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BAD FINANCES PUTS HEALTH OF AMERICANS IN DANGER

BAD FINANCES PUTS HEALTH OF AMERICANS IN DANGER

 

SAN MARCOS, Texas—Lack of financial education can be detrimental to your most important asset—your health. Money management skills are becoming an increasingly essential skill in today’s economic turmoil. Knowing how to manage your finances not only prevents debt, but health issues as well.

Finance-related stress can take a heavy toll on one’s health and mental well being. There is a direct correlation of financial issues and health status. An astonishing 75%-90% of all doctor’s visits are stress-related.

More than 52% of Americans experience anger, irritability, fatigue, and sleeplessness due to fiscal struggles. Financial struggles may lead to stress, anxiety, depression, insomnia, high blood pressure, weight gain or loss, stomach problems, ulcers or digestive problems, aches and pains, and other general sickness.

It is now estimated that it costs $15,000 per year per worker for financial stress related illness. Needless to be said, this certainly adds to the frustration of being muddled waist-deep in debt. Medical bills can lead to an avalanche of increasing debt and a negative credit score. Bad health and lack of wealth go hand in hand in a vicious cycle.

“Financial education is the key to avoiding debt and stress-related illnesses. My mission is to teach and coach Americans on how to become financially independent through a book that is right for them,” said Ruben Ruiz, author of The Richest Latino in America and The One-Hour Hispanic Millionaire.

 

About Ruben Ruiz

Ruben Ruiz is an award-winning author, financial coach, president and CEO of The Ruiz Financial Group, LLC, and W&M Publishing. Ruiz is a member of the Financial Planning Association (FPA) of San Antonio and South Texas and has served in various positions for the organization, including chairman of the Board. Ruiz teaches, educates and provides consulting services to clients and associates in wealth management and financial planning. He has published three books on financial planning & money management, in English and Spanish.

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Author Ruiz Sets New Publishing Distribution Plan

Author Ruiz Sets New Publishing Distribution Plan

SAN MARCOS, Texas — With all of the uncertainty surrounding the debt crisis in America and the personal savings rate in the negative, Ruiz Financial Group-W&M Publishing announces the release of three books, authored by Ruben Ruiz. The financial strategist and adviser is releasing his books in English and Spanish, which provide Americans with insightful and easy to understand steps to reaching financial stability, while at the same time entertaining with clever dialogues and memorable characters.

The first book, The One-Hour Hispanic Millionaire, was written in 2006, and a new edition was created in 2011. This was a new adventure, a new business, and Ruiz didn’t know the first thing about self-publishing and book distribution. Soon after came the 2nd book, The Richest Latino in America. By then, the author had learned a lot of the book industry. In fact, he was able to get one of the top literary agents in the country to take on his book, and get a national and/or international publisher for him. But after a year and a half, Ruiz still had no publisher, and he never put the book on amazon.com, or anywhere else, for that matter. He just let the agency handle everything, but they did nothing for the book. He learned a new lesson.

Ruiz contemplated for awhile and figured out that 300 million Americans had never heard of his books. He also knew that after each presentation he gave on the self-help, financial books, some of the audience always bought books. He figured that the lowest percentage of purchasers from the audience was roughly 20%, and the highest was about 60%.

With that Ruiz made a decision; “Let’s just publish the books brand new, like they had never been published.” It was like a ‘practice’ or a ‘trial marketing’ program, which many authors do today. So he changed some of the covers, updated anything that needed an revised, and started the process of nationally distributing all four books, two in English and two in Spanish.

And if this wasn’t enough for Ruben Ruiz, financial advisor and author, he was in the middle of writing his 3rd book My Own Money Blueprint, which provides readers with tools and knowledge to build their own financial blueprint. Much like the parts needed to build a home from a blueprint; the book provides the reader with everything needed to build wealth, from the foundation to the roof.

Ruiz also made a commitment to publish a new book every year, for the next ten years, and  cover every part of financial education that is a part of America’s free enterprise society on building income and net-worth. He made Robert Kiyosaki, author of Rich Dad, Poor Dad, the “model form” to motivate the writing of his financial self-help books. Ruben and his company, W&M Publishing, will start a new national distribution on his birthday, November 4th, 2011, with all four books carried by amazon.com and his own book website, rubenruiz.net. Ruiz is in the process to place books on all book websites, national book subscriptions, and retail stores. The 5th and 6th book – My Own Money Blueprint – will be on amazon.com by February, or earlier in e-book format and traditional paperback.

“The aim of the books is to encourage Americans and Latinos to be financially independent and to realize that wealth is attainable for everyone, all ethnic groups, with the right planning,” said Ruiz. “What all Americans need and want more passionately than anything else for building wealth is a structured plan.”

Ruiz hopes that by offering three new books, Latinos will be set with every tool needed for financial success. He has made it his personal mission to educate Americans across the country become wealthy or financially independent within the next ten years.

