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Premium member Presentation Transcript Slide 1: Academy of Fiscal Excellence Where Black is the New RedThe Challenge: Implementing the Infinite Banking Concept: The Challenge : Implementing the Infinite Banking ConceptThe Academy of Fiscal Excellence The Academy has Two Divisions: The Academy of Fiscal Excellence The Academy has Two Divisions School of Financial Solvency - The Academy is dedicated to educating its members - your clients - on how to become fiscally solvent, debt free and financially independent. School of Financial Professional Client Development- The Academy presents Financial Solutions to prospects and members on behalf of an Affiliate Financial Services partner.The Academy of Fiscal Excellence What are the objectives of the School of Financial Solvency? : The Academy of Fiscal Excellence What are the objectives of the School of Financial Solvency? To educate it’s members on: Good and bad debt Advanced Wealth creation strategies Money management process and systems Integration and implementation - Turning theory into real world actions and practices The Academy teaches its’ members about how debt works, how to free one’s self from the chains of debt and how to create wealth and financial solvency WHILE eliminating the debt. The Academy focuses on PROCESS not productSlide 5: Organization – Putting your financial house in order Knowing when and how much money comes in Knowing when and how much money goes out Knowing where it goes! Managing debt – Understanding the difference between good and bad debt Optimizing existing cash flow to eliminate bad debt in the shortest amount of time paying the least amount of interest Building long term wealth- Becoming your own bank Utilize banking principles and practices to benefit from leverage, arbitrage and the time value of money Asset protection – Strategies for wealth preservation Risk Management Wealth Transfer The Academy of Fiscal Excellence ESSENTIAL STEPS TO FINANCIAL WELLNESSSlide 6: Certified Cash Flow Coaching The Academy Instructors All Academy Cash Flow Coaches are Certified Personal Finance Counselors® through the Institute of Financial Literacy. The Institute provides professional development and training for credit counselors working with clients in a one-on-one setting. This comprehensive program was designed to allow financial counselors to assist clients with establishing personal budgets, setting financial goals, evaluating and managing debt loads, developing a plan of action and tracking, measuring and monitoring their plan. The CPFC was also designed to fulfill the requirement of the Uniform Debt Management Services Act and various similar state laws.The Academy of Fiscal Excellence: The Academy of Fiscal Excellence For perspective as to the Academy system set up with a cash flow coach, financial advisor and consumer, let’s start by looking a professional athlete.Before an athlete (member) signs with a team, he hires an agent (financial advisor).: Before an athlete (member) signs with a team, he hires an agent (financial advisor). The agent helps the athlete look at the pros and cons of joining different teams and helps market the athlete to those teams to negotiate the best possible contract.Once the athlete becomes a member of that team: Once the athlete becomes a member of that team The coach takes over and helps the athlete fine tune the skills necessary to become the most effective person an that position.The Academy of Fiscal Excellence The Academy Reinforces the IBC Message: The Academy of Fiscal Excellence The Academy Reinforces the IBC Message How to create a solid financial foundation Understanding debt and how it impacts their financial future How to distinguish between saving and investment vehicles How to differentiate between qualified, non-qualified, tax deferred, and tax free retirement plans Teaching real-life financial decision-making skills How to capture financing costs and interest to grow personal wealth… Explain the “WHY “, Teach the “HOW” , Provide the “WOW”Slide 11: Noted Financial Guru Suze Orman tells us to "pay off credit card debt BEFORE creating a savings account” Why Clients Delay Starting Their Personal Infinite Bank! …………but is that always the correct thing to do?Slide 12: It’s all about the W – (The High Cost of Waiting) Maximizing Compounding W hile Minimizing Debt High Cost of WaitingSlide 13: Growth with NO TAX Growth taxed at 17% Growth taxed at 27% YEAR $ AMOUNT 0 1.00 1 2.00 2 4.00 3 8.00 4 16.00 5 32.00 6 64.00 7 128.00 8 256.00 9 512.00 10 1,024.00 11 2,048.00 12 4,096.00 13 8,192.00 14 16,384.00 15 32,768.00 16 65,536.00 17 131,072.00 18 262,144.00 19 524,288.00 20 1,048,576.00 $ 1,048,576 YEAR $ AMOUNT 0 1.00 1 1.83 2 3.35 3 6.13 4 11.22 5 20.52 6 37.56 7 68.73 8 125.78 9 230.18 10 421.22 11 770.84 12 1,410.63 13 2,581.45 14 4,724.06 15 8,645.03 16 15,820.40 17 28,951.33 18 