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Your financial future 2016
- 1. FINANCIAL FUTURE PROTECTING YOUR KevinStateham HoldYourWealth.com kstateham@businesscontinuity.ws Phone:(866)-797-7250
- 2. WHAT ARE YOU REALLYEARNING? ONE STEP FORWARD Retirement Income in 401k Annual Household Income TWO STEPS BACK 10% ANNUAL RETURN 34.5% INTEREST PAYMENTS (Credit cards, loans, etc.) -$19,500 ANNUAL RETURN$15,000 -$34,500
- 3. WHICH BANK WOULDYOU RATHER MAKE PAYMENTS TO? The Family Bank The Bank Beginning Balance $30,000 Borrow for Car - $20,000 __________________________ Balance $10,000 Monthly Payments: $460 $20,000 total purchase price Annual: $460 x 12 = $5,520Balance $10,000 Paying Yourself Back +$ 5,520 __________________________ Balance End Year One $15,520 Balance End Year One $0.00 YEAR ONE Paid out of pocket - $5,520! $20,000 4yr loan @ 5%
- 4. WHICH BANK WOULDYOU RATHER MAKE PAYMENTS TO? The Family Bank The Bank End Balance Year One $15,520 Borrow for Boat - $11,000 __________________________ Balance $ 4,520 Boat $11,000 3yr loan @ 10% Car $20,000 total purchase price Combined Annual: $814 x 12 = $ 9,768 Balance $ 4,520 Paying Yourself Back +$ 9,768 __________________________ Balance End Year Two $14,288 Balance End Year Two $0.00 YEAR TWO Boat $11,000 total purchase price Car $20,000 4yr loan @ 5% Car Monthly Payments: $460 Boat Monthly Payments: $354 Paid out of pocket - $15,288!
- 5. WHICH BANK WOULDYOU RATHER MAKE PAYMENTS TO? The Family Bank The Bank End Balance Year Two $14,288 Borrow for System - $ 5,000 __________________________ Balance $ 9,288 Boat $11,000 3yr loan @ 10% Car $20,000 total purchase price Combined Annual: $1044 x 12 = $ 12,528 Balance $ 9,288 Paying Yourself Back +$12,528 __________________________ Balance End Year Three $21,816 YEAR THREE Boat $11,000 total purchase price Car $20,000 4yr loan @ 5% Car Monthly Payments: $460 Boat Monthly Payments: $354 Paid out of pocket - $27,816! System $5,000 total purchase price System $5,000 2yr loan @10% System Monthly Payments: $230 Balance End Year Three $0.00
- 6. WHICH BANK WOULDYOU RATHER MAKE PAYMENTS TO? The Family Bank The Bank End Balance Year Three $21,816 (nothing borrowed) __________________________ Balance $21,816 Boat $11,000 3yr loan @ 10% Car $20,000 total purchase price Combined Annual: $1044 x 12 = $ 12,528 Balance $21,816 Paying Yourself Back +$12,528 __________________________ Balance End Year Four $34,344 YEAR FOUR Boat $11,000 total purchase price Car $20,000 4yr loan @ 5% Car Monthly Payments: $460 Boat Monthly Payments: $354 Paid out of pocket - $40,344! System $5,000 total purchase price System $5,000 2yr loan @10% System Monthly Payments: $230 Balance End Year Four $0.00
- 7. The Family BankThe Bank AFTER 4 YEARS, YOU NOW OWN: • Used the same $20,000 to finance $36,000 worth of merchandise. • Ownership of all items, still have the $30,000 beginning balance plus more. BEGINNING BAL YEAR ONE: $30,000 MONIES BORROWED: $36,000 REPAYMENTS TO SELF: $40,344 ENDING BAL YEAR FOUR: $34,344 • Repaid $40,344 to the bank for $36,000 in loans. • After all loans are repaid – own items, but paid out $40,344 to the bank. MONIES BORROWED: $36,000 INTEREST DUE: $ 4,344 REPAYMENTS TO BANK $40,344 ENDING BAL YEAR FOUR: $0.00
- 8. You Make theRules!Remember The Family Bank The Bank - No Credit Checks - No Taking a Number - No Bank Hours -No Application IT’S YOUR MONEY!! And By The Way, It’s: *Guaranteed No Loss Of Principle *Creditor Proof *Tax Free Growth *Calculated Returns *Provides A Death Benefit *Pays if you become disabled! AND MOST IMPORTANTLY
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