About Ruben Ruiz

 

Ruben Ruiz is an award-winning author, financial coach, president and CEO of The Ruiz Financial Group, LLC., and W&M Publishing. Ruiz is a member of the Financial Planning Association (FPA) of San Antonio and South Texas and has served in various positions for the organization, including chairman of the Board. Ruiz teaches, educates and provides consulting services to clients and associates in wealth management and financial planning. He has published three books on financial planning & money management, in English and Spanish.

Ruben Ruiz, Jr., MSFS, CLU, ChFC, RFC, is a regional director of Money Concepts Financial Planning Centers in San Marcos and San Antonio, Texas. Ruben’s firms have a long tradition of helping clients build, manage, and protect their wealth through financial planning and investment advisory services.

Mr. Ruiz has a bachelor of business administration (BBA) degree from Southwest Texas State University (Texas State University) and a master of science in financial services (MSFS) degree from the Richard D. Irwin Graduate School of The American College, Bryn Mawr, Pennsylvania. He holds the professional designations of the chartered financial consultant (ChFC) and the registered financial consultant (RFC).


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Financial Education for Youth

 Financial Education for Youth

San Marcos, Texas, (October 26, 2011)

Do you ever wonder about your financial future and job security? If you’re like most Americans, then the answer is “yes!” With all of the uncertainty surrounding the debt crisis in America and the personal savings rate in the negative, encouragement and support to build savings and net-worth are needed now more than ever. Everyone across the board is well aware that the American economy is in bad shape. But what most people may not know is just how severe the dilemma truly is.

Devastating effects of Economy

The destructive effects of the deficit have hit the nation with full force. Americans have accumulated 2.5 trillion in personal consumer debt! From just 2007-2009, 67% of Americans have experienced a huge plunge in their total wealth, a median 45% decline! It is extremely difficult for workers to bounce back from such a huge plummet in their income in only a matter of two years.  An astounding 77% of Americans are now living paycheck to paycheck. 28% of the country doesn’t pay their bills on time, and 40% carry over credit card debt from month to month.

Nearly 2/3 of Americans are experiencing financial problems such as paying for gas, food, rent or mortgage, healthcare and insurance. Many American workers are worried about making ends meet, concerned about bankruptcy and losing their homes, not having enough money to cover expenses, and mounting credit card debt. Not to mention they are concerned with getting a good job or raise, keeping their job, coping with loss of money in the stock market, and managing personal and consumer debt. Clearly, financial stress is on the rise.

Effects in Individuals

If the deficit can bring down a country as powerful as the United States, imagine what it can do to an individual at the personal level. Family lives suffer from economic frustrations.  People are now bringing more stress home from their jobs along with the work. 8 out of 10 Americans claim that money, or rather lack of it, is a significant source of stress in their lives.

30 million workers in America – 1 in 4 are seriously distressed and dissatisfied and causing negative impacts in individuals, families, and employers. In a perfect world, people would be able to keep their financial pressure and home life issues separate from their work-life. However, at least 15% of U.S. workers experience so much financially related stress, that it negatively impacts their work productivity. Their downfall of productivity may lead to losing their jobs. Thus, a vicious cycle is created that is tremendously difficult to escape.

It is impossible to separate your life so completely.  When you are not feeling good about your future, it will have a negative impact on your home life as well. Statistics suggest finances play a leading role in 80% of all divorces in America. More than 52% of Americans experience anger, irritability, fatigue, and sleeplessness due to fiscal struggles.

Additionally, monetary distress can take a heavy toll on one’s health and mental well being. An astonishing 75%-90% of all doctor’s visits are stress-related. Financial struggles may lead to stress, anxiety, depression, insomnia, high blood pressure, weight gain or loss, stomach problems, ulcers or digestive problems, aches and pains, and other general sickness. There is a direct correlation of financial issues and health status. Needless to be said, this certainly adds to the frustration of being muddled waist-deep in debt. It is now estimated that it costs $15,000 per year per worker for financial stress related illness.

Who is to blame?

You may be wondering why so many people have found themselves burdened with financial suffering. People have blamed everything from A-Z for the damaged economy.  Many are riddled with the seemingly complexity of how the situation became so dire. Who is the culprit in this case? The answer is really quite simple. The economy is at an all time low due to the lack of financial education within American citizens. Many citizens do not know how to save, invest, borrow responsibly, and plan for their financial future.  43% of Americans do not budget or track their expenses at all! And 63% have not viewed their credit score in the past year. 32% do not spend any portion of their income for retirement.

The Secret Revealed at Last

How can the government or agencies fix the health care issue before fixing the U.S. financial problem? A financial education K-12 program is the solution. No, the employer doesn’t have to pay for 12 years of training, nor does the American W-2 or 1099 worker have to go back to school and get a diploma in ‘money education.’ (Maybe it’s not such a bad idea.) But a single money management education program that does cover K-12 will work. Money management training in America is crucial.

