Debt Free Living

Course Outline

Description: Learn how to pay off all your debts, including your mortgage, in seven to 10 years on your present income. In this ½ Day workshop you will learn specific mathematical techniques for rapidly paying down debt. Whether you earn $20,000 or $120,000, you will benefit from this practical, proven method. No get-rich-quick schemes – just simple math and surprising results. Bring your debts and calculators; skeptic welcome.

Course Length: ½ Day

Background of presenter and presentation

· History of DFL

· Follow-up information

· Email address and web site calculator

Aiming for Financial Freedom

· A personal decision

· Light at the end of the tunnel

· Retirement – the American dream vs. reality

Economical Facts

· Statistics and hurdles that the average American must overcome In order to reach Debt Free potential

· Awareness of the big picture

Conventional Wisdom vs. Reverse Conventional Wisdom

· Six views

· Compare tax benefits

· Investment returns – traditional vs. DFL

Math Portion of Program

Linear Math Variable Path Methodology

Sample Family:

· Income

· Debt Review

· Debt Free date

Students Calculate Personal Debt Free Date

Compound Interest

Effects of Final Cost

Living on a cash basis is possible and rational

Value of a dollar

Spend Smart Factor Finders – 0% - 20% a personal choice

· Paying more than minimum payments

· Sayings and emergency funds

· Spending review

· Consolidation

· Credit card usage

Psychological Effects of Debt

· The addictive nature of spending

· Actual cost of interest

· Living in an instant gratification society

Handling emergencies

Reasons People Fail Financially

Actual Cost of Mortgage Interest Rates

· 6% interest of 53.70% interest

· How to Calculate 37.13% Return

Encouragement and Closure

Review Opening Facts for Verification

Encourage Small Steps to State Immediately