>
  17. 17. Opportunity Costs <ul><li>Amount of interest you pay </li></ul><ul><li>Year 1 20 40 </li></ul><ul><li>$1972 $39,433 $78,866 </li></ul><ul><li>Potential had you been able to invest the Interest </li></ul><ul><li>$1972 $90,226 $510,767 </li></ul>
  18. 18. How will you pay for College? <ul><li>And </li></ul><ul><li>How will you manage the CashFlow? </li></ul>
  19. 19. Cash (flow) is King … <ul><li>In business, often CashFlow is more vital to keeping things running than lump sums of money. </li></ul><ul><li>Wal Mart has BK’d companies because the companies couldn’t keep up with them, CashFlow wise… </li></ul><ul><li>If you have strong CashFlow, you can survive just about ANYTHING!!! </li></ul>
  20. 20. Four Areas we work on with Parents, Grandparents, and Students <ul><li>Student Planning </li></ul><ul><li>Income Planning </li></ul><ul><li>Asset Planning </li></ul><ul><li>CashFlow Planning </li></ul>
  21. 21. Student Planning <ul><li>Match the student to career, career to major, major to college…. </li></ul><ul><li>MCP – values based career planning </li></ul><ul><li>Applywise – structured process for admissions </li></ul><ul><li>ACT/SAT prep – the right courses </li></ul><ul><li>Study skills for college – transition from HS to College </li></ul>
  22. 22. INCOME PLANNING <ul><li>Financial Aid is income based </li></ul><ul><li>Taxes have a huge impact on costs </li></ul><ul><li>Make sure you have your finances structured in the best way to take advantage of all the Financial Aid possibilities… </li></ul><ul><li>Our strategies work with YOUR tax advisor or you can get a second opinion from ours. </li></ul>
  23. 23. ASSET PLANNING <ul><li>If your assets are in the wrong vehicles, they can count against Financial Aid and cost you big bucks! </li></ul><ul><li>There are legal ways to structure your assets so that you aren’t punished by Financial Aid </li></ul>
  24. 24. CASHFLOW PLANNING <ul><li>Pay off debt in half the time, with little change to your lifestyle </li></ul><ul><li>Save thousands of dollars in interest charges…and remember, when you save a dollar you didn’t have to pay out, you keep the dollar and EVERYTHING that dollar can earn for you…. </li></ul><ul><li>Simple SOFTWARE --- over $3000 value </li></ul>
  25. 25. Who can help you with all this? <ul><li>CPA, Financial Advisor -- why haven’t they already helped you figure this out? </li></ul><ul><li>Guidance Counselor -- they are good people, just over worked and NOT trained in finances </li></ul><ul><li>Colleges – Enrollment management, award letters appeal </li></ul><ul><li>Government – Federal loans are driving up the costs of college (bubble just like RE market) </li></ul>
  26. 26. Irresistible Offer only for Ari’s friends and clients… <ul><li>One to one coaching process…. </li></ul><ul><li>Fill out a quick survey….then </li></ul><ul><li>Talk for 1 full hour , with me not an assistant. </li></ul><ul><li>You get a plan, next steps, and areas to focus </li></ul><ul><li>CF software ($3000 value!) </li></ul>
  27. 27. What You Get… <ul><li>You will get a plan worth much more than the cost… </li></ul><ul><li>You can’t learn what I know for less than I charge…. </li></ul><ul><li>After we talk, you will see the value and you will know if it is right to go own the next step with me. </li></ul>
  28. 28. Start now… <ul><li>DIY --- the more you know, the less you pay </li></ul><ul><li>2 paths --- kids 14 and under </li></ul><ul><li> kids 15 and over </li></ul><ul><li>The younger your kids, the better it is…. </li></ul><ul><li>It is never too early to come see me and it is NEVER, NEVER too late… </li></ul>
  29. 29. Your Money Back! <ul><li>I can show you how to set up a TRUE college savings plan that allows you to pay for college. </li></ul><ul><li>And then over time, get ALL YOUR MONEY BACK !!! </li></ul><ul><li>It is not Free, but you get your money back ! </li></ul>

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