America needs to become the leader again in having ‘savings’ rates of 10% or more. While the average, or even the higher income American, needs the education; the members of congress, their staff, their lobbyists and aids, should attend financial education programs as well.

Although this skill is usually neglected, financially literacy is becoming an increasingly important life skill needed to survive in modern day America. Knowing how to manage your finances is a powerful tool. The knowledge needed to manage your finances can prevent a vast amount of issues.

People are encountering debt problems at a younger age than past generations due to manipulative credit card agencies targeting young students. The average student entering college is offered eight credit cards their first week. Teens now have to make important decisions, such as taking out thousands of dollars in loans. Children’s spending has roughly doubled every ten years for the past three decades, and tripled in the 1990s.Consequently, it is imperative for the youth of America to become financially literate at a young age in order to steer clear of debt as an adult.

If the parents of today’s youth cannot manage their own finances, how can they teach their children to do so? Today only 13 states require a personal financial course to graduate high school. If high schools and colleges are graduating financial illiterate students, it is no wonder there are so many adults in the real world who have financial troubles.

Financial Education K-12

One solution to reconstructing the American economy is implementing financial education programs in public schools. Although there are immense resources of financial education among adults, the progress to educate youth on finances is very slowly on the move. Youth financial education should be applied in all public schools, grades K-12, rather than the wait to educate students in high school and college.

Educating younger generations on managing their finances will prevent them from falling into debt at an adult age by making uninformed decisions. Instead of making the same financial mistakes that brought our economy to shambles, they can finally break the vicious debt cycle and create wealth in America. Studies have shown that students who took a required course in finances were more likely to budget, save, and pay their credit cards in full. They were also less likely to max out credit cards.

Although many parents want to educate their children on money-management, many do not know how. Unfortunately many teachers do not know the answers either. In order for financial literacy programs to be effective, teachers need to be properly trained and learn to create their own financial prosperity, first and foremost. These programs should meet national academic standards. The course or program should also be a requirement for all students.

Help is on the Way

Ruben Ruiz, MSFS, ChFC, RFC , CEO, Author, and Award Winning Financial Advisor, offers educators, teachers, and students financial education, training, development, consulting, coaching & advisory services through the selection of financial programs, where they can select one or all programs to provide financial empowerment. Ruben also writes books, in English and Spanish, providing a wealth of information on the ever-so important life skill of money-management. His workshops, boot camps, seminars, and books are the key to creating financial independence.

 

Mr. Ruiz will be one of the featured authors at the Texas Author Day event in San Marcos, Texas, and will be reading and signing his new books. The event will take place at the San Marcos Public Library on Sunday, October 30th, from 2:00 to 5:00 p.m.

 

My Own Money Blueprint provides readers with the tools to gain financial security, peace of

mind and an independent lifestyle by learning the 12 models that make up your “Own Money

Blueprint.” The highly-anticipated book is soon to be released, and will be available December

15th, 2011, or earlier, in e-book format or traditional paperback.

 

The Richest Latino in America is the 21st century version of “The Richest Man in Babylon.” It is the 1st self-help, financial story or ‘novella’, written by a Latino financial advisor. It contains many memorable characters, humor, wealth principals, and easy, financial tips and techniques for all of America to manage their monthly paycheck and turn it into ‘net worth’ between the story pages of a novella that is guaranteed to hold their interest. It is much easier to read than the ‘Babylon’ book, that’s for sure.

 

Don’t let the title “The One-Hour Hispanic Millionaire” fool you into thinking this book must be fictional. In actuality, it contains 30 educational chapters, that help the average American learn in ‘one-hour’ a week to create wealth, achieve true financial independence, and yes, build a goal-based ‘million dollar’ net worth.

 

About Ruben Ruiz

Ruben Ruiz is an award-winning author, financial coach, president and CEO of The Ruiz Financial Group, LLC., and W&M Publishing. Ruiz is a member of the Financial Planning Association (FPA) of San Antonio and South Texas and has served in various positions for the organization, including chairman of the Board. Ruiz teaches, educates and provides consulting services to clients and associates in wealth management and financial planning. He has published three books on financial planning & money management, in English and Spanish.

Ruben Ruiz, Jr., MSFS, CLU, ChFC, RFC, is a regional director of Money Concepts Financial Planning Centers in San Marcos and San Antonio, Texas. Ruben’s firms have a long tradition of helping clients build, manage, and protect their wealth through financial planning and investment advisory services.
Mr. Ruiz has a bachelor of business administration (BBA) degree from Southwest Texas State University (Texas State University) and a master of science in financial services (MSFS) degree from the Richard D. Irwin Graduate School of The American College, Bryn Mawr, Pennsylvania. He holds the professional designations of the chartered financial consultant (ChFC) and the registered financial consultant (RFC).

