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so PLEASE, if we need to make any

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Welcome!

Who I am“One of my favorite stories is of two gravely ill men in the hospital. The one near the

window delights in sharing the majesty and beauty of the world outside to his

contemporary, who, being in constant pain and immobile, looks forward to being

regaled by his equally ill roommate. Upon the inevitable passing of the first man, the

second demands to be moved to the window so that he can marvel at the world

outside; only to learn that there was no window and his companion had been blind

all along. Of these two men, I most identify with the blind man who could see

beauty and wonder when others lack vision.”

-Mary Ellis, CEO/Founder Golden Hearts Holdings, Inc.Mary Norris-Ellis

Credit Coach | Speaker | Trainer | God's Gift to

Broadcast! Mary Ellis is a Kingdom Builder. She is a gifted speaker, a captivating story-teller, a skilled

trainer and an accomplished financial literacy and credit coach, who leads clients and students

through the tedious and complicated worlds of consumer credit and finance, using biblical

principles and simple strategies that yield PROVEN results.

Mary is also an entertainer and show personality, as featured on “The Credit Reality Show” and

is the creator and producer of the “B.A.G. Lady Radio Show”

She is also a member of several professional women’s organizations

An entrepreneur at heart, Mary left Miami, FL, where she was born and raised, taking a leap of

faith by moving to Atlanta, GA in 2006. She is a loving wife, devoted mother of three and

proud GlamMa!

Subscribe to her YouTube Channel http://www.youtube.com/c/Goldenheartsholdings and can

check out her radio broadcasts at http://www.blogtalkradio.com/goldenheartsholdings!

Let’s Stay In Touch!

Don’t forget the #• #MirrorMoment

• #MakeTodayGolden

• #GoldenHeartsHoldings

• #UndeniableCredit

Agenda

• Determining Your Financial Health

• Credit Basics

• Credit and Finance Goal-Setting

• Questions, Answers, Testimonials

• Return Evaluations

The Point of it all is WEALTH!!!

What to Expect Today

Handouts

1. 52-Week Savings

Challenges

2. S.M.A.R.T. Goals

Task Sheet

3. My Business

Cards/Flyers

4. Mirror

5. Evaluation Form

(Please return to

me at the end of

the session)

What You Will Leave With Today

Basics of Finance – Vocabulary

Words Account

Annual

Banking

Bills

Budget

Checking

Cost

Credit

Debt

Expenses

Finance

Income

Interest

Investment

Money

Percentage

Price

Prime

Savings

Sub-Prime

Tithes

What We Will Talk About Today

Bills

Debt

Cost of Life Expenses

Savings

Is there a Difference?

Bills versus Debt

Bills

• Occur on a regular cycle (monthly, semi-monthly, weekly, etc.)

• Amounts may vary from cycle to cycle

• Immediate to short term effects

• Directly related to your health and/or comfort

• There is no “pay-off” – Bills keep coming

Debt

• Usually monthly, but may occur more frequently

• May be larger amounts and connected to larger purchases (buying

on time)

• Long-Term effects, including future ability to purchase

• Likely to affect your credit rating

• There is a “pay-off” amountIs there a Difference?

Cost of Life Expenses and

Savings

Cost of Life Expenses

• Unavoidable

• Immediate effect

• Necessary for sustaining life

• Irregular amounts/Occasional expense

Savings

• Should be mandatory in your life

• Immediate, medium and long-term effect

• Impacts your ability to purchase

• Has an effect on your future and planning

Is there a Difference?

Formula for Life

10% -Tithe

20% -Savings

70% - Life

My Recommendations

Yours to Keep and/or Manage

What you owe to LIFE!

“For where your treasure is, there will

your heart be also.” – Matthew 6:21

KJV

At, Above or Below?

“I declare that my future self can count on my today self! I will

make decisions TODAY that will ensure my aid and comfort

tomorrow. From THIS moment on, I will be honest WITH myself

FOR myself. I am the change I have been seeking. I can do all

things through Christ who strengthens me.”

LEARN

GROWREPEAT

www.GoldenHeartsHoldings.com 2015 ©All Rights

Reserved

S.W.O.T. Analysis

STRENGTHS WEAKNESSES

OPPORTUNITIES THREATS

S.W.O.T.

Analysis

S.O.T.

THREATS

OPPORTUNITIES

Hmmmmm…

What did you hear?

What did you feel?

What will you do?

Break Time!!!

