FPU at Woodcrest

Barbecue at the Walker’s (Group 6)

Posted in Community/Announcements by chaka42 on November 16, 2007

Follow-up for Small Group 6

The barbecue at the Walker’s house is this Saturday at 4:00 p.m. Bring the kids and your appetites!

Here’s the map to the house:
Walker's House
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Matt and Emma Walker
1507 Grayson Drive

Feel free to call at 875-2178.

Careers & Extra Jobs In Review

Posted in FPU Lessons by chaka42 on November 16, 2007

In this lesson, Dave teaches the importance of doing with our lives that which we love. Do you look forward to Monday? If not, how can you work toward that dream job that doesn’t feel like a job at all?

Key Points

  • The average job in America is now 3.2 years in length.
  • The key to power in our careers is to first look at ourselves.
  • Plan your work around your life rather than planning your life around your work.


  • Complete your Personal Inventory and Occupational Categories worksheets this week.
  • Complete your Personal Mission Statement worksheet before next week’s class.

Reading Assignment

  • Chapter 9: Cucumbers, Collectors & Credit Reports
  • Chapter 22: The End… Or Just the Beginning?

Real Estate & Mortgages In Review

Posted in FPU Lessons by chaka42 on November 9, 2007

Dave teaches us the best way to buy and sell a house and the difference between a 15- and 30-year mortgage, plus the best ways to finance a home.

Key Points

  • If you can’t do the 100% down plan, get a payment of no more than 25% of your take home pay on a 15-year fixed rate loan, with at least 10% down.

Reading Assignment

  • Chapter 6: Career Choice

Creative Giving: Spend Less While Giving More

Posted in Recommended Links by chaka42 on November 5, 2007

By Mim King

The rapidly-approaching holiday season is a great opportunity to go overboard with spending. The stress of deciding what to give and the cost to give it can often turn the season of joy into a season of debt. But what if I told you that this year could not only be different, but better? If you want to spend less, but don’t know how to do it successfully, here are some ideas to help you stay well under budget while adding a creative twist to traditional holiday gift-giving. (more…)

Creative Giving: Give Something That Matters!

Posted in Recommended Links by chaka42 on November 5, 2007

Did the quickly approaching Christmas season sneak up on you? Have you just learned that you should have been saving for Christmas gifts all year round? Did you simply forget to budget for Christmas gifts this year? (more…)

Buyer Beware In Review

Posted in FPU Lessons by chaka42 on November 2, 2007

Dave warns us about how we are being marketed to and teaches us the keys to developing the power over purchases. Are you aware of the number of advertising messages you (and your KIDS!) are exposed to each day? Resolve NOW to become an informed, intelligent consumer.

Key Points

  • Learn the marketing method companies use to market products and services to you. Now you can be in control!
  • Wait 24 hours before making a major purchase – larger than $200.
  • Always talk to your spouse before making a major purchase.


  • Finish the third column of your Financial Snapshot.
  • Complete and bring your next month’s budget to class.

Reading Assignment

  • Chapter 13: Buy Only Big, Big Bargains (Real Estate Bargains, Owner Financing Bonanza)

Retirement and College Planning In Review

Posted in FPU Lessons by chaka42 on November 1, 2007

Dave takes the confusion out of retirement investing. He teaches about the Roth IRA, how much to put into various plans (i.e. SEPP, 401k, 403b), and how to best fund our children’s college education.

Key Points

  • Independence in retirement is up to you. Don’t depend on Social Insecurity.
  • Fund college education only after you are funding your retirement.
  • If you don’t have a will, get one TODAY!

More on HSA’s (Health Savings Accounts)

Posted in Follow Up,Recommended Links by chaka42 on October 22, 2007

HSA’s can get confusing, so we’ve included some information and links to help you and your family determine whether or not it’s a good idea to get one.

Things you should know about HSA’s:

  • It is a major medical policy with a large deductible and a low premium.
  • An excellent way to control your monthly premiums while saving for any future costs you may have.
  • You can save up to about 70% on your premium as you are saving money that can be used tax-free on medical expenses.
  • The amount saved in your HSA rolls over from year to year, allowing that savings to gain interest or investment earnings.
  • You can take money out of this account tax- and penalty-free whenever needed for medical expenses. If it’s used for anything else, you pay taxes and a BIG penalty.
  • This money must be used for medical, dental and vision care; however, dental and vision payments don’t count toward your deductible.

To find a Dave Ramsey Endorsed Local Provider (ELP), click here.

For more information about HSA’s, see the sites below:
HSA Basics HSA Insider
HSA Information HSA for America
HSA Option for Small Business About.com

Understanding Insurance In Review

Posted in FPU Lessons by chaka42 on October 22, 2007

Dave helps us learn the types of coverage we need when it comes to health insurance, homeowner and car insurance, life insurance, and disability insurance.

Key Points

  1. Make insurance coverage a priority to avoid a financial disaster.
  2. Learn the types of insurance you really need and get them NOW!


  1. Bring a calculator to class next week.
  2. Complete the Insurance Coverage Recap sheet.

Reading Assignment

  1. Chapter 12: Of Mice and Mutual Funds (begin with Funding Those Golden Rocking Chairs)

Understanding Investments In Review

Posted in FPU Lessons by chaka42 on October 15, 2007

Dave explains the difference between stocks, bonds, mutual funds, CDs, annuities, and WHERE WE CAN GET the very BEST RETURN on OUR HARD-EARNED MONEY.

Key Points

  • The best way to invest is to be OUT OF DEBT first.
  • Don’t put all your eggs in one basket – diversify.
  • Only work with investment advisors who have the heart of a teacher.


  • Complete column 2 of your Financial Snapshot

Reading Assignment

  • Chapter 11: “KISS” Your Money (begin with Insurance)
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