 

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Financial Education

 The Cure for the American Debt Catastrophe–K12

San Marcos, Texas

Do you ever wonder about your financial future and job security? If you’re like most Americans, then the answer is “yes!” With all of the uncertainty surrounding the debt crisis in America and the personal savings rate in the negative, encouragement and support to build savings and net-worth are needed now more than ever. Everyone across the board is well aware that the American economy is in bad shape. But what most people may not know is just how severe the dilemma truly is.

Devastating effects of Economy

The destructive effects of the deficit have hit the nation with full force. Americans have accumulated enormous amounts of personal consumer debt! From just 2007-2011, 67% of Americans have experienced a huge plunge in their total wealth, a median 45% decline! It is extremely difficult for workers to bounce back from such a huge plummet in their income in only a matter a few years.

An astounding 77% of Americans are now living paycheck to paycheck. Many people in the nation carry over credit card debt from month to month and are unable to pay their bills on time. More than one in three Americans have said at one point in their life, they felt their financial situation was out of control.

Nearly 2/3 of Americans are experiencing financial problems such as paying for gas, food, rent or mortgage, healthcare and insurance. Many workers are worried about making ends meet, concerned about bankruptcy and losing their homes, not having enough money to cover expenses, and mounting credit card debt. Not to mention they are concerned with getting a good job or raise, keeping their job, coping with loss of money in the stock market, shrinking pensions and managing personal and consumer debt. Clearly, financial stress is on the rise.

Effects in Individuals

If the deficit can bring down an entire economy in a country as powerful as the United States, imagine what it can do to an individual at the personal level. Family lives suffer from economic frustrations.  People are now bringing more stress home from their jobs along with the work. 8 out of 10 Americans claim that money, or rather lack of it, is a significant source of stress in their lives.

As a result, there are negative impacts in individuals, families, and employers. In a perfect world, people would be able to keep their financial pressure and home life issues separate from their work-life. However, many workers experience so much financially related stress, that it negatively impacts their work productivity. Their downfall of productivity may lead to losing their jobs. Thus, a vicious cycle is created that is tremendously difficult to escape.

It is impossible to separate your life so completely.  When you are not feeling good about your future, it will have a negative impact on your home life as well. Statistics suggest finances play a leading role in 80% of all divorces in America. More than 52% of Americans experience anger, irritability, fatigue, and sleeplessness due to fiscal struggles.

Financial Stress-Related Illness

Additionally, monetary distress can take a heavy toll on one’s health and mental well being. An astonishing 75%-90% of all doctor’s visits are stress-related. Financial struggles may lead to stress, anxiety, depression, insomnia, high blood pressure, weight gain or loss, stomach problems, ulcers or digestive problems, aches and pains, and other general sickness.

There is a direct correlation of financial issues and health status. Needless to be said, this certainly adds to the frustration of being muddled waist-deep in debt. It is now estimated that it costs $15,000 per year per worker for financial stress related illness.

Who is to blame?

You may be wondering why so many people have found themselves burdened with financial suffering. People have blamed everything from A-Z for the damaged economy.  Many are riddled with the seemingly complexity of how the situation became so dire. Who is the culprit in this case? The answer is really quite simple. The economy is at an all time low due to the lack of financial education within American citizens.

Many citizens do not know how to save, invest, borrow responsibly, and plan for their financial future. 65% of Americans consider themselves highly knowledgeable of their finances. However, 43% of Americans do not budget or track their expenses at all! And 63% have not viewed their credit score in the past year. 23% have never seen their credit report at all. About a third of Americans do not spend any portion of their income for retirement. Nearly two-thirds of Americans acknowledge that they aren’t saving enough.

Many of the most important life decisions Americans make revolve around their finances: a mortgage to purchase a home, a loan to purchase an automobile, credit to make purchases, investments for retirement and insurance for security. All of these financial services have become increasingly complex over time and there is a much wider range of product options offered, making decision-making more complicated.

Consumers need to be financially literate in order to make well-informed judgments about such complex products.  Most people don’t know the terms of their mortgage or the interest-rate they are paying on their loan. At a time when Americans are borrowing more than ever, financial knowledge is essential.

The Secret Revealed at Last

How can the government or agencies fix the health care issue before fixing the U.S. financial problem? A financial education K-12 program is the solution. No, the employer doesn’t have to pay for 12 years of training, nor does the American W-2 or 1099 worker have to go back to school and get a diploma in ‘money education.’ (Maybe it’s not such a bad idea.) But a single money management education program that does cover K12 will work.

Money management training in America is crucial. Studies have shown that people who took a required course in finances were more likely to budget, save, and pay their credit cards in full. They were also less likely to max out credit cards. Research shows that as little as ten hours of financial education leads to positive changes in spending and savings habits.