One of my Favorite Songs!

Let’s Stay In Touch!

Don’t forget the #• #MirrorMoment

• #MakeTodayGolden

• #GoldenHeartsHoldings

• #UndeniableCredit

It’s all about perspective…

The US Population is 313,914,040 (as of June 2012)

According to this report, the Big Three Credit Reporting Companies (Experian, Equifax and TransUnion) are keeping files on 200,000,000 Americans

The Population of New York City is approximately 8,336,697 (as of June 2010)

The Population of Metro Atlanta is approximately 6,000,000

But over 40,000,000 credit reports have errors in them and roughly about 20,000,000 are serious enough to cause seemingly insurmountable problems for consumers

This report is furnished by the Federal Trade Commissions (FTC) at

What is Credit?

cred·it /ˈkredit/ noun – “The ability to obtain

goods or services before payment, based on

the trust that payment will be made in the

future: ‘unlimited credit’.”

Synonyms - noun. trust - faith - credence -

honor – belief

Leverage

Some basic terminology

Credit file: A detailed history of money you have borrowed, credit you have used and whether you make bill and debt repayments on time. A credit file may list employment history as well as present and residences.

Credit Rating / Credit Score/Credit Grade: An alphanumerical score calculated using the information in your credit file. The credit rating is often used to determine a borrower's credit worthiness and is sometimes referred to as a credit score.

Credit check: A process where a person has his or her credit history reviewed before credit is extended.

Who Governs the Credit

Industry?

The entire Credit Industry is overseen by the Federal Trade Commission

It is governed by US Codes 15 and 16

United States Code (15 U.S.C. § 1681 – 1681u. and 15 U.S.C. §1692g) Fair Credit Reporting Act (FCRA)

Credit Reporting Agencies

Credit Bureaus

Consumer Reporting Agencies

Fair Debt Collections Practices Act (FDCPA) Credit grantors

Debt Collectors

Employers

Text of Fair Credit Reporting Act of 1970, 15 U.S.C. §§ 1681-1681u.

FTC Commentary on FCRA, 16 C.F.R. Part 600.

FTC Staff Opinion Letters on the FCRA.

Where does credit come from, who uses it

and what is it used for?

Department stores

Landlords

Mortgage lenders

Employers

Student loan providers

We call it CREDIT… but the way

we are taught to use it, it really

feels like DEBT!

Is it Credit or Is it Debt?

The State of Debt in America:

A Cautionary Commentary by CardHub CEO, Odysseas

Papadimitriou The economy appears to be rapidly improving. Almost 3 million jobs were

added in 2014 and the year ended with the lowest unemployment rate in recent memory: 5.6% - meaning that almost 94 people out of 100 was gainfully employed (confirm USDOL’s definition of employment/unemployment).

CardHub.com released 2014 Credit Card Debt Study – Consumer credit card debt statistics is an indicator of spending trends and household financial health

The fact that defaults are at their lowest level since WalletHub began tracking credit card debt six years ago also indicates that consumers have the financial wherewithal to remain current on their obligations. That’s the good news.

The bad news is that while economic gains are making our spending habits sustainable for now, attitudes toward debt have not improved since the Great Recession. Consumers ended 2014 with a $57.1 billion net gain in credit card debt, and CardHub now projects that we will incur more than $60 billion in new credit card debt during 2015 – a 5% increase. We’ve now had six consecutive quarters of year over year increases in our credit card debt load.

As a result, we must strive to remember the corrosive impact of debt on

Reflect on that for a moment

What did you hear?

What did you feel?

What will you do?

I am here to help!

The only constant is CHANGE!

Any meals you REALLY like and no matter

how hard you try at home, it’s just slightly off

from the way they do it at the restaurant?

Is there anyone here who does their own hair?

Nails? Fix their own car? Make your own

clothes? File your own taxes? Do your own

dentistry? Perform your own medical

procedures?

How can I help you?

What do you think is the number one objection

to me or to Regina when it comes to our credit

rebuilding services?

Is there a difference between doing

somethings yourself versus hiring a

professional?

Announcements and Special

Offers

Thank you for coming!

KINGDOM BUILDER

GIFTS

ADVOCATE

CHAMPION

FINANCIAL LITERACY AND CREDIT COACH

WRITER

ADMINISTRATOR

MORE THAN 20 YEARS IN THE

MARKETPLACEVOICE ACTRESS

RADIO PERSONALITY

TEACHER AND PREACHER