Financial Education in the Workplace
Without any additional cost to you, the employer, we can:
-Increase your Employee income by $312 a month (the national average)
-Help them get totally out of debt. In 9 years or less, including their mortgage
-Help them save more. At least $300,000 by retirement
All without any additional money out of their pocket or yours!
Unlike financial advisors who focus on advising their clients about specific financial products they sell, we teach a proven financial literacy program that is based on The 10 Principles of Money Mastery. The program allows people to get immediate control of their spending, debt, savings, and taxation.
Benefits to Employers:
-Decrease costs related to wage garnishments, bankruptcies, payroll deductions for child support
-Decrease administrative costs for borrowing against retirement plans
-Increase contributions to retirement plans
-Increase employee loyalty
-Reduce employee stress-related illnesses
Benefits to Employees:
-Increase ability to retire early or on time
-Participate at a higher-level in employer-sponsored programs
-Change behaviors that negatively affect job performance
The answer is financial education.
If you are like 85% of employers, you want a new employee benefit program that improves productivity. Which is great, because that is what employees want too. Over 75% of US workers believe a financial guidance program, offered by an employer, would favorably impact their productivity. And over 65% state that workplace benefits reduce the negative mental impact and distraction of worrying about things like their finances.
Quotes from the experts:
“Employers can expect $450 in positive job outcomes from each employee who slightly increases his or her financial behaviors and financial well-being”
-Dr. E. Tomas Garman, Professor Emeritus, Virginia Tech University
“For the employer, research studies have shown that employees who are financially healthy are more productive. They are absent less often, spend less time at the workplace dealing with financial crises, and earn higher job performance ratings.”
-Governor Edward M. Gramlich, Financial Literacy and Education Commision, Washington, DC
The average American will make $2,000,000 in their lifetime.
Where does it all go? (piechart pic)
The real problem isn’t rate of return on savings, it’s interest charges and taxes.
Lane Street Financial Advisors, Inc.
115 Unionville Rd. Indian Trail Rd.
Indian Trail, NC, 28079
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