America needs to become the leader again in having ‘savings’ rates of 10% or more. While the average, or even the higher income American, needs the education; the members of congress, their staff, their lobbyists and aids, should attend financial education programs as well.

Although this skill is usually neglected, financially literacy is becoming an increasingly important life skill needed to survive in modern day America. Knowing how to manage your finances is a powerful tool. The knowledge needed to manage your finances can prevent a vast amount of issues.

Help is on the Way

Ruben Ruiz, MSFS, ChFC, RFC , CEO, Author, and Award Winning Financial Advisor, offers financial education, training, development, consulting, coaching & advisory services through the selection of financial programs, where they can select one or all programs to provide financial empowerment. Ruben also writes books, in English and Spanish, providing a wealth of information on the ever-so important life skill of money-management. His workshops, boot camps, seminars, and books are the key to creating financial independence.

 

My Own Money Blueprint provides readers with the tools to gain financial security, peace of

mind and an independent lifestyle by learning the 12 models that make up your “Own Money

Blueprint.” The highly-anticipated book is soon to be released, and will be available December

15th, 2011, or earlier, in e-book format or traditional paperback.

 

The Richest Latino in America is the 21st century version of “The Richest Man in Babylon.” It is the 1st self-help, financial story or ‘novella’, written by a Latino financial advisor. It contains many memorable characters, humor, wealth principals, and easy, financial tips and techniques for all of America to manage their monthly paycheck and turn it into ‘net worth’ between the story pages of a novella that is guaranteed to hold their interest. It is much easier to read than the ‘Babylon’ book, that’s for sure.

 

Don’t let the title “The One-Hour Hispanic Millionaire” fool you into thinking this book must be fictional. In actuality, it contains 30 educational chapters, that help the average American learn in ‘one-hour’ a week to create wealth, achieve true financial independence, and yes, build a goal-based ‘million dollar’ net worth.

 

About Ruben Ruiz

Ruben Ruiz is an award-winning author, financial coach, president and CEO of The Ruiz Financial Group, LLC., and W&M Publishing. Ruiz is a member of the Financial Planning Association (FPA) of San Antonio and South Texas and has served in various positions for the organization, including chairman of the Board. Ruiz teaches, educates and provides consulting services to clients and associates in wealth management and financial planning. He has published three books on financial planning & money management, in English and Spanish.

Ruben Ruiz, Jr., MSFS, CLU, ChFC, RFC, is a regional director of Money Concepts Financial Planning Centers in San Marcos and San Antonio, Texas. Ruben’s firms have a long tradition of helping clients build, manage, and protect their wealth through financial planning and investment advisory services.

Mr. Ruiz has a bachelor of business administration (BBA) degree from Southwest Texas State University (Texas State University) and a master of science in financial services (MSFS) degree from the Richard D. Irwin Graduate School of The American College, Bryn Mawr, Pennsylvania. He holds the professional designations of the chartered financial consultant (ChFC) and the registered financial consultant (RFC).

 

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Special Message for Teachers

Do you Ever Worry About Your

Financial Future and Job Security?

 

How all educators under Teacher Retirement System of Texas can finally achieve financial security and peace of mind

 

Would saving you $1,000 to $6,000 in taxes and other expenses you’re overpaying for, be enough of necessity to attend one of our education meetings?

 

Let me ask you a question:

 

Can you ever remember a time, when being a teacher was more confusing and frustrating?

 

I’ll bet you can’t.

 

It seems that the profession we have all chosen has changed in some very profound ways.  Changes that cause you concerns about the future, and the future of your family.  And changes that cause you to sometimes question your choice of career.

 

Sometimes, these changes cause you to ask yourself, “What am I doing in this kind of work, anyway?”

 

As a “teacher” you chose to educate our children, to help create a better world.

 

And you knew it wasn’t going to be a cake walk.  You knew there were going to be long hours.  And, too many unruly kids in the classes.  And, principals with different agendas than yours.  And parents who think you’re their full time replacements.

 

You knew all that, and more, about how tough your chosen assignment was going to be.  But, you still went into the field because you can’t think of anything more meaningful than:

 

 

Giving kids the chance to live the life they want to lead!

*     *     *     *     *

Are you wondering if your financial future will be ok?

 

65% of baby boomers don’t have money for retirement!

 

*Will the Teachers Retirement System provide me with a retirement income that will increase with the cost of living?

 

*Do you get frustrated thinking about how tired you are of needing a second income to get by?

 

Financial Stress

 

All these thoughts and concerns take a lot of time and energy.  Time and energy that could be used to replenish yourself to be fresh, and enthusiastic for the daily effort of being there for not only your students, but of course your family too!

 

Sadly, the world doesn’t seem to acknowledge or worry about our teachers the way it does doctors, or lawyers, or other professionals.