52,980.93 19 96,955.11 20 177,427.85 YEAR $ AMOUNT 0 1.00 1 1.73 2 2.99 3 5.18 4 8.96 5 15.50 6 26.81 7 46.38 8 80.24 9 138.81 10 240.14 11 415.44 12 718.71 13 1,243.37 14 2,151.02 15 3,721.27 16 6,437.80 17 11,137.40 18 19,267.70 19 33,333.12 20 57,666.30 $ 51,353 $ 177,428 Maximizing Compounding W hile Minimizing Debt The Negative Effect of TaxesSlide 14: If you lose 50% of $100,000.00 What is your account now worth?.................... The answer is $50,000.00 To get back to your original $100k , Do you need your present value of $50,000 to make 50% or 100%? Saving vs. Investing When it comes to retirement should you be saving or investing? Can NOT have Losses Maximizing Compounding W hile Minimizing DebtSlide 15: The Life Policy alone and methods previously used to illustrate the Infinite Banking Concept have failed to deliver Personal Bankers the results they seek IMPLEMENTING The Infinite Banking ConceptSlide 16: Financial GPS It guides you to: Pay off debt strategically Save for retirement Stay Focused Track success THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 17: John and Rebecca are 50 years old and want to retire at 65 Their income is $5,000 . & expenses are $4,080 . This leaves $920.00 of discretionary funds SCENARIO 1 : DEBT FREE IN 9.5 YEARS, SAVE $2,100. FOR REMAINING 5-1/2 YEARS UNTIL RETIREMENT Case Study The Power of Maximizing Compounding While Minimizing DebtSlide 18: Case Study The Power of Maximizing Compounding While Minimizing DebtSlide 19: Knowing the time value of money, their Cash Flow Coach suggests looking at another option and determines the maximum amount of cash flow they could redirect from debt acceleration to savings acceleration yet still achieve their goal of being debt free at retirement . Scenario 2 : debt free in 14.75 years, save $700. for 15 years until retirement DEBT FREE IN 9.5 YEARS, SAVE $2,100. FOR 5-1/2 YEARS UNTIL RETIREMENT Versus Case Study The Power of Maximizing Compounding While Minimizing DebtCase Study The Power of The FORWARD Method: $26,830.00 additional retirement savings Case Study The Power of The FORWARD MethodSlide 21: CASE STUDY SUMMARY OPTION 1: Debt free at retirement Interest saved - $160,759 Interest earned - $20,701 Cash Value of savings at retirement - $159,301 OPTION 2: Debt free at retirement Interest saved - $115,322 Interest earned - $60,132 Cash Value of savings at retirement - $186,132 $26,830.00 additional retirement savings Case Study The Power of Maximizing Compounding While Minimizing DebtThe Academy Benefits for the Financial Professional: The Academy Benefits for the Financial Professional $8,400.00 first year infinite banking sale Implementation Process for the Infinite Banking Concept Reduce the chance of client cancellation System for Policy Review and additionSlide 23: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 24: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 25: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 26: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Three ways that a Financial Professional can Affiliate with the Academy: Three ways that a Financial Professional can Affiliate with the Academy Option 1- Academy Referral Partner Option 2- Academy Affiliate Partner Co-op Custom Presentation Option 3- Academy Re-Seller PartnerThe Academy Benefits for the Financial Professional: The Academy Benefits for the Financial Professional $8,400.00 first year infinite banking Policy Sale Implementation Process for the Infinite Banking Concept Reduce the chance of client cancellation and commission chargeback's System for Policy Review and addition banking salesSlide 29: Academy members (your clients) pay $795.00 for a 90 day Comprehensive Custom Cash Flow Program. The Program includes: Weekly meeting with their Personal Cash Flow Coach Three month subscription to the Advanced Cash Flow Management Software. After the initial program period the cost is $59.95 per month which includes A monthly subscription to the Advanced Cash Flow Management Software, A monthly Personal Cash Flow Coaching session Quarterly reviews Fiscal Solvency Literacy Seminars, Webinars, Videos, Games, printed materials and Unlimited email and phone support. The Academy of Fiscal Excellence Tuition and CoursesSlide 30: Instructional Material includes live Software Generic MMA Presentation with the Infinite Banking Concept A PowerPoint Generic Presentation with the Infinite Banking Concept Agent Success Strategies Playbook Financial Professional Affiliation Options Option 1 – Academy Referral Partner There are three Referral Partner Opportunities: Invite Clients to an ‘AFE Solution’ Webinar. No Cost or Training Provided . Present the ‘AFE Solution’ using Academy Generic Presentation Materials. Three Hourly Training Sessions (course and materials -$150.00) Demonstrate the Advanced Cash Flow Management Software to the Client with a Demo Account to explain the advantages