“Don’t worry that children never listen to you; worry that they are always watching you.” – Robert Fulghum

1. “Don’t worry that children never listen to you; worry that they are always watching you.” – Robert Fulghum

2. Shawn B. Young 39th Annual NHSA Conference April 17th 2012 Nashville, Tennessee

3. Most Common Reasons • Want to “stick to a budget” • Want to “save” • Want to improve their credit • Want to be less stressed about money

4. Bootstraps and Head Start

5. Stress 75% of Americans say that money is their biggest stressor, according to survey by the APA . 80% of all medical expenditures are stress related, according to the CDC’s estimates. • Money • Health Health related debt is the number one cause of personal bankruptcy in the U.S. according to a 2007 Harvard University Study.

6. Rule #8: Stressed brains don’t learn the same way. John Medina, Brain Rules • Your brain is built to deal with stress that lasts about 30 seconds. The brain is not designed for long term stress when you feel like you have no control. • Stress damages virtually every kind of cognition that exists. (Memory and executive function, motor skills, immune response, ability to sleep)

7. Rule #8: Stressed brains don’t learn the same way. John Medina, Brain Rules • You have one brain. • The same brain you have at home is the same brain you have at work or school. • The stress you are experiencing at home will affect your performance at work, and vice versa.

8. Short-Term Stress Can Affect Learning and Memory ScienceDaily (Mar. 11. 2008) • It has been known that severe stress lasting weeks or months can impair cell communication in the brain’s learning and memory region… • A new study shows that short-term stress lasting as little as a few hours can impair brain-cell communication as well.

9. Money and Stress • Finances play one of the biggest roles in a person’s day-to-day stress. • Stress, as it turns out, is one of the biggest factors in a person’s health. • And health is one of the largest burdens on personal finances!

10. Top 3 “Stress Related” Diseases • Obesity • Cardiovascular Disease • Diabetes

11. Obesity in America: Healthcare Costs Double Previous Estimates Business & Health (April 9th 2012) • An obese person’s medical cost is $2,700 higher than a non-obese person. • Nationally the costs associated with obesity costs $190 billion annually and account for 20.6% of all national health expenditures.

12. Cardiovascular Disease • The estimated direct and indirect cost of cardiovascular disease for 2010 was $503.2 billion in the U.S. (American Heart Association) • The average cost of care for a patient up to 90 days post-stroke is $15,000. (The University Hospital, “Stroke Statistics”)

13. Diabetes • In 2007, diabetes cost the nation an estimated $174 billion. Currently just under 1 in 10 Americans has diabetes. (American Diabetes Association) • A 50-year-old person just diagnosed with diabetes has medical expenditures that are $4,174 higher than an identical person without diabeteswith an annual average increase of $158. (American Diabetes Association)

14. Students & Financial Stress • Out of 14,500 students from 15 different colleges, financial pressure was the number one reason these students dropped out of their four year college. (Larry Chiang, 2007)

15. Employees & Financial Stress • Personal finance is the #1 personal issue causing stress in the workplace. (ComPsych printed in USA Today) • Up to 40% of employees report stress over personal finances which leads to lost productivity, increased absenteeism, and a loss of job satisfaction and motivation. (Garman, Leech & Grable)

16. Definition of Stress • The non-specific response of the body to any demand for change. (Hans Selye)

17. Two Kinds of Stress… • Acute Stress: is experienced in response to an immediate perceived threat, either physical, emotional or psychological.

18. Two Kinds of Stress… • Als0 called Fight-or-Fight Response. • Early human survival depended on this response.

19. Stress and the Body • Stress causes the body to release the hormones Adrenaline and Cortisol and other stress related hormones.

20. Stress and the Body • Increased levels of Cortisol, Adrenaline and other hormones produce: • An increased heart rate • Quickened breathing rate • Higher blood pressure

21. Two Kinds of Stress… • Chronic Stress: is a state of ongoing physiological arousal. • Over time this can wear down our bodies and cause us to become ill, either physically or emotionally. • We were built to handle acute stress, not chronic stress.

23. OK – So money is the number one cause of stress…then…

24. What is Money?

25. What is Money? • Money is simply a tool.

26. What is Credit?

27. What is Credit? • Credit is trust. Promise to pay later Available credit

28. Credit Report • Is a history of what you have done or have not done.

29. What is an Asset?

30. What is an Asset? • An asset is simply something of value to you. 1.

31. Tangible and Intangible Assets • What is the difference between tangible and intangible assets? Tangible Intangible 1. 1. house car family health 1. Azoreg

32. Tangible and Intangible Assets • What are three tangible assets you have now? • What are three intangible assets you have now? 1.

33. Savings & Investing Asset Building Continuum Time • Growth • Protection • Growth • Protection • Retirement • Academic Education • Life Education • Civic Ed Shelter • Emergency • Renting • Buying Income • Nutrition • Prevention • Management Skills & Education Health Environment & Community Friends & Family ACCESSIBILITY Energy

34. Asset Building Continuum Traditional Financial Education

35. Barriers • Income, money and time are frequently considered the primary barriers to achieving our goals. • Generally speaking, what are the barriers to increasing income and money? • How does our allocation of time hinder our progress towards our goals? 1.

37. Improving your financial position will come from the creation and maintenance of ASSETS and not merely an increase in income.

38. Sharp Right Turn

39. What is a Personal Value?

40. What is a Personal Value? • Something important to you. • “Ideals by which you live your life.” Community 1. Growth Affection 1. Frank Wouters

41. Exercise: Personal Values • Please circle your top ten Values from the list.

42. Exercise: Personal Values • List your top five personal values in no specific order.

43. Are Values Fluid? • Then vs. Now • Family • Job Security • Health • Patience • Influence • Education • Fun • Freedom • Kindness • Courage

44. Personal Behavior • List one personal behavior that supports each of your above listed values: Personal Value: Health Personal Behavior: I exercise 3 times a week

45. Exercise: Personal Behavior • We all have things that are important to us but we all do things that are not in alignment with our values. • It is a human condition.

46. Exercise: Personal Behavior • List one personal behavior that contradicts each of your above listed values: Personal Value: Health Personal Behavior: I ate a dozen donuts this morning

47. Behaviors and Values • Remember, money is simply a tool. • And our values drive our behavior around money. • We decide what we do with our money.

48. Exercise: Wants and Needs • Make a list of your current wants and needs:

49. Wants and Needs • What is the difference between a want and a need? • Usually comes down to survival.

50. Wants and Needs • How do you determine what your wants and needs are? “I want a new car.” “I need a new car.”