 

And yet, here we are.  Making less money, with more responsibilities and stress!  If you value family, health, and a long life over money, you might have a new perspective after knowing that lack of control over your finances is a leading destroyer of those values. Our family lives suffer from our frustrations.  We’ve always been working a job that truly means “bringing work home”, and now, we’re bringing more stress home along with the work! 8 out of 10 Americans state money, or lack of it, is a significant source of stress in their lives.

 

More than one in three Americans have said at one point in their life, they felt their financial situation was out of control. Many feel a sense of hopelessness with their financial lives. These emotions are unhealthy and contribute to many issues. It’s no wonder financial management is one of the leading causes of stress in America.

 

In a perfect world, people would be able to keep their financial stress and home life issues separate from their work-life. However, many U.S. workers experience so much financially related stress, that it negatively impacts their work productivity.

 

It is impossible to separate your life so completely.  When you’re not feeling good about your future, it will have a negative impact on your home life as well. Statistics suggest finances play a leading role in 80% of all divorces in America. More than half of Americans experience anger, irritability, fatigue, and sleeplessness due to financial struggles.

 

Financial Stress-Related Illness

 

Financial distress can also take a heavy toll on one’s health and mental well being. 75%-90% of all doctor’s visits are stress-related. There is a direct correlation of financial issues and health status. Research confirms that financial stress causes and intensifies different health disorders. 35% of middle class Americans said they or someone in their household have experienced a physical symptom due to stress from the economy.

 

Financial struggles may lead to stress, fatigue, tension, anxiety, pressure, depression, insomnia and other sleep disorders, headaches/migraines, high blood pressure/hypertension, appetite disorders, weight gain or loss, stomach/abdominal problems, ulcers, digestive problems, aches and pains and other general sickness. Fiscal stress is the leading cause of overeating, smoking, alcohol, and drug addiction.

 

Workers earning less than $30,000 a year are less likely to have health insurance coverage and benefits. Many workers are unable to afford or access health care services and exams. They are forced to cut back on recommended screening, prevention, and health maintenance activities. Over a quarter of participants in a survey claimed that they put off doctor visits due to economic conditions.

 

The economy has lead to a rise in health care costs. In addition, poor health can lead to increased medical costs. Those with financial stress related illness may end up spending $15,000 in health costs per year! Medical bills may hurt your credit and take away from retirement money.

 

This adds to the frustration….

THE ECONOMY…

 

The devastating effects of the deficit have hit the citizens of America with full force! Americans have accumulated enormous amounts of personal consumer debt! Average household debt in the nation has reached a level of 136% of household income. Has it affected you personally?

 

From just 2007-2011, 67% of Americans have experienced a huge decline in their total wealth, a median 45% decline!  An astounding 77% of Americans now live paycheck to paycheck. Unfortunately, many Americans can’t pay their bills on time, and nearly half of Americans carry over credit card debt from month to month.

 

Nearly 2/3 of Americans are having financial problems including paying for gas, food, rent or mortgage, healthcare and insurance, getting a good job or raise, losing money in the stock market, and personal debt. Many American workers are living paycheck to paycheck, worried about making ends meet, concerned about bankruptcy and losing their homes, don’t have enough money to cover expenses, and are mounting credit card debt.

 

It is estimated that roughly 5 million homeowners in America are at least two months behind on their mortgages. It is projected that one million families will be booted out of their homes in America, in this year alone. Financial stress is most certainly on the rise.

 

LET ME SHARE A SECRET!

 

You know, there is one secret that can solve a lot of these worries.  It’s not something you learn in college or graduate school…. or even acquiring a Ph.D.

 

SO WHAT IS IT????

 

FINANCIAL EDUCATION-K12

 

Getting yourself educated, the same way you teach your students!

D U H H H H H H H H ! ! ! ! !  as our kids say.

 

In this day and age, financial literacy is becoming an increasingly fundamental life skill to survive in America. The lack of financial literacy in Americans is what created the deficit!

 

Think about what I’m saying here!

 

We all use up the hours in the day to set a curriculum, and to learn new ways to teach.  To get better and better at being the best teachers we can be.  But since there is only a fixed amount of hours in the day, where are you going to get the time to become an expert at another full time profession?

 

That of being an expert in organizing and managing your money.

 

**The answer is, you can’t do it all.  (Not even if you’re “SUPER TEACHER”!)

 

Unfortunately, we have been forced by the economy and society in general, to be a money manager, besides being a teacher!

 

You are making the income today because you attended school K-12. Did it ever occur to you that you didn’t attend a ‘financial education’ school K12? You chose your field of study and training to teach and get paid an income for that. You didn’t study on what to do with that income, or how to make a higher net worth.

 

A financial education K-12 program is the solution. No, the employer doesn’t have to pay for 12 years of training, nor does the American W-2 or 1099 worker have to go back to school and get a diploma in ‘money education.’ (Maybe it’s not such a bad idea.) But a single money management education program that does cover K-12 will work.