of the ‘AFE Solution’. Five Hourly Training Sessions (course and materials -$250.00) The Academy of Fiscal Excellence School of Financial Professional Client DevelopmentSlide 31: The Academy of Fiscal Excellence School of Financial Professional Client Development Instructional Material includes Process Training and Materials Agent Success Strategies Playbook Financial Professional Affiliation Options Option 2– Academy Affiliate Partner Co-op Presentation Program for Insurance Licensed Professionals A Presentation and Closing Success Track in which the Academy Presentation Specialist builds a Custom Presentation Model using the Advanced Cash Flow Management Software from the Clients fact finder information. The Presentation Specialist Illustrates the Academy Process, Demonstrates the Infinite Banking Concept and Consummates the Call to Action on behalf of the Financial Professional.Slide 32: Financial Professional Affiliation Options Academy Certified Cash Flow Course Option 3– Academy Reseller Partner For Agencies with Cash Flow Coaching Departments CFC Certification and training is open to Agency owners who would like to represent the Academy Cash Flow Management Software as a product provider and handle client support and retention with in house staff. An Agency must have at least One Certified CFC to participate in the Academy Agency Reseller program. The Academy of Fiscal Excellence School of Financial Professional Client DevelopmentThe Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESS: The Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESSThe Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESS: The Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESSSlide 37: http://myafe.org John Kach- jkach@myafe.org (603) 493-7238 Gary Lowe- glowe@myafe.org (978) 710-6285 Rod Maxson- crm@myafe.org (561) 302-0960 Advanced Cash Flow Management Software (ACFMS)Slide 38: Are you currently an active user of the MMA? What is your current professional level with UFF? Division, Director,BM Do you hold any professional licenses or certifications? Do you believe the MMA is great product? Would you consider yourself to be a source of support for your clients using the MMA today? Do you feel that you & your clients are using the program correctly and efficiently? Have you required any support using the program? You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Academy Presentation for Advisors EXPOsYourself Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 109 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: March 26, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Slide 1: Academy of Fiscal Excellence Where Black is the New RedThe Challenge: Implementing the Infinite Banking Concept: The Challenge : Implementing the Infinite Banking ConceptThe Academy of Fiscal Excellence The Academy has Two Divisions: The Academy of Fiscal Excellence The Academy has Two Divisions School of Financial Solvency - The Academy is dedicated to educating its members - your clients - on how to become fiscally solvent, debt free and financially independent. School of Financial Professional Client Development- The Academy presents Financial Solutions to prospects and members on behalf of an Affiliate Financial Services partner.The Academy of Fiscal Excellence What are the objectives of the School of Financial Solvency? : The Academy of Fiscal Excellence What are the objectives of the School of Financial Solvency? To educate it’s members on: Good and bad debt Advanced Wealth creation strategies Money management process and systems Integration and implementation - Turning theory into real world actions and practices The Academy teaches its’ members about how debt works, how to free one’s self from the chains of debt and how to create wealth and financial solvency WHILE eliminating the debt. The Academy focuses on PROCESS not productSlide 5: Organization – Putting your financial house in order Knowing when and how much money comes in Knowing when and how much money goes out Knowing where it goes! Managing debt – Understanding the difference between good and bad debt Optimizing existing cash flow to eliminate bad debt in the shortest amount of time paying the least amount of interest Building long term wealth- Becoming your own bank Utilize banking principles and practices to benefit from leverage, arbitrage and the time value of money Asset protection – Strategies for wealth preservation Risk Management Wealth Transfer The Academy of Fiscal Excellence ESSENTIAL STEPS TO FINANCIAL WELLNESSSlide 6: Certified Cash Flow Coaching The Academy Instructors All Academy Cash Flow Coaches are Certified Personal Finance Counselors® through the Institute of Financial Literacy. The Institute provides professional development and training for credit counselors working with clients in a one-on-one setting. This comprehensive program was designed to allow financial counselors