The Beginner’s Course – Hanson Financial

Breaking the Mind From Bondage

Without an understanding of the inner workings of the financial world, it is practically impossible to get ahead like the wealthy do. This is why we offer this “100 Year Concept”. We all want to make more money … we’re always trying to find that “hidden” key to success and constantly seeking new ideas to get us there. It’s a never-ending quest to find the “edge” that will accelerate us to financial freedom.

This “100 Year Concept” is that “edge!” We focus on teaching you how to create and profit from the process of banking in a way that many haven’t experienced before! This process is known as Your Family Bank. And, contrary to popular belief, this is NOT a new concept. It has been around for well over a century! In fact, this concept is the same tool used by the largest banks in the world. We not only show you the principles behind this concept, we also offer real-life examples to demonstrate how it works.

So, the question is: What do you want?

Peace of mind? Financial security? A sound financial solution that does NOT rely on a fluctuating market? To have cash for emergencies and opportunities? To have something to pass on to the people you love? Here, you have all the information you need to achieve these goals. We all want to have enough money so that we never have to worry about money again.

The only question now is: Are you ready to do it or not?

This is your life.

This is your legacy.

Run the Numbers

You want to create personal wealth, right? If we make a good income each year and spend it all, we’re not getting wealthier, we’re just living high. So, first things first. Let’s get a handle on income and expenses and get out of debt so our personal math works for us, not against us. Bottom line, if we’re paying more interest than we’re earning, we’re losing money. Plus, the interest we’re paying is money that cannot be saved or invested — it’s just gone!

What are you worth? Net worth is our wealth – the greater our assets, the greater our wealth. Our net worth is simply a number that reflects our financial choices – nearly every financial decision we make will move our net worth number forward or backward. If we’re behind our goal, it might be a sign that our relationship with money is broken.

Calculating our net worth is pretty straight forward…

Debt-to-income ratio (DTI) ratio: Another very important number to keep our eyes on. Our DTI ratio shows how our debt stacks up each month compared to our income. It helps us determine how we should handle our debt and whether we have too much debt.

Are there months when you feel like all your money goes to making payments on your debt? You may have a high DTI on your hands. A higher DTI ratio (50% or higher) means we have limited money to save or spend. To get your debt-to-income ratio under better control, focus on paying down debt.

Have Too Much Debt?

It’s safe to assume that most of us carry some kind of debt. And, debt can hurt … I mean, REALLY hurt! It’s impossible to build any real wealth with a mountain of debt hanging over our heads. Our paycheck is our most powerful wealth building tool, and debt is sucking away our income – one dollar at a time!

Hate budgeting? “Make a budget” is one of the most overplayed pieces of financial advice. Budgeting is a great tactic for people who stick with it but, the reality is, most of us won’t stick with it. Good news! We don’t need to with a technique called the “anti-budget,” and it’s simple. Decide how much you want to save and pull this off the top. Set this money aside in an account that allows you to save and invest in a tax-advantaged way! Now, relax about the rest. The purpose of this “budget” is to make sure you’re saving enough. Whatever is left over, you can spend it. It’s that simple!

“Saving” is shorthand for boosting your net worth. When saving, think any activity that improves your financial health like aggressively wiping out your credit card debt, investing or literally savings cash with compounding interest.

How much should I save? We believe everyone should save at least 15% of their income. Is financial independence your goal? Aim for 20% and greater.

How should I save? Here’s a step-by-step plan. (1) Have a 401(k)? Get your employer match! (2) Build an emergency fund. (3) Wipe out debt with an interest rate greater than 4%. And, pay off high-interest credit card debt first. It’s a “no-brainer” … many credit cards charge rates as high as 29.9%, and paying interest on top of interest is a BAD deal!

Need a blueprint? The first step to getting out of debt is to set up a debt payment plan. A good debt payment plan will help you to concentrate on the extra money that you are paying on debt and really speed up the time that it takes you to pay off all your debts. It should tell you the order that you should pay off your debts.

Our Weekend Challenge: Get Out of Debt

What could you do if you didn’t have a single debt payment in the world? That’s right! NO mortgage payment! NO student loan payment! NO car payment! NO credit card bills!

I challenge you to NOW step up and own your debt. You can do the hard work now, or the impossible work later. This weekend challenge is to set your debt elimination plan into place. It’s time to develop a plan!

You Are Just 4 Steps From Security, Control & Financial Freedom

Cash (Flow) Really is King! Cash flow is our financial life blood. Cash is liquid. Think of a bottle of water — once we drink all the water, we’re left with an empty bottle. It’s the same with cash – when it’s spent, it’s gone. Cash flow is like a water fountain — there’s a constant stream of water. Learn how focusing on this one aspect of money can give you more money to enjoy each month while staying on your financial path.

INSIDE STEP 1

Get Out Of Debt & Create Wealth! We’ll create a financial plan that is based on debt elimination and building personal wealth.

Learn a new way to look at money and make it work for you. It’s amazing how something so simple that virtually anyone can do can have such profound results, but that’s exactly how it works. All you have to do is move from thinking about it to doing it.

INSIDE STEP 2

Reduce Your Tax Liability! Retirement Tax Mistake #1: Assuming we will pay less taxes
in retirement.

When we retire, we leave behind many things in our daily grind, but one thing we keep is a tax bill. Keep in mind that taxes will be due once we withdraw funds from our 401(k) and traditional IRA accounts. If tax rates increase, we may have even higher tax bills in retirement.

INSIDE STEP 3

Grow Your Money Safely & Soundly! One of the greatest challenges we sometimes face is adopting the mindset of “abundance”. Simply put, if you want to be rich, it makes sense to think like wealthy people do.

The most important thing is to get started as soon as you can. Your investment dollars will never again have the long-term compounding power they do right now, so take advantage.

INSIDE STEP 4