 

Money management training in America is crucial. Studies have shown that people who took a required course in finances were more likely to budget, save, and pay their credit cards in full. They were also less likely to max out credit cards. Research shows that as little as ten hours of financial education leads to positive changes in spending and savings habits.

 

Although this skill is usually neglected, financially literacy is becoming an increasingly important life skill needed to survive in modern day America. Knowing how to manage your finances is a powerful tool. The knowledge needed to manage your finances can prevent a vast amount of dilemmas.

 

Top 10 Reasons to Learn Financial Education-K12

 

  1. Get out of debt

 

  1. Become financially independent

 

  1. Learn to save, invest, and make more money

 

  1. Worry less and reduce your stress

 

  1. Maintain your health

 

  1. Perform better at work

 

  1. Improve your family life

 

  1. Have money for retirement

 

 

  1. Put your kids through college

 

  1. Enjoy a better quality of life

 

 

I’ll bet you think plenty about:

 

v  How your own kids will get through college.

 

v  How you will be able to retire on the same standard of living you have now.

 

v  How to make the best of the summer and so forth, to add financial security for your family.

 

v  What it will take to stop having to take on extra work just to meet the bills, let alone save for the future.

 

v  Whether or not you’ve made the right decisions on your benefits package.

 

v  How you can pay less in taxes, legally?

 

v  What strategies and financial secrets are out there, that you don’t even know exist?

 

v  How do I eliminate my total DEBT?

 

PLANNING

 

YES, THAT’S RIGHT

 

PLANNING!

 

The activity you do every day for a living is the same skill you need to be successful with your money, as you are in your career!

 

*Imagine a scenario where you just show up the first day of class, pull out a book and a piece of chalk, and start teaching without a plan!

 

It’s absurd even thinking about it…

 

Could you imagine having no idea what information you were going to stress?  What books and tools you were going to use?  What timing you would incorporate into your lesson units?  What the other teachers were doing?  Not knowing the goals of the grading period?

 

Could you imagine?

 

 

You know what I’m talking about?

 

  • Doing your tax planning while you file your returns – for the past year! (A little too late, wouldn’t you say?)

 

  • Deciding on your TSA choices based on a three minute conversation with a colleague in the lounge over a soda.

 

  • Setting up your insurance based on a salesperson’s biased advice.

 

  • Investing your money with decisions made from reading an article in “MONEY” magazine.

 

And, listening to Bryant Gumbell interview a stock analyst on the “TODAY” show, and then running to your discount broker.

 

Do you take time to plan for your own future in such lavish detail????

 

I think you probably do not…

 

Be realistic with yourself!

 

Many citizens do not know how to save, invest, borrow responsibly, and plan for their financial future. 65% of Americans consider themselves highly knowledgeable of their finances. However, 43% of Americans do not budget or track their expenses at all! And 63% have not viewed their credit score in the past year. 23% have never seen their credit report at all! 32% do not spend any portion of their income for retirement.

 

Many of the most important life decisions Americans make revolve around their finances: a mortgage to purchase a home, a loan to purchase an automobile, credit to make purchases, investments for retirement and insurance for security. Saving in your retirement is crucial in order to retire with the most money possible and continue the same standard of living for the rest of your life. Not only saving, but actually making a return on what you put in by investing in stocks, bonds, mutual funds, variable annuities, variable life, and 401k plans, while minimizing risks.

 

All of these financial services have become increasingly complex over time and there is a much wider range of product options offered, making decision-making more complicated. Managing your finances can be a very confusing thing to do.

 

Consumers need to be financially literate in order to make well-informed judgments about such complex products.  Most people don’t know the terms of their mortgage or the interest-rate they are paying on their loan. At a time when Americans are borrowing more than ever, the financial education needed to plan is essential.

 

Learning to save and invest in your retirement, and understanding the Teacher Retirement System of Texas in order to make the right choices, can make an enormous difference in your life. On average, teachers make $40,000 to $45,000 a year. How much are you currently saving and investing? Do you have a plan for your future?

 

This planning makes the difference between arriving at your destination, feeling safe and secure, or having no clue where you are, or even where you want to be! What we are talking about here, is probably the most important aspect in your life, next to your health!

 

 

SO WHY DO WE DO IT?

 

Why do we not plan for our future the way we set up a lesson plan or a vacation?

 

In my opinion, it is because we just don’t have the time or energy.

 

It’s not that we’re “stupid”, or lazy, or anything negative like that.

 

NO, NOT AT ALL…

 

It’s just we make the huge mistake of thinking that it takes too much time, or that you’re uncertain of what to do.  Because it’s uncomfortable, there is a tendency to put off, procrastinate, do anything but…DO IT!

 

The RESULT?

 

Literally thousands of dollars that are lost, or unnecessarily paid in the form of missed tax deductions, overpayment on interest, duplicate coverages, hidden fees, expenses… and on and on!

 

Now, you are probably agreeing with me about the need for planning, but are wondering what will it do for me?