to assist clients with establishing personal budgets, setting financial goals, evaluating and managing debt loads, developing a plan of action and tracking, measuring and monitoring their plan. The CPFC was also designed to fulfill the requirement of the Uniform Debt Management Services Act and various similar state laws.The Academy of Fiscal Excellence: The Academy of Fiscal Excellence For perspective as to the Academy system set up with a cash flow coach, financial advisor and consumer, let’s start by looking a professional athlete.Before an athlete (member) signs with a team, he hires an agent (financial advisor).: Before an athlete (member) signs with a team, he hires an agent (financial advisor). The agent helps the athlete look at the pros and cons of joining different teams and helps market the athlete to those teams to negotiate the best possible contract.Once the athlete becomes a member of that team: Once the athlete becomes a member of that team The coach takes over and helps the athlete fine tune the skills necessary to become the most effective person an that position.The Academy of Fiscal Excellence The Academy Reinforces the IBC Message: The Academy of Fiscal Excellence The Academy Reinforces the IBC Message How to create a solid financial foundation Understanding debt and how it impacts their financial future How to distinguish between saving and investment vehicles How to differentiate between qualified, non-qualified, tax deferred, and tax free retirement plans Teaching real-life financial decision-making skills How to capture financing costs and interest to grow personal wealth… Explain the “WHY “, Teach the “HOW” , Provide the “WOW”Slide 11: Noted Financial Guru Suze Orman tells us to "pay off credit card debt BEFORE creating a savings account” Why Clients Delay Starting Their Personal Infinite Bank! …………but is that always the correct thing to do?Slide 12: It’s all about the W – (The High Cost of Waiting) Maximizing Compounding W hile Minimizing Debt High Cost of WaitingSlide 13: Growth with NO TAX Growth taxed at 17% Growth taxed at 27% YEAR $ AMOUNT 0 1.00 1 2.00 2 4.00 3 8.00 4 16.00 5 32.00 6 64.00 7 128.00 8 256.00 9 512.00 10 1,024.00 11 2,048.00 12 4,096.00 13 8,192.00 14 16,384.00 15 32,768.00 16 65,536.00 17 131,072.00 18 262,144.00 19 524,288.00 20 1,048,576.00 $ 1,048,576 YEAR $ AMOUNT 0 1.00 1 1.83 2 3.35 3 6.13 4 11.22 5 20.52 6 37.56 7 68.73 8 125.78 9 230.18 10 421.22 11 770.84 12 1,410.63 13 2,581.45 14 4,724.06 15 8,645.03 16 15,820.40 17 28,951.33 18 52,980.93 19 96,955.11 20 177,427.85 YEAR $ AMOUNT 0 1.00 1 1.73 2 2.99 3 5.18 4 8.96 5 15.50 6 26.81 7 46.38 8 80.24 9 138.81 10 240.14 11 415.44 12 718.71 13 1,243.37 14 2,151.02 15 3,721.27 16 6,437.80 17 11,137.40 18 19,267.70 19 33,333.12 20 57,666.30 $ 51,353 $ 177,428 Maximizing Compounding W hile Minimizing Debt The Negative Effect of TaxesSlide 14: If you lose 50% of $100,000.00 What is your account now worth?.................... The answer is $50,000.00 To get back to your original $100k , Do you need your present value of $50,000 to make 50% or 100%? Saving vs. Investing When it comes to retirement should you be saving or investing? Can NOT have Losses Maximizing Compounding W hile Minimizing DebtSlide 15: The Life Policy alone and methods previously used to illustrate the Infinite Banking Concept have failed to deliver Personal Bankers the results they seek IMPLEMENTING The Infinite Banking ConceptSlide 16: Financial GPS It guides you to: Pay off debt strategically Save for retirement Stay Focused Track success THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 17: John and Rebecca are 50 years old and want to retire at 65 Their income is $5,000 . & expenses are $4,080 . This leaves $920.00 of discretionary funds SCENARIO 1 : DEBT FREE IN 9.5 YEARS, SAVE $2,100. FOR REMAINING 5-1/2 YEARS UNTIL RETIREMENT Case Study The Power of Maximizing Compounding While Minimizing DebtSlide 18: Case Study The Power of Maximizing Compounding While Minimizing DebtSlide 19: Knowing the time value of money, their Cash Flow Coach suggests looking at another option and determines the maximum amount of cash flow they could redirect from debt acceleration to savings acceleration yet still achieve their goal of being debt free at retirement . Scenario 2 : debt free in 14.75 years, save $700. for 15 years until retirement DEBT FREE IN 9.5 YEARS, SAVE $2,100. FOR 5-1/2 YEARS UNTIL RETIREMENT Versus Case Study The Power of Maximizing Compounding While Minimizing DebtCase Study The Power of The FORWARD Method: $26,830.00 additional retirement savings Case Study The Power of The FORWARD MethodSlide 21: CASE STUDY SUMMARY OPTION 1: Debt free at retirement Interest saved - $160,759 Interest earned - $20,701 Cash Value of savings at retirement - $159,301 OPTION 2: Debt free at retirement Interest saved - $115,322 Interest earned - $60,132 Cash Value of savings at retirement - $186,132 $26,830.00 additional retirement savings Case Study The Power of Maximizing Compounding While Minimizing DebtThe Academy Benefits for the Financial Professional: The Academy Benefits for the Financial Professional $8,400.00 first year infinite banking sale Implementation Process for the Infinite Banking Concept Reduce the chance of client cancellation System for Policy Review and additionSlide 23: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 24: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 25: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Slide 26: THE REAL LIFE PLAN A Financial “GPS”….Keeps your money working!Three ways that a Financial Professional can Affiliate with the Academy: Three ways that a Financial Professional can Affiliate with the Academy Option 1- Academy Referral Partner Option 2- Academy Affiliate Partner Co-op Custom Presentation Option 3- Academy Re-Seller PartnerThe Academy Benefits for the Financial Professional: The Academy Benefits for the Financial Professional $8,400.00 first year infinite banking Policy Sale Implementation Process for the Infinite Banking Concept Reduce the chance of client cancellation and commission chargeback's System for Policy Review and addition banking salesSlide 29: Academy members (your clients) pay $795.00 for a 90 day Comprehensive Custom Cash Flow Program. The Program includes: Weekly meeting with their Personal Cash Flow Coach Three month subscription to the Advanced Cash Flow Management Software. After the initial program period the cost is $59.95 per month which includes A monthly subscription to the Advanced Cash Flow Management Software, A monthly Personal Cash Flow Coaching session Quarterly reviews Fiscal Solvency Literacy Seminars, Webinars, Videos, Games, printed materials and Unlimited email and phone support. The Academy of Fiscal Excellence Tuition and CoursesSlide 30: Instructional Material includes live Software Generic MMA Presentation with the Infinite Banking Concept A PowerPoint Generic Presentation with the Infinite Banking Concept Agent Success Strategies Playbook Financial Professional Affiliation Options Option 1 – Academy Referral Partner There are three Referral Partner Opportunities: Invite Clients to an ‘AFE Solution’ Webinar. No Cost or Training Provided . Present the ‘AFE Solution’ using Academy Generic Presentation Materials. Three Hourly Training Sessions (course and materials -$150.00) Demonstrate the Advanced Cash Flow Management Software to the Client with a Demo Account to explain the advantages of the ‘AFE Solution’. Five Hourly Training Sessions (course and materials -$250.00) The Academy of Fiscal Excellence School of Financial Professional Client DevelopmentSlide 31: The Academy of Fiscal Excellence School of Financial Professional Client Development Instructional Material includes Process Training and Materials Agent Success Strategies Playbook Financial Professional Affiliation Options Option 2– Academy Affiliate Partner Co-op Presentation Program for Insurance Licensed Professionals A Presentation and Closing Success Track in which the Academy Presentation Specialist builds a Custom Presentation Model using the Advanced Cash Flow Management Software from the Clients fact finder information. The Presentation Specialist Illustrates the Academy Process, Demonstrates the Infinite Banking Concept and Consummates the Call to Action on behalf of the Financial Professional.Slide 32: Financial Professional Affiliation Options Academy Certified Cash Flow Course Option 3– Academy Reseller Partner For Agencies with Cash Flow Coaching Departments CFC Certification and training is open to Agency owners who would like to represent the Academy Cash Flow Management Software as a product provider and handle client support and retention with in house staff. An Agency must have at least One Certified CFC to participate in the Academy Agency Reseller program. The Academy of Fiscal Excellence School of Financial Professional Client DevelopmentThe Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESS: The Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESSThe Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESS: The Academy of Fiscal Excellence TAKE ACTION EMPOWER YOUR CLIENTS - ENRICH YOUR BUSINESSSlide 37: http://myafe.org John Kach- jkach@myafe.org (603) 493-7238 Gary Lowe- glowe@myafe.org (978) 710-6285 Rod Maxson- crm@myafe.org (561) 302-0960 Advanced Cash Flow Management Software (ACFMS)Slide 38: Are you currently an active user of the MMA? What is your current professional level with UFF? Division, Director,BM Do you hold any professional licenses or certifications? Do you believe the MMA is great product? Would you consider yourself to be a source of support for your clients using the MMA today? Do you feel that you & your clients are using the program correctly and efficiently? Have you required any support using the program?