The 50% drop-out average
About half of Financial Peace University students stop attending by the 7th class because they see the upcoming lessons – which have to do with investing, real estate, and saving for kid’s college – as being “not applicable to my situation”. While members have lifetime memberships and can take the class again, we encourage them to complete the whole course from start to finish. By completing the class, they will know more about money than 85% of Americans and will have this information with them when it does begin to apply to their lives.
A letter of encouragement to my Church’s FPU class
We’ve come to the half-way mark of the class. Thank you to everyone who has made it to every session, we love being here to help answer questions and support you through this change in your lives.
If you have missed a class or two, don’t feel bad. Did you know you have access to three of the videos from the comfort of your own home? The Member Resource Center of Financial Peace University allows you to watch up to three of the lessons for free! Just sign into the resource center at http://DaveRamsey.com/
We want you to get the most you can out of the Sunday morning classes, but there is homework to be done. Let this short list be a review of the things we’ve covered up to this point, and possibly a reminder of a time during class that you said to yourself “I need to do that”.
Lesson 1: Super saving – it is important to save!
Lesson 2: Relating with money – It takes 2. If you are married then one is usually the nerd and the other is a free spirit. That’s OK, you guys were made for each other. If you are single then use someone as an accountability partner to help you get through the hard times.
Lesson 3: Cash Flow Planning – You need a budget. Period. Need help? Call Steve Stewart, he can help.
Lesson 4: Dumping debt – how fast can you run away from the Cheetas and get out of debt? Stay focused.
Lesson 5: Credit Sharks in Suits – don’t let collectors decide your priorities for you. Stand fast, and remember 1 Timothy 5:8 says “If anyone does not provide for his relatives, and especially for his immediate family, he has denied the faith and is worse than an unbeliever.” Credit cards never come before mortgage/rent and car payments never come before feeding your family.
Lesson 6: Buyer Beware – we are the most marketed-to nation in history. Be aware of advertising and have the Power over Purchase.
Lesson 7: Clause and Effect – The transfer of risk from one party (you) to another (insurance company) for consideration (money or premium payment). Stay away from gimmick and over-priced products, but make sure you have the right amount of coverage for you and your family.
Note: Steve Stewart recorded a short 4-minute video tutorial on how to shop for term life quotes online. Maybe it will help take away the fear before calling an insurance guy (or using Zander Insurance).
Do the work and you will be rewarded, like working on a diet. Bring your budget, speak up in your small group, and ask questions. The group leaders are there before class and after to answer any specific questions. Let us know how we can help you more!