 

Planning will allow you the opportunity to learn how to:

 

  • Defer or even eliminate taxes, sometimes saving hundreds or even thousands of dollars every year!  Think about this:

 

—If you saved even $300 per month in taxes and you’re 40 years old, and you earn only a lousy 3% on the extra savings;

 

You would have an additional $98,491 at age 60!

 

HOW ABOUT THINGS LIKE THESE?

 

  • How to stash away over six times as much as an IRA, in tax deferred savings?

 

  • How to finance part, or all of a college education, without paying taxes or penalties!

 

  • The amazingly simple secret of selling assets for a profit, without paying any tax!

 

  • Avoid the five biggest mistakes teachers make with their money!

 

  • The startling secrets to have the best chance of retiring when you want, with as much money as you want!

 

  • Use the investment strategies the pros use every day, except the results will be for you not for them!

 

  • Take advantage of ten possible ways to beat today’s horribly low interest rates on investments!

 

  • Be a part of the 6% of teachers who truly control their own lives, because they have enough financial wisdom to do what they want!

 

All this may sound like a lot of hype, but let me tell you that, just like any profession, certain inside tips and tricks of the trade do exist!

 

**Just like YOU know many secrets of how to do your job more efficiently, and better

than others!  Every vocation has lots of twists and turns only the experienced drivers

know how to take.  These are just some basic facts of financial life!

 

 

HERE IS ONE MORE IMPORTANT FACT!

 

The longer you wait to take advantage of what is rightfully yours, the more you cost yourself.

 

**So many teachers we work with are so surprised at how simple fixing money concerns can be with proper planning.  And we know how frustrating it can be to feel like the “FINANCIAL CONROL” and PEACE OF MIND you want is just out of reach.

 

If you feel like government, the school boards, the unions and so forth, have the control over you, that can be fixed very quickly, but, the initial step must be yours.

 

TAKING THE FIRST STEP!

 

Taking the first step into a new life of financial control is really up to YOU!

 

v  Learn how you can save at least $1000 to $5,000 in TAXES and other expenses you’re overpaying.

 

v  Whether you make $40,000 or $240,000 a year, most people we talk to tell us that they are very interested to learn practical ways to reduce their taxes, and not overpay on other expenses!

 

FOR EXAMPLE:

 

Just last week, we met with an individual who was certain they were all taken care of, and we uncovered over $7,357 in taxes and other expenses that they were overpaying.

 

Almost without exception when we ask people how they think this kind of money slips through their checkbooks, the three biggest causes are:

 

  1. Not having enough time.

 

  1. Not knowing exactly what to look for…and where.

 

  1. Thinking or hoping everything is being “taken care of” for them.

 

 

 

The biggest problem for most people today is TIME.

 

*Not enough TIME…and not knowing where to look!

 

STOP FOR JUST A MOMENT AND THINK ABOUT WHERE YOUR TIME GOES MONDAY – FRIDAY!

 

 

FOR RETIREES:  The biggest problem is not “investing time” first to be fully aware of all the tax saving opportunities available, and not loaning their money to Mr. Banker for 3% while he turns around and rents it out for 12-18%.  Investing time in financial education is invaluable. Spending as little as one hour a week to learn can have a great return of investment. It will most definitely be time well spent.

 

There is a happy ending!

 

Even people who have a good income and money in the bank are feeling more financial pressure today!  Today more than ever, people are sincerely looking for practical ways to save money on taxes and expenses wherever possible, and provide a “financial safety-net” underneath themselves for the future!  Just like a medical doctor, the first step towards getting well or staying healthy financially, is to perform a check-up and diagnosis to see what’s “bugging” YOU!

 

We can provide you with a “financial check-up, diagnosis and written report”.  If you are not totally happy with our report and tax service, there is NO further obligation on YOUR part.

 

No pressure!     No sales!     No hassles!

 

Finally, I wanted you to know that we also invite everyone, who we prepare a financial report for, to attend one of our tax saving workshops….FREE!

 

Well, I think this covers everything.  I hope this discussion of building a financial map for your life’s road makes sense to you in a new and different way.  I hope it has got you thinking about your own life, and how you feel about your taxes, finances, the “quality of time” and life-style you have.  So you and your family can have the best life possible!

 

I look forward to talking to you soon, and seeing where we go from here.

 

Take care, and I wish you all the good luck in the world!

 

Sincerely,

 

 

Ruben Ruiz, Jr., MSFS, ChFC, RFC

 

 

Money Concepts International Financial Planning Network

1920a Corporate Drive, Suite 106, San Marcos, TX 78666

1777 NE Loop 410, STE. 600, San Antonio, TX 78217

TELEPHONE: (512) 396-2487, (210) 573-6827, FAX: (208)-279-1073

ruben@rubenruiz.net

http://www.moneyconcepts.com/rruiz

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